Bank · FDIC insured
Nelnet Bank Savings Rates
A $3B bank headquartered in Draper, UT, with 1 branch in Utah. It opens accounts online nationwide.
How Nelnet Bank’s savings rates compare
Compared with banks and credit unions nationwide. $10,000, best rate first.
This bank’s best
Nelnet Bank
3.50%APY
- Requires
- None
- Minimum
- $5,000
- Earns on $10,000 a year
- $350
Emergency Savings Account
Top rate
NET Credit Union
6.00%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $600
2nd-highest rate
Westerra Credit Union
6.00%APY
- Requires
- Another account
- Minimum
- —
- Earns on $10,000 a year
- $600
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Emergency Savings Account
3.50%APY
Must enroll through employer BenefitEd program with contributions via automatic payroll deduction. U.S. citizen or permanent resident, age 18+.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $5,000 | 0.99% | — |
| $5,000 and up | 3.50% | $350 |
Sources (1)
- nelnetbank.com/partners/benefi…ergency-savings-accounts · captured Oct 4, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.