Best High-Yield Savings Accounts of July 2026 (Up to 4.15%)

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Joel O’Leary is a full-time Personal Finance Writer at Motley Fool Money, covering credit cards, bank accounts, investing, mortgages, and other personal finance topics. Joel has been writing about personal finance since 2018, previously leading editorial content for the How To Money podcast and serving as a resident writer at Budgets Are Sexy. He bought his first rental property at age 18, funding the down payment with savings from his high school job at McDonald’s -- a testament to his lifelong passion for smart money decisions. His work aims to make personal finance accessible and actionable for everyday readers. When he’s not writing, Joel enjoys surfing and spending time with his family.

If you're keeping $10,000 in a plain ol' checking or savings account earning 0.01% APY, you'll earn about $1 in interest over an entire year. Move that same $10,000 to one of the best high-yield savings accounts (HYSAs) and you could earn $300-$400 or more -- same money, zero extra effort.

Our team has spent 100+ hours researching and testing savings accounts across the country, and I've personally had money parked in an HYSA for years. Whether you're building an emergency fund, or just want your cash working harder while it sits, here are the best high-yield savings accounts available in 2026.

Not sure where to start? These are our top picks at a glance:

Western Alliance Bank High-Yield Savings Premier (Member FDIC): 3.80% APY with no monthly fees, no balance tiers, and unlimited withdrawals.

SoFi Checking and Savings (Member FDIC): Earn up to 3.80% APY on savings. Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.

American Express® High Yield Savings Account (Member FDIC): 3.00%¹ APY as of

Those are our quick hits -- but the right account depends on your situation. Here's the full list, and what makes each one worth considering.

Our team of experts assessed 100+ banking institutions

We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks

Our bank ratings are never influenced by our advertising partners

We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased

Compare all of our best high-yield savings accounts:

The annual percentage yield (APY) is accurate as of January 8, 2026 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.

Accurate as of the time of publication. The national average rate referenced is from the FDIC’s published National Rates and Rate Caps for Savings deposit products, accurate as of March 16, 2026. See the FDIC website for more information.

Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.

¹The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded.

²There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.

³iOS and Android only. See app store listings for operating system info.

⁴For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 via the website or phone, but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information.

With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates -- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees.

Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of January 9, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.

* Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends August 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.

The promotion can end at any time without notice.

For complete list of account details and fees, see our Personal Account disclosures.

For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms

Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.

To earn a $200 bonus, new customers can open a savings account; deposit $25,000 or more within 30 days; and maintain at least that balance for 120 consecutive days. The bonus will be credited to your account within 60 days of meeting these requirements. Offer ends Jul. 31, 2026. Terms apply.

¹New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers can earn up to $60 for depositing between $10,000 and $24,999 ($50 welcome bonus + $10 bonus boost when you set up two recurring deposits or more totaling $100), up to $150 for depositing between $25,000 and $49,999 ($125 welcome bonus + $25 bonus boost when you set up two recurring deposits or more totaling $250), up to $300 for depositing between $50,000 and $99,999 ($250 welcome bonus + $50 bonus boost when you set up two recurring deposits or more totaling $500), up to $600 for depositing between $100,000 and $199,999 ($500 welcome bonus + $100 bonus boost when you set up two recurring deposits or more totaling $1,000), and up to $1,200 for depositing $200,000 or more ($1,000 welcome bonus + $200 bonus boost when you set up two recurring deposits or more totaling $2,000).

To qualify for the bonus, you must be a new Raisin customer who signs up between June 1, 2026, and July 31, 2026, and the promo code SUMMER26 must be entered at the time of sign-up. Deposit at least $10,000 within 14 days of your first deposit. You can make one or multiple deposits during this window, and your total deposited amount determines your bonus tier. You may add more funds during the 14-day window to reach a higher bonus tier. Satisfying these base requirements is mandatory to unlock and earn the optional recurring deposit boost. You can add this boost during your 14-day window by setting up an automated schedule that posts at least twice during the 90-day holding period. The recurring deposit boost is an extra cash reward earned by setting up an automated savings schedule within your first 14 days that posts at least twice during the 90-day holding period. Your base welcome bonus tier sets the maximum cap for this extra reward. If you choose to skip it, you will still earn your base welcome bonus by meeting the standard qualifying terms. However, you cannot earn the recurring boost on its own; satisfying the base welcome bonus requirements is mandatory to unlock it.

Once the deposit window closes, your balance must remain at or above your qualifying bonus tier for 90 days. If your balance drops below that amount during the 90-day period, you may no longer be eligible for that bonus. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus.

