Best No Minimums

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Rankings are calculated based on verified user reviews, recency of updates, and community voting weighted by user reputation score.

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Best 1 Ally Bank Online Savings Account
Ally Bank Online Savings Account

Ally Bank is widely considered the gold standard for beginners due to its 'Buckets' feature, which allows users to visually organize savings for different goals like travel, emergency funds, or a new...

9.2 Excellent
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2 Marcus by Goldman Sachs Online Savings Account
Marcus by Goldman Sachs Online Savings Account

Marcus by Goldman Sachs offers a competitive APY and a straightforward savings experience. The account has no minimum balance requirements and no monthly fees. Marcus is backed by the financial stren...

9.0 Excellent
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3 Discover Bank Online Savings Account
Discover Bank Online Savings Account

Discover Banks Online Savings Account provides a competitive APY and a user-friendly online banking experience. The account has no minimum balance requirements and no monthly fees. Discover is known...

8.8 Very Good
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4 Synchrony Bank High-Yield Savings Account
Synchrony Bank High-Yield Savings Account

Synchrony Banks High-Yield Savings Account consistently offers a competitive APY, making it an attractive option for savers. The account has no minimum balance requirements and no monthly fees. Synchr...

8.5 Very Good
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5 Bask Bank Savings Account
Bask Bank Savings Account

Bask Bank offers a highly competitive APY, often among the highest available. As an online-only bank, they pass on savings to customers in the form of higher interest rates. The account has no minimum...

8.3 Very Good
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6 Popular Direct Savings Account
Popular Direct Savings Account

Popular Direct offers a competitive APY and a straightforward online savings experience. The account has no minimum balance requirements and no monthly fees. Popular Direct is backed by Popular Bank,...

8.1 Very Good
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7 Bread Savings Account
Bread Savings Account

Bread Savings provides a competitive APY and a simple online banking experience. As an online-only bank, they offer competitive rates. The account has no minimum balance requirements and no monthly fe...

8.0 Very Good
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8 Simple Savings Account (BBVA)
Simple Savings Account (BBVA)

Simple, now part of BBVA, offers a straightforward savings account with a competitive, but not leading, APY. The account has no minimum balance requirements and no monthly fees. Simple focuses on a us...

6.8 Fair
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