Last Updated: May 2026
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FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Get overdraft coverage
02
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
3.20% Annual Percentage Yield* Savings
03
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Earn 4.10% APY on a high-yield savings account with 90-day rate lock
04
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
4.10%* Platinum Savings APY Boost on $5k minimum deposit with code CITBoost
05
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Earn 3.40% APY on a high-yield savings account
06
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
For a limited time, earn a cash bonus up to $250. Terms apply*
07
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Earn your bonus in 3 simple steps
Best High-Yield Savings Account
01
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Get overdraft coverage
01
SoFi® Checking & Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Get overdraft coverage
Limited Time Offer: 0.70% Boost on Savings APY to up to 4.00%. Terms apply
02
American Express® Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
3.20% Annual Percentage Yield* Savings
Apply for an account in minutes
03
EverBank Performance® Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Earn 4.10% APY on a high-yield savings account with 90-day rate lock
04
CIT Bank Platinum Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
4.10%* Platinum Savings APY Boost on $5k minimum deposit with code CITBoost
05
Synchrony Bank High Yield Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Earn 3.40% APY on a high-yield savings account
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E*TRADE Premium Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
For a limited time, earn a cash bonus up to $250. Terms apply*
07
Western Alliance Bank High-Yield Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Earn your bonus in 3 simple steps
Best High-Yield Savings Account
01
SoFi® Checking & Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, up to at least $250,000 per depositor, per insured bank.
Get overdraft coverage
Limited Time Offer: 0.70% Boost on Savings APY to up to 4.00%. Terms apply
Learn more about how findbanks.com rankings are determined.
Savings account rates fluctuate based on the economy and competition among banks. The current national average, or APY, is 0.42%. The best high-yield savings accounts have much higher rates with APYs of around 4% or more:
(Based on the latest FDIC estimates)
(Based on rates from our featured financial institutions)
Annual percentage yield, or APY, measures how much interest your account can earn over a year. The higher the APY, the more money you can earn.
Keep reading to learn more about how high-yield savings accounts work, or explore our best high-yield savings account 2026 reviews.
With a high-yield savings account, or HYSA, your deposits earn more over time. These accounts can be a smart way to grow your savings faster, particularly when it comes to building emergency funds or saving for future goals.
Here’s how a $5,000 deposit into a high-yield savings account would grow at different rates:
Pros
Cons
To open a high-interest savings account, start by visiting the bank’s website and completing the application. The process is quick and typically takes only a few minutes. You may need to provide proof of identification, such as your Social Security number or tax ID, which is a standard requirement for opening any bank account.
Once your account is set up, you can link an existing bank account to transfer money in and out of your HYSA account. Some accounts may require an opening deposit, which is usually between $1 and $100.
Additional steps for opening a specialized bank savings account:
Ratings Disclaimer: The star ratings of our teams are established by our editorial team, utilizing scoring formulas that consider various data points for each financial product and service.
SoFi Disclaimer: New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
CIT Bank Disclaimer: This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria. Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate. The Promotion begins on February 13, 2026, and ends May 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions. The promotion can end at any time without notice.
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100. Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026. For complete list of account details and fees, see our Personal Account disclosures.
E*TRADE Disclaimers: *Cash Bonus: To be eligible , you must apply promo code SPRING26 at the time of account opening. This promotional code is intended for single use only. This offer is only valid for a new Premium Savings Account (PSA). This offer is not valid for Checking, Max-Rate Checking or line of credit accounts that we or our affiliates offer. IRA and non-IRA Brokerage accounts are ineligible. This offer is only eligible for one newly opened and funded Premium Savings Account (PSA) that is funded within 30 days of opening. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid. Customer may only be enrolled in one PSA cash bonus offer at a time. Cannot be combined with any other PSA cash bonus offers. Each customer is limited to a lifetime maximum of two new Premium Savings Account cash bonus offers. Offer may be removed at any time. Other restrictions may apply.
¹This offer is only valid for a new Premium Savings Account (“PSA”). This offer is not valid for Checking, Max-Rate Checking or line of credit accounts that MSPBNA or its affiliates offer. IRA and non-IRA Brokerage accounts are ineligible. The Promotional Annual Percentage Yield (“Promotional APY”) will be automatically applied to the account, and will remain effective for 180 days (the “Promotion Period”), after which it will automatically revert to the Standard Annual Percentage Yield (“Standard APY”) without requiring any action from you. Accounts must be opened by 6/9/2026 to qualify for the Promotional APY. No minimum balance required, and the offer may be withdrawn at any time. Excludes non-U.S. residents, and residents of any jurisdiction where this offer is not valid. Other restrictions may apply. Please visit etrade.com/premiumsavings for more information.
²No minimum initial deposit is required to open an account. However, account must be funded within 30 days to remain open.
³Transfer Money transactions made between existing accounts will be processed immediately. Funds deposited to accounts via Transfer Money from external accounts will be available for investment or withdrawal on the third business day after the date of deposit if transferred by 4 p.m. ET.
Synchrony Bank Disclaimer: Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.
SoFi® Checking & Savings
Convenient, high-yield banking
SoFi®’s combination Checking and Savings Account is designed for easy money growth, featuring some of the best annual percentage yields around. Customers can take advantage of up to 4.00% APY with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26), zero account fees, solid customer support, and access paychecks two days ahead of time.
American Express® Savings
Save more effortlessly with no fees
The American Express® High Yield Savings Account is designed to help maximize savings with no minimum balance requirements and no monthly fees. Offering a competitive 3.20% APY (as of 3/18/2026), it features daily compounding interest to boost long-term growth. With easy online account management, auto-deposit options, and the trusted support of American Express, it provides a simple and reliable way to grow savings.
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