Best savings account on Reddit

"Long term investment in Stocks ISA is beneficial, with a small portion in cash for low risk."

"The rainy day fund in T212 invest account allows easy access to cash."

"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."

"I personally gave some cash in the Revolut savings account."

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

"Great opportunity to earn cash bonuses with a high-yield savings account."

"4.40% interest with a 0.25 cash bonus at the end of each month. Some of the best rates I've seen."

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

"Free wire transfers"

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

"Good"

"Convenience (easily withdrawable)"

"Around 2.5%, sometimes higher with their promos and free pesonet transfers to banks"

"They have a nice app, a great 5% APY (5.5% with referral), no minimum, and no monthly fees."

"I've been really pleased with Wealthfront. It's currently at 5.0% APY but goes up to 5.5% with the referral link. I particularly like the "[categories](https://support.wealthfront.com/hc/en-us/articles/360059000652-Categories)" and "[automated savings](https://support.wealthfront.com/hc/en-us/articles/360045189471-Setting-up-your-automated-savings-plan)" features. Essentially you can subdivide your HYSA account into different categories and then split your deposits into those categories with a series of rules."

"Get 5% for just sitting there"

"If you want absolute minimal functionality and the highest interest rate, you can go with Wealthfront (~5% APY right now)."

"If you are after an HISA that pays meaningful interest rate without hoops, you could consider Macquarie."

"Offers a competitive interest rate of 4.65% p.a. for balances up to $1,999,999.99."

"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 offers better interest rates for kids over 12."

"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."

"Premier Dividend Solutions is a good choice for premier members."

"Bonus Plus Savings Account is suitable for excess funds above 100k."

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

"Best interest rate at 3.75% with 1% saveback, insured up to 100K."

"With instant access"

"Concerned by some reviews/conversations"

"Ally offer very good customer service."

"Ally is a great choice for a bank if you don't need physical branches. Their High Yield Savings is currently paying about 4.2%."

"Decent"

"Ally's getting more and more flaky."

"A Junior ISA is great for long-term savings until adulthood."

"A standard child's savings account allows easy access and teaches kids about saving."

"Notice accounts offer good rates for saving with some restrictions."

"Great interest rate on the first $10K!"

"Great interest rate of 3% on the first $10K!"

"Consider"

"Good"

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

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

"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"

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

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

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

"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 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."

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

"You can open multiple savings accounts, have only one log in/password, and it has instant transfers."

"Decent"

"I prefer the total market index option over target date funds for my kids' college savings."

"I prefer total market index options over target date funds for my kids' college savings."

"Target date funds get too conservative too early."

"Currently using HBL savings account. I think any bank is fine so long as it is conventional savings."

"HBL has been good."

"HBL has been good."

"Offers a competitive interest rate of 5.5% on a minimum balance of 35,000 AED."

"Affordable monthly fee of 49 AED for similar benefits."

"Offers a competitive interest rate of 5.5% on a minimum balance of 35,000 AED."

"I use Revolut. 3% interest."

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

"T212 takes too many days to withdraw cash."

"Expected to grow much more"

"Managed investment options for your children"

"If you want to keep your banking products together"

"Amex is fine."

"Higher interest"

"5.6% for 4 months"

"The Trust Bank saving account offers a great interest rate of 2.25% with minimal requirements."

"Trust Bank, surprisingly. It gives good rates up to $500K."

"A Stocks and Shares JISA invested in safe global funds is a great option for long-term savings."

"It's a good way to save for my toddler, but the interest rate is low."

"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."

"Vanguard offers a great option for kids' ETF accounts, allowing for tax payments and transfers at age 18."

"She was so happy when that first $500+ interest hit her account after the first month."

"The ISA is a great long-term saving option, especially since it can't be touched until the age of 18."

"The 123 mini account offers a great interest rate of 3% on balances between £1500-£2000, making it a solid choice for saving."

"Getting over 8% in interest per month on my savings account is fantastic!"

"I get 5% interest for keeping a positive balance on my transaction account, I get 7% on my savings account."

"Group stash feature"

"Free Instapay transfers to other banks"

"Fuss free and no minimum deposit for 2.7%."

"MariBank offers a competitive savings rate of 2.7%, which is appealing compared to other options."

"Using Raisin and have had no issues."

"Raisin offers competitive interest rates for savings."

"Cash should be in HYSA."

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

"UOB Stash offers a competitive EIR of 3% for a balance of 100k, with a condition on monthly average balance."

"The UOB One account is quite good."

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

"Offers 4.2% interest on uninvested cash, insured up to 20K with additional private insurance of up to 1M."

"A useful app for comparing monthly interests across different account balances."

"A useful app for comparing monthly interests across different account balances."

"Habib Metro has been good."

"Habib Metro has been good."

"The app works well, just sometimes it logs you out. Still much better than Alfalah."

"The app works well. Just sometimes it logs you out. Still much better than Alfalah."

