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Online Savings Account Rates

The goal of a savings account should be to get the most for your money. Whether you're establishing an emergency fund for rainy days or saving for a vacation or to purchase property, you can reach your goals faster with high-interest savings accounts.

Currently the national U.S. savings rate is low, the banks just aren't offering much. Most banks and credit unions pay customers less than 1 percent percent on their money. At that rate it will take decades to see a decent return on your money.

That's why it's important to find the best bank for savings accounts to earn the most on your money. Do your research before opening a savings account. If you don't it will cost you.

Online options are a good place to start researching. In addition to higher interest rates, look for an online savings account that includes no monthly fees and the ability to transfer money to other accounts quickly and easily. It's not necessary to go to a brick-and-mortar bank or credit union for the best savings accounts.

Many online banks have interest rates over 2 percent. Most options don't require a minimum balance to earn high-interest. By comparison, most standard savings accounts at major banks offer only token interest rates of 0.1% or even less!