Deposit Diary Daily #303
Best Nationally Available Savings/Money Market Accounts (21 March 2025)
What’s Happening
Axos Bank
A Deposit Quest subscriber asked why I don’t include the Axos Bank One Savings (4.86% APY) in the liquid summary. While 4.86% is certainly competitive, earning the stated APY is dependent on having a One Checking account and meeting deposit and balance requirements. This may be too many hoops to jump through for most savers.
It's easy to earn the boosted rates for One Savings (4.86% APY) and One Checking (0.51% APY). In your Axos One checking account, receive qualifying monthly direct deposits of at least $1,500 in total by the 25th of each month and maintain an average daily balance of $1,500.
A second qualifying option for the One Checking account has been added that does not require a direct deposit.
Receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.
Current Top Rates
Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of March 21, 2025. The links go to either the product’s landing page or the financial institution’s rate page.
Roger Bank • Savings • 5.00% (no min or min opening deposit, but an active Roger checking account is required)
Evergreen Wealth • High Yield Savings • 5.00% ($25k min)
AlumniFi Credit Union • AlumniFi Savings • 4.75% ($100k+), 4.50% ($25k), 4.25% (no min)
SBT (State Bank of Texas) • Jumbo Money Market • 4.65% ($100k min, new money only)
Neighbors Bank • Neighbors Savings Account • 4.60% (▼15 bps) (up to $250k) (no min opening deposit)
Pibank • Pibank Savings • 4.60% (no min or min opening deposit) (no rate guarantee)
OMB Bank • High Interest Online Savings • 4.56% ($5k min opening deposit)
FitnessBank • Fitness Savings Account • 4.55% ($250k max), ($100 min opening deposit)
FVCbank • Advantage Direct Savings Account • 4.55% ($250k max), ($100 min opening deposit) • New accounts only
TIMBR • TIMBR High Yield Savings • 4.55% (no min) ($1k min opening deposit)
Peak Bank • Envision High-Yield Savings • 4.54% (up to $10m), 2.02% ($10m+) (no min opening deposit)
LendingClub • LevelUp Savings • 4.50% (no min or min opening deposit) • requires minimum deposit(s) of $250 each month
Poppy Bank • Poppy Premier Online Savings • 4.50% ($1k min)
First Foundation Bank • Online Money Market Account • 4.50% ($1k min opening)
First Foundation Bank • Online Savings • 4.50% ($1k min opening)
BrioDirect • High-Yield Savings • 4.50% (▼5 bps) ($5k min opening deposit)
TotalDirectBank • Direct Money Market Deposit Account • 4.47% (▼4 bps) ($2.5k min), ($25k min opening deposit)
Climate First Bank • Choice Personal Money Market • 4.46% (all balances), ($50k min opening deposit)
Vio Bank • Cornerstone Money Market • 4.46% ($100 min opening deposit)
Newtek Bank • Personal High Yield Savings • 4.45% (no min opening deposit)
RECENT CHANGES
Rate Increase
Fieldpoint Private • Max Savings • 4.03% (▲11 bps)
Rate Decrease
Brilliant Bank • Surge Money Market Account • 4.40% (▼10 bps)
Western Alliance Bank (Raisin) • High-Yield Savings Account • 4.25% (▼5 bps)
Western Alliance Bank • High-Yield Savings Premier • 4.25% (▼5 bps)
Liberty Savings Bank (Raisin) • High Yield Savings Account • 4.11% (▼10 bps)
Popular Direct • Popular Direct Select Savings • 4.10% (▼10 bps)
CIT Bank • Platinum Savings • 4.10% (▼20 bps)
Removal, No Longer Offered
dr bank (Raisin) • High Yield Savings Account • 4.22%
First Community Bank (Raisin) • High Yield Savings Account • 4.15%
Note: Unlike most bank/credit union websites, Raisin removes products in anticipation of a rate change. A product not listed on the Raisin website today may show up tomorrow with a new rate.
SPREADSHEET
The attached spreadsheet lists the 100 current best rates offered on nationally available savings accounts and Money Market accounts as of March 21, 2025.
