Best High Yield Savings Accounts – up to 5.00% APY

Here’s a list of the best high interest savings accounts.Get up to 5.10% APY with a basic savings account.There are also accounts with requirements that pay even more.We don’t receive any commissions for any of these, and ALL banks are included in this list.

Best Basic Savings Rates

Leaving money in a regular bank account will usually get you a terrible interest rate.

With a little research, we can find accounts that offer competitive rates.These are all ordinary savings accounts with no hoops to jump through, and they are FDIC/NCUA insured up to $250,000.

Please verify insured status for yourself with FDIC and with NCUA before using a bank or credit union.Also please read this article about the FDIC insurance on fintech banks as well.

Here are the best options available, rated in APY from highest to lowest:

CineFi: 4.25% (some discussion here)
OnPath CU – 4.25% elite money market ($25k minimum; $100 bonus)(see this comment)
Newtek Bank – 4.20% savings
Neighbors Bank – 4.20% savings (not accepting new applications, although apparently it’s possible to still apply)
Greenwood – 4.15% savings
Timbr – 4.15% bold savings
Openbank/Santander – 4.09% high yield savings ($180 Verizon Wireless bonus)
316 Financial – 4.05% savings ($100 checking bonus)
Vio Bank – 4.02% APY online savings
MyBankingDirect – 4.02% APY savings
Climate First Bank – 4.01% super duper savings (e-statements)
TotalBank – 4.01% money market (balances $2,500-$500,000; not available in FL)
Quontic – 4.00% money market
Comenity ‘Bread’ – 4.00% APY savings
Brilliant – 4.00% surge money market ($1,000 minimum)
Colorado Federal – 4.00%/4.05% APY savings
Adelfi CU – 4.00% high-yield money market (max $100k; rate lock for 12 months)
Limelight – 4.00% high yield savings
Peak Bank – 3.99% Envision savings (new accounts)
Zynlo – 3.90% money market
Everbank – 3.90% performance savings (new accounts)
Western Alliance – 3.90% high yield savings (review)
Popular Direct – 3.90% APY savings (see this comment)
Prime Alliance – 3.90% savings
Ivy Bank – 3.85% savings ($2,500 minimum; nationwide except for CA)
Barclays – 3.85% tiers savings (4.00% AARP + $200 bonus)
Forbright Bank – 3.85% savings
Zynlo – 3.85% savings ($100 bonus)
Oloy – 3.85% high yield savings
Redneck Bank / All America Bank – 3.85% APY money market, up to $100,000 (review)
Primis Bank – 3.85% APY savings (review)
Hustl Financial – 3.80% money market (our post)
CFG Bank – 3.80% APY high-yield money market (must maintain minimum $1,000)
Live Oak Bank – 3.80% APY savings ($300 bonus)
TAB Bank – 3.80% high yield savings
Poppy Bank – 3.75% premier savings ($25k monthly withdraw limit)
Presidential Bank – 3.75% Advantage Savings ($5k-$250k; requires checking)
BrioDirect – 3.75% high yield savings (minimum $5,000 to open)
First Foundation – 3.75% online savings
Axos – 3.75% summit savings
Bask – 3.75% savings account
CIT Bank – 3.75% platinum savings ($5,000 minimum)(see this post)
Sallie Mae – 3.70% APY money market
Primis Bank – 3.70% APY checking (review)
CIBC – 3.66% APY savings (minimum $1,000)
Synchrony – 3.65% APY savings (Paypal version here)
Apple Card/Goldman Sachs – 3.65% savings (our review)
Marcus Bank – 3.65% APY savings ($100-$1,500 bonus + .25% referral bonus)
Salem Five Direct – 3.61% APY eOne savings (see this comment)
NASB – 3.60% E-Savings (check incognito) ($10,000 minimum) (see this comment)
Merchants Bank – 3.50% APY money market
Laurel Road – 3.50% high yield savings
Northern Bank – 3.50% money market premier
U.S.Bank – 3.50% Smartly savings (but existing customers get a lower rate)
Customers Bank – 3.48% savings ($25k minimum)(auto-adjusts with fed rate)
Republic Bank – 3.46% APY money market (minimum $2,500)(nationwide except IL, IN, WI, MI)
Valley Direct – 3.40% APY savings (14,450 MyPoints signup bonus; 4.00% new customer rate)
UFB – 3.40% APY savings account (see this comment and this)
American Express – 3.20% APY savings account
MooMoo – 3.35% cash sweep (be sure to activate first)
E*Trade – 3.35% APY savings ($2,000 bonus)
One Finance – 3.35% savings ($5,000 minimum, $100,000 max)(review)
Lending Club Banking – 3.30% APY high yield savings (see below for another option)
Capital One 360 – 3.20% APY savings
Public – 3.30% high yield cash account
Wealthfront – 3.30% APY cash account (signup bonus)
Betterment – 3.25% saving account (our review)(temporary .65% boost)
Ally Bank – 3.20% APY savings or money market
Citizens Access – 3.15% APY savings account
TradeUp – 3.14% Cash+ program ($100k minimum)
Wise – 3.14% interest feature
Vanguard – 3.10% Cash Plus account
Upgrade – 3.05% APY everyday/premier/performance savings (minimum $1,000)(see this comment)
Alliant Credit Union – 3.01% APY savings
Empower/Personal Capital – 3.00% APY cash account (our review)
PenFed – 2.70% APY premium savings
T-Mobile Money – 2.50% APY savings for anyone (4% on up to $3,000 for T-Mobile customers; our review)
Fidelity – 1.84% cash management account
Chime – 1.00% savings
American Express – 1.00% APY checking account (our review)

