Being the 15th largest state in the U.S, Massachusetts is home to many banks. These banks offer the residents a wide range of high-yield savings accounts to choose from. Selecting an account that is the best fit for your needs can be a process.
When it comes to building your savings to achieve financial goals, a high-yield savings account can increase your funds faster than standard accounts. Most of these accounts have annual percentage yields (APYs) of close to 1%, which is more than the national average of 0.05%.
WalletBrain did reviewed some of the best savings accounts in Massachusetts. We looked at the account APYs, account fees, minimum deposit, and balance requirements. We also looked at other features and digital tools.
Take a look at the options and choose an account that is best suited for your financial needs.
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.
| Range | APY |
|---|---|
| $0.01+ | 0.60% |
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.
| Range | APY |
|---|---|
| $1 - $24,999.99 | 0.30% |
| $25,000+ | 0.45% |
