Saving money is important, and where you save it can make a big difference.
Traditional banks often offer very low interest rates, sometimes not even enough to keep up against inflation. That’s why many people are switching to online savings accounts. They’re easier to use, available 24/7, and often pay much higher interest.
With so many options available, including digital banks and crypto platforms, choosing the right one can be confusing.
In this guide, we’ll explain what to look for in an online savings account, compare the main types available today, and show how platforms like SwissBorg can offer higher returns.
If you're looking to grow your savings, choosing the right account is essential. The best online savings accounts offer more than just convenience, they combine strong returns, ease of use, and solid protection for your funds.
To help you decide, here are a few key things to look for:
Some of the best-performing accounts in 2025, came from neobanks and smaller digital banks across Europe, offering interest rates above 4%, minimal fees, and intuitive mobile apps.
A great savings account fits your goals, whether that’s earning more, keeping things simple, or knowing your funds are safe.
Today, there are more ways to save than ever, understanding the differences between them is key to choosing the right one. Each option has its pros and cons, depending on your goals, like stability, higher returns, or more flexibility.
Here’s how the three main categories compare:
Each type of savings platform serves a different purpose. Understanding how these options differ can help you build a savings strategy that fits your goals and comfort with risk.
A high interest rate can be appealing, although what really makes a difference is how well the platform fits your financial habits, your goals, and your approach to risk.
The best way to decide is to think through a few practical questions:
Even after choosing the right platform, it’s easy to overlook details that can affect how your savings grow. Beyond interest rates and slick interfaces, there are a few less obvious factors that deserve attention.
Higher yields often come at a cost. Some accounts may promise attractive returns but require you to lock up funds, take on more risk, or accept less flexibility. And in the case of crypto platforms, those returns might rely on mechanisms that are more complex, or less predictable than traditional finance.
It’s important to check how interest is calculated, if there are limits on withdrawals, and if any hidden fees apply. Some platforms only apply their best rates to part of your balance or may change their terms without much notice.
That’s why spreading your savings across different platforms can be a smart move. Diversification adds an extra layer of protection, reducing the risk of one provider underperforming or changing its conditions unexpectedly, even for everyday savers.
To make that strategy work, staying curious is key. As offers change and platforms evolve, checking in regularly helps you adjust and ensures your savings keep working toward your goals.
Saving today means navigating more choices than ever, from traditional banks to digital platforms and crypto tools. Each option comes with trade-offs, but that variety also opens space to find the best online savings account for your needs, one that fits your habits, goals, and lifestyle.
In the end, choosing the best online savings account isn’t about chasing the highest number. It’s about making steady, informed decisions that help your money grow over time.