High-Yield Savings Rates
A high-yield savings account pays several times the interest of a typical bank savings account, and the money stays insured. We list the accounts we have checked, highest rate first, with the date we last checked each one. Use the calculator to see what a deposit would earn.
Rates last checked Oct 14, 2026
| Minimum deposit | Monthly fee | Insured by | Checked | Links | ||
|---|---|---|---|---|---|---|
| Happen Bank LevelUp Savings (formerly LendingClub) 4.20% (3.00% standard) | 4.20% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| Openbank High Yield Savings | 4.00% | $500 | $0 | FDIC | Rate source Earnings at this rate | |
| Bask Bank Interest Savings | 3.90% | $0 (no minimum balance requirement) | $0 | FDIC (via Texas Capital Bank) | Rate source Earnings at this rate | |
| Axos Summit Savings | 3.75% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| Synchrony High Yield Savings | 3.55% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| Wealthfront Cash Account 3.55% base (up to 4.45% with boosts) | 3.55% | $0 (no minimums) | $0 | FDIC via program banks (up to $8M eligibility); not a bank | Rate source Earnings at this rate | |
| Marcus by Goldman Sachs Online Savings | 3.50% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| SoFi Savings 3.30% with eligible direct deposit (up to 4.20% with 0.90% boost) | 3.30% | $0 | $0 | FDIC (up to $3M via program banks) | Rate source Earnings at this rate | |
| UFB Portfolio Savings | 3.26% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| Barclays Online Savings | 3.20% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| Ally Savings Account | 3.10% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| American Express High Yield Savings | 3.10% | $0 | $0 | FDIC | Rate source Earnings at this rate | |
| Capital One 360 Performance Savings | 3.10% | $0 | $0 | FDIC | Rate source Earnings at this rate |
How we calculate
APY (annual percentage yield) is the interest a year of monthly compounding produces, so a $10,000 deposit at 4.00% APY earns exactly $400 in 12 months if the rate does not change.
Earnings. We compound monthly at the rate that gives the APY: interest = deposit × ((1 + APY)months ÷ 12 − 1). Monthly fees and taxes are not taken off, and savings rates can change at any time.
National average. The comparison uses the national average savings rate published by the FDIC, with the same formula.
Checking rates. Each rate is copied from the bank's own page on the date shown. Sponsored links never change the order, which is always by APY.
Common questions
Is my money safe in a high-yield savings account?
At a bank insured by the FDIC (or a credit union insured by the NCUA), deposits are covered up to $250,000 per depositor, per bank, per ownership category. Check the "Insured by" column.
Why do the rates change?
Savings rates are variable. Banks move them, often after the Federal Reserve changes its rate. That is why each row shows the date we checked it.
What is the difference between APY and interest rate?
The interest rate is the yearly rate before compounding. APY includes compounding, so it is the better number to compare accounts with.
Is the interest taxed?
Yes. Interest counts as income in the year it is paid, and the bank sends a 1099-INT form when it is $10 or more. The calculator shows interest before tax.
Read our guide: Best Online Banks in 2026: Rates, Fees and Features Compared
Not financial advice. This tool gives estimates from the numbers you enter, for information only. It is not financial, tax or legal advice. Rates, fees and prices change, so check with the provider, and talk to a qualified professional before you decide.