Best Savings Accounts Of 2018

Banks Editorial Team · November 11, 2018

The 5 best savings accounts of 2018 are Marcus by Goldman Sachs, FNBO Direct, Ally Bank, CIT premier high yield, and Synchrony high yield. These accounts offer APYs between 1.90% and 2.15%, with all having great online services and low fees.

 

 

The Best Savings Accounts of 2018 and Why

In today’s world, people want security and ease of use. That’s why all the best savings accounts of 2018 offer online banking and can be opened online. Other measures of standard for the best savings accounts of 2018 include low or no minimum deposits and no monthly fees. With such great features available, one can park money and patiently profit!

The five best saving accounts of 2018 are:

5. Marcus by Goldman Sachs savings account

Marcus by Goldman Sachs savings account offers one of the highest APY at 2.05%, compounding daily, which earns it the #5 spot on the five best savings accounts of 2018. No fees are charged and there is no minimum deposit is required (although the minimum deposit to earn interest is $1). Being a solely online bank, customers must have a pre-existing online banking service in order to transfer funds in and out. The bank has no ATMs or apps, but an account can easily be started online.

4. FNBO Direct savings account

This account also offers a very high APY at 2.0%. FNBO is short for First National Bank of Omaha. FNBO has branches in seven states in the US and has earned its notoriety as one of the older banks out there. The minimum deposit for opening a nFNBO savings account is just $1, and with no fees or minimum balances, FNBO is deserving of the #4 spot on the 5 best savings accounts of 2018. Don’t let the size fool you, as FNBO has top-notch online security and easy transfers using the service Popmoney.

3. Ally bank savings account

Ally Bank is FDIC secured with a robustly built website with responsive mobile support, earning it the #3 spot on the 5 best savings accounts of 2018. With a very highly rated mobile banking system including the check deposit service Ally eCheck Deposit, Ally is great for those who make most deposits on a mobile phone. Ally bank offers high-interest rates for savings accounts at an APY rate of 1.90%. You find any monthly fees or minimum deposits at Ally bank either.

Use the calculator below to find out your earnings at an APY of 1.90%.

 

 

2. CIT premier high yield savings account

Another FDIC secured savings account, this bank offers an APY of 2.15%, compounding daily, one of the highest APY offerings of the best savings accounts of 2018. CIT premier high yield savings account requires a $100 minimum deposit, however, no minimum balance is required. With easy to open accounts accessible 24/7 online, CIT premier high yield savings account earns the #2 spot on the 5 best savings accounts of 2018.

1. Synchrony high yield savings account

Synchrony high yield savings account has an APY of 1.90%, no monthly fees, and no minimum balance. Synchrony has the highest APY of the savings accounts that have no minimum balances and monthly fees, earning it the #1 spot on the 5 best savings accounts of 2018. Also, after maintaining the account, customers are eligible to perks such as travel discount. Synchrony is also FCIC secured and requires a minimum deposit on only one cent.

 

 

You may also like

  • Interest rates aren't at pre-recession levels yet but you can take advantage of online savings accounts with high interest rates in 2018. We all know the sad reality that savings accounts interest rates are historically…

  • Opening a savings account is super easy these days. However, it's important to understand some steps to identify the right one for you. Savings accounts provide you with the ability to earn money on your…

  • It may be difficult to decide among the top savings accounts out there. But that's not a good excuse not to open one, as a savings account is an everyday essential for good financial management.…

  • We can give you top reasons to open a savings account today. We’ve all been told since we were young that part of being an adult and becoming independent is by opening a savings account.…