Personal Finance Banking Savings
Written by Sophia Acevedo; edited by Laura Grace Tarpley
- Savings accounts with at least 6% interest
- Compare additional savings accounts
- Overview of 6% interest savings account
- FAQs
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews.
- Digital Federal Credit Union has an account that pays over 6% APY, but you must meet membership requirements to get started.
- You also won't earn this high interest rate on your entire Digital FCU savings balance.
- Plenty of savings accounts are available around the U.S. and still offer great rates — over 5% APY.
High savings rates are the new normal at many financial institutions. There's one credit union offering 6% APY to help grow your savings, but there are some criteria to be aware of.
If you want to explore additional savings options, the best high-yield savings accounts are available around the U.S. and offer high rates on your entire balance.
Savings accounts with at least 6% interest
Digital Federal Credit Union, one of our favorite banks in Massachusetts, is the only credit union paying 6% APY on a savings account. The credit union offers 6.17% APY on balances up to $1,000. If you have an account balance above $1,000, the interest rate drops to 0.15% APY. This savings account doesn't have any monthly service fees or minimum balance requirements.
Compare other high-yield savings accounts
Also, keep in mind there are many savings accounts offering 5% interest. Here are a few savings accounts paying 5% APY or more — and they're available throughout the U.S.
Estimate Your Interest Earnings
Overview of 6% interest savings account
To open the Digital FCU savings account, you must become a member first. Digital FCU membership is limited to people who live in select areas of Massachusetts, live in a New Hampshire participating condominium community, work for a Select Employer Group, or belong to a local participating organization.
You'll earn 6.17% APY on the first $1,000, then 0.15% APY on the remaining balance. If you plan to keep significantly more than $1,000 in savings, you may be better off opening an account that pays a slightly lower rate on your entire balance.
DCU Primary Savings Account
Start saving
DCU, Member NCUA
Insider’s Rating
4/5
Fees
No monthly maintenance fees
Annual Percentage Yield (APY)
Earn 6.17% APY on up to and including the first $1,000, then earn 0.15% to 6.17% on the remaining balance.
0.15% to 6.17%
Minimum Opening Deposit
$5
Pros
- Low minimum opening deposit
- No monthly maintenance fees
- Earn a high interest rate on the first $1,000 in your account
Cons
- Low interest rate for balances over $1,000
Product Details
- 23 branches in Massachusetts and New Hampshire
- To become a member of Digital FCU, you or a family member must meet one of the following requirements: 1) You work or are retired from a company that is listed as a participating employer; 2) You belong to an organization that is listed as a participating organization; 3) You live, work, worship, or go to school in a select area in a Massachusetts county (Chelmsford, Lowell, Tewksbury, Worcester are eligible counties) or live in a New Hampshire condominium association
- Access to over 5,500 shared branches and 30,000 surcharge-free ATMs through the CO-OP Shared Branch and ATM networks
- Earn 6.17% APY on the first $1,000 in your account
- Interest rate drops on the remaining balance on your account
- Must keep $5 in account to maintain membership status
- Interest compounded and deposited monthly
- Federally insured by the NCUA
6% interest savings FAQs
Which bank gives 6% interest in a savings account?
Digital Federal Credit Union has a savings account paying 6.17% APY on balances up to $1,000. The remaining balance will earn 0.15% APY.
How do I get 6% on my savings?
To get 6.00% APY or more, you may join Digital Federal Credit Union. Membership is limited to people who live in select areas of Massachusetts, live in a New Hampshire participating condominium community, work for a Select Employer Group, or belong to a local participating organization.
How much interest will $20,000 earn in a 6% savings account?
If you deposit $20,000 into a savings account paying 6% APY, you'd earn around $1,200 in one year. Currently, there's only one account that pays 6% APY — Digital Federal Credit Union's savings account — and it only pays 6.17% APY on balances up to $1,000.
Banking Editor
Sophia Acevedo is a banking editor at Business Insider. She is a banking expert, and has about three years of experience reviewing banking products and analyzing savings and CD trends.Sophia oversees Personal Finance Insider's banking vertical. She edits and writes bank reviews, banking guides, and banking, budgeting, and savings articles for the Personal Finance Insider team.Sophia joined Business Insider in July 2021. Sophia is an alumna of California State University Fullerton, where she studied journalism and minored in political science. She is based in Southern California.You can reach out to her on Twitter at @sophieacvdo or email sacevedo@businessinsider.com.Read more about how Personal Finance Insider chooses, rates, and covers financial products and services »Below are links to some of her most popular stories:
- Are banks open today? Here's a list of US bank holidays for 2024
- Best CD rates
- Best High-yield savings accounts
- Four reasons why your debit card might be denied even when you have money
Top Offers From Our Partners
SoFi Checking and Savings Earn up to 4.60% APY on savings balances and up to a $300 bonus with qualifying direct deposit. FDIC Insured. There is no minimum direct deposit amount required to qualify for the 4.60% APY for savings. Members without direct deposit will earn up to 1.20% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. To earn the $300 bonus, the customer must complete a direct deposit with a minimum initial deposit of $250 in a new SoFi Checking and Savings account within 45 days of clicking to qualify (offer expires 12/31/24).
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
**Enrollment required.
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview
Thanks for signing up!
Access your favorite topics in a personalized feed while you're on the go.
