While a checking account serves as the central repository for your money, a savings account can offer a smart way to store extra cash to help you meet financial goals. There’s the online-only kind, which is typically offered by newer banks without a retail presence. Your savings account can be a great place to store an emergency fund, money for a down payment for a home or even vacation savings. Whether you want to open your first savings account or find a different place for your money, you’ve come to the right place. With no branches to maintain or tellers to pay, online banking tends to offer a higher annual percentage yield, or APY, which pays you more in interest over time. These high APY accounts are often referred to as “high yield.” In contrast, most bigger institutions, regional banks and local credit unions with physical branches provide a way to make deposits or withdraw funds in person and have a face-to-face conversation. Most savings accounts fall into one of two categories.

Here are our picks for best savings accounts. You also get a free Chime checking account — the two are a money package deal, like conjoined twins — which serves as the primary mechanism for depositing and withdrawing funds. Chime If you’re comfortable working with a financial institution that’s exclusively online, Chime’s high-yield account offers the best combination of features for a personal savings account: no fees, convenient ways to move money in and out, a slick app — and one of the higher interest rates available with .5% APY savings account rate. You can deposit checks remotely via Chime’s modern, capable app, and the included Visa debit card can be used at more than 38,000 MoneyPass and Visa Plus Alliance ATMs. Sallie Mae Sallie Mae, perhaps best known as a student loan provider, also offers a goal-based savings account with no minimum deposit and the highest APY currently available.

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The company frames its SmartyPig account as “a free online piggy bank for people saving for financial goals like holiday gifts, vacations, and even retirement.” That noted, using this bank account to save for retirement isn’t recommended — especially because of Sallie Mae’s odd, regressive approach to interest rates, which start at a 0.7% higher APY on balances below $2,500 and gradually decrease to 0.55% on balances above $50,000. Still, if you’re looking to save a modest amount of money for a specific purpose — and maximize your interest rate while you’re doing it — SmartyPig is worth a look. That’s because the SmartyPig account comes with no ATM card, Sallie Mae doesn’t have branches where you can make deposits or withdrawals, and there’s no app to enable easy online savings account transfers. As such, this account is best-suited to people who are new to saving their money, who plan to build or maintain balances under $10,000 and who might ultimately benefit from less convenient access to their money.

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Citi If you prefer dealing with a large bank, Citi’s Accelerate account offers a competitive APY and all the benefits of a national chain with branches across 42 US states. Note that although Citibank is one of the largest banks in the world, it doesn’t have a foothold in every state. If branch access is your priority, you’re better off with a different personal savings account if you live in California; Connecticut; Illinois; Maryland; Nevada; New Jersey; New York; Virginia; Washington, DC; Puerto Rico; or one of several parts of Florida. PNC Available only to residents of the 19 states where PNC doesn’t have a retail location, which are New York, Pennsylvania, New Jersey, Delaware, Maryland, Virginia, North Carolina, South Carolina, Georgia, Alabama, Florida, Ohio, West Virginia, Kentucky, Illinois, Michigan, Indiana, Missouri, Wisconsin and Washington DC. Though this bank account requires no minimum initial deposit, Citi will charge you $4.50 monthly maintenance fee if your checking account balance falls below $500. You get free access to more than 60,000 Citi and other surcharge-free ATMs, 24/7 customer service and other perks if you link a Citi checking account to your savings account.

• Doi Inthanon National Park
• Baan Mae Kampong
• Flight of the Gibbon
• Buddha Image Foundry
• Khao Sok National Park
• Chula Mani Temple
• Doi Luang National Park

PNC’s online-only high-yield savings account offers a decent interest rate, no minimum initial deposit, no minimum balance, no monthly maintenance fee or other fees. That noted, you’ll need to make an initial online savings deposit of at least $100 to open an account, and this online bank will charge you a $5 fee per month if you choose to have paper statements delivered. What are the major differences between checking and savings accounts? Vio Bank A subsidiary of MidFirst Bank, the largest privately owned bank in the US, Vio Bank itself is a purely an online bank. Otherwise, the fee schedule is more or less similar to what you’ll find at other banks. So, you’ll need to manage all your bank account transactions online — either on the bank’s website or in its app. Though Vio’s APY isn’t as high as that offered by other banks, its annual percentage yield is consistently competitive.