Disclosure: We may receive compensation from some of the companies featured on this page. However, our recommendations are based on independent research and are designed to highlight the best high yield savings accounts available today.
If your savings are sitting in a low-rate account, you’re leaving free money on the table. The best high-yield savings accounts in 2026 help your cash grow faster without monthly fees or gimmicks.
I’ve tested dozens of options and narrowed it down to the ones that truly deliver, trusted banks that make saving simple, safe, and rewarding.
Top Picks for Best High-Yield Savings Account
Savers can now get better returns on their money because interest rates have gone up. This is a great chance for people to grow their emergency funds or save for big purchases.
If you’re with a big national bank, you might not be getting the best rates. Think about switching to an online bank for higher rates.
Don’t stick with a low-interest rate on your savings.
We did the research and found the best high-yield accounts for 2026:
The Full List Of Top Savings Account Options
We assess savings accounts by considering factors such as their annual percentage yield (the interest you earn), required minimum balances, branch accessibility, and the account’s terms and conditions.
1. SoFi Checking & Savings: Best overall and for the welcome bonus
If you want an easy way to make your money work harder, open a SoFi Checking and Savings account and claim a $300 cash bonus when you set up direct deposit. You can get paid up to two days early, skip overdraft fees, and earn up to 4.50% APY on your savings.
The SoFi app makes everything simple. You can freeze your card, get instant alerts, deposit checks with your phone, and manage your money in one clean dashboard.
Your money is protected up to 2 million dollars through SoFi and its partner banks. You can also use more than 55,000 free ATMs through the Allpoint network and even earn cashback on everyday purchases.
There is no minimum deposit and no monthly fees. If you want a bank that actually rewards you for saving and spending smarter, SoFi is one of the best options out there right now.
Best for welcome bonus
SoFi Checking & Savings
5.0
Checking & Savings combined into one account
- Earn up to 4.50% APY on savings and 0.50% APY on checking balances
- No monthly fees, minimum balance requirements, or overdraft fees
- Earn up to $300 with direct deposit, terms apply
2. Axos ONE®: Best for high-yield savings
If you want to earn more on your savings, open an Axos ONE account with Axos Bank and take advantage of one of the highest APYs available right now. You can get paid up to two days early, skip monthly fees, and start saving smarter today.
The Axos app gives you full control from your phone. You can deposit checks instantly, track your spending, set account alerts, or freeze your card in one tap. If you ever need cash, Axos reimburses every ATM fee in the United States so you always have access to your money without worry.
You can earn up to 4.51% APY when you receive at least $1,500 in monthly direct deposits into your checking account and keep an average balance of $1,500. There is no minimum deposit required to start and setup only takes a few minutes.
Your money is protected with FDIC insurance up to $250,000 per depositor.
If you are ready to earn more and make banking easier, open your Axos ONE account today and start earning up to 4.51% APY on your savings.
Axos One® Savings And Checking Bundle
5.0
Best for high-yield savings
- Earn up to 4.51% APY on savings, and 0.51% APY on checking
- Get your money up to 2 days early
- No monthly maintenance, minimum balance, account opening, or overdraft fees
- Access expanded FDIC Insurance for up to $265 million
3. CIT Platinum Savings Account: Best for high balances
If you want your savings to actually grow, the CIT Bank Platinum Savings Account is one of the best options available right now. You can earn a strong 3.85% APY on balances of five thousand dollars or more, while still enjoying complete flexibility and no hidden fees.
There are no account opening or maintenance fees, and you only need a $100 deposit to get started. Interest compounds daily, so you earn on both your balance and the interest you have already made.
With the CIT Bank mobile app, you can transfer funds, deposit checks remotely, and move money between accounts with ease. Your deposits are FDIC insured for peace of mind, and you get unlimited transfers and withdrawals each month.
To qualify for the top rate, simply keep your balance at five thousand dollars or more. Balances below that earn 0.25% APY, which is still solid for keeping your money liquid.
If you are ready to earn more on your savings, open your CIT Bank Platinum Savings Account and start growing your balance with one of the best rates available today.
Best for high balances
CIT Platinum Savings
4.8
- Earn their top-tier 3.85% APY when you maintain a $5,000+ balance
- No monthly service fees or account opening costs
- FDIC insured and easy online access to your funds
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of September 23, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100. Member FDIC. For complete list of account details and fees, see our Personal Account disclosures. (https://cit-fcb-t.cit.com/cit-bank/resources/forms)
4. CIT Savings Connect: Best for no fees
If you want a savings account that rewards consistency, the Savings Connect account from CIT Bank makes it easy to grow your money while building strong saving habits. You can earn a competitive 3.75% APY and boost your rate even higher when you make qualifying deposits into your linked interest bearing eChecking account.
There are no monthly fees and no minimum balance requirements, so every dollar you add goes straight toward your savings goals. You only need $100 to open your account, and everything can be managed directly from the CIT Bank app including transfers, deposits, and tracking your progress.
Your money is FDIC insured, giving you peace of mind as your savings grow over time.
If you are ready to start earning more and saving smarter, open your Savings Connect account today and take advantage of one of the top high yield savings rates available.
Best for no fees
CIT Savings Connect
5.0
- Earn a competitive 3.75% high-yield rate that beats the national average
- No monthly maintenance fees or hidden charges
- Open an account with just $100 minimum deposit
APY — Annual Percentage Yield is accurate as of September 23, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account. Member FDIC. For complete list of account details and fees, see our Personal Account disclosures. (https://cit-fcb-t.cit.com/cit-bank/resources/forms)
5. Quontic Bank: Best for ease of use
If you want a savings account that pays above the national average, the Quontic Bank High Yield Savings account is an excellent choice. You can earn a strong 3.75% APY, which is more than 10 times the national average. Interest is compounded daily and credited monthly, helping your balance grow faster.
There are no monthly fees and you only need $100 to open an account. You can also access your money through 90,000 fee free ATMs across the country using your Quontic ATM card.
Your interest starts growing every day that your balance meets the minimum daily requirement, and there are no balance tiers to worry about. Just keep in mind that there is a $10 fee for each transaction over 6 during a single statement cycle for pre-authorized or automatic withdrawals.
If you want a simple way to earn more on your money without fees or complicated rules, open a Quontic Bank High Yield Savings account and start earning 3.75% APY today.
Best for ease of use
6. Live Oak Savings: Best for no balance requirement
Live Oak Bank is a trusted digital bank based in Wilmington, North Carolina, serving customers in all 50 states. Known for its focus on small business owners and personal savers alike, it offers simple banking with strong rates and no hidden fees.
You can open a Live Oak Bank Savings Account and earn a solid 3.90% APY while keeping full access to your money. Unlike many banks, Live Oak allows unlimited monthly withdrawals, so your cash is always easy to reach when you need it.
There are no monthly maintenance fees and no minimum deposit requirements, and your funds are FDIC insured for protection. You can open an account in just minutes online and manage everything through the Live Oak Bank mobile app or website.
If you are looking for a flexible savings account that combines ease of use with a strong rate, open a Live Oak Bank Savings Account today and start earning 3.90% APY on your balance.
Best for no balance requirement
Ready to Open a Savings Account?
It is not just the convenience of opening an online savings account. A growing number of banks offer free online banking tools that help people learn how to save money.
Below is a recap best online savings accounts for 2026: