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Best Savings Accounts in North Carolina of October 2022

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.

FDIC insured with check writing capabilities

$0

Min. To Earn APY

3.01%

Est. APY

Overview

UFB Direct Rewards Savings comes with check-writing capabilities and a free ATM card with a national network of fee-free ATMs.

What we like

  • Competitive interest rates
  • No minimum deposit
  • No recurring maintenance fees
  • Nationwide fee-free ATMs
  • Check writing capabilities
  • FDIC insured

What we don't

  • No physical branches
  • Account options are limited

Online banking with no monthly fees

$0

Min. To Earn APY

2.70%

Est. APY

Overview

This savings 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

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

2.15%

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

No monthly, minimum, and overdraft fees

$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

Provides access to money management tools

$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