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:

• OnPath CU – 5.00% elite money market ($25k minimum; $100 bonus)(see this comment)
• Roger – 4.65% savings (requires opening a checking account)(balances above $250k don’t earn interest)
• Neighbors Bank – 4.60% savings
• Peak Bank – 4.44% Envision savings (new accounts)
• Presidential Bank – 4.50% Advantage Savings ($5k-$250k; requires checking)
• Climate First Bank – 4.46% money market ($50k minimum)
• Vio Bank – 4.41% APY money market
• TotalBank – 4.41% money market (balances $2,500-$500,000; not available in FL)
• Timbr – 4.40% bold savings
• Poppy Bank – 4.40% premier savings ($25k monthly withdraw limit)
• Valley Direct – 4.40%/3.75% APY savings (14,450 MyPoints signup bonus)
• Brilliant – 4.40% surge money market ($1,000 minimum)
• MyBankingDirect – 4.40% APY savings
• Zynlo – 4.40% money market 
• Openbank/Santander – 4.40% high yield savings ($180 Verizon Wireless bonus)
• Newtek Bank – 4.35% savings 
• Brio – 4.35% high yield savings (minimum $5,000 to open)
• Primis Bank – 4.35% APY savings (review)
• Public – 4.10% high yield cash account
• Zynlo – 4.35% savings ($100 bonus)
• CFG Bank – 4.32% APY high-yield money market (must maintain minimum $1,000)
• EverBank (TIAA) – 4.30% APY Performance Savings (see this comment)
• Comenity ‘Bread’ – 4.30% APY savings
• Western Alliance – 4.30% high yield savings (review)
• TAB Bank – 4.26% high yield savings
• Republic Bank – 4.25% APY money market (minimum $2,500)(nationwide except IL, IN, WI, MI)
• Redneck Bank / All America Bank – 4.25% APY money market, up to $100,000 (review)
• Colorado Federal – 4.25% APY savings (4.45% > 50k)
• Ivy Bank – 4.25% savings ($2,500 minimum; nationwide except for CA)
• Merchants Bank – 4.25% APY money market
• Forbright Bank – 4.25% savings
• Evergreen Bank – 4.25% high yield online savings
• Fierce – 4.25% cash account (requires iOS app)($30 Swagbucks bonus)
• Styl Bank – 4.25% APY (not accepting new customers)
• Wings Financial CU – 4.25% platinum plus savings (new money only; 4.5% possible)
• Quontic – 4.25% money market
• Customers Bank – 4.23% savings ($25k minimum)(auto-adjusts with fed rate)
• CIBC – 4.21% APY savings (minimum $1,000)
• Bask – 4.20% savings account
• Jenius Bank – 4.20% savings
• Primis Bank – 4.20% APY checking (review)
• Flagstar – 4.20% savings (minimum $25k, guaranteed for 5 months, then it drops)
• Live Oak Bank – 4.10% APY savings ($300 bonus)
• Prime Alliance – 4.15% savings 
• First Foundation – 4.14% online savings
• Popular Direct – 4.10% APY savings (see this comment)
• Barclays – 4.10% tiers savings (4.40% AARP + $200 bonus)
• CIT Bank – 4.10% platinum savings ($5,000 minimum)
• BMO Harris – 4.10% alto online savings (select markets)
• NASB – 4.00% E-Savings (check incognito) ($10,000 minimum) (see this comment)
• Upgrade – 4.02% APY everyday/premier/performance savings (minimum $1,000)(see this comment)
• Salem Five Direct – 4.01% APY eone savings (see this comment)
• UFB – 4.01% APY savings account (see this comment and this)
• Synchrony – 4.00% APY savings (Paypal version here)
• Western State Bank – 4.00% APY money market (our review)
• Sallie Mae – 4.00% APY money market
• VirtualBank – 4.00% APY eMoney Market
• Axos – 4.00% summit savings
• E*Trade – 4.00% APY savings (possible $750 bonus)
• Wealthfront – 4.00% APY cash account (signup bonus)
• Northern Bank Direct – 3.75% APY premier money market
• Betterment – 4.00% saving account (our review)(temporary .50% boost)
• Dollar Savings Direct – 4.00% APY savings (see this comment)
• PNC – 3.95% high-yield savings (select areas)
• Wise – 3.92% interest feature
• Apple Card/Goldman Sachs – 3.90% savings (our review)
• Laurel Road – 3.80% high yield savings
• Citibank – 3.80% APY savings (not available in all states) (our review)
• Marcus Bank – 3.75% APY savings
• Empower/Personal Capital – 3.75% APY cash account (our review)
• Webull – 3.75% cash management account
• One Finance -3.75% savings ($5,000 minimum, $100,000 max)(review)
• TradeUp – 3.72% Cash+ program ($100k minimum)
• American Express – 3.60% APY savings account
• Ally Bank – 3.60% APY savings or money market
• Discover – 3.60% APY savings (review)
• Capital One 360 – 3.60% APY savings
• Lending Club Banking – 3.70% APY high yield savings (see below for 4.50% option)
• Citizens Access – 3.70% APY savings account
• Vanguard – 3.65% Cash Plus account
• U.S. Bank – 3.50% Smartly Savings (minimum $25,000)
• U.S. Bank – 3.50% elite money market (minimum $50,000)
• Alliant Credit Union – 3.10% APY savings
• PenFed – 3.00% APY premium savings
• Blupeak – 2.75% money market ($300 bonus)
• T-Mobile Money – 2.50% APY savings for anyone (4% on up to $3,000 for T-Mobile customers; our review)
• Fidelity – 2.21% cash management account
• Chime – 2.00% savings
• American Express – 1.00% APY checking account (our review)

