Best online savings accounts of January 2016

Best Savings Rates tracks online savings accounts, shows the ones with the highest interest rates, and collect reviews from users of those accounts. This is a summary of the best banks track by Best Savings Rates in January 2016.

Best Interest Rate

CIT Bank and Ally tied, both offering 1.0% APY. The median interest rate offered by banks tracked on our site was .65% APY, and the mean rate was .52%, so both of these banks are well above-average in that regard.

Best Overall Rating

The best overall ratings went to Ally (4.8/5.0 stars) and Discover (4.7/5.0) stars – both of these banks were given consistently high ratings by customers.

Best Customer Service Rating

We also gather feedback on customer service satisfaction – the winners of those were Citibank e-Savings (4.7/5.0 stars) and Ally (4.6/5.0).

Overall Winner

The “Best Savings Account for January 2016 from Best Savings Rates” goes to Ally – they were tied for the highest interest rate and received consistently good reviews from customers. Congrats Ally!

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