Best savings account on Reddit

218 reviews from r/Banking, r/AusFinance, r/irishpersonalfinance and 33 more subreddits

218 reviews from

and

By Brand

By Product

Wealthfront

4.5

(13)

"Wealthfront has a cash account with 4.00% HYSA and if you use the referral code you get an extra .50%."

"Wealthfront is by far the best HYSA in my opinion."

"Use this link to open a Wealthfront Cash Account. Once you fund it, you’ll get a 0.50% APY boost!"

"Check out the Wealthfront Cash Account. It has no minimum deposit or monthly fees and only requires $1 to open."

"Use this link to open a Wealthfront Cash Account. Once you fund it, you’ll get a 0.50% APY boost!"

"Get 5% for just sitting there"

"Still one of the best APY you’re gonna find."

"Is at 4% right now."

"Is at 4.00%."

"Is the answer."

Ubank

4.8

(10)

"UBank, definitely. 5.10% p.a bonus interest rate if you deposit $500 a month."

"Second this. Ubank has been awesome and the $500 deposit condition is so simple and easy to satisfy compared to other banks."

"UBank is the way to go."

"Ubank offers 5.5% if you deposit $500 each month"

"UBank has 5.5% up to $100k, 5% for the remaining up to $250k."

"Ubank is one of best best a moment, not having to grow balance each month."

"Ubank 5.5% have the best rates for accounts that don't need you to grow the balance."

"UBank is 5.5%, but you have to deposit $500 per month."

"Apply for Ubank."

"Seems like you are a resident as you reside here. Apply for Ubank."

Ally

4.3

(9)

"I like Ally. It has buckets to segment savings."

"Ally, Discover, Capital One are the 3 best for ease of use."

"Ally offer very good customer service."

"Also have had a good experience with Ally."

"Currently is sitting at 3.8%."

"The best long term accounts I've found are Ally, Capital One."

"Ally and Marcus offer really competitive rates."

"I like Ally's Savings buckets. It allows earmarking savings."

"Decent"

SoFi

4.0

(8)

"SoFi offers one of the best APY right now - 4.50%."

"The SoFi high yield savings account (HYSA) is fantastic. No minimum and an interest rate of 4.60%."

"I use SoFi HYSA. Recently dropped from >4% to 3.8%."

"I use SoFi because they had the best rates at the time."

"I’ve been using Sofi but they just dropped their rate to 3.8% :("

"I really like SOFI."

"Is pretty good and highly rated."

"I would NOT recommend Sofi unless you are making a lot of money, as you have to make $5000 of direct deposits every month to qualify for their 4.6% APY."

Marcus by Goldman Sachs

4.0

(7)

"Marcus by Goldman Sachs."

"I also just opened a Marcus GoldSach's savings account."

"Marcus by Goldman Sachs also offers 4.25% for 3 months with a referral code."

"Fast transfers between them and your main account."

"Their current rate is 3.9% APY plus a 0.25% cash bonus."

"I've had a great experience with Marcus by Goldman Sachs for years now."

Savings Account

4.5

(6)

"WELL i can vouch for IDFC bank, it’s one of the best."

"Ally!"

"Meezan gives 11.5??"

"Suncorp was the best option when we opened 4 or 5 years ago. They’re currently about number 3 in best interest rate."

"Mari Saving account or Mari Invest"

"Maribank? marinvest offer up to 3.6-3.8% paid daily."

Capital One

3.9

(7)

"App is easy to use and it has a lot of other perks as well."

"It tends to be pretty competitive with many of the other "major" HYSA names."

"Have decent interest rates."

"Capital One offers a 3.80% APY as of now, with no minimums and no monthly fees."

"You should go with a big bank like Discover or Capitol One (both at ~4.25% right now I think)."

"Decent"

"Capital one pays me 3.8% but more flexibility of using funds."

T212

4.2

(6)

"Best options include: - T212 @ 3.70%."

"5.1 is the best therr is"

"I think it's great. It's nice to see 5.1% daily interest coming in."

"I have my emergency funds parked in T212 cash ISA, which is great for rainy day payments."

