Best Savings Accounts in Delaware of May 2022

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.

CIT Bank Savings Builder

$0

Min. To Earn APY

0.90%

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.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

Axos Bank High Yield Savings Account

axos bank logo
4.8

$0

Min. To Earn APY

0.61%

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

Quontic Bank High Yield Savings Account

quontic bank logo
4.6

$0

Min. To Earn APY

0.75%

Est. APY

Overview

Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

First Citizens Bank Online Savings Account

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee