Which bank offers the best interest rates? High-yield online savings accounts in the United States this 2024

With the Federal Reserve’s recent rate hike, APYs are rising, making now a great time to open a high-yield savings account.

The accounts highlighted below can help you boost your emergency fund or save for major purchases.

Choosing a high-yield savings account can make your funds grow faster than average accounts. Here is a list of our partners and here is how we make money.

The best high-yield online savings accounts help grow funds faster than average accounts.

The products featured on this page have annual percentage yields, or APYs, of up to 5% or more. That’s many times more than the national average rate of 0.45%.

The APYs shown are current as of the date of publication of this page. Every business day, we review account rates to ensure we have the most up-to-date APYs.

APYs shown are current as of May 24, 2024. All other information is current as of May 1, 2024.

Our pick for the best high-yield online savings accounts:

SoFi Checking and Savings Account
NerdWallet Rating: 4.5/5
APY: 4.60%
No minimum balance for APY
Bonus: $300
Earn up to $300 with direct deposit. Terms apply. at SoFi Bank, NA, Member FDIC.

American Express® High Yield Savings Account
NerdWallet Rating: 4.5/5
APY: 4.25%
With minimum balance of $1 for APY
N/A
at American Express National Bank, Member FDIC

Barclays Online Savings Account
NerdWallet Rating: 4.5/5
APY: 4.35%
No minimum balance for APY
N/A
at Barclays, Member FDIC

EverBank Performance Account
NerdWallet Rating: 4.5/5
APY: 5.15%
No minimum balance for APY
N/A
at EverBank, Member FDIC

Bask Interest Savings Account
NerdWallet Rating: 4.5/5
APY: 5.10%
No minimum balance for APY
N/A
at Bask Bank, Member FDIC

UFB Safe Savings Account
NerdWallet Rating: 4.5/5
APY: 5.25%
No minimum balance for APY
N/A
at UFB Direct, Member FDIC

Capital One 360™ Performance Account
NerdWallet Rating: 4.5/5
APY: 4.25%
No minimum balance for APY
N/A
at Capital One, Member FDIC.

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