Two banks – TIAA Direct and CIT Bank – are paying the top rates on their savings accounts.
You can get 1.25% APY on TIAA Direct’s High Yield Savings Account. The rate will be offered on all balances. Opening an account will require a deposit of $25 at least.
At CIT Bank, you can get 1.05% APY if you maintain a balance of $25,000 minimum. In case it drops below the amount, you will get 0.90% APY.