Best Online Savings Accounts | August 2022

A savings account is an important part of your financial toolkit. Your savings account is the best place for you to store extra money that you might need to access quickly, such as an emergency fund.

When you put money in a savings account, your bank should pay interest based on the amount you’ve deposited. However, many banks, especially brick and mortar banks, offer very low interest rates. If you have a large balance, it’s important to choose a savings account that will reward you with a good interest rate.

Online savings accounts tend to pay higher interest rates than other types of savings accounts. They also have other perks, such as lower minimum deposit requirements and lower or no monthly fees.

If you’re thinking about opening an online savings account, these are some of the best.

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