Best Online Savings Account 2016

[gagirl82]

Hi Everyone, 

I am interested in opening an online savings account.  I have read a lot about Barclays Dream savings account I am leaning towards that one ..largely because of the  1.00% APR .  Does anyone have any experience with the account?  If so, is there a credit check required to obtain the account?  Ideally I would like to not have an inquiry on my credit for getting a savings account.  I am also interested in knowing about any other online savings accounts anyone may suggest.  

Thanks!

[Gmood1]

You can go here https://www.depositaccounts.com .

You'll find many savings accounts that may meet your needs. I decided it was better to go with a Rewards Checking account over a basic savings account. You'll earn more money on interest verses a savings account.

[Anonymous]

I was just coming here to look & see if I couldn't find a thread regarding Savings Accounts. Up until recently, there was no point of me looking for a higher yielding savings account...the cents earned off of them, didn't really make it worth it. Now, we're talking $$ difference. Time to start looking. I also had my eye on the Barclay's Dream or possibly Ally.

[Anonymous]

I recently opened an Alliant FCU savings account, because I was contemplating doing the shared secure installment loan.  Then I was looking over their checking products, and they have a decent APY for that even, with $20 atm fee reimbursement.  For me this is a no brainer.  

Rewards checking is another option, but you may be better off using those required transactions with your credit card.  Unless you have a substantial sum of money that stays in the account, and the account doens't have a low maximum balance that earns interest.  A lot of reward checking account only count signed transactions, which means you will need to spend over the amount that goes through with no signature.  Just do your research. 

[baller4life]

Alliant Credit Union. Sp EQ for membership. 1.00% apy on savings.

[mongstradamus]

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@baller4life wrote:
Alliant Credit Union. Sp EQ for membership. 1.00% apy on savings.

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I have alliant the 1.00% savings and .68% checking seems like a no brainer :-) Also having access to 2%+ 5 year cds is a nice perk. 

[RonM21]

I also have Alliant savings

[Anonymous]

Ally has a 1% savings, they pull ChexSystems.

There are also 5% savings accounts out there, but up to a certain limit.

Some have lots of monthly requirements, others don't.

One is being nerfed to cap at 1k, from previous 5k.

[Anonymous]

I use a combination of 3% rewards checking at Lake Michigan Credit Union & 1% savings at Ally.

Rewards checking accounts require some research before selecting one, since they all have some extra requirements that must be met and there is a maximum amount of money on which the bank or credit union will allow you to collect interest. I chose LMCU because it provides the most interest for my situation with no spending requirements (there are transaction requirements, but no minimum amount spent). 

[Imperfectfuture]

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@baller4life wrote:
Alliant Credit Union. Sp EQ for membership. 1.00% apy on savings.

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Like my alaska USA account, transferring 1.00 per month yields open checking account.  Unlike alaska USA, that 1.00 transfer yields the .65% on checking.  I now have two high yield checking without a ton of hoops, Alliant for regular, BECU at 4% up to 500 (and savings at 4% up to 500).  Between these two, and the flexibility of the shared secured loan with alaska, I am set ATM.