The top national institution’s high-yield savings account rate is 5.50% APY, offered by Milli and Poppy Bank. That’s only one of at least 15 excellent rates you can discover in our ranks, and it’s about twelve times the FDIC’s national average for savings accounts, which is 0.47% APY. 1. Every daily since 2019, we have been analyzing rates from more than 100 banks and credit unions and providing the best annual percentage rates (APYs) for your comparison. The top 15 savings account rates in the country are listed here, along with highlighted savings accounts from our partners.

Best High-Yield Savings Account Rates

• Milli Bank – 5.50% APY*

• Poppy Bank – 5.50% APY

• My Banking Direct – 5.35% APY

• BrioDirect – 5.35% APY

• Vio Bank – 5.30% APY

• Ivy Bank – 5.30% APY

• TAB Bank – 5.27% APY

• TotalDirectBank – 5.26% APY

• Newtek Bank – 5.25% APY

• UFB Direct – 5.25% APY

• Evergreen Bank Group – 5.25% APY

• CFG Bank – 5.25% APY

• North American Savings Bank – 5.24% APY*

• Popular Direct – 5.20% APY

• EverBank (formerly TIAA Bank) – 5.15% APY

• RBMAX – 5.15% APY

• Bread Savings – 5.15% APY

• Western State Bank – 5.15% APY

• Milli Bank – 5.50% APY*

Minimum opening deposit: $0

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: Yes

Mobile check deposit: No

Checking accounts available: No

CDs available: No

Bank details: First National Bank of Omaha, which has operated over 100 branches in eight states and has been FDIC-insured since 1934, has a section called Milli that works through apps. 

*You can only access this savings account through a mobile app.

 

• Poppy Bank – 5.50% APY

Minimum opening deposit: $0

Minimum ongoing balance: $1,000 to earn stated APY

Monthly fee: None with electronic statements; otherwise $5

ATM card: Yes

Mobile check deposit: No

Checking accounts available: Yes

CDs available: Yes

Bank details: Santa Rosa, California-based Poppy Bank was established in 2005 and has eighteen offices around the state and its national online customer base.

Note: After establishing the account, this rate is guaranteed for 180 days.

• My Banking Direct, High Yield Savings Account – 5.35% APY

Minimum opening deposit: $500

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: Yes

CDs available: Yes

Bank information: My Banking Direct is the online-only branch of New York Community Bank, a five-state bank that was established in 1859 and has over 200 offices.

• BrioDirect, High-Yield Savings Account – 5.35% APY

Minimum opening deposit: $5,000

Minimum ongoing balance: $25 to earn stated APY

Monthly fee: None; $5 with paper statements

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: Operated by Webster Bank, which amalgamated with Sterling National Bank in 2022, BrioDirect is an online-only financial institution.

• Vio Bank, Cornerstone Money Market Savings Account – 5.30% APY

Minimum opening deposit: $100

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: MidFirst Bank, an Oklahoman institution founded in 1911 and ranked among the Top 100 largest U.S. banks, has an online banking section called Vio Bank.

Note: Despite the term “money market” in the account name, this account functions more like a savings account and does not allow check writing.

• Ivy Bank, High-Yield Savings Account – 5.30% APY

Minimum opening deposit: $2,500

Minimum ongoing balance: $2,500 to earn stated APY

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: Cambridge Savings Bank, which has been providing services to the greater Boston region since 1834, offers an online-only section called Ivy Bank.

• TAB Bank, High Yield Savings Bank – 5.27% APY

Minimum opening deposit: $0

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: Yes

CDs available: Yes

Bank details: TAB Bank was founded in 1998 and is located in Ogden, Utah. It provides a full range of banking services only online.

• TotalDirectBank, Money Market Account – 5.26% APY

Minimum opening deposit: $25,000

Minimum ongoing balance: $2,500 to earn stated APY

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: Established in 1946 in Miami, City National Bank of Florida operates TotalDirectBank only online.

