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
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- 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.
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 has spent three years as a personal finance journalist and is an expert across numerous banking topics.ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, and budgeting and saving. She is highly knowledgeable about long-term trends in rates and offers at banks across the U.S.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circ*mstances and overcoming their fears around money.ExpertiseSophia's expertise includes:
- Bank accounts
- Savings and CD rate trends
- Budgeting
- Saving
- How banks operate
EducationSophia graduated from California State University Fullerton with a degree in journalism and a minor in political science.She is an avid reader across a variety of genres, and she started running in 2021. She ran in the 2024 Los Angeles Marathon.
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