Deposit Diary Daily #345

Best Nationally Available Savings/Money Market Accounts (2 May 2025)

What’s Happening

First the good news – the Neighbors Bank Savings Account APY is still 4.60%.

Now the not-so-good news – a new Neighbors Savings Account cannot be opened at this time, but Neighbors Bank is putting a positive spin on this limitation.

First, some bad news: We're currently not accepting new Neighbors Savings accounts. BUT now some good news: You can be the first to know when our competitive rates are available. Enter your email address and get ready to stake your claim on a better savings account.

Thanks to Deposit Quest subscriber, Darlene Houchin, for posting this information.

Current Top Rates

Listed below are the 20 highest-rate nationally available savings accounts and Money Market accounts as of May 2, 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) • N.B. No ACH (in or out) or Plaid transfer available for Elite Money Market

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)

Pibank • Pibank Savings • 4.60% (no min or min opening deposit) • N.B. No ACH available for Pibank Savings.

OMB Bank • High Interest Online Savings • 4.56% ($5k min opening deposit)

FitnessBank • Fitness Savings Account • 4.55% ($250k max), ($100 min opening deposit)

SBT (State Bank of Texas) • Jumbo Money Market • 4.54% ($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)

FVCbank • Advantage Direct Savings Account • 4.45% (▼10 bps) ($250k max), ($100 min opening deposit) • New accounts only

Peak Bank • Envision High-Yield Savings • 4.44% (▼10 bps) (up to $10m), 2.02% ($10m+) (no min opening deposit)

First Internet Bank • Money Market Savings • 4.42% ($1m+), 3.61% (up to $1m), ($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)

Openbank • High Yield Savings Account • 4.40% (all balances), ($500 min opening deposit)

Poppy Bank • Poppy Premier Online Savings • 4.40% ($1k min)

First Foundation Bank • Online Savings • 4.40% ($1k min opening)

RECENT CHANGES

Newly Added

• NexBank (Raisin) • High Yield Savings Account • 4.35% ($1 min)

Rate Increase

• First Community Bank (Raisin) • High Yield Savings Account • 4.30% (▲4 bps)

• The State Exchange Bank (Raisin) • High Yield Savings Account • 4.26% (▲36 bps)

Rate Decrease

• FVCbank • Advantage Direct Savings Account • 4.45% (▼10 bps)

• Peak Bank • Envision High-Yield Savings • 4.44% (▼10 bps)

• Vio Bank • Cornerstone Money Market • 4.36% (▼5 bps)

• BrioDirect • High-Yield Savings • 4.35% (▼10 bps)

• Live Oak Bank (Raisin) • High Yield Savings Account • 4.30% (▼5 bps)

• ICON Business Bank (Raisin) • Money Market Deposit Account • 4.24% (13 bps)

• drBank (Raisin) • High Yield Savings Account • 4.19% (6 bps)

• Live Oak Bank • Personal Savings • 4.10% (10 bps)

• Republic Bank of Chicago • Digital Money Market • 4.04% (11 bps)

Removal, Rate Drop

• North American Savings Bank • E-Savings • 4.00% (▼10 bps) ($10k min opening)

Removal, Uncompetitive Rate

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

Removal, Availability

• Neighbors Bank • Neighbors Savings Account • 4.60% (up to $250k) (no min opening deposit)

SPREADSHEET

The attached spreadsheet lists the current 100 best rates offered on nationally available savings accounts and Money Market accounts as of May 2, 2025.

Dq Liquid Rates 2 May 2025

23.9KB ∙ XLSX file

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