Deposit Diary Daily #324
Best Nationally Available Savings/Money Market Accounts (11 April 2025)
What’s Happening
Roger Bank lowered the rate on its Savings account to 4.65%, a significant drop of 35 bps.
Evergreen Wealth (a fintech partnered with Coastal Community Bank) has the last remaining savings account offering 5.00%.
My Banking Direct (a service of Flagstar Bank) is no longer accepting applications on a nationwide basis. “Customers living near any Flagstar Bank branch location may not be eligible” (determined by Zip Code). This includes much of the Atlantic coast in South Florida. Residents in the New York City metro area are also prohibited from opening a My Banking Direct account.
Current Top Rates
Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of April 11, 2025. The links go to either the product’s landing page or the financial institution’s rate page.
Evergreen Wealth • High Yield Savings • 5.00% ($25k min)
AlumniFi Credit Union • AlumniFi Savings • 4.75% ($100k+), 4.50% ($25k), 4.25% (no min)
Roger Bank • Savings • 4.65% (▼35 bps) (up to $250k) (no min or min opening deposit, but an active Roger checking account is required)
SBT (State Bank of Texas) • Jumbo Money Market • 4.65% ($100k min, new money only)
Neighbors Bank • Neighbors Savings Account • 4.60% (up to $250k) (no min opening deposit)
Pibank • Pibank Savings • 4.60% (no min or min opening deposit) (no rate guarantee)
Patriot Bank• Online Money Market • 4.56% (all balances) ($100 min opening deposit)
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)
Poppy Bank • Poppy Premier Online Savings • 4.50% ($1k min)
BrioDirect • High-Yield Savings • 4.50% ($5k min opening deposit)
Presidential Bank • Advantage Savings • 4.50% ($5k min opening deposit) (Advantage Checking required)
Climate First Bank • Choice Personal Money Market • 4.46% (all balances), ($50k min opening deposit)
Newtek Bank • Personal High Yield Savings • 4.45% (no min opening deposit)
First Internet Bank • Money Market Savings • 4.42% ($1m+), 3.61% (up to $1m), ($100 min opening deposit)
Vio Bank • Cornerstone Money Market • 4.41% ($100 min opening deposit)
TotalDirectBank • Direct Money Market Deposit Account • 4.41% (▼6 bps) ($2.5k min), ($25k min opening deposit)
LendingClub • LevelUp Savings • 4.40% (no min or min opening deposit) • requires minimum deposit(s) of $250 each month
RECENT CHANGES
Rate Increase
Shelby State Bank (Raisin) • High Yield Savings Account • 4.20% (▲6 bps)
Rate Decrease
Roger Bank • Savings • 4.65% (▼35 bps)
TotalDirectBank • Direct Money Market Deposit Account • 4.41% (▼6 bps)
Patriot Bank • Online Money Market • 4.49% (▼16 bps)
Rising Bank • High Yield Savings • 4.30% (▼10 bps)
Generations Bank (Raisin) • Money Market Deposit Account • 4.29% (▼2 bps)
drbank (Raisin) • High Yield Savings Account • 4.25% (▼5 bps)
mph.bank (Raisin) • High Yield Savings Account • 4.21% (▼10 bps)
mph.bank (Raisin) • Money Market Deposit Account • 4.06% (▼10 bps)
Veritex Community Bank • Max Savings • 4.05% (▼20 bps)
Liberty Savings Bank (Raisin) • High Yield Savings Account • 4.01% (▼10 bps)
Virtual Bank • eMoney Market Special • 4.00% (▼25 bps)
Removal, Not Currently Available
Patriot Bank NA (Raisin) • Money Market Deposit Account • 4.30%
Sterling Federal Bank (Raisin) • Money Market Deposit Account • 4.30%
Removal, Rate Drop
Northern Bank Direct • Money Market Premier • 3.75% (▼25 bps)
SPREADSHEET
The attached spreadsheet lists the 100 current best rates offered on nationally available savings accounts and Money Market accounts as of April 11, 2025.
Hi Kent. I am sure you have seen by now that TIMBR lowered to 4.40% APY today.