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Best Savings Accounts in Ohio of August 2022

Victoria Daniel

Ohio has dozens of banks operating within the state. These banks offer a range of online and traditional brick-and-mortar savings accounts for you to choose from.

A high-yield savings account helps you to grow your savings faster. It offers a high-interest rate or an annual percentage yield (APY). Presented with so many options, deciding on the right account for you can be very challenging. Shop around and compare the different alternatives before making your choice.

The main factor to consider is the APY, the higher the APY, the better results for you. Also, consider the account fees, such as monthly and transactional fees. The high account fees affect the net value of your returns.

Ease of access is also an important feature to look out for if you are building an emergency fund. The digital experience, customer service, among other features can also determine your final decision.

WalletBrain took a comprehensive look at the available choices and compared the APYs, fees, and other characteristics. Here are our top picks for the best savings accounts in Ohio.

Earn 19x higher than the national average

$0

Min. To Earn APY

1.90%

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

1.85%

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