Best High-Yield Online
Savings Accounts
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- National Savings Rate Avg.*: 0.38%
- See 10x & higher rates from our partners
APY
as of November 13, 2026
Annual Percentage Yield (APY)
- Min. to Earn APY: $0
- Min. to Open2: $0
- 3.20% APY1
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the World-Class Service & Reliability of American Express®
- Terms Applyⓘ
- See Site for Details
Terms Disclosure:
1. The Annual Percentage Yield (APY) as advertised is accurate as of November 13, 2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded
2. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.
3. iOS and Android only. See app store listings for operating system info.
4. For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.
On American Express
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APY
Annual Percentage Yield (APY)
Chase Bank Details
- Savings Account
- 0.01% APY
- $300 balance to avoid the service fee
- Monthly service fee up to $5
- $3 Chase fee per withdrawal at non-Chase ATMs in the U.S.; ATM-owner fees may also apply.
- Potential missed interest A low APY could mean thousands of dollars less in interest over time, depending on your balance & the rates available elsewhere.
- Other Miscellaneous Fees Apply
Frequently Asked Questions About Online Savings Accounts
What is a Online Savings Account?
An online savings account is a type of bank account that offers a higher Annual Percentage Yield (APY) than a checking account.
A checking account is used for money that needs to be moved quickly such as to pay bills or use for ever day spending.
Whereas a savings account is a better option for money that doesn’t need to be used right away, for example your emergency fund.
How to Find The Best Online Savings Account?
Arguably the best way to find the best savings accounts is right here on www.compareaccounts.com. Although we don't showcase every single savings account available, we stand by our recommendations as the highest tier of the best accounts in America.
Why are Online Savings Accounts Better Than Traditional Ones?
Traditional banks offer low rates on savings accounts. This is because they're managing insanely large amounts of money and need to manage their risk profile. The less “guaranteed returns” they provide, the less risky their overall portfolio becomes. As a result, traditional banks only offer about .01-.10% interest on their savings accounts. A high yield account offers up to 3.65% interest on your savings. Which is nearly 10x the national average. Now you know why so many people are switching to a high yield savings account.
Is My Money Safe?
Yes! Savings accounts listed on this page are protected by the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation insures Bank and thrift deposits up to $250,000.
How Do I Open a Online Savings Account?
Easy. Simply click on the "view details" button above of your selected finanicial instution. Once you arrive at our partners site, you'll be able to open your new savings account safely and securely.
*National Savings Rate Average as published by FDIC