Bonus cash will be deposited by Raisin into the customer’s Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin reserves the right to modify or terminate this offer at any time.

https://www.happen.com/legal/deposits/levelup-savings-t-and-cs

At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products. Accounts are evaluated across four main criteria:

Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions. Learn more about how Motley Fool Money rates bank accounts.

The Federal Reserve cut interest rates three times in 2025, which has already started to take some pressure off savings yields. Looking ahead to 2026, most forecasts suggest a slower pace of cuts or a pause as the Fed monitors inflation and economic growth. That means rates on high-yield savings accounts could drift lower over time, even if the process isn’t immediate.

Even so, these accounts remain a smart place to keep money you want protected from the ups and downs of the stock and bond markets. Cash doesn’t lose value, and most high-yield savings accounts are FDIC insured up to $250,000 per account type.

They’re still called “high-yield” savings accounts for a reason. Regardless of what the Fed does next, these accounts typically pay meaningfully more than traditional checking or savings options, making them a solid choice for short-term savings and emergency funds.

-Robert Brokamp, Certified Financial Planner® and Senior Advisor at The Motley Fool

Reviews of our favorite high-yield savings accounts

Choosing the right savings account isn't about just picking the highest APY. Below, we break down what makes each account worth considering -- the perks, the caveats, and who it's actually a good fit for.

Best for simplicity: Western Alliance Bank High-Yield Savings Premier

Western Alliance Bank High-Yield Savings Premier

Unlimited number of external transfers (up to daily transaction limits)

Deposits and withdrawals can only be conducted via ACH transfer to/from an external bank account (limit to one linked account)

Western Alliance Bank offers a higher APY than most high-yield savings accounts. Plus, it's FDIC insured; therefore, deposits are perfectly safe up to applicable legal limits. The main drawback is that accounts don't have many features. For example, you can only deposit and withdraw funds via ACH transfer to/from an external bank account. This account is solid for those who want a sky-high APY, but don't mind a bare-bones banking experience.

Why I like it: Western Alliance Bank High-Yield Savings Premier offers a 3.80% APY on all balances -- no tiers or minimum balance hoops to jump through. You'll need $500 to open the account, but once it's funded, you can maintain any balance and still earn the same competitive rate. It's a strong, straightforward option for savers looking for solid returns from a reputable bank.

What you should know: Even though Western Alliance Bank has an app, you'll need to access your Western Alliance Bank High-Yield Savings Premier account through the bank's website for now. It's an online-only experience, but transfers and account management are easy once you're set up.

Best for direct deposit: SoFi Checking and Savings (Member FDIC)

Welcome bonus up to $400 (direct deposit required)

FDIC insured (up to $3M with opt-in to SoFi Insured Deposit Program)

Combo account only; no stand-alone savings or checking

Overdraft protection requires monthly direct deposit minimum

For those who plan to set up direct deposit with their new account, we think SoFi Checking and Savings (Member FDIC) is hard to beat. Not only does this savings account offer a strong APY, but the linked checking account earns an above-average rate, too -- which is a rare perk. Plus, new customers earn a bonus of $50 or $400 with eligible direct deposit. Frankly, it's the kind of combo that could make it worthwhile to switch banking relationships.

Why I like it: SoFi® has a way of winning people over. You might come for the high annual percentage yield (APY), but many end up switching their everyday banking here too. With no account fees, helpful savings tools, and a super clean app, it just makes managing money easy.

And right now, there's a limited-time offer available: Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.

What you should know: To unlock the best perks and highest APY, you'll need to set up direct deposit. SoFi® automatically opens both a checking and savings account, so you can move money between spending and saving without skipping a beat.

"I was interested in an online bank since I'd seen that a lot of them offered higher APYs than traditional banks. We chose to go with SoFi® because it offered some of the highest rates and had good reviews. Overall, it has been a good fit for us. Transfers are seamless, and the app is easy to navigate and keep track of activity with."

Best for AMEX cardholders: American Express® High Yield Savings Account

Unlimited number of external transfers (up to daily transaction limits)⁴

American Express High Yield Savings may not have the highest APY on our list, but it still offers a rate that is above the national average and requires no minimum deposit to open for the APY they offer². It's a good fit for those who want to save at a competitive rate while avoiding withdrawal limits or minimum balance requirements.

Open an American Express® High Yield Savings Account Account

Why I like it: The American Express® High Yield Savings Account is a high-trust option from a name you already know. There are no monthly fees, no minimums, and the account is refreshingly easy to use.2 It's also included in our list of the 10 safest banks in the U.S., so you can rest easy parking a large balance there.

