We’re always looking for opportunities to maximize the return on our money. With several different offers popping up from banks and credit card companies, there are multiple avenues to take when trying to get cash back on our purchases or putting money away for a rainy day, but what about a traditional savings account? Where can we find the best return on our savings? Let’s take a look at the top 5 returns across the country.
1.) UFB Direct: 1.30% APY. Located in San Diego, all of their banking is done online, via telephone, or via mail. They currently offer the highest return on savings accounts in the country.
2.) Alliant Credit Union: 1.15%. This is the largest credit union in the state of Illinois and the 6th largest credit union in the United States.
3.) SFGI Direct: 1.11%. Although this is only the 4th largest bank in the state of West Virginia, it boasts a savings rate that is twice the national average.
4.) SmartyPig: 1.10%. With savings accounts held at BBVA Compass banks, this group is fairly strict about its accounts. These savings accounts are also fee-free.
5.) Clear Sky Accounts: 1.04%. Over 100 years old, this bank has a healthy 4-star rating and a savings rate 100% higher than the national average.
Whether you’re looking to earn the highest rate of return possible or just looking for a local bank, these are all great options to consider. Also, be sure to check out this list of bank bonuses for an offer near you!