"T212 is another viable option for earning interest on savings."

"Only guarantees 20,000, which is a concern."

American Express

4.6

(5)

"If you already use Amex for a credit card, their HYSA should fit nicely."

"I use AMEX for HYS. They’re always competitively priced and great UI."

"Had the Amex one for 5 years and never once spoke to a person lol everything just worked and was able to fully manage everything myself online."

"Has a high yield savings account at over 4%."

"I liked the high return rate and ease of use."

#10

Revolut

4.4

(5)

"Revolut is probably the best Irish bank to keep savings at the moment."

"I use Revolut. 3% interest."

"REVOLUT , EBS, CREDIT UNIONS (based on this order)"

"Try revolut or kit, they have teens accounts"

"Revolut has a great interest rate, making it a good option for savings."

#11

Amex

4.4

(5)

"If you want to keep your banking products together"

"Amex is fine."

"I tend to just keep my HYSA with AMEX since that’s who I have all my cards with and I like their customer service."

"I’ve been very happy with Amex."

"AMEX HYSA is one of the best but the rate might not be as high."

#12

ING

4.2

(5)

"ING and BOQ have 5.5%. ING on balances up to 100k."

"Why wouldn't you just open a normal savings account somewhere with high interest (ING 5.5% at the moment)?"

"ING direct for every day stuff and overseas (very useful for this) and then UBank for the easy no strings attached kinda savings accounts."

"I am mostly using ING Extra-Konto with promotional rates."

"Ing is a solid bank, and all together a decent option also for savings."

#13

Macquarie

4.2

(5)

"Macquarie. 5% no hoops."

"I moved to Macquarie a little while ago. At the time the transaction account had the same interest as the savings account."

"The Transaction account has a debit card and a competitive interest rate of 4.75%. The Savings account offers an introductory rate of 5.35% for the first four months, and both accounts have an excellent user interface."

"Macquarie is pretty good?"

"Macquarie offers better interest rates for kids over 12."

#14

Trade Republic

3.8

(5)

"Prefer Trade Republic for the simple reason interest is earned on a daily basis."

"- Trade Republic @ 3.25% up to 50k"

"I use trade Republic and just leave the money in cash there. 3.75% interest rate paid out monthly."

"With instant access"

"Concerned by some reviews/conversations"

#15

Fidelity

4.8

(4)

"I third this. I use fidelity as a combo HYSA and brokerage."

"Same here. Fidelity rocks!"

"I'm a fidelity fanboy. I use them for as much as I can."

"Fidelity Core position will earn pretty competitive interest."

#16

EQ Bank

4.5

(4)

"Look into EQ bank there rates are higher than wealthsimple."

"High-interest savings account is a good idea, consider EQ Bank or Tangerine."

"EQ Bank or Wealthsimple are popular options."

"EQ Bank is offering 4% on their HISA if you put your direct deposit pay there."

#17

Great Southern Bank

4.5

(4)

"Good rates for the first $5k."

"The Youth eSaver Account offers great interest rates and is perfect for teaching kids about saving."

"Linked to our account."

"No fee and good interest for the first $5k."

#18

Cimb

5.0

(3)

"3.5% interest flat from your 1st dollar with no hoops to jump through."

"Good"

"Convenience (easily withdrawable)"

#19

Kotak

5.0

(3)

"Using an SBI debit card for 3 years earned good reward points."

"Kotak 811 is the best zero balance account for day to day transactions."

"I have Kotak 811 and Sbi both are really amazing but I prefer kotak as it's almost always active."

#20

HYSA

4.3

(3)

"Start an HYSA (high yield savings account) and do not touch this money until you have 3-6 month’s expenses covered."

"Cash should be in HYSA."

"Leave 236k at ~4.5% HYSA and make around 10,620 just on that essentially risk free interest."

#21

Marcus

4.3

(3)

"Reliable, supposedly good customer service, easy UI, no weird notarization stuff to sign up"

"I chose Marcus because I had heard of GS."

"The Marcus is a good saving account with a decent interest rate of return."