Other Basic Options

• Raisin – see this post
• Axos One – 4.66% with requirements 
• Lending Club – 4.40% Level Up Savings (requires $250 deposit prior month)(see this comment)
•  First Internet Bank – 4.69% money market with balances of $1M+
• Farmers Insurance FCU – 4.50% 9 month no-penalty CD (membership via ACC)
• Maxmyinterest – 4.05% max savings (see this review first)
• Robinhood – 4.00% APY for those with Gold membership ($5/month; our review)
• M1 Finance – 4.25% APY savings account (our review)
• Morgan Stanley – 4.25% APY Preferred Savings Program
• USAlliance – 4.15% 11-month no penalty CD
• SoFi Savings – 3.80% with monthly direct deposit of any amount (our review)
• Ally Bank – 4.00% 11-month no penalty CD (review)
• Marcus – 3.90% APY 11-month no penalty CD
• J.P. Morgan Premium Deposit – 3.80% ($100,000 minimum initial deposit)
• Merrill Edge Preferred Deposit – 3.67% savings (initial opening needs $100,000)
• Customers Bank – 2.00% APY checking (requires 2 bill payments, otherwise rate is 1%)

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, Discover, 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

• Government Series I Bonds are currently offering 4.30%, you’re limiting to purchasing $10,000 annually (our review)
• U.S. Treasury Bills (our review)
• Brokerage Money market funds and Bond funds
• U.S. Series EE Bonds
• CD Annuities
• Vanguard VMFXX – 4.33% (more options)
• Fidelity SPAXX – 4.06% (more options)
• Schwab SNVXX – 4.10% (more options)
• SGOV etf treasury fund
• Interactive Brokers – 3.83% for IBKR Pro (minimum $100,000 balance)

Best CD Rates

Nationwide CD Offers:

11 Months or Less

• Gateway First 4.85% 7-month CD
• Brilliant Bank 4.55% 9-month CD
• First Bank Of The Lake 4.50% 7-month CD
• Bask Bank 4.50% 3-month CD
• Presidential Bank 4.50% 7-month CD
• NASA FCU 4.39% APY 9-month CD (review)
• America First 4.35% 5-month CD
• PopularDirect 4.35% APY 6-month CD ($10,000 minimum)
• First Tech CU 4.35% 6-month CD
• Navy Federal 4.35% 10-month CD
• CIBC 4.31% 9-month CD
• Newtek 4.25% 6-month CD
• Merchants Bank 4.25% 3/6-month CD
• Alliant 4.10% 6-month CD
• Ally Bank 4.00% APY 6-month CD
• DCU 4.00% 11 month CD
• Chase 2.25% APY 3-Month CD ($100k Minimum) (review)

12-18 Months

• Schwab up to 4.50% APY brokered CD 6-months (review)
• Vanguard up to 4.55% APY brokered CD 6-months (review)
• Fidelity up to 4.55% APY brokered CD 6-months (review)
• Merchants Bank 4.86% flex CD 12/24/36 month (rate changes, tied to fed rate) (our review)

• Clear Path FCU 5.00% 13-month CD (join with $5 donation)
• Eagle Bank 4.60% 12-month CD (not in CA, NV, or VT)
• Langley 4.50% 15-month CD
• Marcus Bank 4.40% APY 14-month CD
• Colorado Federal 4.40% APY 12-month CD
• CFG 4.35% APY 12-month CD
• Live Oak Bank 4.30% 12-month CD
• NexBank 4.27% 12-month CD (minimum $25,000)
• State Bank of Texas 4.25% APY 12-month CD (minimum $50,000) (our review)
• Bask Bank 4.25% 12-month CD
• Limelight 4.25% 12-month CD
• CFG 4.25% APY 12-month CD
• USAlliance 4.25% 12-month CD
• CIBC 4.21% 12-month CD
• Vibrant CU 4.20% 13-month CD (see this comment)
• First Internet Bank 4.20% APY 12-month CD
• NASA FCU 4.19% APY 15-month CD (review)
• My eBanc 4.15% 18-month CD (review)
• Comenity ‘Bread’ 4.10% APY 12-month CD
• Alliant 4.10% 12-month CD (4.15% with $75,000)
• Seattle Bank 4.10% APY 12-month CD
• Sallie Mae 4.05% 13-month CD
• Citizens Bank 4.00% APY 12-month CD
• Discover 4.00% APY 12-month CD
• Alliant 3.80% 18-month CD

