#1 savings pickElevault High Yield SavingsElevault · 4.34% APY · 4.34% APY · $0 to open · Rated 4.6 / 5Read our review →
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Rates checked weekly at the source · Rankings are never paid

Savings accounts

Savings Accounts

Compare high yield savings accounts from online banks, read our reviews and learn what to look for before you move your money.

Our top pick for most savers is Elevault High Yield Savings, which pays 4.34% APY with no monthly requirements and no monthly fee. The highest rate we found is up to 4.40% APY at Pibank. Every account we compare is FDIC insured. Rates checked Oct 27, 2026.

Best high yield savings accountsCD ratesCurrent ratesReviewsSavings basicsHow we rate
Our reviews

Savings accounts we have reviewed

Ranked by BankingPicks score. Tap any account for the full review.

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Pibank logo
4.2/ 5
Highest rate for a lump sum you will leave alone

Pibank Savings

4.40%APY
$0Minimum to open
$4401 year on $10,000
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Rates checked Oct 27, 2026

Current savings rates

AccountAPYWhat it takes
Elevault logoElevault High Yield SavingsAPY as of May 5, 20264.34%No monthly requirementsReview →
EverBank logoEverBank Performance Savings AccountAPY as of Oct 23, 20264.20%No monthly requirementsReview →
Happen Bank logoHappen Bank LevelUp SavingsAPY as of Oct 23, 20264.20%with $250 or more in deposits each monthReview →
Bread Savings logoBread Savings High Yield Savings AccountAPY as of Oct 27, 20264.05%No monthly requirementsReview →
Peak Bank logoPeak Bank Envision High Yield SavingsAPY as of Oct 1, 20264.27%No monthly requirementsReview →
Newtek Bank logoNewtek Bank Personal High Yield Savings AccountAPY as of Oct 27, 20264.20%No monthly requirementsReview →
Openbank logoOpenbank High Yield Savings AccountAPY as of Oct 27, 20264.00%No monthly requirementsReview →
E*TRADE logoE*TRADE Premium SavingsAPY as of Oct 27, 20263.75%No monthly requirementsReview →
Axos Bank logoAxos ONE SavingsAPY as of Oct 27, 20264.21%with monthly deposit and balance rulesReview →
Always.bank logoAlways.bank High Yield Savings AccountAPY as of Oct 27, 20264.10%No monthly requirementsReview →

Savings basics

How a high yield savings account works

You deposit money, the bank pays interest, and you can withdraw when you need to. The APY tells you how much you would earn over a year, including compounding. Online banks usually pay far more than branch banks because they spend less on buildings and staff.

APY vs. interest rate

The interest rate is the base rate the bank pays. The APY includes the effect of compounding, so it is the better number for comparing accounts. We always show APY, as the bank discloses it.

What it takes to earn the top rate

Some accounts pay their best rate only if you set up direct deposit or keep a minimum balance, and pay less in months you miss those rules. Our reviews list both rates and the exact rules, and our scores reward accounts whose top rate is easy to earn.

Where to keep your emergency fund

Speed matters for emergency cash. Accounts that hold transfers for several business days are better for longer term savings. If you want same day access, keep a small buffer in checking or choose an account with ATM access.

See our ranked list of the best high yield savings accounts →