#22

Uob

4.3

(3)

"Good"

"UOB ONE is also a good option for high yield savings."

"Great interest rates if you can meet the milestones."

#23

Discover

4.3

(3)

"Discover offer very good customer service."

"If you already bank with Discover you could just stick with them. They offer a pretty good high yield savings account."

"Decent"

#24

Bpi

3.0

(4)

"Bpi or bdo since available atm nila everywhere"

"Okay naman ang BPI at very accessible and user friendly ung kanilang BPI mobile apps"

"Sa bpi naman medyo mataas yung maintaining balance but has good feedback"

"Dili ko mo recommend ug BDO kay daghan ug pangutana ug ang incoming funds dapat sakto sa imo gi declare"

#25

Chocolate Finance

4.0

(3)

"Chocolate Finance is pretty good for savings with a promotional interest of 4.2%."

"My family each puts 20k into Chocolate Finance. Supposedly guaranteed 4.2% till end of year."

"Chocolate Finance until their 4.2% for the first 20k promo runs out."

#26

Zurich

5.0

(2)

"Expected to grow much more"

"Managed investment options for your children"

#27

Ocbc

5.0

(2)

"OCBC 360 Account is the most 'modular' account."

"A good thing to have"

#28

Cibc

5.0

(2)

"Higher interest"

"5.6% for 4 months"

#29

CIT Bank

4.5

(2)

"Super easy to open an account and APY is 4.25 -4.5, no issue with transferring money."

"@ 4.35%."

#30

529

4.5

(2)

"A 529 is the way to go"

"I still like 529, especially if your state offers deductions; and everything grows either tax free (for education) or tax deferred."

#31

bunq

4.5

(2)

"It's the best interest rate at present"

"Great account with good interest rate and minimal maintenance."

#32

Vanguard

4.5

(2)

"We set up a bank account for each kid at birth, and then a Vanguard account."

#33

Trading 212

4.0

(2)

"4.5 aer. Atom instant saver is 4.75 aer."

"High interest rate and 1% reward on net deposits."

#34

Premium Bonds

4.0

(2)

"We did premium bonds"

"Premium bonds?"

#35

Raisin

4.0

(2)

"Using Raisin and have had no issues."

"Raisin offers competitive interest rates for savings."

#36

Maribank

4.0

(2)

"Maribank offers 2.5% per annum interest."

"2.5% interest, just a normal saving account."

#37

Betterment

4.0

(2)

"Which is right at 4% at the moment."

"I happily use betterment, no issues ever and 4.0% at the moment."

#38

Bask Bank

4.0

(2)

"I use Bask Bank and they have a high interest savings account at 4.35%."

"Bask Bank"

#39

Wise

4.0

(2)

"Is currently 4.2% (after fees)."

"Wise offers a competitive interest rate of 3.8%."

#40

Habib Metro

4.0

(2)

"They were giving 21.5% when rates were high enough."

"Habib Metro has been good."

#41

OCBC

4.0

(2)

"The OCBC 360 account offers great bonuses for regular contributions and salary credits."

"OCBC 360 can be a joint account and offers high yield savings."

#42

Seabank

4.0

(2)

"Seabank,Go tyme & Maya👌"

"Seabank, Go tyme & Maya👌"

#43

TymeBank

4.0

(2)

"Chuck it in a TymeBank Goal Save."

"You can get 11% with TymeBank if you give 10 days notice before withdrawal."

#44

HDFC

4.0

(2)

"Make a FD in HDFC itself."

"HDFC or ICICI savings account, convert to NRE and NRO when you move."

#45

CIT

3.5

(2)

"I use CIT bank."

"Which is 4.35%."

#46

Tide

3.5

(2)

"Is 3.8% instant access."

"But the rate has dropped from the initial 5%."

#47

Junior ISA

3.5

(2)

"The highest cash Junior ISA interest rate is currently 4.75%."

"Definitely what I read is that the Junior ISAs are only worthwhile in certain circumstances and they don't allow you to access the money early."

#48

Booster Savvy

5.0

(1)

"Booster Savvy is one of the best, 4.25% p.a. at the moment."

