Best Free Savings Accounts for June 2025: Up to 4.60%

The best free savings account currently offer🦹s 4.60% APY and is available from Pibank. Clearly, you don’t have to sacrifice a high APY if you want a free savings account. The accounts featured here have some of the highest rates in the country, beating the national average many times over. Many accounts below also have low or no balance requirements, making it easy to earn a great return on your savings.

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To expand your search with even more options, check out our full daily ranking of the 澳洲幸运5官方开奖结果体彩网:🌜nation's best high-yield savings accounts.

Every business day, Investopedia’s full-time research and compliance teams 🔯check savings account rates from hundreds of banks and credit unions to update our rankings of the top-paying accounts. You’ll find offers from our partners below, followed by our ranking of the best free savings accoun👍ts available.

Best Free Savings Accounts

Pibank – 4.60% APY
– 4.56% APY
澳洲幸运5官方开奖结果体彩网:Vibrant C✱redit ꦜUnion, Preferred Savings – 4.50% APY
– 4.41% APY
– 4.40% APY
澳洲幸运5官方开奖结果体彩网:Primis Bank, Savings Account – 4.35% APY
澳洲幸运5官方开奖结果体彩网:Newtek Bank, Personal High Yi🌜eld Savings – 4.35% APY
Vio Bank, Cornerstone Money Market ⛦Savings Account – 4.31% APY
澳洲幸运5官方开奖结果体彩网:EverBank Performance Savings – 4.30% APY
澳洲幸运5官方开奖结果体彩网:Bread Savings, High-Yield Savings – 4.30% APY
– 4.30% APY
- 4.30% APY
– 4.30% APY*
澳洲幸运5官方开奖结果体彩网:Rising Bank, High-Yield Savings – 4.30% APY
澳洲幸运5官方开奖结果体彩网:BrioDirect, High-Yield Savi𝕴ngs Account – 4.30% APY

The top free savings account rates in the U.S. are listed below i💞n order of annual percentage yield (APY). When more than one institution offers the same rate, we’ve listed the accounts with the smallest minimum required balance to earn that APY first; after that, any ties are listed alphabetically.

澳洲幸运5官方开奖结果体彩网:Pibank – 4.60% APY

Required opening deposit: Any amount
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: No
Checking accounts available: No
CDs available: No
Overview: Pibank is an online and app-based savings product operated by Intercredit Bank, established in Miami in 1992. Intercredit originally established Pibank in Spain in 2018 before launching it in the U.S. in 2024.

Required opening deposit: $5,000
Minimum balance requirement: Any amount
Other requirements/limits: Electronic statements
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: Yes
Overview: Formerly Old Missouri Bank, OMB changed its name in 2023. It has multiple branches in Missouri and also is available nationwide through online and mobile banking.

Vibrant Credit Unio🗹n, Preferred Savings – 4.50% AP𒈔Y

Required opening deposit: Any amount
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: Yes, but a checking account is required
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: Yes
Overview: Anyone can join Vibrant Credit Union through membership in the Illinois Consumer Council and by maintaining a balance of $5 in a savings account. Headquartered in Moline, Illinois, Vibrant dates back to 1935.

Note: Advertised rate is for balances less than $15,000.

Required opening deposit: $25,000
Minimum balance requirement: $2,500 to earn stated APY
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: No
CDs available: Yes
Overview: TotalBank is an online-only operation of City National Bank of Florida, established in Miami in 1946.

Note: TotalBank is available to customers nationwide except for Florida residents.

Note: Although this account has "money market" in its name, it offers no check-writing privileges and instead operates like a savings account.

Required opening deposit: $10
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: Only with an associated checking account
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: No
Overview: Zynlo is an online-only affiliate of PeoplesBank, headquartered in Holyoke, Massachusetts and dating back to 1885. Zynlo launched in 2020.

Note: Although this account has "money market" in its name, it offers no check-writing privileges and instead operates like a savings account.

澳洲幸运5官方开奖结果体彩网:Primis Bank, Sꦇavings Account – 4.35% APY

Required opening deposit: Any amount
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: Yes
Mobile check deposit: No
Checking accounts available: Yes
CDs available: No
Overview: Headquartered in Tappahannock, Virginia, Primis Bank was established in 2005. It has more than two dozen locations in Virginia and Maryland.

