Savings Rates

The Simple Dollar has worked with a number of providers to collect savings account rates for your convenience. The above tool will help you find top rates in your area. As with all such services, however, I strongly encourage you to research the individual banks before committing to an account. Do your own homework and you’ll always win.

Methodology

SimpleScore

The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.

For every review, our editorial team:

  • Identifies five measurable aspects to compare across each brand
  • Determines the rating criteria for each aspect score
  • Averages the five aspect scores to produce a single SimpleScore

Here’s a breakdown of the five aspect scores and their rating criteria for our review of the best credit monitoring services of 2020.

Why do some brands have different SimpleScores on different pages?

To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

However, it’s also possible for brands to have different SimpleScores across multiple pages on The Simple Dollar. For instance, if we compare Experian’s ID theft monitoring services using SimpleScore, it scores a 4 out of 5. However, if we apply our SimpleScore methodology for credit monitoring services, Experian scores a 4.4 out of 5. Each unique criteria results in separate SimpleScores for multiple brands based on what we’re comparing.

Questions about our methodology?

Email Hayley Armstrong at hayley@thesimpledollar.com.

Basic plan price

We award brands who have lower monthly costs for credit monitoring services with higher scores in our methodology.

Premium plan price

We award brands who have lower monthly costs for credit monitoring services with higher scores in our methodology.

Perks

Who doesn’t like a nice perk? We awarded brands with higher scores if they offered perks to customers, such as free trials, family plans, discounts for annual billing and more than two pricing tiers.

Customer support

The SimpleScore system rewards brands that have multiple channels of support so customers can contact representatives in a variety of way.

Mobile app rating

We compared brands based on their mobile app ratings as an average of Google Play and iOS App Store ratings.

Trent Hamm

Founder of The Simple Dollar

Trent Hamm founded The Simple Dollar in 2006 after developing innovative financial strategies to get out of debt. Since then, he’s written three books (published by Simon & Schuster and Financial Times Press), contributed to Business Insider, US News & World Report, Yahoo Finance, and Lifehacker, and been featured in The New York Times, TIME, Forbes, The Guardian, and elsewhere.