While 83% of the traditional banks we analyzed offer lower fees, higher rates, or other perks if you have money in multiple accounts, you may also profit by moving some cash elsewhere—particularly if you’re already above the minimum balance or your bank doesn’t offer such benefits. —Megan Leonhardt and Alicia Adamczyk
Goldman Sachs Online Savings
WHY IT WINS: New entrant Goldman Sachs wins with a top-tier 1.05% APY, no maintenance fees, and no minimum balance.
CAVEAT: Goldman’s bank operation has only two physical branches, in New York and in Salt Lake City, so you probably won’t be able to visit in person. You cannot link your savings account to a Goldman Sachs investment account.
• Maintenance fee: $0
• APY: 1.05%