What type of savings institution pays the most interest on a savings account?

In the US, there are all sorts – like dozens and dozens – of banks that are offering 2.50 or 2.60% on money these days.

Go to https://www.bankrate.com and click on either Savings or Money Market accounts. Savings accounts may more interests, but there are some mild restrictions on how many transactions per month.

Really easy to find alternatives these days.

Most of the higher interest banks are on-line only. Cost them less because the don’t have “bricks and mortar” to pay for and maintain.

Boeing Employees Credit Union (which is open to the public) offers 6.17% APY on savings accounts (up to $500) and 4.07% APY on checking accounts (up to $500),