19+ Months

• USalliance – 4.40% 24-month CD
• GTE – 4.33% 60-month CD (minimum $100k)
• Bank5connect – 4.25% 24-month add on CD
• NASA FCU 4.09% APY 49-month CD (review)
• Comenity ‘Bread’ 4.00% APY 24-month CD
• Fidelity Bank 3.50% 25-month CD
• BMO Alto 3.80% 24-month CD
• American Express 3.50% 24-month CD

Best Business Savings Rates

• Republic – 4.55% money market ($2,500 – $250k; see this comment)
• NBKC Bank – up to 4.25% business CD
• Axos Bank – 3.80% business premium savings ($375 bonus)
• U.S. Bank – 4.00% business money market (minimum $25k)
• Primis – 4.00% business savings
• Forbright – 3.15%/3.90%/4.00% savings/MM/CD
• Wise business – 3.92%
• Bluevine – 3.70% APY business checking (requires $100k and $5k spend to waive fee)
• Bluevine – 3.70% APY business checking (requires $100k and $5k spend to waive $95 fee)
• U.S. Senate FCU (USSFCU) 3.65% APY 24-month business CD (join with ACC membership free)
• Live Oak Bank – 3.35% business savings
• TAB Bank – 3.44% money market
• [CT, MA, RI, PA] Owners Bank – between 3.50% and 5.01%
• Newtek Bank – 3.50% business savings
• First Internet Bank – 3.40% APY money market
• First Internet Bank – 3.25% APY money market savings ($4,000 minimum to waive fee)
• Credit Karma – 3.00% savings for Quickbooks customers
• Panacea/Primis – 2.50% business savings
• NBKC Bank – 2.00% business money market
• Lending Club Banking 1.50% APY business savings (review)
• American Express Business – 1.30% APY checking account (up to $500,000; plus 30k bonus)
• Paramount Bank – 1.10% business money market ($5,000 minimum to avoid fee)
• Axos Bank – 1.01% APY business checking (up to $50,000)
• Newtek Bank – 1.00% business checking
• Lending Club Banking – .25% APY tailored checking (review)

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.

• Andrews FCU 5.5% APY Kasasa Cash Checking ($150 signup bonus)
• Revity FCU 6% high yield checking up to $15K 
• mph 5.00% 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 6% APY on up to $25k When You Have An Average Of 10,000+ Steps A Day
• OnPath FCU 7.00% checking on up to $10,000 with qualifications (details here)
• Elevault 4.08% (max $50,000; iOS only)
• Pelican State Credit Union Kasasa Checking Account – 5.01% APY On Balances Up To $20,000
• Presidential Bank 4.625% 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: 3% Reward Checking Account On Up To $15,000
• Blue Federal Credit Union 2% – 4% APY on up to $15,000

More Restrictive Options:

• H-E-B Netspend 6% APY Savings Account On Balances Up To $2,000
• Blue Federal Credit Union 4.99% APY Account (Up To $1,000)
• Premier Members Credit Union Reverse Tiered Money Market Account – Up To 2% APY on $2,000
• DCU 5.50% APY on balances up to $1000
• Netspend Prepaid 5% Interest Rate on up to $1,000 
• KaiPerm Credit Union 6% APY Account On Balances Up To $1,000 (Membership Restricted)
• Workers Credit Union – .56% to .85% APY savings rate, special rate of 3.61% on first $1,000

Requirement High-Interest (Regional)

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

• 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: Advantage Credit Union 6% APY 12 Month CD
• Parts of Texas: Keystone 5.50% on up to $50,000
• Texas, Mississippi, Louisiana: Origin Bank Performance Checking: 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

• Illinois: Hometown Community Banks 4.01% APY Checking Account (10 Debit Card Transactions Required)
• Indiana: Interra Credit Union 5% APY On Balances Up To $10,000
• Iowa Premier Bank 5% APY Checking on Balances up to $5,000
• Kansas: State Security Bank 3% APY On Balances Up To $10,000 – Direct Deposit Not Required

• Louisiana: Bank of Ruston: Priority Checking Account 3% APY On Balances Up To $15,000
• Louisiana: La Capitol Federal Credit Union 4.25% On Balances Up To $5,000 – Direct Deposit Not Required
• Louisiana: Bank of Montgomery (BOM) 4.07% Premium Account On Balances Up To $15,000

• Maryland: Freedom Financial Credit Union 3% APY on balances up to $10,000
• 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
• 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
• 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 4.00% 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