Before you open up a California savings account, you should first determine which California banks offer the highest interest rates for your savings deposits. Our California banking editors have therefore put together this short list of the very best, or highest interest paying California savings accounts to help you with your request for the best return on your money:
Best California Savings Accounts
Downey Credit Union 2.00% ummer Survival Account
California State & Fed Emp #20 Credit Union 1.76% Shares Savings Account
Bopti Credit Union 1.51% Share Accounts
F & A Credit Union 1.26% Regular Share Account
Alliant Credit Union 1.15% Savings Account
OneWest Bank 1.10% Green Savings
Bank of the Sierra 1.09% Sierra Reward Savings
California First National Bank 1.08% Premium Savings
Redding Bank of Commerce 1.06% Performance Savings
Paradise Valley Credit Union 1.01% $101 Savings
ING DIRECT 1.00% Orange Savings Account
Premier Community Credit Union 1.00% Installment Savings
Caltech Employees Credit Union 1.00% Savings
American Airlines Credit Union 1.00% Primary Savings
Pacific Postal Credit Union 1.00% Silver Express
For the highest interest on your savings deposits, whether you want to park your money in a California CD, California savings account or CA money market, first research the local interest rates to find the average rates and then the banks paying the best interest rates.
This is the list of the best California savings accounts with the best rates at the moment, so if you are looking to maximize your savings interest, you should select a California bank within these top listings.
The CA Bank you choose should not necessarily be the very top California savings bank on the list because savings interest rates, just like CD rates and other bank rates, fluctuate all the time. Therefore the rank ordering of the top banks will change frequently, too. Nevertheless, a California savings account bank in the list of highest interest savings accounts is likely to stay there, so look for a CA bank guaranteed by the FDIC which is convenient for your needs.