What you should know: If you're already an American Express National Bank (Member FDIC) customer, adding this HYSA to your lineup is quick and seamless. Just keep in mind Amex is an online-only bank -- there's no ATM access or debit card, so your funds must be accessed via its website or mobile app.3

"I was drawn to an American Express® High Yield Savings Account because of its high APY, absence of fees and withdrawal limits, and my trust in the brand.2 The account integrates seamlessly with my other bank accounts. The user interface is easy to use. As an existing Amex card holder, opening a savings account with them was painless."

Best for balances over $5,000: CIT Platinum Savings

Interest compounds daily so your money can grow a bit faster

CIT Platinum Savings is a no-frills high-interest savings account that offers one of the highest APYs we've found available today -- as long as you can maintain a $5,000 minimum balance. Plus, customers can make an unlimited number of transfers and withdrawals each month (many savings accounts have monthly limits).

Why I like it: If you can keep at least $5,000 in your savings account, CIT Platinum Savings is a strong contender. The top tier rate is competitive, and the limited-time boost (with promo code CITBoost) can give your balance an extra bump for six months. There are no monthly fees, and the $100 minimum to open makes it accessible.

What you should know: This is a tiered account, and the gap between tiers matters. If you're parking less than $5,000, you'll earn a lower APY, and even with the temporary boost, it lags behind some of the flat-rate accounts on this page. If your balance is under $5,000, you'll likely come out ahead with one of the no-tier options above that pays its highest APY on every dollar you deposit.

Best for branch access: Capital One 360 Performance Savings

Capital One 360 Performance Savings checks all the boxes we look for in a high-yield savings account. It even offers branch locations and Capital One Cafes where customers can seek in-person support (if you live near one). This makes it a great fit when you want to reap the rewards of online banking but aren't quite ready to cut ties with brick-and-mortar banks.

Open a Capital One 360 Performance Savings Account

Why I like it: What sets this bank apart is the availability of branch locations and full-service banking support. It just adds a nice layer of convenience rarely found with high-yield savings accounts.

What you should know: While the account offers branch access, this perk is only useful if you live near a Capital One location -- otherwise, in-person banking isn't an option. Make sure to check that before deciding if this is right for you.

"My family and I have enjoyed the convenience of banking with Capital One overall. The accounts are easy to use, the interface is simple, money moves quickly, and while savings rates aren't top of the market, they're much higher than mainline banks."

Best for CD and savings combo: Synchrony Bank High Yield Savings

The Synchrony Bank High Yield Savings account has no minimum deposit and offers one of the highest APYs on our radar. It not only provides an ATM card with access to your cash at tens of thousands of free ATMs, but Synchrony will even reimburse a certain amount of out-of-network ATM fees. With a top-rated app and no maintenance fees, the Synchrony High Yield Savings account could certainly be worth a look.

Why I like it: Synchrony Bank won our Best Bank for CDs and Best Bank for CD Laddering awards in 2026. But it also offers a great high-yield savings account which makes it perfect for savers who put money across multiple products. It has no monthly fees, no minimum deposit, and a competitive flat-rate APY on every dollar you save. It also comes with an ATM card with up to $5 in out-of-network fee reimbursements per statement cycle -- a nice bonus.

What you should know: Synchrony Bank does not offer a checking account, so you'll still need a separate bank for day-to-day spending. If keeping everything under one roof matters to you, others are better for all-in-one set-ups.

Best for set-and-forget banking: Barclays Tiered Savings

Barclays Tiered Savings rewards savers with a tiered APY structure, offering higher rates as your balance grows. No monthly fees and no minimum balance to open mean it's accessible to everyone, while unlimited transfers and withdrawals let you manage your savings your way.

Why I like it: One of the best things about Barclays is you earn the same high APY whether you have $1,000 or $100,000 in your account. Only balances above $250,000 qualify for a further premium tier, but even then, lower balances still earn a rate that beats most traditional banks.

What you should know: There's no debit card or checking account available at Barclays. And since money transfers can take a couple days to process, it's better suited for money you're setting aside for longer-term goals.

Best for low minimum deposit: EverBank Bank High-Yield Savings Account from Raisin

EverBank Bank High-Yield Savings Account from Raisin

You can only transfer in and out via one linked external account

All customer service goes through Raisin directly; you can't contact EverBank yourself

Earn a 4.15% APY with a High-Yield Savings Account from EverBank (Member FDIC), powered by Raisin. Your deposits are FDIC-insured through a trusted 130-year-old community bank. If maximizing yield is your priority and you don't need branch access, it's a solid pick.

