12 Best High Yield Savings Accounts in 2026

[00:01] The average savings account rate is currently 0.38% in the United States and some of the large national banks are known for paying as little as 0.01% but there are banks on this list currently offering a 4% APY or higher.

[00:15] So what could that look like for your money? On $10,000 saved without any compounding you'd be looking at $1 in interest annually from the big national banks, about $38 on average or possibly $400 or more from the competitive

[00:30] options out there. And when you consider inflation which is currently 3.8% earning a decent yield on your savings is the best defense you have against your buying power vanishing. That's why we're covering a mega list here of the

[00:43] 12 best high yield savings accounts right now and if you're excited about that drop a like and subscribe. Now it's important to keep in mind here guys that rates are subject to change and it all comes down to the federal funds rate

[00:56] which is currently in a range of 3.5 to 3.75%. banks will actually adjust their rates in lockstep with the Fed. So if rates are reduced by 25 points or 0.25% banks will typically reduce their APYs

[01:13] by the same amount on the same day. Let's start out with a quick summary here of all of the options before diving into the full details about each one and description where you can potentially earn a deposit bonus or APY boost

[01:27] depending on who you go with. Number one on my list here is Chime offering a on my list here is Chime offering a simple banking experience and a 3.75% APY on the Chime Prime account with no monthly fees or minimums. Second is Axos

[01:40] monthly fees or minimums. Second is Axos Bank offering up to 4.21% APY on their Axos One Savings Account when you meet deposit and minimum balance requirements. Number three on the list is CIT Bank offering a 3.75%

[01:53] APY on their Platinum Savings Account on balances over 5,000. Then we have Public, traditionally known as an investing app, but they also offer a no fee and no subscription needed high yield cash account currently paying a

[02:06] yield cash account currently paying a 3.3% APY. After that, we have Robinhood. Their high yield cash program for gold members currently gets you a 3.35% on your uninvested cash sitting in your brokerage account. SoFi comes in at

[02:20] number six on the list here with their no fee and no minimum high yield savings account currently earning a 3.3% APY with the potential for an additional boost, too. Next up, we have M1 Finance and their high yield cash account

[02:33] and their high yield cash account offering a 3.1% APY and an additional After that, we have Moomoo, another brokerage account offering a cash sweep and a 3.35% APY on that balance, but with my promo

[02:47] boost, it starts out at over 8%. Then we have Wealthfront, which currently offers a base 3.3% APY on their cash account, but up to 4.2% with the boost and when clients direct deposit and invest with them. Number 10 is Everbank, currently

[03:03] them. Number 10 is Everbank, currently offering a 3.9% APY on their performance savings account. Capital One offers a solid option here from a household name solid option here from a household name currently paying 3.1% APY on their 360

[03:15] Performance Savings Account. And finally, there's Vanguard offering a savings account alternative that currently pays a 3.1% APY plus a point 25% promotional boost. So, let's dive into more details about each of these

[03:29] now, starting off here with Chime. This is one of the simplest and most beginner-friendly options out there offering a sleek mobile-first banking experience. There are no monthly fees and no minimum balance requirements and

[03:42] it also comes with automatic savings tools that can help you to build your balance without even really thinking about it. Features like roundups on purchases and automatic transfers on payday can help make saving money feel a

[03:55] lot more passive and effortless. To earn the highest APY on their account, 3.75%, but that's going to come with two additional benefits. Number one, you can

[04:07] get a $200 deposit bonus when you use my link below. And number two, you can get access to your paycheck up to two days early. This app is very easy to navigate and it's designed around building healthy savings habits more so than

[04:21] offering complex financial tools. With a 4.8 star rating across over 1.5 million reviews in the App Store, the user experience is extremely good. So, be sure to visit ryanoscribner.com/chime to get a $200 bonus when you sign up and

[04:38] set up a qualifying direct deposit. Now, Axos Bank is offering up to a 4.21% APY on their Axos One Savings Account. This is one of the highest APYs available on

[04:50] our list, but there is a bit of a catch and that is that you need to qualify to unlock this rate. This currently requires at least $1,500 in monthly qualifying direct deposits and maintaining an average daily balance of

[05:03] at least $1,500, too. If you don't qualify, the standard rate for this account is a 1% APY and that's a pretty big difference. It's also worth mentioning that the highest APY rate is only paid on balances up to 250,000

[05:19] and once you exceed that limit, the rate is going to drop slightly. But, here's another perk. Axos Bank offers higher FDIC insurance limits through their Axos Insured Deposit Program. Traditionally, banks offer up to $250,000 per depositor

