Looking for the Best Savings Account? Start Here.
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Traditional savings accounts have dismal interest rates. Compare these high yield savings accounts to earn more than the 0.40% national average.
Right now, the best savings APY can be found with CIT Bank, which earns 3.85% APY with a balance of $5,000 or more. You can open an account with just $100 and start earning interest right away. Find out more
CIT Bank Platinum Savings - 3.85% APY
- 3.85% APY with a balance of $5,000 or more
- 0.25% APY with a balance of less than $5,000
- $100 minimum opening deposit
- No monthly maintenance fee
- Member FDIC
UFB Portfolio Savings - Earn up to 3.76% APY
- Earn up to 3.76% APY.*
- No monthly maintenance fees.
- No minimum deposit required to open an account.
- Access your funds 24/7 with easy-to-use digital banking tools.
- Enjoy peace of mind with FDIC insurance up to the maximum allowance limit – Certificate #35546.
High-Yield Savings Premier - 4.10% APY
- No account fees
- Option to open individual or joint account
- FDIC insured up to $250,000 per depositor
- Only $500 minimum opening deposit
Top CreditDonkey Picks:
- Best Rate from an FDIC-Insured Bank -
Axos ONE - Earn up to 4.51% APY - Best Rate from an NCUA-Insured Credit Union -
GreenState Credit Union: High-Yield Savings Account - 3.25% APY - Best Rate from a Top 20 National Bank -
CIT Bank Platinum Savings - 3.85% APY
CreditDonkey's Choice
High-Yield Savings Premier - 4.10% APY
- No account fees
- Option to open individual or joint account
- FDIC insured up to $250,000 per depositor
- Only $500 minimum opening deposit
- Axos ONE:
Earn up to 4.51% APY - Northpointe Bank:
High-Yield Savings Account - 4.25% APY - Live Oak Bank:
High Yield Savings Account - 4.15% APY - Mission Valley Bank:
High Yield Savings Account - 4.12% APY - mph.bank:
High-Yield Savings Account - 4.11% APY - Western Alliance Bank:
High-Yield Savings Premier - 4.10% APY - Citizens State Bank:
High-Yield Savings Account - 4.08% APY - Shelby Savings Bank:
High-Yield Savings Account - 4.07% APY - Paprika Capital Bank:
High-Yield Savings Account - 4.05% APY - Liberty Savings Bank:
High Yield Savings Account - 4.01% APY - Citi® Savings:
0.03% APY - Wells Fargo:
Platinum Savings - 0.01% APY - Chase Savings℠:
0.01% APY - Bank of America Advantage Savings:
0.01% APY
Compare Money Market Accounts
If you want more flexibility with your money, consider a money market account instead of a regular savings account. A money market account is like a savings account and it usually lets you get access to your money more often.
| APY | Minimum Deposit | ||
|---|---|---|---|
| HealthcareBank: Money Market Deposit Account | 4.36% | $1 | Learn More |
| SkyOne Federal Credit Union: Money Market Deposit Account | 4.15% | $1 | Learn More |
| Generations Bank: Money Market Deposit Account | 4.15% | $1 | Learn More |
| Harborstone Credit Union: Money Market Deposit Account | 4.10% | $1 | Learn More |
| American First Credit Union: Money Market Deposit Account | 4.10% | $1 | Learn More |
| Hanover Bank: Money Market Deposit Account | 4.10% | $1 | Learn More |
| First National Bank of Brookfield: Money Market Deposit Account | 4.08% | $1 | Learn More |
| UNCLE Credit Union: Money Market Deposit Account | 4.04% | $1 | Learn More |
| mph.bank: Money Market Deposit Account | 4.01% | $1 | Learn More |
| Sterling Federal Bank: Money Market Deposit Account | 4.00% | $1 | Learn More |
Compare CD Interest Rates
If you want to save money and don't need it soon, consider a Certificate of Deposit (CD). You will need to put in a fixed amount of money for a fixed amount of time. In exchange, you will get interest rates that are usually higher than the average savings account.