Why I like it: EverBank Bank High-Yield Savings Account from Raisin offers one of the highest APYs available right now. This is a no-frills, high-yield account that's built for savers who want to maximize interest above all else.

What you should know: There's a super-low $1 minimum deposit requirement to get started, but otherwise nothing special needed to earn the top APY. Even though this account is only offered via the Raisin platform, it's FDIC insured and a trustworthy place to store and grow your money.

Best for ATM users: Happen Bank LevelUp Savings

Requires you to make monthly deposits to earn the best APY

ACH outbound transfers limited to $10,000 per day for some accounts

The Happen Bank LevelUp Savings account has a lot to offer. At the top of the list is its high APY, though you must deposit monthly to earn the best rate. Next is zero account fees, a strong and straightforward perk. Finally, you get a free ATM card, which you can use to withdraw from thousands of ATMs nationwide. Interested? You can open an account with $0.

Why I like it: This account has one of the highest APYs on the page, provided you can meet the $250 monthly deposit requirement. It's easy to open, easy to use, and there are no monthly fees.

What you should know: Happen Bank gives you a debit card connected to your savings account, which is quite rare. Also, it covers ATM fees! Outbound transfers are unlimited, but daily limits may apply depending on your banking status. This is a non-issue for most people, but something to note nonetheless.

"I've had a Happen Bank HYSA for three years. They do a great job of assuring me my money is safe despite being an online-only bank. Good communication about my APY, an easy-to-use app, and an ATM card that gives me the option to withdraw if I ever need to. Plus, I've been really pleased with the above-average APY."

Best for integrated banking: E*TRADE Premium Savings

Conveniently transfers money to brokerage account

With no fees and no account minimums, E*TRADE Premium Savings can be a great add-on to your E*TRADE brokerage account. Its APY is decent, but you can find better interest rates at other banks.

Why I like it: E*TRADE isn't just for stock investing. The E*TRADE Premium Savings account offers a competitive APY, no monthly fees, and easy transfers between your savings, checking, and brokerage accounts -- all in one place.

What you should know: This savings account pairs well with the E*TRADE Max-Rate Checking account, which also earns a competitive APY and includes global ATM fee refunds. It's a great fit for savers who also want to keep their investing and banking under one roof.

Opening an account is fast, easy, and can usually be done entirely online. Most applications take less than 10 minutes.

Government-issued ID (like a driver's license or passport)

External bank account details (to fund your new account)

If you're opening a joint savings account, both people will need to provide this info.

Pro tip: Many banks offer a welcome bonus or top APY only when you set up direct deposit -- so that's worth doing immediately after sign-up. Just take note of your new account number and bank routing details and provide it when needed for direct deposit.

A savings account is one of the simplest banking tools out there. The bank holds your money, pays you interest on it, and keeps it FDIC insured.

The interest you earn is expressed as an APY (annual percentage yield). The higher the APY, the more your money grows without you doing anything.

Most traditional savings accounts pay next to nothing. High-yield savings accounts (typically offered by online banks) pay significantly more, often as much as 10x the national average savings APY, with the same level of safety and access.

A high-yield savings account is a low-maintenance way to grow your money -- but it's not perfect for every situation. Here's the quick breakdown of pros and cons for savings accounts you should know about:

Your money earns interest every month, automatically

No investment risk -- your balance doesn't go down

Rates are variable -- they can drop without notice

No ATM or debit card access at most online banks

Not ideal for long-term wealth building vs. investing

Most transfers are processed as ACH, which can take one to three days to clear.

Yes. As long as the bank is FDIC insured, your money is protected up to $250,000 per account -- even if the bank fails. Every account on this page is FDIC insured.

Online banks are just as safe as traditional banks in this regard. They follow the same federal regulations and security standards.

If you have more than $250,000 to deposit, some banks on this list offer expanded coverage through program banks. SoFi®, for example, offers up to $3 million in FDIC coverage through its insured deposit program.

As you compare savings accounts, think about what you'll use the account for.

Do you want to be able to withdraw your money at any time to cover unexpected expenses?

Are you saving up for a major goal over several years, and could use every dollar of interest you can earn?

Answering these questions will help you compare and decide which savings account is best for you.

Here's a look at the common types of savings accounts you'll run into.

Traditional savings account: These accounts are usually easy to open and easy to access. But APYs tend to be pretty low, and most of these accounts carry maintenance fees if your balance falls below a certain amount.

High-yield savings account: These are similar to traditional savings accounts, but they offer much higher APYs and most don't have monthly maintenance fees.

