Best High Yield Savings Accounts – up to 5.00% APY

Here’s a list of the best high interest savings accounts. Get up to 5.10% APY with a basic savings account. There are also accounts with requirements that pay even more. We don’t receive any commissions for any of these, and ALL banks are included in this list.

Best Basic Savings Rates

Leaving money in a regular bank account will usually get you a terrible interest rate. With a little research, we can find accounts that offer competitive rates. These are all ordinary savings accounts with no hoops to jump through, and they are FDIC/NCUA insured up to $250,000.

Please verify insured status for yourself with FDIC and with NCUA before using a bank or credit union. Also please read this article about the FDIC insurance on fintech banks as well. 

Here are the best options available, rated in APY from highest to lowest:

Other Basic Options

All of these rates will fluctuate over time, and we’re constantly updating this list. There is an advantage to a bank who has a proven track record of giving good interest rates since some of the top rates might be ‘bait-and-switch’ soon to be lowered. Banks like CFG, Discover, Marcus, Ally and some others have been known to offer competitive interest rates for many years. Their rates will also fluctuate but will likely always be a good rate. See also What’s The Best Simple High-Yield Savings Account?

Another thing to keep in mind is that while most banks automatically increase your rate as interest rates increase, some don’t. We wrote data points on which do and which don’t here. Keep that in mind when choosing a bank.

Most of these are savings accounts, with a few checking accounts mixed in. We wrote about options for getting a high yield on your checking account in this post.

Alternative High-Yield Options

Best CD Rates

Nationwide CD Offers:

11 Months or Less

12-18 Months

19+ Months

Best Business Savings Rates

Requirement High-Interest (Nationwide)

Aside from basic accounts offering competitive interest rates, there are ultra high-yield options which are more involved and take time and patience to deal with. Bear in mind, all of the best options have velocity limits, sometimes it’s $5k, $10k, $15k, or $20k. You’ll never be netting more than $1,000 in annual interest from any of these accounts, and it’s usually much less than that. Someone who is impatient or doesn’t have spare time would best use a standard high-interest savings account options and forget about the velocity-limited accounts.

Below you’ll find all mega high interest accounts which are available nationwide, and in the next segment we list the regional options.

More Restrictive Options:

Requirement High-Interest (Regional)

Below are the regional accounts we’ve reviewed on the site. There are many more as well.

View Comments (21606)

  • Do all Nymbus fintechs use Trustly exclusively for external account linking?

    Examples would be HUSTL, Roger, and Zynlo I believe.

    I have HUSTL and they only use Trustly.

  • How does the no penalty CD work? If it is for 7 months, and I withdraw it at after 6 months, do I get less interest rate or no interest at all?

  • they are getting rid of the 5% savings account and moving all existing investors' savings account holdings into their 4% checking account - effective 8/15.

  • I need to take another look at Leader Bank Smegma Plus Savings.  

    I don't remember why I discarded them previously.  

    It does require $1K DD and 3 x debits.  

      • Laughing... yeah, you're right.

        Darn spell check. Supposed to be, uhh... Zeugma Plus.
        Ok, after a quick look... it's just sorta an annoying account.

        To get the 5% savings, you have to have the checking account. And your DD has to go the checking account. And your debits have to be from the checking account.

        And by the time people do all that... they'll drop the rate.

        So.... I'll pass once again.

        • @guest_1920161 At least the upper limit of the amount that can earn 5% is 250k, but they seem to screwing over their existing customers which gives me doubts about their overall character

          You are not eligible to open Zeugma Plus accounts if any owner of the account has (a) an open Residential Savings, Partners Savings or Zeugma Savings account at Leader Bank or if you have an existing savings account with an annual percentage yield of 4.00% or more. 

          @guest_1719855 @guest_729230 just fyi, another option, the requirements seem doable but not sure how long will they maintain the rate.

          • fdic, Leader Bank's Direct Deposit Page explaining what qualifies: https://www.leaderbank.com/personal/direct-deposit so does that mean the DD to Zeugma has to be like from an employer or social security? Plus, at another place it says account only 6 withdrawals allowed monthly. Also, I saw this review:

            "Horrible bank. Flags your transactions even if less than $10! And they want you to go through a long list of "security verifications" before they will talk to you. They demand personal information far beyond other banks, apparently due to management incompetence. Lots of really bad reviews for Loser Bank."