Other Basic Options

All of these rates will fluctuate over time, and we’re constantly updating this list.

There is an advantage to a bank who has a proven track record of giving good interest rates since some of the top rates might be ‘bait-and-switch’ soon to be lowered.Banks like CFG, CIT, Marcus, Ally and some others have been known to offer competitive interest rates for many years.Their rates will also fluctuate but will likely always be a good rate.See also What’s The Best Simple High-Yield Savings Account?

Another thing to keep in mind is that while most banks automatically increase your rate as interest rates increase, some don’t.

We wrote data points on which do and which don’t here.Keep that in mind when choosing a bank.

Most of these are savings accounts, with a few checking accounts mixed in.We wrote about options for getting a high yield on your checking account in this post.

Alternative High-Yield Options

Best CD Rates

Nationwide CD Offers:

11 Months or Less

12-18 Months

19+ Months

Best Business Savings Rates

Requirement High-Interest (Nationwide)

Aside from basic accounts offering competitive interest rates, there are ultra high-yield options which are more involved and take time and patience to deal with.Bear in mind, all of the best options have velocity limits, sometimes it’s $5k, $10k, $15k, or $20k.

You’ll never be netting more than $1,000 in annual interest from any of these accounts, and it’s usually much less than that.Someone who is impatient or doesn’t have spare time would best use a standard high-interest savings account options and forget about the velocity-limited accounts.

Below you’ll find all mega high interest accounts which are available nationwide, and in the next segment we list the regional options.

Highlights:

All others:

Zolve – 4.08% with $250 direct deposit (see comment)

Rave Checking – 6.10%, up to $35000 ($1500 DD, 20 transactions)

Affinity FCU checking 5.50%, up to $15K (12 debit, $250 ach)

Connexus CU – 5.00% checking on balance up to $25,000

Climate First 3.76% Impact Checking with $500 direct deposit

Revolut – 4%-5.55% on up to $10,000 (read our post, 5.55% requires paid account)

Transportation FCU 4.5% on up to $25k (join via ACC)(15 debit; ACH)(see comment)

Revolut 4% – 5.5% account on up to $10,000 (see our original post)

Jovia 5% checking on up to $25k ($500 purchases, $500 DD)

Pen Air CU 5.05% checking, up to $10k (requires $250 ACH/month & e-statements; join with $1 donation)

Credit Union of NJ 6% on up to $25k Kasasa

FirstSouthern Bank 5.5% on up to $25k Kasasa

Revity FCU 5% high yield checking up to $15K

mph 3.75% savings on up to $50,000 (requires $2k direct deposit)

