The interest rate is the most important indicator when choosing a savings account. This is why it is the main information shown for each savings account on our comparison tool. It is important to pay attention to the fees (monthly fees, transaction fees…) since they could quickly exceed your interest income. Finally, some customers would choose the institution where they already have their checking account to open a new savings account, because transfers are made almost instantly between accounts, within the same financial institution. If you wish to narrow your search to only one or two financial institutions, select the institution name on the left sidebar.