            I know every bank has some negative reviews, so maybe could disregard. Who knows. Leader Bank is probably going to be one of those ironically named banks, where it won't be a rate leader eventually, or like what I read here earlier when someone called evergreen nevergreen, or now that levelup savings rate is leveling down.

          • @guest_2007150 thanks, now you made me do a double take :)
            I dont plan to do too many transactions. I will call them tomorrow and try to get some more details. I can do a real DD so hopefully that shouldnt be an issue.

            On another note, that nevergreen/coast community cant be linked with Marcus at all, not sure what they have against it, so have to plan another way to take the money out

        • Too much work. Wasting life. I don't do any of those debit card stuff. Presidential bank is already enough for me.

  • What accounts (if any) offer same or next day pulls with no holds (or only 1 day holds) and same or next day pushes?

    • Ally, its same day pull with no hold and same day push (schedule it the previous biz day) come in handy. But not all linked banks may be eligible for it.

      • Thanks, that's good info. Maybe I should reevaluate the recent bonus then since the account may be useful in general

        Reason I asked is because I have limited funds to work with, and even Lending Club has like a 3 business day hold, (can't remember if they have same day pull), sometimes I have to push multiple times to meet a requirement with a second bank at an intermediary account to pull the funds back and then push to the primary account that's serving as the DD account, which will then push to the new account. This can all add up to be a *lot* of extra time, especially if initiated on a Friday.

        • Yes, LCB does have same day pull. Even better is that the money doesn't get removed from your external account until the next business day so you can double-dip in interest for between 1 and 4 days.

          • Thanks, I thought that might be the case but couldn't quite recall. LCB will definitely remain my overall hub account

      • To make a correction, pull can be same day no hold, but push is delivered next business day if qualified for 1 day speed.

        • That's pretty good. I know they have very high limit and I might have used them for larger amount before, but not round trip and didn't notice the speed being fast.

        • IME, most linked accounts start with the 3-day speed. YMMV, but one trick that has worked for me many times to enable the 1-day speed sooner is to complete a roundtrip transfer of larger amounts (e.g., $1K+).

          • Thank you for this! Can never imagine that. Will remember. I don't have much money in it due to the low interest rate. Kept it for years because of the free checks that I can never use up.

  • Darn it. Just got an email from Evergreen that their savings account is going away Aug 15th.

    • Does that mean they will:

      1) Discontinue new customer sign ups but allow existing customers to keep their savings account or

      2) Terminate existing accounts?

      If #2, what remedies are they offering? Convert to other account types, returning deposit, or something else?

    • Unfreakingbelievable! I just finished going through that effort of my connecting external banks after being told I had to wait a month to do so. That 5% savings account was no more than a tease to get customers for Evergreen's investment management services. Back in the search for the almighty 5% rate. When I find it, I will be wiring my funds out.

      • I know. So freaking annoying. I just transferred a bunch of money from CFG and was excited about the extra half a percent or so. Now they said "we will still keep our checking accounts but savings is going away" aka rate is effectively 4% instead of 5%

  • Why do some of these banks make it difficult to see transfer limits upfront? Looking for one that's going to allow withdrawing a house down payment.

    • I'm getting ready to buy and sell a home where large amounts will move. You can request exceptions to transfer limits. I've requested exceptions from two financial institutions, and my request has been approved by both.

      • Exceptions are fine and I'd expect banks to make them for special circumstances like that. I don't want to need to use an exception to move my money though. It's just another added stress or task that you shouldn't have to deal with. My money is in a HYSA or MMA account to have flexibility and be able to move it at any point and low limits impacts that.

        • I agree. I can’t rely on a maybe at a critical point in a transaction, which is why I’m trying to balance the interest rate with flexibility.

      • I want to stash away $180k. I want to be able to transfer that to another account or wire money from the high yield savings account when the time comes.

        • That's where hub accounts with high transfer limits can come in handy to bypass the other bank's transfer limits. Brokerage accounts can also be good for this purpose.

          • Hub accounts? Is this something I should be reading about more on this site?

            Edit: I was able to read up on the strategy. I'll see if I can pull this off with my existing accounts.

        • Just make sure not to transfer out the exact amount that you transferred in only 1 or 2 days later. 😉