Best Savings Accounts in North Carolina of July 2021

Victoria Daniel

High-yield savings accounts help you save up for emergencies. And other future financial goals such as vacation funds or a down payment for a house. If you are looking for a high-yield savings account in North Carolina, there are various options available. Whether you prefer online or traditional banking services, there is an account best suited for you. 

Start by determining your individual needs and preferences. Knowing what you need will help you narrow down your search to accounts with important features. For example, if you prefer online banking, narrow down your search to online high-yield savings accounts.

The interest rate or annual percentage yield (APY) is also an important consideration. The main goal of choosing a high-yield savings account is to maximize the return on every dollar saved.

Keep in mind that the national average APY for a standard savings account is 0.05% so ensure you find an account offering a higher rate than this. Another factor to consider is the account fees such as monthly and transactional fees. Look for an account with a high APY and low account fees.

We reviewed some of the best savings accounts in North Carolina. Use our review to find the best match 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