Best APY Rates for October 18, 2022

While savings account rates appear to be solid, the highest savings rates do not currently include CDs, which indicates that short-term savings plans may not have the power they once did. However, niche banks with unique savings programs are flooding the market in an effort to attract as much new business as possible.

About the Best Savings Accounts

UFB Direct

A division of Axos Bank, UFB Direct offers a branchless banking model that offers better customer service and a host of personal banking products like savings and money market accounts. Award-winning customer support and unique financial solutions—paired with high interest rates—help customers make the most of their money.

Dollar Savings Direct

Dollar Savings Direct is a division of Emigrant Bank and an FDIC member that offers high interest savings accounts, CDs and mortgages for the consuming public. 

SoFi

SoFi was founded as a place where consumers can discover financial independence. Started by Stanford business students who worked off an alumni-funded lending model, the firm has exploded to take a massive chunk out of the personal banking marketplace. This online platform wants money to work for the consumer, offering loan refinancing, investing tools and bank accounts. 

Capital One

Capital One was founded over 25 years ago to offer a range of consumer products, better information and top-shelf customer care. The bank is still founder-led, headquartered in McLean, Virginia and offers a range of bank accounts, loans and credit cards.

UFB Direct

A division of Axos Bank, UFB Direct offers a branchless banking model that offers better customer service and a host of personal banking products like savings and money market accounts. Award-winning customer support and unique financial solutions—paired with high interest rates—help customers make the most of their money.