If you’re earning a low interest rate on your savings balance, consider putting it in a high-yield savings account (HYSA). Our team compared today's high-yield savings accounts offered by federally insured financial institutions and identified the 10 best based on interest rate, fees, account features, customer service, and more (see our methodology here). Find out which banks have the best high-yield savings accounts today.Account details:SoFi’s online bank account — a combination checking and high-yield savings account — made our list for its competitive APY, lack of fees, and bundled approach to saving and spending.It currently offers up to 3.3% APY on savings balances and 0.5% APY on checking account balances. However, for a limited time, new customers can earn a boost on their savings rate (up to 4% APY) by meeting certain requirements.There are no monthly maintenance fees, minimum balance requirements, or minimum deposit requirements to open an account.New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.SoFi members with Eligible Direct Deposit can earn 3.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.30% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time.These rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 3/31/26) for up to 6 months. Enroll in SoFi Plus by 12/31/26. Rates variable, subject to change. Terms apply at sofi.com/sofi-plus SoFi Bank, N.A. Member FDIC.Read our full review of SoFiAccount details:The Ally Bank Savings Account is a high-yield savings option with no minimum deposit required to open and zero monthly fees. At 3.2% APY, this account’s interest rate is more than eight times the national average.Account holders can maximize their savings potential through round-ups, recurring transfers to their savings account, and surprise savings through tools that analyze your checking account spending and transfer “safe-to-save” money to your savings account.Read our full review of Ally BankAccount details:At 3.75% APY, the Interest Savings Account from Bask Bank pays more than nine times the national average. With no minimum opening deposit or monthly fees, this account could be a great option for savers who want to keep their banking costs low.Even better, Bask Bank is offering new eligible customers a rate boost. To earn an additional 0.25% APY during the reward period (which lasts from Feb. 1 to May 30, 2026), account holders must complete the following qualifying requirements:1. Open a new Bask Interest Savings Account between Feb. 1 and April 30, 2026.2. Maintain an average monthly balance of at least $25,000.Those who qualify for the rate boost earn a total of 4% APY during the reward period.Bask operates as an online-only bank, meaning there are no physical branches. However, if you need assistance with your account, Bask Bank provides generous phone customer support hours, including Saturdays.Read our full review of Bask BankAccount details:The Online High Yield Savings Account from Synchrony Bank offers a competitive 3.5% APY, which is more than nine times the national average for traditional savings accounts.This account is free to open and doesn’t charge any monthly fees. Interest is compounded daily and credited monthly. Synchrony also offers an optional ATM card for savings account holders; the bank refunds customers up to $5 per statement cycle for any domestic ATM fees they have incurred.Annual Percentage Yield (APY) is subject to change at any time without notice. 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.Read our full review of Synchrony BankAccount details:UFB Direct’s Portfolio Savings Account offers a competitive 3.26% APY, which applies to all balances. UFB customers also receive a complimentary ATM card for easy access to their funds and a host of digital tools to make banking easier, including mobile deposits and SMS banking.This account also stands out due to UFB’s highly rated mobile app. Customers can use the app to check account balances, view transaction history, transfer funds between eligible accounts, and contact a customer service representative.Read our full review of UFB DirectAccount details:The American Express High-Yield Savings Account made our top 10 list thanks to its competitive 3.2% APY and lack of minimum opening deposit or minimum balance requirements. Interest on your account balance is compounded daily and deposited into your account on a monthly basis.One drawback: This account does not provide account holders with an ATM card, debit card, or checks. In order to access your money, you’ll need to transfer your funds electronically. That’s why this account may be better for those who plan to keep their funds on deposit for the long-term and don’t anticipate needing immediate access.Read our full review of American Express National BankAccount details:CIT’s Platinum Savings account currently offers a base rate of 3.75% APY on balances of $5,000 or more (balances of less than $5,000 earn 0.25%). However, new customers have the chance to receive a 0.35% APY bonus for six months from account opening using the promo code CITBOOST. This would bring your APY up to 4.10% on balances of $5,000 or more and 0.6% on balances under $5,000.For complete list of account details and fees, see our Personal Account disclosures.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 January 9, 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. *Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of March 16 2026.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 April 13, 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.Read our full review of CIT BankAccount details:The Marcus Online Savings Account doesn’t charge any monthly fees or require a minimum deposit. This account currently offers 3.65% APY — over nine times the national average. There is no limit on the number of withdrawals or transfers you can make from your account.Read our full review of Marcus by Goldman SachsAccount details:The TAB Save account made our top 10 list thanks to its impressive 3.61% APY. This account is free to open and has no minimum opening deposit or monthly fee. Interest is compounded daily and credited to your account monthly.Despite its high APY, TAB ranked lower on our list due to its average mobile app rating and lack of extra account perks or savings tools to help customers maximize their savings.Read our full review of TAB BankAccount details:The Capital One 360 Performance Savings account took the final spot on our list for its competitive interest rate, lack of fees, and highly rated mobile app. Account holders earn 3.2% APY regardless of their balance. However, unlike the other accounts on our list, interest compounds monthly rather than daily.Capital One’s mobile app stood out in particular. Savers can use it to move money between linked Capital One accounts and external bank accounts, create multiple Performance Savings accounts for each of their financial goals, deposit checks with their mobile devices, and create savings plans.Read our full review of Capital OneWhy should I open a savings account?What is a high-yield savings account?What is APY?What is a good savings account rate?Do you pay taxes on high-yield savings accounts?Pros and cons of high-yield savings accountsAlternatives to high-yield savings accounts