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Picking a strong savings account to store your money is nearly as important as how much you save. 

Below, you’ll find our picks for the best savings accounts of March 2023. We’ve included high-yield savings accounts as well as a best certificates of deposit (CDs) option.

The Best Savings Accounts Right Now

Synchrony High-Yield Savings Account – Product Name Only: Synchrony High-Yield Savings Account – APY APY

SoFi Checking and Savings – Product Name Only: SoFi Checking and Savings – APY APY

Capital One 360 Performance Savings – Product Name Only: Capital One 360 Performance Savings – APY APY

Alliant Credit Union Kids Savings Account – Product Name Only: Alliant Credit Union Kids Savings Account – APY APY

Synchrony CD – Product Name Only: Synchrony CD – APY APY

Our top picks for savings accounts are protected by FDIC or NCUA insurance. Although Silicon Valley Bank and Signature Bank have recently been shut down, keep in mind money is safe at a federally insured financial institution. When a financial institution is federally insured, up to $250,000 per depositor is secure in a bank account.

Compare the Best Savings Accounts
Experts’ Advice on Choosing the Best Savings Account

Insider

We’re focusing on what will make a savings account most useful, including high APY, low costs, and more. Here’s what they had to say about savings. (Some text may be lightly edited for clarity.)

Generally, what makes a high-yield savings account good or not good?

Roger Ma, certified financial planner with lifelaidout® and author of 

Source:: Businessinsider