Best savings accounts on Reddit
125 reviews from r/FinancialPlanning, r/eupersonalfinance, r/CreditCardsIndia and 22 more subreddits
125 reviews from
and
By Brand
/By Product
#1
Ally
4.9
(7)
"Ally provides competitive rates and user-friendly services."
"Ally Savings has baskets within their savings accounts to separate funds by goal, with a competitive interest rate of 3.75."
"Many banks let you 'bucket' different goals within one savings, making it easier to manage finances."
"Ally savings pays >4% right now, making it a great option for saving."
"The linked checking account with a debit card allows for easy management of funds."
"I've been with Ally for over 10 years, and I have never had a problem, so I'm sticking with them."
"Ally's buckets help in separating money for savings goals."
#2
IDFC
4.0
(4)
"I've had IDFC for a couple of years, the best! Good service, good interest!"
"For savings, you can use IDFC. Monthly interest is there in it."
"IDFC."
"The web and mobile app interface is one generation behind."
#3
Wealthfront
5.0
(3)
"Wealthfront offers great rates and easy access."
"I use Wealthfront because it had the 5% and then I’ve had an extra .5% booster for referring friends."
"I just started using Wealthfront. I’ve found it to be perfect for a first savings account. Right now the APY is 4.05%."
#4
Trading 212
4.3
(3)
"Trading212 offers the highest rate"
"Trading 212 offers 5.2 pa"
"Trading212"
#5
Livret A
4.3
(3)
"We live in France and just opened up one of these. Almost seemed too good to be true. 3% money available any time for withdrawal."
"Interest from LIVRET A account is only tax exempt in France."
"There no age, residency or nationality conditions for holding a Livret A."
#6
Squirrel
4.3
(3)
"I have 4.5% with squirrel cash account"
"Hi, I see Squirrel's On-call Account gets a few mentions in the thread."
"Squirrel on-call is an option. It's not a bank - the money is held with a A+ bank but should have 1 day withdrawals."
#7
Lightyear
4.0
(3)
"Lightyear - 3.00% instant access and 20k protected."
"Go with lightyear for the money you have."
"I'd recommend Lightyear. Pays 2.75% for demand deposit."
#8
Capital One
4.0
(3)
"Capital One provides a rate of 4.35%."
"I have capital one for main emergency funds."
"I ended up with Capital One 360 and I am happy with them."
#9
Amex
5.0
(2)
"Amex is praised for its customer service and accessibility."
"Here to recommend AmEx!"
#10
Marcus by Goldman Sachs
5.0
(2)
"Marcus by Goldman Sachs has been good to me. If interested, my referral link gives you an additional 1.00% on top of the 4.50% APY for your first three months."
"Great interest rates and easy to use!"
#11
Marcus
4.5
(2)
"Marcus is recommended for its competitive interest rates and customer service."
"Marcus has a rate of 4.5% with an additional 1% for 3 months using a referral code."
#12
SoFi
4.5
(2)
"Sofi allows you to create 'vaults' which are like mini savings accounts within your savings account."
"SoFi offers a competitive interest rate of 4.6%."
#13
HYSA
4.5
(2)
"A HYSA or even a brokerage account where you can put it in T-Bills would be fine."
"I would highly recommend a HYSA for saving something like an emergency fund."
#14
YNAB
4.5
(2)
"YNAB is great for allocating money to different savings goals."
"YNAB is a digital envelope budgeting system that allows for flexible savings goals."
#15
Fidelity
4.5
(2)
"Fidelity's SPAXX is at 4.96% right now."
"Their money market is in the upper 4% range"
#16
Vanguard 529
4.0
(2)
"Agreed with Vanguard 529. Additionally, you can contribute to UGMA/UTMA."
"Vangaurd 529 or your states if it offers incentives"
#17
Wise
4.0
(2)
"Revolut and Wise. I would spread between 2-4 different accounts tbh"
"Wise has 3.37 percent EUR savings, that's what I'm using."
