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Best Savings Accounts in Washington of October 2022

Victoria Daniel

Looking for a savings account in Washington? You have come to the right place.

Washington is the nation’s capital and hundreds of banks call it home. These banks have a variety of online and in-person savings accounts for you to choose from. We can help you find an account that is best suited for your needs and preferences. 

A high-yield savings account can help you to increase your savings faster than a standard account. It usually has a higher annual percentage yield (APY), which is many more times higher than the national average of 0.05%. While the APY is an important feature, other factors need to be considered as well.

Account fees, minimum requirements, and ease of access are other features you can use to narrow down your search. You want to make sure that you get the best combination of a high-interest rate and low account fees.

WalletBrain reviewed some of the best savings accounts in Washington to help make the process of choosing an account easier for you. Use our comprehensive review to find an account that is most suitable for your needs 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