Best Savings Accounts in Idaho of May 2022

Victoria Daniel

Whether you are saving for a specific purpose such as a down payment for a house, a car or perhaps a college fund, a high-yield savings account will help you reach your goals faster.

Idaho is home to hundreds of banks, which offer high-yield savings accounts. With a little research, you will be able to get the right account.

The first step is to take an in-depth look at your needs and preferences. Knowing what you want will help you narrow down your search to accounts with the features that matter to you.

For example, if you prefer an account with a high annual percentage yield (APY), narrow down your search on these types of accounts. If you prefer online to traditional banking, this will also focus your search. 

Other things to take into consideration include the account fees such as monthly and transactional fees.  Find out the amount and whether or not there is a waiver if you meet the minimum requirements for this type of account.

We reviewed some of the available options and here are our picks for some of the best savings accounts in Idaho. Use our review to compare the different options and find what is suitable 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