Example: You could earn an estimated $1,019 per year in a high-yield savings account versus an estimated $2.50 per year in a typical checking account at 0.01% APY.2 Example assumes a $25,000 average daily balance over 12 months. APY is variable and may change after account opening. Interest earnings are based on current rates and compounding. Comparison is for illustrative purposes and assumes a 0.01% APY checking account. Results will vary.
How much could you earn in interest?
See how much more your savings could earn in a high-yield savings account vs. a typical checking account.
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Compare Today's Top High-Yield Savings Accounts
| Bank/Institution | APY
|
Bonus Offer | Open Account | Bonus Offer |
|---|---|---|---|---|
|
2026 AWARD WINNER
Best Overall High-Yield Savings Account
|
||||
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4.9
|
3.00
With $0 min. balance12 <span>A rate of 3.00% Annual Percentage Yield (APY) applies to all account balances. Advertised rates are variable and effective as of 06/02/2026. Rates are subject to change at any time before or after account opening. The 360 Performance Savings account has no monthly cycle service charge and no minimum balance required to open or maintain the account.</span>
%
APY
|
N/A | ||
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5.0
|
3.40
With $0 min. balance3 <p>Annual Percentage Yield (APY) is subject to change at any time without notice. Rate accurate as of 4/21/2026. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.</p>
%
APY
|
- | ||
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4.3
|
4.10
With $5,000 min. balance4 <p>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 Jan. 09 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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.</p>
%
APY
|
Limited-Time Offer: Earn up to 4.10% APY (3.75% APY4 <p>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 Jan. 09 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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.</p> with +0.35% APY Boost) on balances of $5,000 or more for up to 6 months.5 <p>*This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria. Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate. The Promotion begins on February 13, 2026, and ends June 30, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions. The promotion can end at any time without notice.</p> Enter code CITBoost to qualify. $100 minimum opening deposit. | ||
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4.2
|
3.25
With $300 monthly deposits10 <p>Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See <a href="https://cash.app/legal/us/en-us/tos">Terms and Conditions</a> for more information.</p><p>To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify.</p><p>If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change.</p>
%
APY
|
- | ||
|
2026 AWARD WINNER
Best Account for Consistent Savers
|
||||
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4.8
|
4.00
With $250+ monthly deposits
%
APY
|
N/A | ||
Award-Winning Favorites
Not all savings accounts are created equal. The FinanceBuzz 2026 Best of Banking Awards recognize institutions delivering exceptional value, innovation, and customer experience — so you can skip the research and open an account you can trust.
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Whether you’re setting funds aside for a rainy day or for something specific like an upcoming vacation, it can be reassuring to be able to access your funds through a branch or online. Capital One 360 Performance Savings offers both options with a solid APY of 3.00% . And it does that with no monthly service fees and a highly-rated mobile app.
If you like all your accounts in one spot, you can combine it with Capital One 360 Checking — which won our award for best overall checking account — or Capital One CDs, credit cards, and auto loans. It’s an excellent fit if you’re looking for a central location for all your personal finance needs.
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Online High-Yield Savings 101
What should I consider when choosing a new savings account?
When picking a new savings account, there are a few key things to consider, like the APY (annual percentage yield) they offer or the fees they charge. And remember, you don’t have to stick with just one account — opening different accounts can help you get the best rates and ensure your money is protected up to the legal limit.
Get started with our most popular savings account option
Is my money safe in an online savings account?
Money in an online savings account is covered by protections as long as the account provider is FDIC insured, and virtually all major banks are. You'll typically see it stated as "member FDIC."
FDIC stands for Federal Deposit Insurance Corporation. The FDIC insurance covers accounts up to $250,000 accounts up to $250,000, so if your bank goes under financially, you will still get back all your money, up to that amount. The National Credit Union Administration provides similar insurance for credit unions.
Learn more about today's top online savings account pick
What is a good interest rate for an online savings account?
Savings account interest rates vary from bank to bank and over time. The FDIC indicates the national average interest rate for savings accounts is 0.38% (as of 4/20/26) APY. That means if you see an account with a higher interest rate, it would allow you to beat the average.
View Bonus & APY Details for our most recommended savings account
What do I need to have to open an online savings account?
Requirements to open an online savings account vary by the financial institution. You generally need to provide your full name, address, contact details, and a Social Security number. Some banks also require you to provide your driver's license information. If you are planning to fund the new account with money from a different bank or credit union, you will also need that account information.
Read more about our top checking and savings pick
How do I deposit or withdraw money from an online savings account?
The process for depositing and withdrawing money from online savings accounts varies by bank or credit union. Generally, you can fund an online savings account via electronic transfer from another bank account, by direct deposit, or by depositing a check. Withdrawals can generally also be completed by bank-to-bank transfer, or you may be able to request a check or use a debit card if your bank allows it.
Learn more about the current deposit bonus offered by our most popular savings account option
How we chose these products
FinanceBuzz evaluated a selection of bank accounts offered by our partners, looking at various criteria including interest rates, minimum deposit requirements, and more. We did not review all products in the category and compensation was considered when evaluating and ordering the products.