| APY | Minimum Deposit | ||
|---|---|---|---|
| UNCLE Credit Union: 36-Month Callable CD | 4.20% | $1 | Learn More |
| mph.bank: 60-Month Callable CD | 4.20% | $1 | Learn More |
| Generations Bank: 48-Month Callable CD | 4.20% | $1 | Learn More |
| Dayspring Bank: 1-Month High-Yield CD | 4.15% | $1 | Learn More |
| SkyOne Federal Credit Union CD Rates | Up to 4.15% | $1 | Learn More |
| Mission Valley Bank CD Rates | Up to 4.15% | $1 | Learn More |
| Dayspring Bank CD Rates | Up to 4.15% | $1 | Learn More |
| SkyOne Federal Credit Union: 3-Month High-Yield CD | 4.15% | $1 | Learn More |
| SkyOne Federal Credit Union: 48-Month Callable CD | 4.15% | $1 | Learn More |
| Mission Valley Bank: 1-Month High-Yield CD | 4.15% | $1 | Learn More |
| Freedom Bank: 3-Month High-Yield CD | 4.10% | $1 | Learn More |
| Ponce Bank CD Rates | Up to 4.10% | $1 | Learn More |
| Freedom Bank CD Rates | Up to 4.10% | $1 | Learn More |
| Consumers Credit Union: 12-Month High-Yield CD | 4.10% | $1 | Learn More |
| Freedom Bank: 1-Month High-Yield CD | 4.10% | $1 | Learn More |
| SkyOne Federal Credit Union: 1-Month High-Yield CD | 4.10% | $1 | Learn More |
| Sterling Federal Bank: 3-Month High-Yield CD | 4.09% | $1 | Learn More |
| HealthcareBank: 7-Month High-Yield CD | 4.05% | $1 | Learn More |
| Generations Bank CD Rates | Up to 4.05% | $1 | Learn More |
| Generations Bank: 6-Month High-Yield CD | 4.05% | $1 | Learn More |
Why Open a High Yield Savings Account
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- More interest: Interest rates are not that high these days. But if you put your money in an online savings account, it can grow more.
- Less bank fees: Online high-yield accounts are less likely to have a monthly service fee or minimum balance requirement.
- Flexibility: You can access your funds whenever you need it. Your money is not tied down in a savings account. Just note that most banks have a limit of 6 withdrawals per month.
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| Visit Site | Learn More | Learn More | |
| Savings | High-Yield Savings Premier: 4.10% APY |
| Bank of America Advantage Savings Standard Rate: 0.01% APY |
|---|---|---|---|
Western Alliance Bank: Information sourced from the published website as of 09/30/2025. Chase: Pricing information and data points from published website as of 08/26/2025. Bank of America: Pricing information from published website as of 10/02/2025 based on 91107 zip code. | |||
| APY | Minimum Deposit | ||
|---|---|---|---|
| Axos ONE | Up to 4.51% on savings and 0.51% APY on checking | $0 | Learn More |
| Northpointe Bank: High-Yield Savings Account | 4.25% | $1 | Learn More |
| Live Oak Bank: High Yield Savings Account | 4.15% | $1 | Learn More |
| Mission Valley Bank: High Yield Savings Account | 4.12% | $1 | Learn More |
| mph.bank: High-Yield Savings Account | 4.11% | $1 | Learn More |
| Western Alliance Bank: High-Yield Savings Premier | 4.10% | $500 | Learn More |
| Western Alliance Bank: High Yield Savings Account | 4.10% | $1 | Learn More |
| Citizens State Bank: High-Yield Savings Account | 4.08% | $1 | Learn More |
| Shelby Savings Bank: High-Yield Savings Account | 4.07% | $1 | Learn More |
| Paprika Capital Bank: High-Yield Savings Account | 4.05% | $1 | Learn More |
| Liberty Savings Bank: High Yield Savings Account | 4.01% | $1 | Learn More |
| Live Oak Bank: Personal Savings | 4.00% | $0 | Learn More |
| Davis Trust Company: High-Yield Savings Account | 4.00% | $1 | Learn More |
| Dayspring Bank: High-Yield Savings Account | 4.00% | $1 | Learn More |
| First Mid Bank & Trust: High Yield Savings Account | 3.92% | $1 | Learn More |
| The State Exchange Bank: High Yield Savings Account | 3.86% | $1 | Learn More |
| CIT Bank Platinum Savings | 3.85% APY with a balance of $5,000 or more | $100 | Learn More |
| Customers Bank: High-Yield Savings Account | 3.76% | $1 | Learn More |
| Quontic: High Yield Savings | 3.75% | $100 | Learn More |
| CIT Bank Savings Connect | 3.75% | $100 | Learn More |
Is Your Money Safe in an Online Savings Account
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Online banks are safe. As long as you use a bank that is FDIC insured, your money is protected. The FDIC insures your money up to $250,000 should the bank fail. This means that online banks are just as safe as in-person banks.
