Best savings accounts on Reddit
76 reviews from r/FinancialPlanning, r/personalfinance, r/eupersonalfinance and 11 more subreddits
76 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
Wealthfront
5.0
(2)
"Wealthfront offers great rates and easy access."
"I just started using Wealthfront. I’ve found it to be perfect for a first savings account. Right now the APY is 4.05%."
#3
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!"
#4
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."
#5
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%."
#6
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."
#7
Discover
4.5
(2)
"Discover is known for its excellent customer service."
"Discover is pretty good for a mainstream bank at 3.40%."
#8
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."
#9
NerdWallet
4.0
(2)
"The reviews hit all the right points and seem fair."
"If you want to chase rates use that. Realize that rates are subject to change at anytime."
#10
Trading212
4.0
(2)
"Trading212 is a reliable trading platform."
"Trading212 offers a 4.2% money secured up to 20k."
#11
Capital One
4.0
(2)
"Capital One provides a rate of 4.35%."
"I ended up with Capital One 360 and I am happy with them."
#12
IDFC
3.5
(2)
"For savings, you can use IDFC. Monthly interest is there in it."
"The web and mobile app interface is one generation behind."
#13
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."
#14
Aldermore
3.0
(2)
"Aldermore offers good rates."
"Aldermore do not have competitive rates, good customer service though."
#15
Fluid
5.0
(1)
"I currently use a fluid account, they've got an amazing APY, Up to 4%."
#16
Vanguard
5.0
(1)
"Vanguard's VMFXX currently has a rate of 5.27%."
#17
Fidelity
5.0
(1)
"Fidelity's SPAXX is at 4.96% right now."
#18
N26
5.0
(1)
"Offers 4% unlimited cash back with premium plan, costs 165€ per year and comes with more perks."
#19
Credit Union
5.0
(1)
"Offers a competitive interest rate of 3% with no fees."
#20
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."
#21
US
5.0
(1)
"529 plan in US is great. 529 can be used for the kid's college."
#22
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."
#23
OakNorth
5.0
(1)
"OakNorth have really good rates if you're happy to lock any money away for a fixed term. Their 1 year bond is around 6% now."
#24
HYSA
5.0
(1)
"A HYSA or even a brokerage account where you can put it in T-Bills would be fine."
#25
Solo 401k
5.0
(1)
"Consider a Solo 401k for your 1099 income, allows you to stuff $60k in retirement savings and not pay taxes on it."
#26
Amex
5.0
(1)
"Amex is praised for its customer service and accessibility."
#27
iFast Global
5.0
(1)
"IFast Global offers the best rate at 5% for 12 months."
#28
American Express
4.0
(1)
"American Express is currently 4.35%. For teachers and non-teachers."
#29
Sofi
4.0
(1)
"Sofi also offers a good way to separate funds for different goals."
#30
Raisin
4.0
(1)
"Raisin is a good option in certain countries."
#31
Lightyear
4.0
(1)
"Lightyear offers great investment options."
#32
NatWest
4.0
(1)
"NatWest has some decent rates for business accounts."
#33
BBVA
4.0
(1)
"BBVA offers a competitive 4% interest rate on standard savings accounts in Italy."
#34
Barclays
4.0
(1)
"The Barclays savings account is a good option with a limit of £5k in cash that earns interest."
#35
Equitable Bank
4.0
(1)
"Equitable Bank offers some of the highest regular interest rates currently."
#36
Cynergy
4.0
(1)
"You can get 4% easy access via Cynergy."
#37
HDFC
4.0
(1)
"Keep the salary acc in HDFC. Just transfer the amount once received."
#38
HSBC
4.0
(1)
"HSBC salary account offers 5% unlimited cash back, making it one of the best banking options available."
#39
Scalable Capital
4.0
(1)
"Scalable Capital offers a competitive 4% return with their prime account."
#40
XEON
4.0
(1)
"XEON is a solid choice for a Money Market Fund."
#41
Wise
4.0
(1)
"Consider Wise (Interest), we have 6 figures in there."
#42
Skipton International
4.0
(1)
"Offers competitive interest rates starting at 3.75% with a minimum deposit of 10k."
#43
Wealthsimple
4.0
(1)
"Wealthsimple Cash offers competitive regular interest rates."
#44
Tide
4.0
(1)
"If you bank with Tide already then 4.33%."
#45
HL
4.0
(1)
"HL Active Savings offers access to various institutions at competitive rates."
#46
Apple
4.0
(1)
"Apple also offers a competitive rate of 4.5%."
#47
Redwood Bank
4.0
(1)
"Redwood Bank is also a good option."
#48
Butterfield
4.0
(1)
"Offering a competitive interest rate of 4.5% for deposits of 25k."
#49
Money Market
4.0
(1)
"I keep all my savings in a Money Market that gives a slightly higher interest rate than a savings account."
#50
Verizon
4.0
(1)
"Verizon has great cash flow and can afford their dividend."
#51
Tangerine
2.0
(1)
"Tangerine offers a promotional interest rate of 6% for the first 5 months, but it drops to 0.70% after."
#52
Simplii
2.0
(1)
"Simplii offers a promotional interest rate of 6% for the first 5 months, but it drops to 0.40% after."
#53
Goldman Sachs
2.0
(1)
"Marcus appears to be unprofitable and Goldman put a stop to rolling out checking accounts."
#54
Monzo
2.0
(1)
"The Monzo offer is for GBP savings, not EUR."
#55
Brokerage Account
2.0
(1)
"A brokerage account has taxable gains on investments sold at a profit, which can be a downside."
#56
EQ
2.0
(1)
"The linking to external accounts is broken."
#57
Marcus by GS
2.0
(1)
"I was a happy Marcus by GS user but I ended up moving away from them after recent stories."
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