The Best High Yield Savings Account Offers

Get the most bang for your buck on cash.


Updated as of October 2020.


When looking at your savings account, you should know the annual percentage yield ("APY") or interest rate. A higher interest rate will help your cash grow faster.


Unfortunately, traditional savings accounts pay next to nothing in interest. The national average APY on traditional savings accounts is just 0.07%, according to the Federal Deposit Insurance Corporation ("FDIC").


If you really want to put your cash to work, then consider using a high yield savings account to earn an interest rate about 10x the national average. These accounts provide an accessible way to put your money to work while saving for short-term goals.


Building emergency savings? Put it here.

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Why are high yield savings accounts' interest rates so much higher than traditional savings accounts?


Online platforms have much lower operating expenses because they don't have to build and staff a physical national banking network. In exchange for those savings, they offer significantly higher interest rates to their customers.


How do we determine who makes our list?


In our research, we prioritized accessibility and security. Each provider offers an online platform that is available nationwide and is FDIC-insured.


Next, we're all about maximizing your keep, so every provider must offer a great interest rate while charging no monthly fees or transaction fees (up to 6 withdrawals/transfers per statement cycle for most providers).


Last, but not least, we want ease of use. Each provider offers a mobile app, and a few of the providers allow for ATM access when you need to access your money quickly.


This list is not meant to be all-inclusive, and you may be able to find a comparable APY at your local credit union. The providers are listed at random and not in order of preference or recommendation.


It is also important to note that FMI Financial ("FMI") is a completely independent Registered Investment Advisor ("RIA"), and FMI is not paid by, sponsored or endorsed by, or affiliated with any of the following providers.






APY: 0.60%

Min. Balance for APY: $0

Monthly Fees: $0

Transaction Fees: $0 (no excessive transaction fees)

Bonus: No current promotions

Mobile App: Apple & Android

ATM Access: No






APY: 0.50%

Min. Balance for APY: $0

Monthly Fees: $0

Transaction Fees: $0*

Bonus: No current promotions

Mobile App: Apple & Android

ATM Access: Yes**





APY: 0.60%

Min. Balance for APY: $0

Monthly Fees: $0

Transaction Fees: $0*

Bonus: No current promotions

Mobile App: Apple & Android

ATM Access: No









APY: 0.60%

Min. Balance for APY: $0

Monthly Fees: $0

Transaction Fees: $0*

Bonus: No current promotions

Mobile App: Apple & Android

ATM Access: No




APY: 0.65%

Min. Balance for APY: $0

Monthly Fees: $0

Transaction Fees: $0*

Bonus: No current promotions

Mobile App: Apple & Android

ATM Access: Yes







APY: 0.60%

Min. Balance for APY: $0

Monthly Fees: $0

Transaction Fees: $0*

Bonus: No current promotions

Mobile App: Apple & Android ATM Access: Yes**






APY: 0.83%

Min. Balance for APY: $100

Monthly Fees: $0 (with paperless statements)

Transaction Fees: $0*

Bonus: No current promotions

Mobile App: Apple & Android

ATM Access: No


*Up to 6 withdrawals/transfers per statement cycle.

**With an online checking account. ATM fees may apply.

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