4 Top High-Yield Savings Accounts
Earn up to 11x the national average* on your money and grow your savings.
- Earn up to 4.65% APY
- No monthly service fees
- Unlimited withdrawals
- $10 minimum balance
- FDIC Member
- APY rates starting at 3.90%
- No monthly fees or minimums required to open
- Easy direct deposits & online transfers
- 24/7 access to your funds
- FDIC Member
- Earn up to 3.80% APY
- Bank anywhere with the Synchrony Bank App
- No monthly service fees
- No minimum balances
- FDIC Member
- Earn up to 3.80% APY
- All-in-One Financial Platform
- No monthly service fees
- No minimum balances
- FDIC Member
What is a High Yield Savings Account?
A high‑yield savings account (HYSA) is a deposit account that pays a higher annual percentage yield (APY) than a standard savings account, often offered by online banks and credit unions with lower overhead. It earns compound interest while keeping funds easily accessible—typically via electronic transfers to and from your checking account—without the lockup of a CD.
How to choose the best high-yield savings account
It’s important to look beyond just the advertised annual percentage yield (APY). The best account will combine a competitive APY, no fees, withdrawal flexibility, and protections that make it a reliable place to store and grow your money.
As you compare options, focus on a few key factors, such as:
- APY: Find a high rate and check if it remains stable over time.
- Minimim balance: Ensure you can meet deposit or balance thresholds without penalty.
- Fees: Watch out for monthly maintenance or transfer fees that reduce your savings.
- Flexible withdrawals: Make sure there are minimal restrictions on withdrawals and transfers and smooth linking to a checking account.
- FDIC insured: Confirm deposits are protected up to legal limits.
- Banking experience: You’ll want a mobile app and customer representatives that support you beyond your savings balance.
* Based on current APY offers and national average annual percentage yield reported by the Federal Deposit Insurance Corporation. (fdic.gov/national-rates-and-rate-caps as of 8/18/25)