Genius CU (nationwide) 6.50% on up to $7,500 (w/10 debit trx)

Element FCU – 10% on up to $5,000 with some steep requirements

Fitness Bank 4.75% APY on up to $25k When You Have An Average Of 10,000+ Steps A Day

Presidential Bank 4.37% APY Checking On Up To $25,000 (With Requirements)

Genisys Credit Union 6.75% APY High Yield Checking Account – Up To $7,500

Aspiration Spend & Save: 3%-5% APY On Balances Up To $10,000

Elements Financial 5% APY Checking Account, up to $20,000, with requirements

Service Credit Union 3% APY On Balances Up To $3,000 + 5% savings account on up to $500

Bank of Missouri 3.05% APY on Balances Up Too $15,000 (nationwide)

Porte Bank 3% APY On Balances Up To $15,000 + $50 Referral Bonus

Western Vista Credit Union Rewards Checking 3.00% APY On Balances Up To $15,000

Varo Money Savings Account – 5% APY (balance less than $5,000)

Orion Federal Credit Union Premium Checking 5% APY On Balances Up To $10,000 (DD Not Required)

Consumers Credit Union 4.09% APY On Up To $10,000 Rewards Checking

T-Mobile Money Review – Earn 4% APY On Balances Up To $3,000 (Requires T-Mobile Account)

Liberty Federal CU (Evansville): Vertical Dividend 3.50% APY Account, Balances Up To $20,000

Great Lakes Credit Union (GLCU) – 2.50% Rewards Checking Account Review, up to $10,000

Signature FCU Rewards Checking 3.50% APY on up to $20,000 [Nationwide]

MarketUSA Federal Credit Union 3% APY Rewards Checking – Available Nationwide

Lake Michigan Credit Union: 4% Reward Checking Account On Up To $15,000

Blue Federal Credit Union 2% – 4% APY on up to $15,000

More Restrictive Options:

Requirement High-Interest (Regional)

Below are the regional accounts we’ve reviewed on the site.There are many more as well.

TX, LA, AR, MO, MS, AL, FL, TN, GA: Cadence Bank performance checking 4.75% on up to $30,000 with requirements

VA, MD, DC, NC, WV, KY, TN: CommonwealthOne CU 5.5% on up to $30,000 (join via VCC/ACC)

Parts of Nebraska, Iowa: Metro CU 6.00% 13-month CD

Texas, Oklahoma: Union Square Credit Union 3.50% APY On Balances Up To $25,000

North Carolina, South Carolina, Virginia, Georgia, Tennessee: Truliant FCU 6.25% CD
Louisiana, Arkansas: CNext Bank 7.00% APY Checking Account On Up To $30,000

Ohio: Buckeye State Bank 5% APY On Balances Up To $15,000

Iowa (Nebraska, SD): Premier Credit Union 6% APY on first $25k

Iowa: Advantage Credit Union 6% APY 12 Month CD

Texas: Keystone Rewards Checking 4.75% on up to $50,000

Nevada: Rize Credit Union Beyond Checking 7.5% APY, up to $10,000

Texas, Mississippi, Louisiana: Origin Bank Performance Checking: 4.5% APY, Balances Up To $40,000

Texas, Nevada, Michigan: InTouch Credit Union High Yield Checking Account – 6.17% APY On Balances Up To $30,000

Iowa, Nebraska, Minnesota, South Dakota: Iowa State Bank 3.25% APY on up to $25k

Arkansas, Indiana, Nevada, North Carolina, Ohio, Michigan: United Federal Credit Union: Ultra Checking Account – Earn 3% APY On Balances Up To $15,000

Maryland, Delaware: Destinations Credit Union: 3% Reward Checking Account, Up to $10,000

Wisconsin, Illinois: Landmark Credit Union 7.50% APY High Rate – Balances Of Up To $500

Virginia, North Carolina: Beacon Credit Union 5.05% APY On Balances Up To $2,500

Wyoming, Nebraska: Meridian Trust Federal Credit Union 3% APY On Balances Up To $15,000

Illinois, Iowa: South East National Bank 3% APY On Balances Up o $10,000

Arkansas, Mississippi: First Financial Bank 4.33% APY on Balances Up To $15,000 – Direct Deposit Not Required

