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The Best Current and Historical Bank Interest Rates

We’ve tracked bank rates since 2008. The latest list shows the best bank interest rates available nationwide as of November 2017 (with daily updates).

best bank rates

Since many banks are constantly updating their interest rates offered on savings, money market and checking accounts, this chart should come in handy. On the 1st of every month, this page is updated to show the most accurate rate information available.

Banking Deal: Earn 1.30% APY on an FDIC-insured savings account at Synchrony Bank.

This list is organized in two sections. The first section includes FDIC-insured savings or money market accounts and the second includes FDIC-insured checking accounts. Each list is sorted alphabetically and unless there is a notation listed, the APY rate applies to all amounts.

Current rates

Use the table below to search for current interest rates available on money market accounts, savings accounts, and certificates of deposit. For historical rates, scroll down.

Historical interest rates

Banks that have lowered or raised their rates in the last month are shown in red and green, respectively.

Bank Account Name Tier Notes 11/1/2017 1/1/2017 1/1/2016 1/1/2015
Synchrony Bank Online Savings All No minimum balance 1.30% 1.05% 1.05% 1.05%
Ally Online Savings All No minimum balance 1.25% 1.00% 1.00% 0.99%
Ally Money Market All No minimum balance 0.90% 0.85% 0.85% 0.85%
American Express Bank High Yield Savings All 1.25% 0.90% 0.90% 0.80%
Barclays Online Savings All 1.30% 1.00% 1.00% 0.90%
Capital One 360 Online Savings All Formerly ING Direct 0.75% 0.75% 0.75% 0.75%
Discover Bank Online Savings All 1.20% 0.95% 0.95% 0.90%
GS Bank Online Savings All No minimum deposit 1.30% 1.05% N/A N/A
Everbank Money Market $5k to $10k Includes 1st year intro rate 1.31% 1.11% 1.11% 1.11%

Savings Account Rates

As you review the current and historical rates for savings accounts and money market accounts, keep the following in mind:

  • Fees: The best offers come with no monthly maintenance fees. Even a small fee can wipe out much of the yield, particularly in the current low rate environment. Before opening an account, make sure you understand what if any fees you’ll pay. The best savings accounts don’t charge fees.
  • Minimum Deposit: Many bank accounts require either a minimum deposit or a minimum balance going forward, or both. Be sure you know these requirements as you shop for the highest yield.
  • Tiered Rates: Some, but not all, banks offer tiered rates based on the amount of your balance. While one might assume that the rates go up as the balance goes up, that’s not always the case. Some banks actually lower the rate for balances over a certain limit.
  • Online Banks vs Traditional Banks: As a general rule, online banks offer the highest rates. Many brick and mortar banks offer yields as low as 0.01%. It’s as if they don’t want your money. In contrast, online banks offer yields of 1.00% APY or more.

Checking Account Rates

With checking accounts, the interest rates tend to be lower. That’s generally fine because most people don’t keep a lot of money in a checking account. Any extra money one has should be moved over to a high-yield savings product. That being said, many banks do offer interest checking accounts. Here it’s critical to consider fees, which are more common than on savings and money market accounts.

Finally, if you know of other bank accounts or deals we should include in our list, please leave a comment below.

Published or updated November 1, 2017.

avatar 1 Anonymous

Where can this chart be found each month?

avatar 2 qixx

I think this may just be a spreadsheet Flexo has been keeping for a while.

avatar 3 Rob Berger

It is. It hadn’t been updated for several years, and we decided to bring it back!

avatar 4 Rob Berger

Right here. We updated it monthly.