#49

Marcus by Goldman

5.0

(1)

"Marcus by Goldman is great! They have competitive rates, FDIC I insured, easy to move money and their app works great."

#50

Pibank

5.0

(1)

"The highest yield I have found was Pibank at 4.6%."

#51

PF

5.0

(1)

"I'm with PF, 8.50% at current."

#52

Santander

5.0

(1)

"As a starting point you could put it in the Santander Edge Saver at 6%."

#53

Chip

5.0

(1)

"Chip Instant Access is great. High interest rate, great app and instant access."

#54

DBS

5.0

(1)

"I would recommend either DBS Multiplier Account or OCBC 360 Account."

#55

KhushHali Bank

5.0

(1)

"The best conventional bank is KhushHali bank, they are offering 16% on their bachat plus account."

#56

Asaan Account

5.0

(1)

"Open Asaan Account in different banks, all have 15% + Profit, keep 1m in each account."

#57

South Indian Bank

4.0

(1)

"Gives a prime membership for families."

#58

TreasuryDirect

4.0

(1)

"We have an account with the treasury through treasurydirect.gov."

#59

EBS

4.0

(1)

"Do a free current account."

#60

AXOS

4.0

(1)

"AXOS is back up to about 4.8%- cons- no physical bank."

#61

Valley Direct

4.0

(1)

"I saw Valley Direct is at 4.80% APY - does anyone have any experience with them?"

#62

Keytrade Bank

4.0

(1)

"Usually has some good interest rates."

#63

Schwab

4.0

(1)

"I keep my cash in their SWVXX Fund. 7-Day Yield (with waivers) is 4.45%."

#64

Forbright Bank

4.0

(1)

"Has 4.25%."

#65

All America Bank

4.0

(1)

"Check out All America Bank and it's sister bank Redneck Bank."

#66

Rabobank

4.0

(1)

"Rabobank or Booster."

#67

Discover Bank

4.0

(1)

"At 3.75% APY, no fees, and no minimum deposit."

#68

PIE Savings Account

4.0

(1)

"Lower taxes so higher effective interest rates."

#69

S&P 500

4.0

(1)

"Long term returns favor equities."

#70

Ally, Marcus, Chase

4.0

(1)

"Ally and Marcus give pretty good rates."

#71

SSB

4.0

(1)

"Lock in interest rates for 10 years."

#72

Axis

4.0

(1)

"I have axis liberty savings account and i opened it on April and maintained around 40k."

#73

Mahaana

4.0

(1)

"Mahaana islamic cash fund (MICF)"

#74

Fullerton

4.0

(1)

"The interest rate is floating and is currently around 3.1%."

#75

N26

4.0

(1)

"N26 Metal, 3% at the moment."

#76

ING Bank

4.0

(1)

"They pay good rates without it being a term deposit."

#77

Lending Club

4.0

(1)

"Is 4.6% any month you add $250 or more."

#78

Nordax

4.0

(1)

"- Nordax via Raisin @ 3.25% up to 85k"

#79

CommBank

4.0

(1)

"CommBank Dollarmites!"

#80

SBI

4.0

(1)

"If ur mom is ok with it, go for SBI."

#81

Canara Bank

4.0

(1)

"I hv both and felt canara bank is easy and smooth in operations."

#82

Neo Financial

4.0

(1)

"Neo financial will take 13 year olds outside of quebec and pay 4% interest on their savings account."

#83

HSBC Everyday Global Account

4.0

(1)

"You could try HSBC and their everyday global account which will allow you to have an AUD account."

#84

CBQ

4.0

(1)

"Wife opened a savings account with CBQ a couple of weeks ago."

#85

RSA Retail Bonds

4.0

(1)

"RSAretail bonds"

#86

RCBC

3.0

(1)

"Okay din ung RCBC ang maintaining balance usually naman ay 2k."

#87

Atom

3.0

(1)

"3.25 no?"

#88

BDO

2.0

(1)

"May mga negative feedback po kasi sa bdo and gotyme (like pangit customer service or mahaba lagi pila)"

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