How Luminxo Recommends Savings Accounts
Luminxo uses a scoring engine to evaluate every savings account against your financial profile and goals. No guesswork — just data-driven recommendations you can understand.
Tell Us About Your Savings Goals
Share your current savings balance, monthly contribution, and primary goal — whether that is maximizing APY, building an emergency fund, or everyday savings.
We Evaluate Every Account
Our scoring engine analyzes each savings account against your profile. It considers APY competitiveness, fee structure, feature availability, and how well the account matches your stated goal.
Accounts Are Ranked Transparently
Each account receives a fit score (0-100) based on five weighted factors: goal match (40 points), APY ranking (25 points), feature match (20 points), accessibility (10 points), and rating bonus (5 points).
You Decide
Browse your personalized results, compare accounts side by side, and read exactly why each account was recommended. When you are ready, open an account directly through the bank.
What the Scoring Engine Considers
Primary Goal Match (40 pts)
How well the account aligns with your stated savings goal. An emergency fund prioritizes no fees and easy access, while highest-APY focuses on earning potential.
APY Ranking (25 pts)
How the account's APY compares relative to all other accounts in our database. Higher APY earns more points.
Feature Match (20 pts)
How many of your priority features (ATM access, mobile deposit, check writing, etc.) the account supports.
Accessibility (10 pts)
Whether the account meets your access preferences — ATM availability, physical branches, and mobile banking quality.
Rating Bonus (5 pts)
Extra points for accounts with strong independent ratings from NerdWallet, Bankrate, and other trusted reviewers.
Affiliate Disclosure
Luminxo may earn a commission when you open a savings account through our affiliate links. This does not affect account rankings — the scoring engine evaluates accounts identically regardless of affiliate status.