Best High-Yield Savings Accounts

Here is a list of the best high-yield savings in the United States, according to our study. The best savings accounts pay 8-10 times the national average. Rates and annual percentage yields (APYs) are effective as of February 1, 2024.

LendingClub High-Yield Savings

LendingClub Bank N.A., member FDIC, is an award-winning digital marketplace bank headquartered in Lehi, Utah.
Annual Percentage Yield (APY): 5.00%
No monthly service fees
No minimum balance requirement after $100 to open
Free ATM card available
Free Transfers
Your deposits are FDIC-insured

Western Alliance Bank Savings Account

Annual Percentage Yield (APY): 5.32%
Monthly fee: None
Minimum balance: $1
Overdraft fee: None
FDIC Insured

UFB Secure Savings

UFB Secure Savings is provided by Axos Bank.
Annual Percentage Yield (APY): 5.25%
No maintenance or service fees
No minimum deposit requirement
Free transfers between direct deposit accounts
Complimentary ATM card
FDIC Insured

Marcus by Goldman Sachs High Yield Online Savings

Annual Percentage Yield (APY): 4.40%
Monthly fee: None
Minimum balance: None
Overdraft fee: None
FDIC Insured

Ally Bank Savings Account

Annual Percentage Yield (APY): 4.35%
Monthly fee: None
Minimum balance: None
Overdraft fee: None
FDIC Insured

Synchrony Bank High Yield Savings

Annual Percentage Yield (APY): 4.75%
Monthly fee: None
Minimum balance: None
Overdraft fee: None
FDIC Insured

Bask Mileage Savings Account

1,500+ 5-Star Customer Reviews
Earn 2.5 American Airlines AAdvantage miles for every $1 saved annually
Earn up to 5,000 Bonus AAdvantage miles
Best for earning airline miles
Monthly fee: None
Minimum balance: None
FDIC Insured

SoFi Checking and Savings

SoFi won 15 banking awards from 11 industry publications last year.
Up to 4.60% APY
No account, overdraft or monthly fees
Earn up to $300 with direct deposit
Get paid up to two days early
Access additional FDIC insurance up to $2 million
Get up to 15% cash back at local establishments when you pay with your SoFi debit card
FDIC Insured

BMO Alto Online Savings Account

Annual Percentage Yield (APY): 5.15%
No monthly fees
$0 minimum opening deposit
No minimum balance requirements
Unlimited transfers and withdrawals
FDIC Insured

Varo Savings Account

Up to 5% APY
Monthly maintenance fee: $0
Minimum balance to open account: $0
Minimum balance to earn APY: $0.01
Overdraft fee: None
FDIC Insured

Live Oak Bank Savings

Annual Percentage Yield (APY): 4.40%
No Monthly Maintenance Fees
No Minimum Balance Requirements
FDIC Insured

American Express High Yield Savings Account (HYSA)

Annual Percentage Yield (APY): 4.35%
No Monthly Fees
No minimum balance
24/7 world-class customer service
Member FDIC

Barclays Online Savings Account

Annual Percentage Yield (APY): 4.35%
No monthly maintenance fees
No minimum balances to open
Online transfers to and from other banks
Member FDIC

SFGI Direct Savings Account

SFGI Direct is an internet bank and a subsidiary of Summit Community Bank.
Annual Percentage Yield (APY): 4.26%
No Monthly Service Charges
Minimum balance to earn interest $1
Online account opening
FDIC insured