[05:34] per account, but Axos Bank is able to offer up to 2.5 million here. This makes it a really solid option out there for those mega savers that have a very large nest egg. Axos also offers a variety of other financial products including

[05:48] checking accounts, CDs, and investment options. So, there's some flexibility there, too. Another benefit is that Axos Bank has been in the online banking space for a very long time, since the year 2000, making them one of the very

[06:02] willing to jump through a couple of hoops to earn their highest APY, Axos here. Next, we have CIT Bank's Platinum Savings and Savings Connect accounts. This is one of the more traditional

[06:17] high-yield savings account options on our list here, and it's a great option if you're just looking to get a competitive rate from a well-established online bank. CIT Bank is a division of First Citizens Bank, which has been in

[06:30] business since 1898, giving them over 125 years of banking experience. Their Savings Connect account can be a great option if you don't have a lot to get started with. It has a $100 minimum deposit and currently

[06:43] offers a 3.65% APY. If you do have a larger sum of 3.75% APY with the Platinum Savings account. The rate is paid on accounts with balances over $5,000, but a crucial

[06:59] detail here to be aware of is that for balances under 5,000, that APY drops to just 0.25%. So, you definitely want to make sure you can maintain a minimum balance least 5,000 with their Platinum account

[07:12] because that lower rate is not nearly as competitive. CIT Bank has consistently offered competitive rates despite being a well-established player in the space, so you can probably expect that to continue long into the future. Now, if

[07:25] savings account, Public is a really good option to consider. They offer a high-yield cash account in addition to investing accounts including stocks, ETFs, crypto, and options trading. This

[07:38] account currently offers a 3.3% APY with no fees, minimums, or subscription required. In addition, there is no limit on your balance that can earn this rate, and there are also unlimited deposits and withdrawals offered. This account

[07:52] integrates directly with the Public Investing platform, so you're able to save your cash and invest your money all within one single app. On the flip side, though, it is not a full-service bank, so you're not going to find features

[08:05] like a checking account with a debit card or other extensive banking features. But, if you're looking for a solid option here for earning a decent rate on your cash and investing under one roof, make sure you visit Ryan

[08:17] O'Scriber.com/public to learn more. Next up is the Robinhood High Yield Cash Program, which is currently offering a 3.35% APY. This is specifically designed for people who are already using Robinhood,

[08:30] and it works as a cash sweep, which means any uninvested cash in your brokerage account automatically earns interest. Instead of having your money just sitting there doing nothing between trades and investments, you can actually

[08:42] have it continue generating returns for you in the background. And since it's not moved into a separate account, your money is still available to invest immediately. However, you do need to be a Robinhood Gold member to unlock this

[08:54] feature, and that comes with a subscription cost of $5 a month or $50 per year. But, if you're already paying for Robinhood Gold or using Robinhood as your primary investing account, the convenience here is really hard to beat.

[09:08] Your cash can just sit in your account earning a competitive yield without having to transfer it anywhere else. If you want to check out Robinhood and the High Yield Cash Program, make sure you visit Ryan O'Scriber.com/robinhood.

[09:21] Next, we have SoFi's High Yield Cash Account, which currently offers a 3.3% APY. But, through the end of 2026, they're offering a 0.7% boost on that APY for the first 6 months after you complete the required steps. And this

[09:36] requires opening a new SoFi account and then setting up a qualifying direct deposit in the first 60 days. This is going to boost your APY to 4%, which is especially when you consider that there are no minimum balance requirements or

[09:52] account fees. SoFi really shines because of how many financial products are in their ecosystem. This includes checking and savings accounts, investing features, credit cards, personal loans, student loan refinancing, and even

[10:05] financial planning tools, all within one single app. On the banking side of things, SoFi includes features like early direct deposit, built-in budgeting tools, automatic savings vaults, and fee-free overdraft protection for

[10:19] eligible users. If you want to check them out and potentially score a deposit them out and potentially score a deposit bonus, visit rhinoscribner.com/sofi. Moving on, we have M1 Finance, which offers a high-yield savings account

[10:32] offers a high-yield savings account currently earning a 3.1% APY. It's not account really stands out because of how it fits into their broader financial ecosystem. M1 is designed to be an all-in-one platform where you can

[10:46] invest, save, and even borrow against your investments, all in one place. This ecosystem creates the potential for full financial automation. You can move your money into their high-yield savings account and then automatically invest

[11:00] that money based on rules that you set. And this includes both traditional and retirement accounts, too. M1 Finance is especially popular with people who are looking to build wealth over time because the platform is designed around