Money market account: Money market accounts offer the APYs of a savings account with the easier access of a checking account. However, these accounts usually have higher minimum balance requirements than typical savings accounts.

Certificate of deposit (CD) account: Certificates of deposit (CDs) can sometimes offer higher APYs than even the top high-yield savings accounts. If you're looking for the best APY on a savings account, CDs are definitely worth considering. But you have to agree not to withdraw your funds for the full CD term (which could be months or years).

Specialty savings account: A specialty savings account is a savings account that's geared at a certain group of people or goals. Examples include kids' savings accounts, health saving accounts, and education savings accounts.

Sources https://www.fdic.gov/resources/bankers/national-rates/index.htmlhttps://www.sofi.com/banking/savings-account/https://www.americanexpress.com/en-us/banking/online-savings/high-yield-savings/https://www.raisin.com/en-us/banks/nexbankhttps://www.cit.com/cit-bank/bank/savings/platinum-savings-accounthttps://banking.barclaysus.com/tiered-savingshttps://www.happen.com/personal-banking/savings/high-yield-savingshttps://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/https://www.synchrony.com/banking/products/high-yield-savingshttps://www.everbank.com/banking/performance-savingshttps://us.etrade.com/bank/premium-savings-account

https://www.fdic.gov/resources/bankers/national-rates/index.html

https://www.sofi.com/banking/savings-account/

https://www.americanexpress.com/en-us/banking/online-savings/high-yield-savings/

https://www.cit.com/cit-bank/bank/savings/platinum-savings-account

https://banking.barclaysus.com/tiered-savings

https://www.happen.com/personal-banking/savings/high-yield-savings

https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/

https://www.synchrony.com/banking/products/high-yield-savings

https://www.everbank.com/banking/performance-savings

https://us.etrade.com/bank/premium-savings-account

What is a high-yield savings account? A high-yield savings account pays a significantly higher APY than a traditional savings account -- often 10X more. They're typically offered by online banks, are FDIC-insured up to $250,000, and have no fees or minimums in most cases.If your money is sitting in a big bank savings account earning 0.01%, moving it to an HYSA is one of the easiest financial upgrades you can make.

A high-yield savings account pays a significantly higher APY than a traditional savings account -- often 10X more. They're typically offered by online banks, are FDIC-insured up to $250,000, and have no fees or minimums in most cases.

If your money is sitting in a big bank savings account earning 0.01%, moving it to an HYSA is one of the easiest financial upgrades you can make.

What is a good APY for a savings account right now? The best HYSAs currently offer between 4.00%-4.50% APY. The national average is 0.38%, so anything above 4.00% is strong in today's rate environment.Rates are variable and tied to the federal funds rate, so they can change anytime. Which is why it's worth checking current rates before opening an account.

The best HYSAs currently offer between 4.00%-4.50% APY. The national average is 0.38%, so anything above 4.00% is strong in today's rate environment.

Rates are variable and tied to the federal funds rate, so they can change anytime. Which is why it's worth checking current rates before opening an account.

Is an HYSA better than a CD? This really depends on your timeline and savings goals. An HYSA keeps your money accessible and pays a variable APY that can change over time. A CD locks up your money, but pays a fixed APY that guarantees your returns.

This really depends on your timeline and savings goals. An HYSA keeps your money accessible and pays a variable APY that can change over time. A CD locks up your money, but pays a fixed APY that guarantees your returns.

What's the difference between an HYSA and a money market account? Both are safe, interest-earning deposit accounts, and the rates are often similar. The main difference is access: money market accounts sometimes add checks or a debit card, while HYSAs are built purely for stashing and growing cash.For most people who just want the best rate with no minimums and no extras to manage, an HYSA wins.

Both are safe, interest-earning deposit accounts, and the rates are often similar. The main difference is access: money market accounts sometimes add checks or a debit card, while HYSAs are built purely for stashing and growing cash.

For most people who just want the best rate with no minimums and no extras to manage, an HYSA wins.

Are high-yield savings accounts safe? Yes -- every account on this list is FDIC-insured (or NCUA-insured for credit unions), meaning your deposits are protected up to $250,000 per depositor, per institution.Online banks offering HYSAs are just as safe as traditional banks in this regard; they simply have lower overhead, which lets them pass higher rates on to customers.

Yes -- every account on this list is FDIC-insured (or NCUA-insured for credit unions), meaning your deposits are protected up to $250,000 per depositor, per institution.

Online banks offering HYSAs are just as safe as traditional banks in this regard; they simply have lower overhead, which lets them pass higher rates on to customers.