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!