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Savings

Best Savings Account Rates on SaveBetter in May 2022

  • FDIC insured. No fees. $1 minimum deposit.

  • 24/7 online access to funds.

Select a product and save

Compare Savings Accounts on SaveBetter

What Is SaveBetter?

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The SaveBetter platform features a curated selection of high-yielding products offered by our network of banks. It’s your destination to discover competitive savings products and start saving wisely. Select and fund multiple savings products from different institutions, and manage them all from one account!

Safety

Safety

Funds deposited into any of the products on SaveBetter.com are always held by an FDIC-insured institution. A very easy and safe way to diversify your deposit portfolio.

Choice

Choice

Access quality products from our network of banks. Find the product that’s right for you.

Convenience

Convenience

One account to remember. Simplified statements. Easy access to manage your funds – all through a streamlined digital platform.

How SaveBetter Protects Your Money and Personal Information

All deposit balances on the SaveBetter platform are held at FDIC insured financial institutions

FDIC logo

All participating banks are members of the FDIC. Deposits in participating banks are insured by the FDIC up to the limits of federal law. The standard insurance amount is $250,000 per depositor, per insured bank, for each deposit account ownership category.

Click to learn more about FDIC insurance

Cybersecurity is a top priority at SaveBetter

SOC2 logo

We invest in a variety of technologies to protect our customer’s data, privacy and transactions. These include Multi-Factor authentication, encryption, and Cloudflare advanced internet protection and monitoring. We are a SOC 2 certified organization, which means we have met the requirements outlined by the American Institute of Certified Public Accountants (AICPA) to ensure that we have the controls in place to keep customers' data secure and private.

Click to learn more about SOC 2 certification

Open an Account in 3-5 minutes

Select a product

Select

the right product for your savings goals.

Register for a SaveBetter account

Register

with an email address and password, then verify your identity and bank information.

Add funds

Fund

the savings products you add to your new SaveBetter account.

Why SaveBetter Is, Well, Better

SaveBetter
Safety: One secure account guards your personal data and safely allows you to tap into yields from multiple savings products.

VS

Traditional Banking
Multiple signups, savings accounts, and products at different banks each requires providing your sensitive personal information.
SaveBetter
Choice: Access diverse and competitive FDIC-insured savings products that increase your savings potential.

VS

Traditional Banking
Less savings and CD products options may limit your savings potential.
SaveBetter
Convenience: Only one SaveBetter account is required. You can manage your chosen savings products from our platform.

VS

Traditional Banking
Opening new bank accounts at multiple banks means more statements, passwords, and wasted time.

Benefits of a Savings Account

Holding a jar of coins

Savings accounts are key to a healthy financial strategy by offering benefits like a stable, predictable return, high liquidity and the backing of federal deposit insurance (look for the FDIC stamp of approval for banks and NCUA for credit unions). A savings account is a type of account offered by a bank or credit union that enables you to put your cash to work by paying interest earnings on the deposits you hold within them. Savings accounts typically offer higher interest rates than checking accounts, which are used for paying daily expenses through payment methods like debit cards and checks. Savings accounts are used to secure cash and protect wealth without sacrificing access to funds.

High-Yield Savings Accounts vs. Traditional Savings Accounts

High-Yield Savings Accounts
Highly competitive interest rate, typically well above national average for traditional savings accounts

VS

Traditional Savings Accounts
Interest rate typically above that of a checking account, but well below that of a high-yield savings account
High-Yield Savings Accounts
Some banks may require high minimum deposits and charge fees if you dip below the minmum (SaveBetter does not)

VS

Traditional Savings Accounts
Minimum deposit is typically low
High-Yield Savings Accounts
Some banks may limit where these products are offered (SaveBetter does not)

VS

Traditional Savings Accounts
Availability of products may depend on bank size

High-Yield Savings Accounts and Money Market Deposit Accounts Available on SaveBetter

Financial institution
Savings product
APY
Liberty Savings Bank
High-yield Savings Account
1.06%
mph.bank
High-yield Money Market Deposit Account
0.85%
Ponce Bank
High-yield Money Market Deposit Account
0.75%
Patriot Bank
High-yield Money Market Deposit Account
0.70%
Continental Bank
High-yield Savings Account
0.50%

Tips for Using High-Yield Savings Accounts

flatlay of flowers

What if you could earn more money from a savings account without doing too much more than what you’re already doing?

That’s the real benefit of a high-yield savings account (HYSA).

As the name implies, a HYSA offers just that — an opportunity to earn a higher yield, meaning more money, on your balance than that offered by a traditional savings account.

The better earning potential makes HYSAs a great option for storing your emergency funds or savings for various short-term goals, like a new car, a future vacation, or a down payment on a home.

There are plenty of HYSAs out there to choose from, but not all are created equal. Click the button below to read on about how to use a high-yield savings account to grow your money faster.

FAQs

Call us: 844-994-EARN (3276)(Monday to Friday from 9:00 a.m - 4:00 p.m)
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The SaveBetter name and logo are trademarks of SaveBetter LLC. The Deposit Solutions name and logo are trademarks of Raisin GmbH, used with permission. The Central Bank of Kansas City name and logo are trademarks of Central Bank of Kansas City, used with permission. Continental Bank is a trademark of Continental Bank, used with permission. Ponce Bank and the Ponce De Leon image are trademarks of Ponce De Leon Federal Bank, used with permission. WEX Bank is a trademark of WEX Bank, used with permission. The State Exchange Bank is a trademark of The State Exchange Bank, used with permission. Patriot Bank is a trademark of Patriot Bank N.A., used with permission. Liberty Savings Bank is a trademark of Liberty Savings Bank, used with permission. mph.bank and mph.bank Mark are trademarks of Liberty Savings Bank, FSB, used with permission.

© 2022 SaveBetter LLC. All rights reserved.

APY means Annual Percentage Yield. APY is accurate as of May 12, 2022. Interest rate may change after initial deposit. Minimum opening deposit is $1.00.

Each customer authorizes the Custodian Bank to hold the customer’s funds in a custodial capacity in order to facilitate the customer’s deposits to and withdrawals from deposit accounts at various Product Banks that the customer requests through SaveBetter.com. The Custodian Bank does not establish the terms of the deposit accounts, or offer the deposit accounts to customers, and provides no advice to customers about deposit accounts. Central Bank of Kansas City, Member FDIC, d.b.a. Central Payments is the Service Bank. Custodian services are provided by Lewis and Clark Bank.