Best Savings Accounts in Georgia of August 2021

Victoria Daniel

Are you looking for a secure way to grow your savings?

Well, Georgia is home to hundreds of banks. These banks offer a wide variety of savings accounts for you to choose from. Unlike the standard savings account, a high-yield savings account offers a high annual percentage yield (APY) on your funds. This way you can maximize the returns on every dollar invested.

Finding a high-yield account that is suitable for you can require some research. Start by considering your needs and preferences. For example, if you prefer a high interest, narrow down your search to accounts that offer a higher APY. If you prefer online to traditional brick-and-mortar banking services, narrow down your search to online bank accounts.

Apart from these features, also consider the account fees. In most cases, you will find that accounts with a high APY have high service charges, such as high monthly and transactional fees. Look out for other features like safety (FDIC insurance), ease of access, among others.

WalletBrain reviewed some of the best savings accounts in Georgia. We took an extensive look at APY stability, account costs, and other features to get our top picks. Use or comprehensive review to choose the right fit for your financial needs 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