Note: Customers around the country can access TotalDirectBank, except for Floridians.

Note: Despite the term “money market” in the account name, this account functions more like a savings account and does not allow check writing.

• Newtek Bank, Personal High Yield Savings – 5.25% APY

Minimum opening deposit: $0

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: No

Checking accounts available: No

CDs available: Yes

Bank details: Newtek, the bank’s 2023 rebranding, is the FDIC-insured National Bank of New York City, which has been servicing customers nationally online and with one location each in New York and Miami since 1963.

• UFB Direct, Secure Savings Account – 5.25% APY

Minimum opening deposit: $0

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: Yes

Mobile check deposit: Yes

Checking accounts available: No

CDs available: No

Bank details: Axos Bank was established in 2000, and UFB Direct is its online-only branch. It has two locations: one in San Diego and one in Las Vegas.

• Evergreen Bank Group, High-Yield Online Savings – 5.25% APY

Minimum opening deposit: $100

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: Yes

Mobile check deposit: Yes

Checking accounts available: Yes

CDs available: Yes

Bank details: Established in 1999, Evergreen Bank Group is a locally owned bank with its headquarters located in Oak Brook, Illinois.

• CFG Bank, High Yield Money Market Account – 5.25% APY

Minimum opening deposit: $1,000

Minimum ongoing balance: $1,000 to earn stated APY

Monthly fee: None with a $1,000 ongoing balance; otherwise, $10/month

ATM card: No

Mobile check deposit: Yes

Checking accounts available: Yes

CDs available: Yes

Bank details: CFG is based in Baltimore and has two physical locations there. It provides clients around the nation with online access to a limited range of banking products.

Note: Despite the term “money market” in the account name, this account functions more like a savings account and does not allow check writing.

• North American Savings Bank, Interest Savings – 5.24% APY*

Minimum opening deposit: $25,000

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: North American Savings Bank was founded in 1927 and has more than a dozen locations in the Kansas City region. It also provides customers around the country with a range of online banking services.

*Residents of Kansas and Missouri are not eligible.

• Popular Direct, Select Savings – 5.20% APY

Minimum opening deposit: $100

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: Popular Bank, the American banking division of Popular Inc., provides financial services to clients in the United States, Puerto Rico, and the Caribbean. Popular Direct is Popular Bank’s exclusively online division.

• EverBank (formerly TIAA Bank), Yield Pledge Online Savings – 5.15% APY

Minimum opening deposit: $0

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: Yes

Mobile check deposit: Yes

Checking accounts available: Yes

CDs available: Yes

Bank details: The Fortune 100 financial services company EverBank provides banking services both online and through its nine physical locations in Florida.

• RBMAX, Max Interest Savings – 5.15% APY

Minimum opening deposit: $10

Minimum ongoing balance: Any amount

Monthly fee: None with electronic statements; otherwise, $4

ATM card: Yes

Mobile check deposit: Yes

Checking accounts available: Yes

CDs available: No

Bank details: The internet arm of Republic Bank & Trust Company is called RBMax. Based in Louisville, Kentucky, and founded in 1982, RBTC has almost 50 branches spread across five states.

• Bread Savings, High-Yield Savings Account – 5.15% APY

Minimum opening deposit: $100

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: Yes

Checking accounts available: No

CDs available: Yes

Bank details: Comenity Capital Bank, the credit card issuer, runs an online bank for customer deposits called Bread Savings.

• Western State Bank, Online Money Market Account – 5.15% APY

Minimum opening deposit: $5,000

Minimum ongoing balance: Any amount

Monthly fee: None

ATM card: No

Mobile check deposit: No

Checking accounts available: Yes

CDs available: No

Bank details: Ten branches of Western State Bank, which has been FDIC-insured since 1934, are located in Arizona and North Dakota.

Note: Despite the term “money market” in the account name, this account functions more like a savings account and does not allow check writing.

Oliver Brown