The Top Savings Rates and MMA Rates: Maximize Your Annual Return

In 2023, high-yield savings accounts are offering surprisingly attractive rates, making an excellent time to grow your savings. Below are the best savings rates listed in our database of rates. The top choices based on their Annual Percentage Yield (APY), along with the minimum deposit required and the interest you could earn annually on deposits of $10,000 and $100,000.

Elevault leads the pack with their Savings Account offering a remarkable 5.50% APY. With no minimum deposit required, you could earn $550 annually on a $10,000 deposit and $5,500 on a $100,000 deposit.

Betterment comes in close competition, also offering a 5.50% APY through their Savings Special (boosted APY) account. The minimum deposit is a mere $10, and the interest earned annually would be $550 on a $10,000 deposit and $5,500 on a $100,000 deposit.

UBS Bank USA follows with a Savings Account Promotional Yield at 5.40% APY. You'll need a minimum deposit of $1,000 to get started, but the interest earned annually would be $540 on a $10,000 deposit and $5,400 on a $100,000 deposit.

BluPeak Credit Union offers a Preferred Savings account with a 5.33% APY and no minimum deposit. At this rate, you would earn $533 annually on a $10,000 deposit and $5,330 on a $100,000 deposit.

Customers Bank's Savings Account features a 5.30% APY with no minimum deposit. You can earn $530 annually on a $10,000 deposit and $5,300 on a $100,000 deposit.

TotalDirectBank’s Money Market account provides a 5.26% APY but requires a hefty minimum deposit of $25,000. You would earn $526 annually on a $10,000 deposit and $5,260 on a $100,000 deposit.

ValleyDirect offers a Savings Account with a 5.25% APY and a minimum deposit of just $1. The annual interest would be $525 on a $10,000 deposit and $5,250 on a $100,000 deposit.

Vio Bank’s Cornerstone Money Market Savings Account also offers a 5.25% APY but requires a $100 minimum deposit. You would earn $525 annually on a $10,000 deposit and $5,250 on a $100,000 deposit.

UFB Direct rounds out our list with their High Yield Savings account, offering a 5.25% APY with no minimum deposit. At this rate, you'd earn $525 annually on a $10,000 deposit and $5,250 on a $100,000 deposit.

Lastly, Milli Bank offers a Savings Account with a 5.25% APY and no minimum deposit. You can earn $525 annually on a $10,000 deposit and $5,250 on a $100,000 deposit.

This lineup of high-yield savings rates offers lucrative opportunities to grow your money. Whether you’re starting with $10 or $100,000, there’s an option for everyone looking to maximize their annual earnings.