Deposit Diary Daily #338

Best Nationally Available Savings/Money Market Accounts (25 April 2025)

What’s Happening

Deposit Quest subscribers, midas89 and Denkey, have provided very important information about the OnPath Federal Credit Union Elite Money Market and Pibank Savings Account, respectively. (You can read their complete comments in last week’s Liquid Summary.)

OnPath Federal Credit Union Elite Money Market

If you open up the Elite Money Market account, there is no direct account number assigned to that account. So, you cannot directly ACH into or out of that account, initiated at your external banks. You are required to open up their regular savings account as well when you are granted membership. You can ACH to and from this regular savings account via your external banks, thus you'd have to do internal transfers each time utilizing the regular savings account. But, you need to read the following if you have an external bank that does not offer the microdeposits option for linking.

You cannot do direct Plaid linking to either the regular savings account or, of course, to the Elite MM account. So, if you have an external account that does not utilize the microdeposits option for linking, you cannot link to Onpath regular savings or Elite MM via Plaid. There is a way to get around this by also opening up an Onpath checking account, which would mean you now have 3 total OnPath accounts. Direct Plaid linking can see the checking account, and once linked, you would be able to ACH in and out to/from Checking, and then do the internal OnPath transfers to/from the Elite MM account.

Pibank Savings Account

Pibank is completely getting rid of ACH as an option for their online savings account. The ONLY way to access your funds is with wire transfers now. Pibank doesn't charge for wire transfers, but almost every OTHER institution does, and since wires are for sending money not pulling, Pibank customers will constantly be paying wire fees every single time they want to bring money into Pibank.

Current Top Rates

Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of April 25, 2025. The links go to either the product’s landing page or the financial institution’s rate page.

OnPath Federal Credit Union • Elite Money Market • 5.00% ($25k min) ($25k min/min opening deposit)

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% (up to $250k) (no min or min opening deposit, but an active Roger checking account is required)

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)

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

Peak Bank • Envision High-Yield Savings • 4.54% (up to $10m), 2.02% ($10m+) (no min opening deposit)

SBT (State Bank of Texas) • Jumbo Money Market • 4.54% (▼11 bps) ($100k min, new money only)

Presidential Bank • Advantage Savings • 4.50% ($5k min opening deposit) (Advantage Checking required)

Climate First Bank • Impact Personal Money Market • 4.46% (all balances), ($50k min opening deposit)

BrioDirect • High-Yield Savings • 4.45% ($5k 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% ($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

TIMBR • TIMBR High Yield Savings • 4.40% (no min) ($1k min opening deposit)

ZYNLO Bank • Money Market • 4.40% (up to $250k), 0.10% ($250k+), ($10 min opening deposit)

RECENT CHANGES

Newly Added

• First National Bank of Brookfield (Raisin) • Money Market Deposit Account • 4.23% ($1 min)

• First Security Bank & Trust Company (Raisin) • Money Market Deposit Account • 4.00% ($1 min)

• Blue Federal Credit Union (Raisin) • Money Market Deposit Account • 4.00% ($1 min)

Rate Increase

• First Community Bank (Raisin) • High Yield Savings Account • 4.26% (▲11 bps)

Rate Decrease

• SBT (State Bank of Texas) • Jumbo Money Market • 4.54% (▼11 bps)

• Poppy Bank • Poppy Premier Online Savings • 4.40% (▼10 bps)

• Bread Financial • High-Yield Savings • 4.35% (▼5 bps)

• Credit One Bank, N.A. • Jumbo High Yield Savings Account • 4.20% (▼5 bps)

Removal, Rate Drop

• DollarSavingsDirect • Dollar Savings Account • 3.75% (▼25 bps)

• Western State Bank • High Yield Money Market • 3.75% (▼25 bps)

• My Savings Direct • My Savings Account • 3.75% (▼35 bps)

SPREADSHEET

The attached spreadsheet lists the current 100 best rates offered on nationally available savings accounts and Money Market accounts as of April 25, 2025.

Dq Liquid Rates 25 Apr 2025

23.9KB ∙ XLSX file

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