The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.
Methodology & Data Sources
Local Savings Rate Aggregation:
MonitorBankRates tracks savings account rates for California by aggregating data from local banks, local credit unions, and national online institutions. Our proprietary technology scans daily to ensure you see the most competitive high-yield savings accounts (HYSAs) and money market accounts available in your area.
Data Accuracy & Safety:
The APYs displayed for California reflect current market offers. We prioritize data from institutions that are FDIC or NCUA insured to ensure your deposits are protected, and we verify these figures against the institution's published terms to maintain high reliability for savers in CA.
Disclaimer: Savings rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions in California.
It is always advisable to check with the specific financial institution's official website for the most current offers and terms.
What are the current savings rates in California? ▼
Below is a list of current savings and money market rates available for California. We track lenders daily to provide the most up-to-date APY and term information.
U.S. Bank
Elite Money Market Account
4.00%
$25,000
Beal Bank
Statement Savings
3.45%
$500
Community Commerce Bank
The Vault Savings
3.25%
$50
Beal Bank USA
Money Market
3.25%
$1,000
Pentagon Federal Credit Union
Premium Online Savings
2.70%
$5
SchoolsFirst Federal Credit Union
Liquid Advantage Money Market
0.75%
$2,000
Murphy Bank
Regular Savings
0.60%
$500
OneUnited Bank
UNITY Plus Savings
0.40%
$100
Navy Federal Credit Union
Share Savings
0.25%
$5
Balboa Thrift and Loan Association
Tiered Statement Savings
0.15%
$0
What is a High-Yield Savings Account? ▼
A high-yield savings account is a type of savings account that pays a significantly higher interest rate (APY) than standard savings accounts. These are often offered by online banks that have lower overhead costs than traditional brick-and-mortar banks.
Are online savings accounts safe? ▼
Yes, as long as the online bank is FDIC insured. This provides the same level of protection (up to $250,000 per depositor) as a traditional bank. Always check for the FDIC logo on the bank's website.
Can I withdraw money from a savings account anytime? ▼
Yes, but there are limits. Federal Regulation D used to limit certain withdrawals to 6 per month, though this has been suspended. However, individual banks may still enforce transaction limits or charge fees for excessive withdrawals.
Do savings rates change? ▼
Yes, savings rates are variable and can change at any time based on the Federal Reserve's benchmark interest rates and market conditions. Unlike a CD (Certificate of Deposit), your savings rate is not locked in.