#18
Charles Schwab
4.0
(2)
"Can you set up a corporate investment account say at Schwab and invest in money market?"
"Charles Schwab then buy money market fund in GBP"
#19
IndusInd
4.0
(2)
"IndusInd is pretty good. Also, they are running a campaign for good FD rates."
"Indusind"
#20
Trade Republic
4.0
(2)
"Trade Republic is the best option currently"
"Trade republic is what I use at 3% interest and I’m pretty sure you’re covered up to 50,000 but you’ll have to double check 🤝"
#21
HDFC
4.0
(2)
"I’m using hdfc and axis and both are great tbh"
"Hdfc , icici, idfc wil work for you."
#22
529 Accounts
4.0
(2)
"Once that’s addressed, 529s are good and have tax advantages depending on your state to save for their college."
"For college savings, look into 529 accounts."
#23
529 Plan
4.0
(2)
"Set up a 529 plan - split the money between a 529 plan and savings account."
"I think what you might be thinking of are 529 plans."
#24
ICICI
4.0
(2)
"Hdfc , icici, idfc wil work for you."
"ICICI"
#25
Kiwibank
4.0
(2)
"Kiwibank is currently offering 4.6% on their notice saver product."
"You get similar rates to term deposit but it's not locked in."
#26
Live Oak Bank
4.0
(2)
"The ones I can recommend are BlueVine or LiveOak."
"Live oak bank had up to 4.5% for a while. It’s a bit lower now ($3.7%, but they have a $200 bonus on now if you open an account and keep it)."
#27
Discover
4.0
(2)
"I use Discover money market with 4.20% for liquidity."
"Discover is pretty good for a mainstream bank at 3.40%."
#28
Trading212
4.0
(2)
"Trading212 is a reliable trading platform."
"Trading212 offers a 4.2% money secured up to 20k."
#29
UTMA
3.5
(2)
"You can do UTMAs/UGMAs for individual stocks or mutual funds."
"For just money to have, get a UTMA account and invest it in a total market index."
#30
Kraken
3.0
(2)
"You can also have 4% APY on EUR, on Kraken. USD is not the only option."
"Stay away from Kraken staking."
#31
Aldermore
3.0
(2)
"Aldermore offers good rates."
"Aldermore do not have competitive rates, good customer service though."
#32
Bank of China
5.0
(1)
"Bank of China, I think they are the highest term deposit in NZ."
#33
Booster
5.0
(1)
"The interest is currently 4.75%."
#34
Freedom
5.0
(1)
"D-accounts on Freedom give 5%+ for fixed deposits."
#35
Hana
5.0
(1)
"There are accounts through Hana that give between 4.5- 8%."
#36
Business Money Market
5.0
(1)
"There are a ton of great Business Money Market/Savings options at banks approaching and over 5%."
#37
iBonds
5.0
(1)
"You should definitely look into iBonds. Inflation protected government bonds - similar to savings bonds."
#38
UOB One Account
5.0
(1)
"UOB One Account. Just need to initiate a monthly FAST transfer of $1,600."
#39
FNB
5.0
(1)
"FNB goes up to 7.3% atm if you have 75k put in."
#40
Fluid
5.0
(1)
"I currently use a fluid account, they've got an amazing APY, Up to 4%."
#41
Vanguard
5.0
(1)
"Vanguard's VMFXX currently has a rate of 5.27%."
#42
N26
5.0
(1)
"Offers 4% unlimited cash back with premium plan, costs 165€ per year and comes with more perks."
#43
Credit Union
5.0
(1)
"Offers a competitive interest rate of 3% with no fees."
#44
529 Account
5.0
(1)
"A 529 account is ideal for saving money for college, and unused funds can be transferred to a ROTH IRA."
#45
US
5.0
(1)
"529 plan in US is great. 529 can be used for the kid's college."
#46
United Trust
5.0
(1)
"The best account is the 180d notice tracker which is 1:1 to base rate - 5.25% from United Trust."
