Best Savings Accounts in Delaware of August 2021

Victoria Daniel

Delaware has over 1 million residents with dozens of banks operating in its state. The banks also offer a wide range of savings accounts to its residents.

Setting savings goals and maintaining them can be quite challenging. Choose a savings account that will motivate you to stick to your goals. A high-yield savings account maximizes the returns on every dollar saved. It’s an account that can help you increase your funds faster than a standard account.

When choosing a high-yield savings account, consider the annual percentage yield (APY). The higher the APY, the higher the returns. Other factors to consider are the account fees, initial minimum deposit, and minimum account balances.

It is also important to consider your individual preferences and banking habits. For example, if you prefer online to traditional banking, consider an online account.

When shopping for a high-yield savings account, look beyond the larger well-known banks. Other institutions, including online banks, feature higher APY and lower minimum requirements.

WalletBrain did a comprehensive review to determine some of the best savings accounts in Delaware. Review our guide on these accounts and select the most suitable match for you today.

Axos Bank High Yield Savings Account

axos bank logo

$0

Monthly Fee

$250

Min. To Open

0.60%

Est. APY

Overview

This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus
  • No rate tier, APY same regardless of balance

APY ranges

Range APY
$0.01+ 0.60%

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$250
  • Min. Deposit For No Fee$0
  • CompoundedDaily
  • State RestrictionsNone

ATM & Debit Card

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Debit Card UseAllowed

CIT Bank Savings Account

cit bank logo

$0

Monthly Fee

$100

Min. To Open

0.45%

Est. APY

Overview

This savings builder account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account.

If you don't do either, you won't receive the higher end APY. It's best to go by depositing $100 a month because you will have accumulated a significant balance in a few years without realizing it.

What we like

  • No monthly fees
  • Deposit $100 a month to receive higher APY
  • One of the top APYs around

What we don't

  • No sign up bonuses
  • No physical branch locations
  • No ATM card

APY ranges

Range APY
$1 - $24,999.99 0.30%
$25,000+ 0.45%

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$100
  • Min. Deposit For No Fee$0
  • CompoundedDaily
  • State RestrictionsNone

ATM & Debit Card

  • Monthly Transaction Limits6
  • Excessive Transaction Fee$10+
  • ATM FeesDepends on ATM
  • Debit Card UseAllowed