Best Savings Accounts in Pennsylvania of June 2022

Victoria Daniel

If you are in Pennsylvania and searching for a high-yield savings account, there is a wide range of available options. It is important to shop around and compare the different options before making a choice. 

To determine the right choice, consider the interest rate as it is the focal point of a high-yield savings account. Always aim for the ones that have a higher APY compared to the national average. Other factors to consider are the initial deposit and minimum balance, account fees, and ease of access. Your goal is to find the best fit for your financial needs.

Choosing a high-yield savings account from a wide range of options can be quite challenging. Knowing what you need in terms of your individual preferences and banking habits will help you narrow down your choices.

To help you further narrow down your choices, we reviewed the best high-yield savings account in Pennsylvania. Use this review to find the right choice for you today!

Earn 17x higher than the national average

$0

Min. To Earn APY

1.20%

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.

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

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

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

1.25%

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

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