Best High Yield Savings Accounts

June 17th, 2019

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Overview

Interest rates on traditional savings accounts can be almost nonexistent. In fact, they’re often zero. As depressing as this is, it doesn’t mean you have to settle. If you’re looking to maximize your savings, a high-yield savings account is a great way to do so.

Also known as high-interest savings accounts, high-yield savings accounts are just like traditional ones but with higher interest rates! All high-yield savings accounts are not made equal though. In order to grow your savings as much as you can, you’ll need to shop around. When deciding on which bank to open your account with, you’ll want to compare interest rates (APY) and minimum balances. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best high-yield savings accounts available.

Want to learn more about high yield savings accounts and other savings accounts, check out our video playlist on Maximize Your Savings!.

Alliant High-Rate Savings

Alliant Credit Union Logo

APY

Account
Minimum

2.10%

Ally Online Savings

Ally Bank Logo

APY

Account
Minimum

2.20%

American Express Personal Savings

American Express National Bank Logo

APY

Account
Minimum

2.10%

Barclays Online Savings

Barclays Logo

APY

Account
Minimum

2.20%

Capital One 360 Savings

Capital One Logo

APY

Account
Minimum

1.00%

CIT Bank Premier High Yield Savings

CIT Bank Logo

APY

Account
Minimum

1.55%

CIT Bank Savings Builder

CIT Bank Logo

APY

Account
Minimum

2.40%

or $100 to open + $100 monthly deposit

Citizens Access Online Savings

Citizens Access Logo

APY

Account
Minimum

2.35%

Discover Online Savings

Discover Logo

APY

Account
Minimum

2.10%

E-Trade Premium Savings

E-Trade Bank Logo

APY

Account
Minimum

2.10%

to avoid $10 monthly fee you will need a $1,000 average monthly balance

HSBC Direct Savings

HSBC Logo

APY

Account
Minimum

2.30%

Marcus By Goldman Sachs Online Savings

Marcus By Goldman Sachs Logo

APY

Account
Minimum

2.25%

PurePoint Online Savings

Purepoint Financial Logo

APY

Account
Minimum

2.35%

Sallie Mae High-Yield Savings

Sallie Mae Logo

APY

Account
Minimum

2.10%

Synchrony High-Yield Savings

Synchrony Bank Logo

APY

Account
Minimum

2.25%

TIAA Basic Savings

TIAA Logo

APY

Account
Minimum

1.10%

to avoid $5 monthly fee you will need a $25 average daily balance