Best 6% Interest Savings Accounts Available Now
Want 6% interest on your savings? You could earn an APY of 6% or higher with these accounts, but you'll want to lock in rates soon.


Savings rates won’t be this high forever. In fact, now may be your last chance to score some of the best savings rates. Rates on many top-earning accounts have noticeably been dropping over the last two weeks, so opening an account now, rather than later, could pay off. However, despite the decline in rates, several accounts still offer impressive yields, in some cases 6% or more.
6% interest or higher
Here are some of the highest-yielding accounts available, offering at least 6% APY.
Orion Federal Credit Union

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
APY: 6.00%
Based in Memphis, Tennessee, the Orion Federal Credit Union Premium Checking account offers 6% APY on balances up to $10,000. And higher balances still earn a solid rate of 5%. To qualify for the best rate, you’ll need to make electronic deposits totaling at least $500 per month, as well as spend at least $500 a month on your Orion debit or credit card. If requirements are not met, you’ll be charged a $5 monthly fee. The account has no minimum balance requirements.
Nuvision Credit Union
APY: 6.00%
You can score a 10-month CD with an APY of 6% with Nuvision Credit Union, but you’ll want to act fast. This rate is only available until July 31, 2024. The account has a minimum opening requirement of $1,000, and balances cannot exceed $5,000. There are no monthly fees. After your CD matures, it will convert to a 12-month CD.
Digital Federal Credit Union
APY: 6.17%
The Primary Savings account from Digital Federal Credit Union offers an APY of 6.17% on balances up to $1,000. Balances above $1,000 will only earn 0.15% APY. There is a $5.00 minimum to open the account, but a minimum balance requirement to earn APY. Plus, there are no monthly fees.
Landmark Credit Union
APY: 7.50%
With Landmark Credit Union’s Premium Checking account, you can earn up to 7.50% APY, but only on balances up to $500. You’ll need to enroll in eDocuments and have a direct deposit of at least $250 a month to qualify. The Minimum deposit required to open the account is $35 and there are no monthly maintenance fees. While this account offers an extremely impressive rate, it might not be the best place to store your cash, as you’ll only earn 7.50% on the first $500 you put in the account.
5.50% APY or higher
Though there are few accounts offering rates of over 6%, plenty of high-yield savings accounts and CD accounts offer rates well over 5% — a solid return on your cash. You can browse some of the highest rates available today by checking out our article on the best high-yield savings accounts as well as the best CD rates.
Here are several top accounts offering APYs of 5.50% or more.
Flagstar Bank: High-yield savings account
APY: 5.55%
Minimum opening deposit: $25,000
Poppy Bank: High-yield savings account
APY: 5.50%
Minimum opening deposit: $1,000
Bask Bank: 3 month CD
APY: 5.53%
Minimum deposit: $1,000
Total Direct Bank: 6-month CD
APY: 5.51%
Minimum deposit: $25,000
Paramount Bank: 11-month CD
APY: 5.55%
Minimum deposit: $1,000
You can also use our tools below — powered by Bankrate — to browse rates on both high-yield savings accounts and CD accounts.
What will happen to savings rates in 2024?
When the Federal Reserve began its rate hiking campaign back in March 2022 in order to combat high inflation, savings rates began to rise along with interest rates. Overall, the central bank raised the fed funds rate, a key overnight bank lending rate, 11 times between March 2022 and July 2023, but as inflation began to cool, rates were held steady. And when the pause on rate hikes began, savings rates began to slightly inch down. Rates on savings accounts will soon drop even further as the Fed expects one quarter-point cut later this year.
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.
-
How to Budget for College Expenses Beyond Tuition
Some universities waive tuition for families with incomes below a certain threshold. But you'll still need a plan to cover other costs.
-
My First $1 Million: Events Industry CEO, 65, Northern New Jersey
Ever wonder how someone who's made a million dollars or more did it? Kiplinger's My First $1 Million series uncovers the answers.
-
Delta’s New Fare Changes Just Made Booking Flights and Earning Miles More Complicated
Here’s what travelers need to know about Delta’s fare changes before booking their next flight.
-
United Airlines Raises the Bar with New Business Class Suites
Discover how United's new Polaris Studio suites redefine luxury and comfort on long-haul flights.
-
Walmart Raising Prices Soon — Here’s Which Products Will Cost You More This Summer
If you heard about Walmart raising prices, here are the key details you need to know ahead of your next shopping trip.
-
I'm an Insurance Pro: How Not to Get Dumped by Your Insurance Agent
Your insurance agent or broker might show you the door if you do any of these five things. Being a good customer is about more than paying your bill on time.
-
How Capital One Venture X's Travel Perks Make the Fee Worth It
Travel Cards Travel cards, like the Capital One Venture X come with a sizable annual fee. Here are four ways to offset it.
-
Hail Damage Insurance Claims: Is Filing Worth the Cost and Hassle?
Before filing a hail damage insurance claim, understand the potential costs, risks and whether it’s worth the effort. Learn when to file and when to pay out of pocket.