Another year, another search for the best savings account! That’s right: It was almost exactly a year ago today that I was hunting for an online savings account so I polled you, the Get Rich Slowly readers.<\/p>\n
Last year, Ally Bank was the clear winner. More GRS readers had their money there than anywhere else. But folks also liked Discover Bank, Synchrony Bank, and several others.<\/p>\n
This year, it’s my girlfriend who is trying to find a better bank. Kim is perfectly happy with Ally — in fact, she’s a vocal crusader for Ally, which I find amusing — but at the same time, she’s curious if she can find a better interest rate somewhere else.<\/p>\n
After our family financial meeting<\/a> on Thanksgiving, we agreed to restructure some of how Kim and I handle money together. Since we bought our country cottage in 2017, she’s been paying me $500 per month as a way of vesting<\/a> into the house.<\/p>\n After discussing our goals (both individual and shared), we decided it makes sense for her to stop<\/em> paying me “rent” so that she can route that money toward other goals instead. Plus, I’ve refunded the $13,750 she’d already given me. She wants to save all of this money toward the purchase of a second house, a vacation home and\/or investment property. To that end, she’d like to find the best online savings account.<\/p>\n What does “best online savings account” mean to Kim? Well, interest rate is important, obviously, but it’s not the only thing. She also values ease of use and customer service.<\/p>\n “The only reason I’m looking outside of Ally is because I’ve seen better interest rates elsewhere,” she told me when I asked her for more info. “I’m looking for alternatives because I want the highest yield. CDs would be okay but their interest rates are no better right now.”<\/p>\n While a high interest rate is important, it’s not the only factor in her search. “Honestly, I’ve considered USAA as well because they’re so easy to work with and their customer service is awesome,” Kim says. “I’ve had twenty years of good experience with them and I trust them. I’m trying to weigh out trust, interest rates, and risk.”<\/p>\n When she left for work this morning, she said, “Can you do some research for me?”<\/p>\n Can I, a personal finance writer, do some research about savings account interest rates for my girlfriend? Why, of course! I’d be happy to.<\/p>\n The company that used to own this website — with whom I still have a business relationship — has a handy tool that allows folks to look at a lot of today’s top online savings accounts. Here are a few of their current top offers:<\/p>\n<\/span>Current Top Savings Accounts<\/span><\/h2>\n