Best High-Yield Savings Accounts

The My Banking Direct High Yield Savings Account account is our best overall pick because it offers a 5.35% APY regardless of the amount you deposit. With $500 minimum deposit required and 0 monthly or withdrawal fees, this offer fits almost everybody’s needs, and should be seriously considered.
 

With 5.27% APY, no monthly, NSF or ATM withdrawal fees, TAB’s offer is the best if you want to avoid as many fees as possible while still having one of the greatest APYs around.

With Varo’s High Yield Savings Account, you get a solid 5.00% APY, no monthly fees and no excessive transactions fees. And because the Varo Checking account doesn’t charge monthly maintenance fees, or have a minimum balance in your account, it’s also a solid banking offer. Ultimately, the high APY, good mobile app and low fees make this combo offer an attractive one.
 

Boasting a respectable 4.60% APY, SoFi’s Online Savings Account holds all the trimmings we’d expect from a great offer: no monthly fees, no minimum required balance, complimentary ATM card. Plus, new SoFi Bank customers can earn up to $300 by opening an account.

You’ll need a direct deposit to earn the bonus. The amount of your total qualifying direct deposits during the bank’s 25-day evaluation period.

First Tech FCU’s savings account offers the best APY for a business account on the market, with 3.30%. With only $25 required to open and no monthly fees, this high-yield savings account is our pick for the best high-yield savings account aimed at businesses. The only caveat is that it’s owned by a credit union, albeit one with very generous eligibility requirements.

If you prefer an actual bank instead of a credit union, Prime Alliance’s offer comes with an 3.85% APY, no monthly fees and no minimum deposit requirements.