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According to an October 2015 GOBankingRates survey on savings habits, majority of American adults have less than $1000 as liquid cash. It means that they might not have enough cash in hand to cover emergencies or cover things such as travel and holiday spending. A savings account can help you prepare for large purchases like a vacation or a car, and it’s where you stash your rainy-day fund.

The best savings accounts provide great customer service and cool savings features, along with higher-than-average interest rates.Hence, increasing the interest rates for saving accounts was one of the step taken to encourage people save more money and invest in saving accounts.

Shopping for the best savings account available is a crucial first step whether you’re opening a new savings account or making sure your current savings are in an account with a high annual percentage yield.The best savings account offers high interest rates, no or low fees, no or low minimum balance, no limitations on withdrawals & deposits & guaranteed FDIC insurance. Most of the bank try a combination of two or three of the above feature and make you an offer. Below is a list of top 10 Best Savings Accounts:

1. MySavingsDirect MySavings Account – This online no-fee, no-minimums account had the highest APY on this list — 1.10% APY. Account holders have the added benefit of linking the savings account to their current checking account without having to switch banks.

2. Ally Bank – Ally Bank has one of the best savings accounts when it comes to the overall digital experience. The website is easy to use, and the bank’s mobile apps are compatible not only with Apple and Android devices, but also with Windows phones and Amazon’s Kindle Fire. It also offers real-time chat support, unlike most of its competitors. The 1.00% APY is close to the best interest rate on the market, and the account has no monthly fee and requires no minimum deposit.Ally is a good choice for people who want a top-tier online experience, along with a strong interest rate.

3. Synchrony Bank – Synchrony offers an excellent savings account along with the convenience of an ATM card. It pays a solid interest rate of 1.05% APY. The monthly fee is waived if you maintain a manageable $30 minimum balance, and you earn a variety of perks — like discounts on car rentals, hotels and spas — for saving more money. The bank maintains a branch in Bridgewater, New Jersey, but otherwise you should expect to conduct your business, and get customer support, by phone, online or via mobile.

4. eOne Savings – eOne Savings offers 1.10% APY until January 1, 2017 with absolutely no commitment. Just $100 to open, no minimum balance, and no monthly fees. Easy Mobile transfers, deposits, no commitment movement of money are some of the features of this account.

5. Barclays – Barclays’ Online Savings Account is another 1 percent APY option for the depositor interested in high yields with few penalties or restrictions. In addition to no monthly fees or minimum balance requirement, the account offers features such as direct deposit capability, online access and online transfers.

6. Discover Bank – You’ll need at least $500 to open an Online Savings Account with Discover Bank, but you’ll get a healthy 0.95% APY. There is no ongoing minimum balance or monthly maintenance fee. For easy ATM access, Discover’s Money Market Account features free withdrawals at 60,000 ATMs nationwide. That account earns 0.80% APY on balances under $100,000, or 0.85% over that amount.

7. CIT Bank – CIT Bank’s High Yield Savings Account currently offers a 1 percent APY with no monthly fee; however, it does require a minimum deposit of $100. With zero fees, CIT Bank’s account starts compounding interest on that opening deposit daily, potentially helping you build your savings faster.

8. American Express – Perhaps better known for its credit cards, American Express offers a High Yield Savings Account with a competitive interest rate of 0.90 percent. It has a $0 minimum balance, no opening deposit requirement and no monthly fee attached to it.

9. Capital One 360 – Capital One 360 offers an unattractive interest rate of 0.75% APY. But f you’re looking for an all around online bank, then Capital One 360 is a great choice. With Capital One 360, you have access to savings, checking, CDs, mortgages and investment accounts. Additionally, Capital One offers auto loans and credit cards.

10. EverBank – EverBank offers 1.60% Bonus Interest Rate for the first six-months on all balances, and a promotion yield of 1.11% on balances over $150,000 for 12 months. $1,500 is needed to open an account, but simply having a positive balance will waive any monthly fee. In the tech department, EverBank delivers mobile check deposit and other features on iOS and Android.

Opening an account with any of the above banks will give you the flexibility to control your money with ease and at the same time maintain some emergency funds and earn some interest on them. So you can review the options available and decide on the most suitable saving account for you.Keeping your checking and savings accounts at the same bank can be more convenient when you want to transfer money or use one account as overdraft protection for the other.