Best Online Savings Accounts
A healthy savings account is the first step on the path to retirement and financial independence. Having an emergency fund that is, well, ready for an emergency, can go a long way. Having that buffer can give you the peace of mind to easily sleep at night knowing your money is working for you.
Below are some of the best online savings accounts that you can fund today today and start earning interests. These are my top choices for an online savings account for an emergency fund.
All of the included institutions are FDIC insured, require $0 account minimum, $0 to receive the APR%, and no monthly maintenance fees.
Please see below table for links to each site.
*I may receive compensation if you visit partners I recommend below.
| Institution | Interest Rate | Pros | Cons |
|---|---|---|---|
 | 3.25% ** w/direct deposit 1.2% **w/o direct deposit | -No overdraft fees -Get direct deposit up to 2 days early -Bonus after first qualifying direct deposit | -Must set up direct deposit to get the best rate |
 | 3% | -No overdraft fees -Smartphone deposits -Buckets for organized saving towards goals | -Excessive transaction fees after 6 ($10 ea) |
 | 3% | -No overdraft fees -No fees for wire transfers | -No debit/atm card -Smartphone deposits unavailable |
