Best Savings Accounts in Idaho of May 2021

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.

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