#47
BlueVine
4.0
(1)
"The ones I can recommend are BlueVine or LiveOak."
#48
Junior ISA
4.0
(1)
"Junior isas have a yrly 9,000 allowance and pay good rates but the child gets access at 18 and you get no say in it."
#49
Custodial Account
4.0
(1)
"You can open a custodial account for your children. This is just like a normal adult savings account."
#50
YieldFinder
4.0
(1)
"There are many good HYSAs out there: https://yieldfinder.app/"
#51
Kernel
4.0
(1)
"I’d put it into a money market/cash fund or a dated bond fund. Kernel offers those, you’ll most likely get more interest."
#52
Heartland Bank
4.0
(1)
"Heartland Bank Digital Saver is probably your best bet if you want instant. 4.5%."
#53
Cash PIE
4.0
(1)
"Non bank lenders have more to offer than banks."
#54
FSMOne
4.0
(1)
"You get like 3+% on FSMOne auto-sweep cash account."
#55
Toss
4.0
(1)
"Toss offers 2% and is open to foreigners."
#56
Macquarie
4.0
(1)
"Macquarie"
#57
ING
4.0
(1)
"ING"
#58
Credit Suisse
4.0
(1)
"Credit Suisse has a pretty good offer for kids (account, card, savings etc) called Viva Kids."
#59
UK Financial Institutions
4.0
(1)
"Also try looking at uk financial institutions for offshore accounts - we in jersey are offshore to the uk - you might get higher interesting."
#60
Money Saving Expert
4.0
(1)
"Look on the money saving expert website. They usually provide a good summary of options."
#61
Premium Bonds
4.0
(1)
"You can put up to 50k into Premium Bonds. Prizes are tax free within the UK."
#62
Revolut
4.0
(1)
"Revolut and Wise. I would spread between 2-4 different accounts tbh"
#63
BBVA
4.0
(1)
"BBVA, Illimity and Trade Republic all have around 4% on savings I believe."
#64
PTSB
4.0
(1)
"PTSB offers savings accounts with 2.5% interest, I've found them to be cheapest in relation to fees."
#65
Ally Bank
4.0
(1)
"I have ally bank for buckets and long term goals."
#66
ENBD
4.0
(1)
"Go for ENBD and mashreq."
#67
Cherry Godfrey
4.0
(1)
"I go with Cherry Godfrey, admittedly needs a high deposit but worth it if you've got it."
#68
AMEX
4.0
(1)
"AMEX has a HYSA that's currently at 4%."
#69
UOB
4.0
(1)
"Try the uob one - u can just paynow urself $1600 to trigger the salary-crediting mechanism"
#70
GXS Bank / Maribank
4.0
(1)
"No condition for interest rate are above 2.4~2.8%."
#71
Robinhood
4.0
(1)
"My favorite is Robinhood's 4.65% cash earning interest."
#72
Bank of Ireland
4.0
(1)
"If you’re saving for a house, Bank of Ireland offer a mortgage saver account."
#73
Great Southern Bank
4.0
(1)
"Great Southern Bank has Advantage Saver for trusts with a corp trustee."
#74
HSBC
4.0
(1)
"HSBC is worth a try."
#75
Maribank
4.0
(1)
"Maribank gives 2.5% on your first 75k, no min spend no salary crediting."
#76
Trust and Marine
4.0
(1)
"Check out Trust and Marine for current account. 2.5%+ no need to do anything."
#77
American Express
4.0
(1)
"American Express is currently 4.35%. For teachers and non-teachers."
#78
NerdWallet
4.0
(1)
"If you want to chase rates use that. Realize that rates are subject to change at anytime."
#79
Sofi
4.0
(1)
"Sofi also offers a good way to separate funds for different goals."
#80
MSE Savings
3.0
(1)
"You can find best fscs protected savings on mse website."
#81
Mirae Asset
3.0
(1)
"If you need ready access to funds without the ability to commit to a specific period of time, then signing up for a Cash Management Account (CMA) is ideal."
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