Why You Can Trust Us
Investopedia collects savings account rates from over 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 savings 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).
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