The ideal savings account doesn't necessarily have to be one with a bunch of fancy features. It should, however, make your money work for you without costing you much. The best savings accounts offer features such as:

Few or no month to month expenses

Liberal store and withdrawal limits

Low least store and adjust prerequisites

High loan costs

Ensured FDIC protection

Finding an investment account with the right mix of these qualities can be a test, particularly on the grounds that there is such a wide scope of record sorts, layered APYs and different components to consider. From 0.01 percent APY to more than 1 percent APY, and from no base store to $100 least store prerequisites, elements of the investment account you pick can have a noteworthy – or dull – impact on the development of your cash.

The best investment account of 2016 is the online MySavings Account from MySavingsDirect. The online record offers the most elevated APY on the rundown – 1.10 percent – and accompanies no month to month expenses, no base store and no base parity necessity. Account holders have the additional advantage of connecting the investment account to their current financial records without switching banks.

Associate Bank - Associate Bank's Online Savings Account offers a high 1 percent APY that mixes premium day by day. No month to month upkeep expense and no base equalization charge mean you can spare considerably more cash. The bank's portable store highlight profits to the record simple.

American Express - Maybe better known for its Visas, American Express offers a High Yield Savings Account with an aggressive loan fee of 0.90 percent. It has a $0 least adjust, no opening store necessity and no month to month charge connected to it.

Bank5 Connect - Bank5 Connect's 0.90 percent APY is alluring; be that as it may, it has a $10 least store required to open the record. The record can be connected to a financial records to cover overdrafts; be that as it may, account holders are restricted to six exchanges or withdrawals for each month or else they're liable to a $10 charge for each exchange.

Barclays - Barclays' Online Savings Account is another 1 percent APY alternative for the investor keen on exceptional returns with couple of punishments or limitations. Notwithstanding no month to month expenses or least adjust necessity, the record offers elements, for example, direct store ability, online access and online exchanges.

Capital One - Despite the fact that its 0.75 percent APY isn't exactly as hearty as a few records on this rundown, Capital One's 360 Savings satisfies its name as an inside and out store item for individuals hoping to spare cash with no base equalization necessities. Capital One offers a programmed investment funds arrangement program online so you can set up and track various bank accounts for particular reserve funds objectives.

CIT Bank - CIT Bank's High Yield Savings Account at present offers a 1 percent APY with no month to month charge; notwithstanding, it requires a base store of $100. With zero charges, CIT Bank's record begins aggravating enthusiasm on that opening store every day, conceivably offering you some assistance with building your investment funds quicker.

FNBO Direct - The Online Savings Account financing cost at FNBO Direct moved from 0.75 percent APY in October 2015 to 0.95 percent APY in January 2016. You can open the record with just $1 and won't be saddled with any month to month support or least adjust expenses. Like other best banks for investment accounts on this rundown, FNBO offers a cell phone application that permits individual to-individual exchanges.

iGObanking.com - The High Interest Savings Account from iGObanking.com offers 1 percent APY. It has no month to month charges, expenses or essentials to fight with, and it has the accommodation and pace of versatile managing an account highlights, so you can get to the record whenever.

Synchrony Bank - Synchrony Bank's investment account offers a 1.05 percent APY. Despite the fact that it has a month to month parity expense of $5 and a base equalization charge of $30, the record has no base parity necessity. Notwithstanding online access, the record accompanies an ATM card for simple access to your cash.