[11:13] consistency and automation, not so much active trading. But with that said, there are two things you should know about M1 Finance before signing up. First, M1 Finance places all of their trades together in batches, which limits

[11:27] you to just two potential trading windows each day. And second, there is a $3 per month platform fee that applies to accounts under 10,000. If you want to check them out, be sure to visit ryanscribner.com/m1

[11:40] to grab an APY boost. Next on our list here is Moomoo, an investing platform offering a cash sweep program similar to Robinhood. The current yield is a 3.35%

[11:52] APY, but you can actually get this boosted to an 8.1% APY for the first 2 months. And the best part is you don't have to pay for a subscription fee or anything like that to access this feature. Moomoo is designed for more

[12:06] active traders with advanced charting, robust data, and technical indicators built right into their mobile app. The downside is if you're not already using Moomoo to trade or invest, it doesn't have as much value as a standalone

[12:19] want the convenience of being able to earn a decent yield in the same place that you trade or invest, it can be a really solid option. Be sure to visit ryanscribner.com/moomoo to get that APY boost up to 8.1% when

[12:34] you sign up. Now, Wealthfront is the next high-yield account on our list. This is an automated investing platform offering a robo-advisor service, but they also have a cash account which currently pays a 3.3% APY. But for those

[12:49] who set up direct deposit and invest with them, too, the APY is bumped to a 3.55% as of this recording. And new users will get a 0.65% APY boost for the first 3 months on up

[13:03] deposited. That means you could potentially earn up to a 4.2% APY with Wealthfront at the very beginning, which is a very competitive rate. The Wealthfront cash account comes with zero fees and free 24/7 instant withdrawals,

[13:19] delivered to your bank account in minutes. In addition, Wealthfront is also a great option for mega savers as they offer up to $8 million in FDIC insurance through program banks. Similar to others on this list, a big benefit to

[13:35] using Wealthfront is the potential to make them a one-stop shop for your money. You can save and invest under one roof and that can simplify your money management and eliminate delays associated with traditional money

[13:47] transfers. Next up we have Everbank which was traditionally known as TIAA Bank. This primarily digital bank currently offers a highly competitive APY on their performance savings accounts of 3.9%.

[14:01] comes with no monthly fees or minimum balance required making this a really solid option. You're not going to be that's actually the entire point. It's focused on doing one thing really well

[14:14] and that's earning a strong interest rate on your cash. In addition, Everbank also offers additional personal banking products including money market, CD, and checking accounts. You'll also find diversified investing accounts as well

[14:28] as business accounts all available under one roof. The original roots to Everbank date back to 1961 so they also have an impressive track record to speak of too. The next option on our list is a household name, Capital One. Currently

[14:43] offering a 3.1% APY on their 360 performance savings account. This is one of the more recognizable names on our list here and it offers a nice blend of traditional banking and modern high-yield savings conveniences. One of

[14:57] the biggest advantages here is trust and accessibility. You get to partner with a well-established bank and have access to physical locations which is something that many high-yield savings accounts just can't offer. Capital One has about

[15:11] 750 locations across the United States in addition to over 70,000 free ATMs. There are no monthly fees or minimum balance requirements on the 360 Performance Savings Account and the app is very polished and beginner-friendly.

[15:26] You can also tap into their broader array of financial products under one roof including credit cards, checking accounts, business accounts, and more. The only real downside here is that their APY generally isn't the highest

[15:39] compared to the newer or digital only competitors. But for many, the added track record, customer support, and in-person banking services available make up for that. Finishing off the list, we have Vanguard offering a cash

[15:53] plus account currently paying a 3.1% APY. But with the 0.25% boost, which is available through September 30th of 2026, this is bumped up to 3.35%.

[16:05] This account is a bit different from others on the list because it's not a traditional savings account and instead it's centered around money market funds. sit within the same ecosystem as your retirement and long-term investing

[16:20] accounts, which can make managing your overall portfolio a lot more convenient. as simple or intuitive compared to some of the other options on this list, especially the newer fintechs. But if you're already using Vanguard, this can

[16:34] be a very efficient way to manage your cash and your investments. There you have it guys, that's a full rundown here of the 12 best high-yield savings accounts. If you made it to the end, make sure you drop a like and subscribe

[16:47] if you haven't already. And I'd love to hear what you think, too. What is your favorite place to earn a decent yield on your cash? Leave me a comment down below forget to check out my links down in the description below where you can earn a

[17:01] potential APY boost or deposit bonus depending on what account you go with. You can click here to watch this next video I think you'll enjoy and I'll see video I think you'll enjoy and I'll see you next time.