Best High-Yield Savings Accounts of 2026: Rates Top 5%
If your savings are still sitting in a traditional bank account earning near-zero interest, you could be leaving hundreds or thousands of dollars on the table each year. With the Federal Reserve keeping its benchmark rate elevated, online banks are in a fierce battle for deposits.
The national average interest rate on savings accounts is just 0.46%, according to the FDIC. The best high-yield savings accounts currently pay more than 10 times that.
Top High-Yield Savings Accounts Right Now
- EverBank Performance Savings: 5.15% APY — no minimum balance, FDIC insured.
- UFB Direct High Yield Savings: 5.10% APY — no monthly fees, $0 minimum.
- Bread Financial High-Yield Savings: 5.05% APY — easy online account management.
- Marcus by Goldman Sachs Online Savings: 4.90% APY — no-fee, no-minimum account.
- LendingClub High-Yield Savings: 4.85% APY — comes with an optional debit card.
What to Look For
When choosing a high-yield savings account, the APY is obviously important — but it shouldn't be the only factor. Look for accounts with no monthly maintenance fees, no minimum balance requirements, and an easy-to-use mobile app. Confirm the bank is FDIC-insured, which protects deposits up to $250,000 per depositor.
One important caveat: the rates on these accounts are variable, meaning the bank can lower them at any time. If the Federal Reserve starts cutting rates later this year, expect APYs on high-yield savings accounts to follow suit.
“This is genuinely one of the best environments for savers in 15 years. People who are still in big-bank accounts earning 0.01% are essentially gifting money to their bank.”