💰 Best High-Yield Savings Accounts

6 accounts
Editor's Choice

SoFi Checking & Savings

$300 Bonus

Integrated checking + savings account with up to 4.30% APY. No monthly service fees and earn up to $300 with direct deposit.

4.30% APY No monthly fees FDIC Insured
Learn More on SoFi's website

Requirements

  • Direct deposit to earn 4.30% APY
  • No minimum balance
  • No minimum deposit to open

Bonus Details

  • $50 for $1K-$4,999 direct deposit
  • $150 for $5K-$19,999
  • $300 for $20K+ within 25 days

Pros

  • Industry-leading 4.30% APY
  • Up to $2M FDIC insurance
  • 55,000+ free ATMs
  • Early direct deposit

Cons

  • Requires direct deposit for best APY
  • No branch locations

Axos ONE®

4.31% APY

Earn up to 4.31% APY on savings with requirements. No monthly maintenance or minimum balance fees. Early payday & integrated checking/savings bundle.

4.31% APY No monthly fees ATM fee refunds
Learn More on Axos Bank's website

Requirements

  • $1,500+ monthly direct deposit
  • $1,500 average balance
  • No minimum to open

Features

  • Get paid up to 2 days early
  • Unlimited ATM fee refunds
  • Combined checking & savings

Pros

  • Highest APY available (4.31%)
  • $265 million FDIC coverage
  • No overdraft fees

Cons

  • Top rate requires direct deposit
  • Online only, no branches

CIT Bank Platinum Savings

$300 Bonus

Competitive 3.75% APY for balances of $5,000+. Secure FDIC-insured banking with digital convenience. $300 bonus when you deposit $50,000+.

3.75% APY No monthly fees $5K for best rate
Learn More on CIT Bank's website

Requirements

  • $5,000 balance for 3.75% APY
  • $100 minimum to open
  • Below $5K earns 0.25% APY

Bonus Details

  • $300 bonus with $50K+ deposit
  • Maintain balance for 90 days
  • New customers only

Pros

  • Strong 3.75% APY on $5K+
  • Daily compounding interest
  • Unlimited transfers

Cons

  • Tiered rates favor high balances
  • Low rate below $5K

Savings Connect

3.65% APY

Earn 3.65% APY on all balances with no monthly fees. Designed for savers who want simplicity and transparency. Great option for people prioritizing no-fee accounts.

3.65% APY No monthly fees No minimum balance
Learn More on CIT Bank's website

Requirements

  • $100 minimum to open
  • No minimum balance required
  • Same rate on all balances

Features

  • Flat rate with no tiers
  • Mobile app access
  • Easy online transfers

Pros

  • Simple, no-frills savings
  • Consistent 3.65% APY
  • FDIC insured

Cons

  • Lower rate than competitors
  • No sign-up bonus

Quontic Bank

3.75% APY

Earn 3.75% APY with no monthly fees. Strong online savings account features. Focused on making savings simple and accessible.

3.75% APY No monthly fees 90K+ free ATMs
Learn More on Quontic's website

Requirements

  • $100 minimum to open
  • No minimum balance for APY
  • Daily interest compounding

Features

  • 24/7 online & mobile access
  • ATM card available
  • Digital-first banking

Pros

  • Competitive 3.75% APY
  • No balance tiers
  • 90,000+ fee-free ATMs

Cons

  • $10 fee for 6+ withdrawals/month
  • No sign-up bonus

Disclosure: APYs are accurate as of November 2025 and may change at any time. Some accounts require minimum balances or direct deposits to earn advertised rates. All accounts are FDIC insured up to $250,000 per depositor, per bank.

Frequently Asked Questions

What is a high-yield savings account?
A high-yield savings account (HYSA) is a savings account that pays significantly higher interest than traditional bank savings accounts. While the national average savings rate is around 0.45%, the best high-yield accounts like Axos ONE offer rates of 4.31% APY or higher.
Are high-yield savings accounts safe?
Yes, as long as they're FDIC insured. All the accounts on our list are backed by FDIC insurance, which protects your deposits up to $250,000 per depositor, per bank. Some banks like SoFi offer extended coverage up to $2 million through partner banks.
How much should I keep in a high-yield savings account?
Financial experts recommend keeping 3-6 months of living expenses in an easily accessible savings account as an emergency fund. Beyond that, you might consider investing additional savings for potentially higher long-term returns.
Are there any fees with high-yield savings accounts?
Most online high-yield savings accounts have no monthly maintenance fees. However, some may charge fees for excessive withdrawals (typically more than 6 per month) or wire transfers. All accounts on our list have no monthly fees.
Can I have multiple high-yield savings accounts?
Yes, there's no limit to how many savings accounts you can have. Opening accounts at multiple banks can help you take advantage of sign-up bonuses, stay under FDIC insurance limits, and organize savings for different goals.

Why Trust Our Recommendations

We've been covering savings accounts since 2018. Our team independently researches each account, verifies APYs, and tracks rate changes weekly. We only recommend banks with FDIC insurance and transparent terms.

When you open an account through our links, we may earn a commission at no extra cost to you. This helps us keep the site running and our information free.

Verified Rates

Every APY is confirmed before publishing

FDIC Insured Only

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Updated Weekly

We check for rate changes every week