Parts of Arizona, California: Meriwest Credit Union 2.50% savings account on up to $5k [must be opened within 30 days of joining]

Arizona Branches: Sunwest Credit Union 5.12% APY 12-Month CD (Unlimited)

Alabama: Guardian Credit Union 4% APY On Balances Up To $30,000 Ultimate Checking Account

Florida: Liberty Savings Bank 1% APY On Balances Up To $25,000; 1.5% Savings Account On Up to $50,000; $25 Referral Bonus

Georgia (partial): MidSouth FCU 5% APY Checking Account on up to $10,000

Maryland: Freedom Financial Credit Union 3% APY on balances up to $10,000

Michigan: Frankenmuth Credit Union, Kasasa Checking Account: 6.20% APY balances for the first $15

Michigan: ELGA Credit Union 6.17% APY for the first $15,000

Michigan: Orsa CU 10% on up to $1,000 (see this comment)

Michigan: First United Credit Union 4% APY + $50 Bonus ($10,000 Limit)

Michigan: Consumers Credit Union 4% APY

Michigan (nationwide?): Chief Financial Credit Union 5.00% APY – No Direct Deposit Required

Michigan: Arbor Financial CU 4% Checking On Balances Up To $15,000

Michigan: Financial Plus Credit Union 4.15% APY On Balances Up To $10,000

Michigan: Adventure Credit Union – 4% APY On Balances Up To $10,000

Michigan: Kellogg Community Credit Union 4% APY Checking Account On Balances Up To $15,000

Michigan: AAA High-Yield Checking – 2.85% On Balances Up To $10,000

Michigan: Dort Federal Credit Union 6.5% APY On Balances Up To $10,000

Minnesota: St Paul Federal Credit Union 4.99% On Balances Up To $20,000

Missouri: Legacy Bank & Trust i-Profit 4% APY on Up To $10,000

Missouri: Ozark Bank 3% APY Checking on Balances up to $10,000

Missouri: Hawthorn Bank 3.01% APY On Balances Up To $30,000

Nebraska: Liberty First Credit Union 3% APY On Balances Up To $30,000

In parts of New York: Solvay Bank 4% APY Checking on Balances up to $15,000

In parts of New York: Sunmark CU Kasasa Cash checking 6% APY up to $15,000

New York: Apple Bank Youth (6-17) Savings Account: 3% APY On Balances Up To $10,000

Ohio: Bridge Credit Union 10% APY Account On Balances Up To $1,500 (Lots Of Monthly Requirements)

Oregon: Oregon Community Credit Union (OCCU) – 5.25% APY On Balances Up To $500 Ignite Savings Account

Parts of Oregon: Trailhead Credit Union 5% APY on up to 15k in Kasasa checking + another 15k in linked Kasasa saver ($30K total)

South Dakota: Reliabank Ultimate Checking – 3.51% APY On Balances Up To $25,000 – Direct Deposit Not Required

El Paso, Texas only: Evolve FCU Rewards ePriority Checking Account – 3% APY On Balances Up To $10,000

Texas: Neighborhood Credit Union 4.25% APY On Balances Up To $50,000 + $200 Bonus

parts of Texas: Education Credit Union 5.00% APY on up to $50,000

parts of Washington: People’s Community FCU 5.00% loyalty check, up to $35k; People’s Community FCU Loyalty Savings: 6.00% on $750

Washington, parts of Oregon: IQ Credit Union 5.50% APY on up to $25k

Washington, parts of Oregon: Columbia Credit Union 5.5% APY up to $25k checking

Washington: WECU Credit Union 8% APY up to $5K checking + 6% on up to 2.5K in Stash savings

Washington: STCU 5.09% APY on balances up to $500 with no requirements

Washington: Canopy Credit Union offering 5.12% APY on first $25k

Washington, Oregon, Idaho: Gesa 3.00% APY on $500 in Savings (no requirements) and $5,000 Checking (requirements) (our review)

Wyoming: WyHy FCU 3% APY SmartReturns Checking Account On Balances Up To $15,000 – Direct Deposit Not Required

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by mycardopinions.
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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.