Newtek B🔯ank, Personal High Yield Savings – 4.35% APY

Required opening deposit: $0
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: No
Checking accounts available: No
CDs available: Yes
Overview: FDIC-insured since 1963 as National Bank of New York City, Newtek is the bank's 2023 rebranded identity, which operates one branch each in New York and Miami while serving nationwide customers online.

💞Vio Bank, Cornerstone Money Market Savings Account – 4.ꦗ31% APY

Required opening deposit: $100
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: No
CDs available: Yes
Overview: Vio Bank is the online banking division of MidFirst Bank, an Oklahoma institution established in 1911 that is among the Top 100 largest U.S. banks.

Note: Although this account has "money market" in its name, it offers no check-writing privileges and instead operates like a savings account.

澳洲幸🏅运5官方开奖🦋结果体彩网:EverBank Performance Savings – 4.30% APY

Required opening deposit: Any amount
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: Yes
Overview: EverBank, the Fortune 500 employee retirement plan provider, offers banking services online through EverBank and via 11 brick-and-mortar branches in Florida.

澳洲幸运5官方开奖结果体彩网:Bread Savings, High-Y🎉ield Savings – 4.30% APY

Required opening deposit: $100
Minimum ongoing balance: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: No
CDs available: Yes
Overview: Bread Savings is the online consumer deposits bank operated by credit card issuer Comenity Capital Bank.

Required opening deposit: $500
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: Yes
Overview: My Banking Direct is an internet-only division of New York Community Bank, which was founded in 1859 and operates more than 200 branches in five states.

Required opening deposit: $500
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: Yes
Overview: Western Alliance Bank is headquartered in Phoenix, Arizona, and dates back to 1994.

Required opening deposit: $500
Minimum balance requirement: Any amount
Monthly fee: None
ATM card available: No
Mobile check deposit: No
Checking accounts available: No
CDs available: No
Overview: Openbank is an online and mobile affiliate of Santander Bank, which has locations around the world and has been in the U.S. since 1902.

Note: Requires a mobile device with face or fingerprint recognition.

澳洲幸运5官方开奖结果体彩网:Rising Bank🥃, High-Yield Savings – 4.30% APY

Required opening deposit: $1,000
Minimum balance requirement: $1,000
Monthly fee: None
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: Yes
CDs available: Yes
Overview: Rising Bank is an internet-only division of Midwest BankCentre of St. Louis, established in 1906.

BrioDirect, High-Yield Savings Account – 4.30% A♐PY

Required opening deposit: $5,000
Minimum balance requirement: $25 to earn stated APY
Monthly fee: None; $5 with paper statements
ATM card available: No
Mobile check deposit: Yes
Checking accounts available: No
CDs available: Yes
Overview: BrioDirect is an online-only bank operated by Webster Bank, which merged with Sterling National Bank in 2022.

Tip

The Fed he𓆉ld rates steady for a third consecutive time at its May 7 meeting. Three rate cuts from September through December last year lowered the 澳洲幸运5官方开奖结果体彩网:federal funds rate by a full percentage point to a range of 4.25%–4.50%, its lowest range since February 2023. Savings account rates closely follow the fed funds rate, which means interest rates are expected to come down if the Fed lowers rates.

Why You Can Trust Us

Investopedia collects savings account rates from ove💦r 100 banks and credit unions every business day. When ranking free savings accounts, we look at fees along with rates, balance requirements, minimum deposit requirements, and more. Our unbiased research is intended to provide readers with the best rates available, regardless of any affiliate or partner relationships we may have. Investopedia launched in 1999 and has been helping readers find the best free savin𓃲gs accounts since 2021.

How We Find the Best Free Savings Account Rates

Every business day, Investopedia’s full-time research and compliance teams track the rate data of over 100 banks and credit unions that offer savings accounts. We rank the best free savings accounts based on APY first, followed by other factors like required balance to earn that APY. To qualify for this list, the financial institution must be federally insured (FDIC for banks, NCUA for credit unions).

the-best-free-savings-accounts — Investopedia / Julie Bang

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