Best Banks for Saving Account: Since 1816, the Saving account has been widely spread across the United States. Savings accounts are offered by credit unions and banks. These are considered the safest spot to keep your funds and earn a small portion of interest. Savings accounts stand out from other types of investing options. According to a 2019 U.S. News Survey, most savers rely on saving accounts to invest their money.
Do you know how a saving accounts work? Saving money on your own is not that easy, is it? Actually, it is not secure. It can be stolen or lost easily or else you could spend the money impulsively. But through saving accounts, your money will be completely safe & protected in a credit union or bank.
Following are the 5 best banks for Saving Account in the U.S.:
Synchrony Financial
Synchrony Financial is typically a Connecticut-based consumer financial services company & the firm running the online bank, Synchrony Bank.
Synchrony provides credit cards, retirement accounts, money market accounts, money market accounts, CDs and savings accounts.
You cannot avail a checking account through Synchrony Financial. Synchrony is an online bank with no branches.
Also Check: Best High-Yield Savings Accounts For 2020
Marcus by Goldman Sachs
Goldman Sachs is one of the global investment banking. The firm also manages investment and securities.
Goldman Sachs Bank, USA, provides zero-fee, home improvement loans, fixed-rate personal loans, CDs and high-yield online savings accounts.
Marcus is completely an online platform that does not serve any ATM facility, large branch network or checking accounts.
Ally Bank
Ally Financial Incorporation is a Detroit based financial firm. Ally Bank has a total of 8,000 employees & 6.5 million customers.
Ally Bank works only online & provides investment products, auto loans, mortgages, credit cards, CDs, savings accounts and also checking accounts.
American Express Company
American Express Company is a New York-based payment firm. Founded in 1850, American Express Co. is named as the best insurer of credit cards.
Through American Express National Bank, you can also avail CDs and savings accounts.
But it does not provide ATM cards and checking accounts as well.
Discover
Discover Financial Services is an Illinois-based company that is a well-known issuer of credit card.
Founded in 1986, Discover is an online bank offering personal loans, home loans, student loans, credit cards, CDs, money market accounts, savings accounts as well as checking accounts.
The company also has a network of around 60,000 ATMs (no-fee).
Other than above-mentioned banks, you have the following options as well:
- E-Trade Bank
- CIT Group Inc.
- Capital One Financial Corp.
- State Employees’ Credit Union
- Columbus Bank and Trust Co.
- Signature Bank
- Navy Federal Credit Union
- Space Coast Credit Union
- Charles Schwab Corp.
- First Republic Bank
Now that you have enough options, choose a savings account that will safely store your money & also you can recover it easily.