Plus, online banks have advanced security and encryption to protect your personal information.
Can You Lose Money in an Online Savings Account
No, your savings have reliable returns and no risk of losing money (up to the FDIC insurance limit). Even if the interest rate decreases, your cash will not.
But if you are keeping your money in a savings account for a long time, your money will lose value because of inflation. The amount of money won't decrease, but you will have less purchasing power. This is why savings accounts should be used for emergency funds and short term goals.
How to Choose a Savings Account
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Here are some things to look for when choosing a savings account:
- Opening deposit: Does the account have a required minimum deposit? There are lots of banks that let you open an account with $0 too.
- Monthly service fee: Some banks charge a monthly service fee unless you keep a certain balance in your savings account. This can become a hassle. Luckily, there are plenty of online banks that don't have monthly fees.
- Balance requirements: Some accounts have balance requirements in order to get the highest APY possible.
- APY rate: Look for the account with the highest interest rate with requirements you can satisfy. Higher APY will help you grow your money faster.
- Access to money: How does the bank let you access your funds? Generally, you can transfer funds online through the website or mobile app. But some may even provide an ATM card for withdrawals.
Axos ONE - Earn up to 4.51% APY
- APY: Up to 4.51% on savings and 0.51% APY on checking
- Minimum Deposit to Open: $0
- Monthly Fee: No monthly maintenance fee
- Balance Requirement: $0
High-Yield Savings Account - 4.25% APY
- APY: 4.25%
- Minimum Deposit to Open: $1
- Monthly Fee: $0
- Balance Requirement: $0
High Yield Savings Account - 4.15% APY
- APY: 4.15%
- Minimum Deposit to Open: $1
- Monthly Fee: $0
- Balance Requirement: $0
High-Yield Savings Account - 4.11% APY
- APY: 4.11%
- Minimum Deposit to Open: $1
- Monthly Fee: $0
- Balance Requirement: $0
Compare Checking Account Bonus Offers
Bank of America Advantage Banking - Up to $500 Cash Offer
- The cash offer up to $500 is an online only offer and must be opened through the Bank of America promotional page.
- The offer is for new checking customers only.
- Offer expires 1/31/2026.
- To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days.
Cash Bonus Total Qualifying Direct Deposits $100 $2,000 $300 $5,000 $500 $10,000+ - If all requirements are met 90 days after account opening, Bank of America will attempt to deposit your bonus into your new eligible account within 60 days.
- Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
- Additional terms and conditions apply. See offer page for more details.
- *A Qualifying Direct Deposit is a direct deposit of regular monthly income – such as your salary, pension or Social Security benefits, which are made by your employer or other payer – using account and routing numbers that you provide to them.
- Bank of America, N.A. Member FDIC.
HSBC Premier - Earn Up to $3,500
- Get a $1,000 Cash Bonus: Add and maintain New Deposits of $150,000 to $249,999
- Get a $2,500 Cash Bonus: Add and maintain New Deposits of $250,000 to $499,999
- Get a $3,500 Cash Bonus: Add and maintain New Deposits of $500,000+
Earn a $25 Extra Cash Bonus when you register and logon to the HSBC US Mobile Banking App3 by December 31, 2025.
If all offer requirements are met, Cash Bonuses will be paid by May 31, 2026.
U.S. Bank Business Essentials - $400 Bonus
Promo code Q4AFL25 MUST be used when opening a U.S. Bank Business Essentials®, or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.
Earn your $400 Business Checking bonus by opening a new U.S. Bank Business Essentials account between 10/01/2025 and 1/14/2026. You must make deposit(s) of at least $5,000 in new money within 30 days of account opening and thereafter maintain a daily balance of at least $5,000 until the 60th day after account opening. You must also complete 5 qualifying transactions within 60 days of account opening.
Qualifying transactions include debit card purchases, ACH credits, Wire Transfer credits and debits, Zelle credits and debits, U.S. Bank Mobile Check Deposit or Bill Pay or payment received via U.S. Bank Payment Solutions. Other transactions such as (but not limited to) other Person to Person payments, transfers to credit card or transfers between U.S. Bank accounts are not eligible.
New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials Pricing Information Document for a list of fees.
Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.
Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.
All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.
Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC
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