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Best High-Yield Online Savings Accounts

Conor Keenan By: | Updated: November 03, 2026 | We check the rates shown against the providers’ published information. Rates and terms can change. Use the links below to visit each provider’s website for current rates, requirements, and full offer details.
Accredited Wealth Management Advisor® designee with 10+ years covering banking & investing. His work has appeared in The Wall Street Journal, Reuters & Yahoo Finance.

Editorial Independence: Opinions, recommendations, and reviews are our own. Partner commissions help keep our site free. They do not influence our editorial content.

You're in the right place. Every day, we help thousands of serious savers earn more than the 0.37% national average APY. Simply by opening a new high yield savings account below your money could grow 8x – 10x faster. These are the same vetted accounts we trust with our own families’ money. See the full list & choose the right one for you to start earning more.

 

Need help deciding?

What matters most to you right now?

Need help deciding?

What matters most to you right now?

To recap our recommendations.

Best Savings Accounts According To CompareAccounts™

SoFi® Checking and Savings: 4.40%​ APY & Earn up to $400 with qualifying activities

Western Alliance Bank® High Yield Savings Account: 4.30% APY - 90 Day Rate Lock

American Express® High Yield Savings Account: 3.20% APY as of November 03, 2026

American Express® High Yield Savings Account: 3.20% APY as of November 03, 2026

CIT Bank® Platinum Savings Account: 3.75% APY

Synchrony Bank High Yield Savings Account: 3.75% APY

CIT Bank® Savings Connect Account: 3.65% APY

The State Exchange Bank High Yield Savings Account: 2.51% APY

Certificate of Deposit Accounts are better for longer terms and fixed rates

A certificate of deposit can help you lock in a fixed APY for a set term, if you have a lump sum you do not plan to use soon these are a great option.

To recap our recommendations

Best Certificates of Deposit According to CompareAccounts™

Estimated earnings Estimated earnings is shown per $10,000 deposited and assumes the deposit is held for the listed term using the displayed APY, which already reflects compounding. Because values are rounded, multiplying the displayed amount provides an approximation only. Actual earnings may vary due to account terms, balance tiers, fees, rate changes, timing, withdrawals, or rounding. For illustration only.
A recap of the certificate of deposit offers listed in the comparison table above
Bank / institution APY Term Estimated earnings Estimated earnings is shown per $10,000 deposited and assumes the deposit is held for the listed term using the displayed APY, which already reflects compounding. Because values are rounded, multiplying the displayed amount provides an approximation only. Actual earnings may vary due to account terms, balance tiers, fees, rate changes, timing, withdrawals, or rounding. For illustration only. Learn more

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5.0/5
CompareAccounts™ Score

STILL COMPARING?

A cash bonus.
A savings boost.

Explore SoFi Checking and Savings.

Up to $400 Cash bonus
with Direct Deposit①
Boost to 4.40% APY For up to 6 months
with Eligible Direct Deposit

Limited Time Offer: +1.10% boost on new accounts with Eligible Direct Deposit.

View Bonus + APY Details

On SoFi's Secure Site Member FDIC

① Bonus eligibility and Direct Deposit requirements apply. APY is variable. See SoFi for full offer terms.

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 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

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