The best returns on your savings can be found at online banks

Clements is a big fan of Ally’s savings accounts. The digital bank offers a 1.90 percent annual return, and you can open a free checking account with the bank at the same time, making access to your savings account easy. The savings accounts come with no fees or minimum deposit.

Synchrony Bank also offers a savings account with a 1.90 percent annual return — and its customers can get an ATM card, although as with many online savings accounts, there is a limit of six withdrawals or transfers in a month.

This restriction is actually helpful to people, said Greg McBride, chief financial analyst at Bankrate. “Too easy access can defeat the purpose of saving,” he said.

American Express, Barclays and Marcus – the consumer bank of Goldman Sachs — are now offering a 1.90 percent annual return, too.

If you want to chase a higher rate, you can put your savings in CIT Bank, which holds more than $50 billion in assets. The bank offers a 2.15 interest rate, but you have to deposit at least $100 a month or maintain a daily balance of $25,000 or more.

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