Standout High-Yield Savings Accounts
Standout High-Yield Savings Accounts From Our Partners
| Bank/institution | NerdWallet rating | APY | Bonus | Learn more |
|---|---|---|---|---|
 CIT Bank Platinum Savings Learn more at CIT Bank, Member FDIC | 4.55% With $5,000 min. balance for APY | N/A | Learn more at CIT Bank, Member FDIC | |
 Capital One 360 Performance Savings™ Learn more at Capital One, Member FDIC | 3.90% With $0 min. balance for APY | N/A | Learn more at Capital One, Member FDIC | |
 SoFi Checking and Savings Learn more at SoFi Bank, N.A., Member FDIC | 4.20% 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 | |
 UFB Portfolio Savings Learn more at UFB Direct, Member FDIC | 4.31% With $0 min. balance for APY | N/A | Learn more at UFB Direct, Member FDIC |
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Wealthfront Cash Account
Monthly fee
APY
With $1 min. balance for APY
Bonus
Requirements to qualify
at Wealthfront
Public
Fees
Account minimum
Promotion
when you transfer your investment portfolio to Public.
on Public's website
Betterment Cash Reserve – Paid non-client promotion
Monthly fee
APY
With $0 min. balance for APY
Bonus
at Betterment
4.55%
With $5,000 min. balance for APY
N/A
3.90%
With $0 min. balance for APY
N/A
4.20%
With $0 min. balance for APY
$300
Earn up to $300 with direct deposit. Terms apply.
4.31%
With $0 min. balance for APY
N/A
Building an emergency fund
Emergency funds don’t get enough credit. They’re useful to literally everyone and protect you from falling into debt when life happens. Think: blown transmission, a surprise vet bill or even losing a job. Experts recommend having 3-6 months of living expenses in your fund. And because the money needs to be available at last notice — but might sit around for quite a while — a high-interest savings account is one of the best accounts you can use.
Why online banks dominate the list
The two most important factors for virtually every bank-shopper are APYs and maintenance fees (since they have the biggest impact on your bottom line). And, as it happens, online banks are offering massive APYs — as much as 10x the average APY** — plus, they also offer rock-bottom maintenance fees.
**10x more interest based on the national average annual percentage yield ("APY") of 0.43% (as reported by the Federal Deposit Insurance Corporation as of November 18, 2024) as compared to online banks with interest-bearing savings account APYs of 0.40% or more. Estimated annual earnings result assumes principal and interest remain on deposit for one year and interest rates and APY do not change. Estimated annual earnings are for informational purposes only. Interest rates and APY are subject to change and specific results cannot be guaranteed.
*The national average annual percentage yield ("APY") is listed as 0.43% as reported by the Federal Deposit Insurance Corporation as of November 18, 2024.
To recap our selections...
NerdWallet's Standout High-Yield Savings Accounts
- CIT Bank Platinum Savings: 4.55% APY
- Capital One 360 Performance Savings™: 3.90% APY
- SoFi Checking and Savings: 4.20% APY
- UFB Portfolio Savings: 4.31% APY
