Companies we feature compensate us. This and editorial research influence listings.
LendEDU Logo
April 2026 Guide To The Top

High Yield Savings Accounts

High yield savings accounts (HYSA) can help you grow your savings at a higher rate than a traditional bank. Compare our options for competitive rates, no monthly fees, and sign up bonuses.

Earn up to 10x the national average* to grow your savings.

SoFi Checking and Savings Account
Learn More
  • Earn up to 4.00% APY8
  • Limited Time Offer – New accounts earn a 0.70% APY boost to 4.00% for up to 6 months with eligible direct deposit8
  • $0 minimum balance to earn APY
  • Earn $50 or $300 when you sign up and set up eligible direct deposit1
  • Open Checking & Savings Accounts with 1 Sign Up
  • Up to 2-Day-Early Paycheck3
  • FDIC Insured up to $250k plus up to $3M in supplemental insurance4
Up to 4.00%

SoFi Disclosures

Barclays Tiered Savings Account
Learn More
  • Earn 3.85% APY* with Barclays1 Tiered Savings
  • $0 min. balance to earn APY
  • No monthly maintenance fees
  • Easy direct deposits & online transfers
  • Deposits are FDIC Insured
Up To 3.85%

Barclays Disclosures

Forbright Bank Growth Savings
Learn More
    • Earn 3.85% APY* with Forbright Bank Growth Savings
    • No minimum deposit or account fees
    • Unlimited transfers
    • Open an account in minutes
    • FDIC-Insured
Up To 3.85%
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 that have lower overhead. It earns compound interest while keeping funds easily accessible.

How to select the right high yield savings account

To choose the best HYSA, you’ll want to compare more than just the APY. While high interest rates should be a crucial factor in making your decision, there are other factors to consider as well.

Here’s some aspects to take into account when selecting a HYSA:

  • APY: Which high yield savings account has the highest APY?
  • Sign-up bonus: Do any banks offer a sign-up bonus? How much money can you make, and what are the requirements to earn it?
  • Fees: What fees does each account charge and are there any accounts without fees?
  • Minimum balance requirements: Does the high yield savings account have a high minimum balance requirement? If so, can you meet it?

* 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 February 2026)