Best High-Yield Savings Accounts 2026
Our top 5 picks for the best high-yield savings accounts, ranked by APY. All accounts are FDIC-insured with no monthly fees.
Last updated: February 24, 2026
Betterment
- + Competitive 4.40% APY
- + No minimum deposit required
- + No monthly maintenance fees
- + FDIC insured up to $250,000
- - Rates can change at any time
- - Online-only (no branch access)
Vio Bank
- + Competitive 4.03% APY
- + No minimum deposit required
- + No monthly maintenance fees
- + FDIC insured up to $250,000
- - Rates can change at any time
- - Online-only (no branch access)
Marcus by Goldman Sachs
- + Competitive 4.00% APY
- + No minimum deposit required
- + No monthly maintenance fees
- + FDIC insured up to $250,000
- - Rates can change at any time
- - Online-only (no branch access)
American Express
- + Competitive 4.00% APY
- + No minimum deposit required
- + No monthly maintenance fees
- + FDIC insured up to $250,000
- - Rates can change at any time
- - Online-only (no branch access)
SoFi
- + Competitive 4.00% APY
- + No minimum deposit required
- + No monthly maintenance fees
- + FDIC insured up to $250,000
- - Rates can change at any time
- - Online-only (no branch access)
How We Choose the Best HYSAs
We evaluate high-yield savings accounts across several key criteria to find the best options for savers:
APY
The annual percentage yield is the primary ranking factor. We track rates weekly and re-rank when rates change.
FDIC Insurance
Every account we list is FDIC-insured, meaning your deposits are protected up to $250,000 per depositor, per bank.
No Monthly Fees
We only include accounts with no monthly maintenance fees. Fees erode your interest earnings.
Minimum Deposits
We prefer accounts with low or no minimum deposit requirements, making them accessible to all savers.
Frequently Asked Questions
What is the highest HYSA rate right now?
The highest high-yield savings account rate we track is currently 4.40% APY from Betterment. Rates change frequently based on Fed rate decisions.
Are online savings accounts safe?
Yes. All accounts on this page are FDIC-insured up to $250,000 per depositor, per bank. Your money is protected by the U.S. government even if the bank fails.
How did you choose these accounts?
We evaluate high-yield savings accounts based on APY, minimum deposit requirements, monthly fees, FDIC insurance, and ease of use. We only include accounts with no monthly maintenance fees.
Should I open multiple high-yield savings accounts?
Opening multiple HYSAs can be useful for organizing savings goals (emergency fund, vacation, down payment) and maximizing FDIC coverage beyond $250,000. However, one account is sufficient for most people.