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- The Digital Federal Credit Union Savings Account pays 6.17% APY (Annual Percentage Yield) on balances up to $1,000.
- The Digital Federal Credit Union Savings Account is only available to people who qualify to join the credit union.
- Plenty of savings accounts are available around the US and still offer great rates — over 5% APY.
High savings rates are the new normal at many financial institutions. One credit union even offers 6.17% APY on low savings balances. However, it isn't available for everyone.
No nationwide banks offer 6% savings accounts right now. But the best high-yield savings accounts are available around the US and offer high rates on your entire balance.
Savings accounts with at least 6% interest
Digital Federal Credit Union, one of our favorite banks in Massachusetts, is the only financial institution paying 6% APY on a savings account. The credit union offers 6.17% APY on balances up to $1,000. If you have an account balance above $1,000, the interest rate drops to 0.15% APY. This savings account doesn't have any monthly service fees or minimum balance requirements.
To open the Digital FCU savings account, you must become a member first. Digital FCU membership is limited to people who live in select areas of Massachusetts, live in a New Hampshire participating condominium community, work for a Select Employer Group, or belong to a local participating organization.
| Account | APY |
6.17% APY on $1,000; 0.15% APY on the remaining balance |
Compare other high-yield savings accounts
If you do not qualify for membership at Digital Federal Credit Union, keep in mind there are many savings accounts offering 5% interest. Here are a few savings accounts paying 5% APY or more — and they're available throughout the US.
The Western Alliance Bank High Yield Savings Account is available through Raisin. Raisin is an online marketplace with high-interest CDs, savings, and money market accounts from a variety of banks and credit unions.
All the accounts listed are FDIC-insured. Federal insurance matters more than a competitive interest rate. If a bank fails, the FDIC protects insured deposits. Up to $250,000 is safe per depositor in a bank account that's FDIC-insured.
Overview of 6% interest savings account
6% interest savings FAQs
Digital Federal Credit Union has a savings account paying 6.17% APY on balances up to $1,000.
To get 6.17% APY on up to $1,000 in your savings, join Digital Federal Credit Union. Membership is limited to people who live in select areas of Massachusetts, live in a New Hampshire participating condominium community, work for a Select Employer Group, or belong to a local participating organization.
If you deposit $20,000 into a savings account paying 6% APY, you'd earn around $1,200 in one year. Currently, there's only a savings account that pays 6.17% APY on an account balance up to $1,000, though.
Products in this post: Betterment Cash Reserve Account, UFB High Yield Savings, CloudBank 24/7 High Yield Savings Account, CIT Bank Platinum Savings, Bask Bank Interest Savings Account, Vio Bank Cornerstone Money Market Savings Account
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Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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