"Provides good interest rates for short-term investments."

"Syfe cash is pretty good! Their 3 month is 3.7% per annum."

"UBL's app is cosmetically pleasing and functional but lacks some features."

"UBL's app is cosmetically pleasing and functional but lacks some features."

"Credit karma savings account gives you 5.10% and you can move the money whenever you want."

"It comes with 5% (variable) annual interest and it lasts until 23 and can be opened by anyone under 18."

"Alliant Credit Union has one for 12 months 5.20% APY ($75,000), 18 months 4.85% APY ($75,000), 24 months 4.30% APY."

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

"ME bank 5.5%p.a"

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

"Laurel road is one of the highest I hear about."

"Rambo bank at 5.75%."

"A great deal with 2.25% interest without salary credit."

"The Cahoot Sunny Day Saver is a great primary buffer for savings."

"Best savings account is a pension. You get tax relief and nearly 60 years of compounding."

"No maintaining balance and valid IDs lang need."

"Great article comparing savings options for kids."

"FSC's protected ISA is one of the best options for savings."

"MeDirect Essential @ 2.8% was the quickest, hassle free option for me. Belgian bank, no monthly max deposit, etc."

"Offering high interest rates paid twice per year."

"I would recommend setting up a Chime bank account and having a certain amount direct deposited in there. You can save it, spend it, build your credit with it etc."

"Increasing retirement contributions is a smart financial move."

"High interest rate"

"Malataas ang interest na you can earn with your savings and you can open a subaccount to allocate your money."

"10%-14% interest"

"Dividend yield is at 6%-7%"

"6% for 5 months"

"Easy to transfer back and forth"

"Long-term account"

"Started using them this year for my business savings account."

"Bank savings accounts"

"Simple product"

"Real time, pinaka dugay siguru paabot naku kay 2 hours gikan pag receive naku sa notif about bank/fund transfer"

"A good thing to have"

"Put it in an S&P 500 index fund"

"If you want to get 0.70% higher (5.05%) APY on your deposit"

"Easy transfers to UNO, CIMB, BPI and MayBank"

"Approved"

"Currently at 5.25%"

"Time deposits up to 6+% and u can choose how long you leave it in TD"

"Transfer money from gcash to bpi"

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

"Put up to 150k in UOB One earning 4% (requires salary credit and 500 card spend)"

"T-Bills are still good rate and safe."

"SSBs and T-Bills are initially complicated but become hassle-free investments."

"CIMB FastSaver offers a realistic interest rate of 1.50%-2.20%."

"Money market mutual funds provide a good alternative for investment, especially with rates up to 3.5%."

"High yield bank accounts are a reliable choice for keeping money safe while earning interest."

"Monzo offers a great savings pot with 4% interest, allowing for flexible access to funds."

"The interest rate is attractive at around 7%, making it a good choice for saving."

"A good option for savings with competitive rates."

"Offers an 8.7% interest rate with instant access to funds."

"No fees and decent interest, but the 5k cap is an issue."

"The Halifax kids monthly saver is a great way to save for kids, allowing family contributions easily."

"Nedbank's Just Invest account offers easy access to funds with up to 8% interest."

"Moneysavingexpert is a great resource for comparing all the different options out there. I signed my daughter up for a Virgin Money account in 2022 as that was the best option at the time, interest was something like 6% and you can access the money easily."

"Offers competitive interest rates for fixed deposit-like products."

"Potentially offers a slightly higher interest rate than Standard Bank."

"SGOV is a conservative option for bond funds."

"You get around 9% in a 32 notice account with Discovery."

"Using the Cash ISA as a secondary buffer is a smart choice."

"Better yields than a bank savings account, with the ability to withdraw cash within 24-48 hours."

"Their monthly charges are low and the interest on their fixed savings is pretty good."

"Unit trusts are a good option for long-term investments."

"A 30 day notice account is another option to consider for savings."

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

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

"Pretty satisfied with it."

"The zero bank fees might help to not eat away any interest accrued."

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

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

"Investments in indexed mutual funds are recommended."

"S&P 500 is a good aggressive fund option."

"VTSAX is a total stock market fund."

"Most of the recommendations on this post are solid"

"Good alternative"

"It's a good way to save for my toddler, but the interest rate is low."

"Westpac is a good option, but Macquarie is better for interest."

"Very safe"

"Not a fan of junior accounts due to automatic control at 18."

"Joint accounts may not be optimal for maximizing interest rates."

"While stocks and shares are a good option, I wouldn't recommend junior ISAs as kids may not manage money well."

"The interest rates are only applicable to incremental funds and have specific conditions."

"My MIL kept going back and forth and felt some weird relationship with Wells Fargo that was plain stupid."

"Their app is absolutely horrible. Not just my experience others I know also hate it."

"Their app is absolutely horrible. Not just my experience others I know also hate it."

"Worst"