Standout Online Savings Accounts
The best online savings accounts offer high interest rates while being a safe place to park your money. Because online banks don’t have the expense of maintaining branches, they can offer high-interest savings paying many times higher than the national average of 0.42%*. To make the search easier, we created this shortlist of standout picks from our partners. Check out the offers, from our partners, and start earning interest today.
The best online savings accounts offer high interest rates while being a safe place to park your money. Because online banks don’t have the expense of maintaining branches, they can offer high-interest savings paying many times higher than the national average of 0.42%*. To make the search easier, we created this shortlist of standout picks from our partners. Check out the offers, from our partners, and start earning interest today.
Standout Online Savings Accounts From Our Partners
Bank/institution | NerdWallet rating | APY | Bonus | Learn more |
---|---|---|---|---|
SoFi Checking and Savings Learn more at SoFi Bank, N.A., Member FDIC | 4.00% With $0 min. balance for APY | $300 Earn up to $300 with direct deposit. Terms apply. | Learn more at SoFi Bank, N.A., Member FDIC | |
Discover® Online Savings Learn more at Discover® Bank, Member FDIC | 3.75% With $0 min. balance for APY | $200 Requirements to qualify | Learn more at Discover® Bank, Member FDIC | |
American Express® High Yield Savings Account Learn more at American Express National Bank, Member FDIC | 3.80% With $0 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC | |
CIT Bank Platinum Savings Learn more at CIT Bank, Member FDIC | 4.35% With $5,000 min. balance for APY | N/A | Learn more at CIT Bank, Member FDIC |
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Fidelity
Fees
per trade for online U.S. stocks and ETFs
Account minimum
Promotion
no promotion available at this time
Merrill Edge® Self-Directed
Fees
per trade
Account minimum
Promotion
no promotion available at this time
SoFi Active Investing
Fees
per trade
Account minimum
Promotion
in stock when you fund a new account.
on SoFi Invest's website
4.00%
With $0 min. balance for APY
$300
Earn up to $300 with direct deposit. Terms apply.
3.75%
With $0 min. balance for APY
$200
Requirements to qualify
3.80%
With $0 min. balance for APY
N/A
4.35%
With $5,000 min. balance for APY
N/A
*The national average annual percentage yield ("APY") is listed as 0.42% as reported by the Federal Deposit Insurance Corporation as of October 6, 2021.
To recap our selections...
NerdWallet's Standout Online Savings Accounts
- SoFi Checking and Savings: 4.00% APY
- Discover® Online Savings: 3.75% APY
- American Express® High Yield Savings Account: 3.80% APY
- CIT Bank Platinum Savings: 4.35% APY