Q:

What banks offer the highest interest on savings accounts?

A:

Quick Answer

Emigrant Bank, GE Capital Bank, Barclays Bank Delaware and Ally Bank are some banks that offer the highest interest on savings accounts, as of 2015. Other features include no fees and no minimum required amounts.

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Full Answer

Emigrant Bank tops the list with its online MySavingsDirect savings account interest rate of 1.25 percent. GE Capital Bank features an online savings account that earns 1.05 percent annually.

Barclays Bank of Delaware maintains a brick-and-mortar location but also offers an online savings account with an interest rate of 1.00 percent. Similarly, Ally Bank has headquarters in Michigan but offers an online savings account with an annual percentage yield of 0.99 percent.

Ally Bank and MySavingsDirect savings accounts have no fees and no associated minimum required balances. GE Capital Bank requires no minimum amount to open a savings account, and there are no monthly account fees as well.

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