The Best High Interest Rate Savings Accounts

Updated: 2/7/2024

So, here’s the thing: there’s always this ongoing debate about what to do with your hard-earned money. Should you stash it away in a savings account or take a leap of faith and invest it in the unpredictable world of the stock market? Now, historically speaking, the stock market tends to give a better return on your investment with an average annual return of 8-10%. Meanwhile, your average savings account in the US barely manages to offer a measly 0.42% APY. Talk about a massive difference, especially when you take compounding interest into consideration!

Now, we get it. The stock market can be a tad bit intimidating, and some folks prefer to opt for the security of a savings account. With that in mind, we have curated a comprehensive list of the top-performing savings accounts available.

Here is the list of excellent High-Yield Savings Accounts. 

Popular Direct APY 5.20%
Min. balance for APY $100
DollarSavingsDirect APY 5.00%
Min. balance for APY $1
BMO Alto Online Savings Account  APY 5.10%
Min. balance for APY $0
Citizens Access Savings APY 4.50%
Min. balance for APY $0.01 
Synchrony Bank APY 4.75%
Min. balance for APY $0
Sofi APY 4.60%
Min. balance for APY $0
Capital One APY 4.35%
Min. balance for APY $0
Goldman Sachs Bank USA APY 4.50%
Min. balance for APY $0
American Express APY 4.35%
Min. balance for APY $0
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