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Best Compound Interest Savings Accounts 2022

Increase your earnings exponentially with a compounding account.

Best for traditional bank

Barclays Online Savings

  • Easy online transfers between banks
  • No limit on number of withdrawals
  • Tools to help you save

APY

2.00%

Fee

$0 per month

Go to site
on Barclays's secure site

Best for no minimum deposit

UFB Rewards Savings

★★★★★

Finder rating 5 / 5

  • Earn a competitive rate of 2.61% APY no matter your balance
  • Open an account with as little as $0
  • Get an ATM card for easy access to your money

APY

2.61%

Fee

$0 per month

Go to site
on UFB Direct's secure site

Best for High APY

Quontic Bank High Yield Savings

  • Card access at 90,000+ no-fee ATMs
  • Lock your debit card for any reason
  • Access online and through mobile
  • Uncapped interest

APY

2.05%

Fee

$0 per month

Go to site
on Quontic Bank's secure site

Compare compound interest savings accounts

Use the table below to compare accounts based on the features you're looking for.
Name Product APY Interest compounding Fee Minimum deposit to open Offer
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account

5.00%

3.00%

Monthly
$0 per month or $7.99 per month for Aspiration Plus ($5.99 per month if you pay annually)
$10
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
CIT Savings Connect
Finder Rating: 5 / 5: ★★★★★
CIT Savings Connect

2.40%

Daily
$0
$100
Earn an impressive APY on your entire balance. This straightforward online savings account has no monthly service or account opening fees.
Bread Savings™ High-Yield Savings
Finder Rating: 4.3 / 5: ★★★★★
Bread Savings™ High-Yield Savings

2.15%

Daily
$0
$100
Earn competitive interest rates with this high-yield savings account you can open in just minutes. Member FDIC.
Barclays Online Savings
Finder Rating: 4.6 / 5: ★★★★★
Barclays Online Savings

2.00%

Daily
$0
$0
Barclays Online Savings account offers key features that can help you save, including a high-interest rate, no monthly fees, and no minimum deposit.
Quontic Bank High Yield Savings
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank High Yield Savings

2.05%

Daily
$0
$100
Interest is compounded daily. No monthly service fees. Competitive rates
American Express® High Yield Savings Account
Finder Rating: 4.6 / 5: ★★★★★
American Express® High Yield Savings Account

1.90%

Daily
$0
$0
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
Quontic Bank Money Market
Finder Rating: 4.6 / 5: ★★★★★
Quontic Bank Money Market

2.00%

Daily
$0
$100
Competitive rates, no monthly fees, user-friendly online banking platform
Varo
Finder Rating: 4.7 / 5: ★★★★★
Varo

5.00%

1.20%

Daily
$0
$0.01
The Varo savings account is a no-fee account designed to offer benefits to help people save more money.
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