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Best Savings Accounts in Vermont of February 2023

Victoria Daniel

Are you looking to kick-start your savings or earn more on what you have already put aside? Consider a high-yield savings account today!

Vermont is home to a dozen banking companies. Residents have a wide range of savings accounts available to them. Whether you prefer online or traditional banking options, Vermont has you covered.

High-yield savings accounts get your money working for you with some of the highest APYs in the market, all the while keeping your funds completely liquid. Choosing the best high-yield savings account for you depends on your needs and preferences.

Suggested factors to consider are the APY, account charges, safety (FDIC insured), and ease of access. Shop around and compare these features while searching for the most fitting savings account for you.

We reviewed some of the best savings accounts in Vermont. Use our top picks to compare the different options and find the most suitable match for you today.

Bank online with no monthly fees

3.85%

Est. APY

$0

Min. To Earn 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

Access to checking writing

4.21%

Est. APY

$0

Min. To Earn APY

Overview

UFB Direct 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

Track savings on the mobile app

3.20%

Est. APY

$0

Min. To Earn 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 and minimum fees

0.61%

Est. APY

$0

Min. To Earn 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