- Earn 5.25% APY
- No monthly maintenance fees
- No minimum deposit required to open an account
- Access your funds 24/7 with easy-to-use digital banking tools
- Enjoy peace of mind with FDIC insurance up to the maximum allowance limit ® Certificate #35546
Whether you have a specific savings goal in mind or just want to have an extra cash cushion available, high-yield savings accounts are a great option to grow your nest egg.
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- Best High-Yield Savings Accounts
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Most products on this page are from partners who may compensate us. This may influence which products we write about and where and how they appear on the page. However, opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain.
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UFB Direct Secure Savings Account
- APY5.25%
UFB Direct breaks balances into five tiers, but, currently, there is only one interest rate.
- Intro BonusN/A
- Monthly
Maintenance Fee$0 - Minimum
Deposit RequiredN/A
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The UFB Direct Secure Savings Account has one of the highest interest rates we’ve seen for a high-yield savings account at up to 5.25% APY. Plus, there are no monthly fees and no minimum balance to open.
- APY5.25%
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CIT Bank Platinum Savings Account
- APY5.05%
Earn 5.05% APY on balances over $5,000. Balances of less than $5,000 earn 0.25% APY. Annual Percentage Yield is accurate as of July 27, 2023. Interest rates for the Platinum Savings account are variable and subject to change at any time without notice.
- Intro BonusN/A
- Monthly
Maintenance Fee$0 - Minimum
Deposit Required$100
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- Get 12x the National Average on your savings.
- Your CIT Bank account is FDIC insured, which means it's secure.
- CIT Bank's mobile app makes it easy to manage your account.
- No account opening or monthly services fees, so you can keep what you earn.
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The CIT Bank Platinum Savings account offers one of the top APYs on the market right now, and CIT's flexible transfer options make it easy to access your money. So long as you're able to consistently maintain an account balance of $5,000 (the minimum amount required to earn this account's top APY) you'll likely find a lot of value in this account.
- APY5.05%
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SoFi Checking and Savings
- APY0.50% - 4.60%
Customers earn 4.60% APY on savings balances when they set up recurring monthly direct deposit of their paycheck or benefits provider via ACH deposit. Alternatively, deposit at least $5,000 each month to earn 4.60% APY on your savings balance. Checking balances earn 0.50% APY
- Intro Bonus$50-$300Expires June 30, 2024
New customers can earn a $300 bonus for opening a new SoFi Checking and Savings account and receiving a total of $5,000+ in qualifying direct deposits within the specified evaluation period; receive $1,000 - $4,999 in qualifying direct deposits to earn a $50 bonus.
- Monthly
Maintenance Fee$0 - Minimum
Deposit RequiredN/A
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- Bonus: Up to $300
- APY: Up to 4.60% (direct deposit or minimum monthly deposit required)
- Monthly Fees: None
- Minimum Balance Requirement: None
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SoFi Checking and Savings boasts an impressive 4.60% APY on savings balances for customers who set up direct deposit, or who deposit at least $5,000 each month. This account also offers 0.50% APY on checking balances. There are no monthly maintenance fees, and new customers can even earn a generous signup bonus worth up to $300. If you don’t care about physical bank locations, this is a great option.
- APY0.50% - 4.60%
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CIT Bank Savings Connect Account
- APY4.65%
Annual Percentage Yield is accurate as of July 27, 2023. Interest rates for the Savings Connect account are variable and subject to change at any time without notice.
- Intro BonusN/A
- Monthly
Maintenance Fee$0 - Minimum
Deposit Required$100
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- Get a competitive rate on your Savings Connect account
- With the CIT Bank mobile app, deposit checks from your mobile device and make transfers easily
- CIT Bank is your partner in savings. There are no account opening or monthly service fees for savings accounts
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CIT Bank's Savings Connect account is one of our top picks for high-yield savings accounts. Featuring a competitive flat APY on all balances, it can go head-to-head with most of the top savings accounts available. What's more, you don't have to do anything special to earn this high interest rate; many similar accounts (including some offered by CIT) only offer their highest interest rates to customers who complete certain requirements.
- APY4.65%
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Citizens Access® Savings
- APY4.50%
- Intro BonusN/A
- Monthly
Maintenance Fee$0 - Minimum
Deposit Required$0.01
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- Serious savings
- No fees, no surprises
- FDIC insured
- Help if you need it (available 7 days/week)
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If you plan to park your money for some time, the Citizens Access Savings account is a good bet. This account features an incredible APY, and currently all balances earn the highest rate available. You only need to deposit $0.01 to open an account and earn the APY, and this account doesn't have other fees associated with it.
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Synchrony High-Yield Savings Account
Open AccountSynchrony High-Yield Savings Account
- APY4.75%
- Intro BonusN/A
- Monthly
Maintenance Fee$0 - Minimum
Deposit RequiredN/A
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- No minimum deposit
- No minimum balance
- No monthly fees
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Synchrony offers an above-average interest rate on its High-Yield Savings Account. And with no minimum balance or opening deposit requirements, its easier to hold this account than many similar options. We also appreciate the inclusion of an ATM card for easy funds access.
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Quontic Bank High Yield Savings Account
- APY4.50%
- Intro BonusN/A
- Monthly
Maintenance Fee$0 - Minimum
Deposit Required$100
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- Earn 4.50% APY with a Quontic High Yield Savings Account
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn
- Open an account online in just 3 minutes
- Interest is compounded daily and credited to your account every month
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Quontic High Yield Savings offers customers 4.50% APY, which is a moderately good rate for a high-yield savings account. There’s a low minimum of $100 to open your account, as well as no monthly fees, but as a digital-only bank Quontic does not have physical locations.
Maintenance Fee
Deposit Required
UFB Direct breaks balances into five tiers, but, currently, there is only one interest rate.
Earn 5.05% APY on balances over $5,000. Balances of less than $5,000 earn 0.25% APY. Annual Percentage Yield is accurate as of July 27, 2023. Interest rates for the Platinum Savings account are variable and subject to change at any time without notice.
Customers earn 4.60% APY on savings balances when they set up recurring monthly direct deposit of their paycheck or benefits provider via ACH deposit. Alternatively, deposit at least $5,000 each month to earn 4.60% APY on your savings balance. Checking balances earn 0.50% APY
New customers can earn a $300 bonus for opening a new SoFi Checking and Savings account and receiving a total of $5,000+ in qualifying direct deposits within the specified evaluation period; receive $1,000 - $4,999 in qualifying direct deposits to earn a $50 bonus.
Annual Percentage Yield is accurate as of July 27, 2023. Interest rates for the Savings Connect account are variable and subject to change at any time without notice.