Best High-Yield Online Savings Accounts
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- National Savings Rate Avg.*: 0.38%
- See 10x & higher rates from our partners
APY
3.50%
Annual Percentage Yield (APY)
- High Yield Savings Account
- Min. to Earn APY: $0
- Min. to Open: $0
- 3.50% APY
- APY as of September 07, 2025
- Interest Compounded Daily
- $0 Monthly Fees
- 24/7 Customer Service
- FDIC Insured up to $250,000
- Backed by the Service & Reliability of American Express
- Terms Apply
- See Site for Details
On American Express National Bank's Secure Site, Member FDIC
Bonus Offer
APY
3.50%
- High Yield Savings Account
- Min. balance for APY: $0
- Min. Initial Deposit: $0
- Monthly Fees: $0
- 3.50% APY
- Insured up to $250,000
- Open Your First Discover Online Savings Account & Earn up to a $200 Bonus
- Deposit at least $15,000 to Earn a $150 Bonus
- Deposit at least $25,000 to Earn a $200 Bonus
- Open Account By 9/11/2025
- Deposit Funds within 45 Days of Account Open Date
- Terms Applyⓘ
- Use Promo Code: CA325
- See Site For Details
To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code CA325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank.
On Discover Bank's Secure Site, Member FDIC
APY
3.90%
- High Yield Savings Account
- Min. initial deposit: $100
- 3.90% APY
- No Monthly Service Fees
- No Minimum Monthly Balances
- Mobile App Online Banking
- Deposit Checks Remotely & Make Transfers Easily
- FDIC Insured up to $250,000
- Sign Up in Under 5 Minutes
- Terms Applyⓘ
- See Site for Details
Savings Connect Account Disclosure
APY — Annual Percentage Yield is accurate as of June 12, 2025. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
On CIT Bank's Secure Site, Member FDIC
APY
4.00%
- High Yield Savings Account
- Balance for APY: $5,000
- 4.00% APY
- No Monthly Service Fees
- Earn a Higher APY with a Higher Min. Balance
- Mobile App Online Banking
- Deposit Checks Remotely & Make Transfers Easily
- FDIC Insured up to $250,000
- Sign Up in Under 5 Minutes
- Terms Applyⓘ
- See Site for Details
Platinum Savings Account Disclosure
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 June 12, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 4.00% 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.
On CIT Bank's Secure Site, Member FDIC
APY
4.30%
- High Yield Savings Account
- Min. initial deposit: $1
- 4.30% APY
- FDIC Insured up to $250,000
- No Monthly Fees
- Interest Compounded Daily
- Ranked #1 Top-Performing Bank with Assets Greater Than $50 Billion in 2021, 2022, 2023 & 2024 by American Banker
- Founded in 2003, Western Alliance Bank has over $80 Billion in Assets
- Exclusive Offer Powered by The Raisin Platform
- Limited Time Offer: New customers can earn a $75 bonus for $10K, $250 bonus for $25K, $500 bonus for $50K or $1,000 bonus for $100K+ deposited.
- Use promo code EASY at sign-up.
- See Site for Details
On Raisin's Secure Site for Western Alliance Bank,
Member FDIC
Compare With
APY
0.01%
Chase Bank Details
- Savings Account
- 0.01% APY
- Min. Balance to Avoid Service Fee: $300
- Monthly Service Fees: up to $5
- Limit 6 Withdrawals per Monthly Statement Period
- Withdrawal Overage Fees: up to $15 per month
- Other Miscellaneous Fees Apply
Not Recommended.
Shown For Comparison Purposes Only.
APY
3.66%
- High Yield Savings Account
- Min. initial deposit: $1
- 3.66% APY
- FDIC Insured up to $250,000
- No Monthly Fees
- Interest Compounded Daily
- RBMAX is Republic Bank's Digital Banking Service
- Founded in 1982, Republic Bank Now Has Over $6 Billion in Assets
- Exclusive High APY Offer Powered by The Raisin Platform
- See Site for Details
On Raisin's Secure Site for
RBMAX, FDIC Insured
Compare With
APY
0.01%
Wells Fargo Details
- Savings Account
- Min. Initial Deposit: $25
- No Fee Min. Balance: $300
- 0.01% APY
- Monthly Maintenance Fee of $5. If Below Min. Balance
- Other Fees May Still Apply
Not Recommended.
Shown For Comparison Purposes Only.
APY
3.75%
- High Yield Savings Account
- Min. initial deposit: $1
- 3.75% APY
- NCUA Insured up to $250,000
- No Monthly Fees
- Interest Compounded Daily
- Established in 1938
- 18th Largest Credit Union by assets in the USA
- Over $11 billion in assets
- 400,000+ members living in all 50 states
- Exclusive Offer Powered by The Raisin Platform
- See Site for Details
On Raisin's Secure Site for
GreenState Credit Union,
NCUA Insured
Compare With
APY
0.01%
Bank of America® Details
- Savings Account
- No Fee Min. Balance: $500
- 0.01% APY
- Monlthy Maintence Fee of $8. If Below Min. Balance
- $5 Fee for Statement Copies
- Other Fees May Still Apply
Not Recommended.
Shown For Comparison Purposes Only.
To recap our recommendations.
Best Savings Accounts According To CompareAccounts™
American Express® High Yield Savings Account: 3.50% APY as of September 07, 2025
Discover® Bank Online Savings Account: 3.50% APY - Earn up to $200 with Promo Code: CA325
CIT Bank® Savings Connect Account: 3.90% APY as of September 07, 2025
CIT Bank® Platinum Savings Account: 4.00% APY as of September 07, 2025
Western Alliance Bank® High Yield Savings Account: 4.30% APY - Earn up to $500 with Promo Code: BOOST
RBMAX High Yield Savings Account: 3.66% APY
Frequently Asked Questions About Online Savings Accounts
What is a Online Savings Account?
An online savings account is a type of bank account that offers a higher Annual Percentage Yield (APY) than a checking account.
A checking account is used for money that needs to be moved quickly such as to pay bills or use for ever day spending.
Whereas a savings account is a better option for money that doesn’t need to be used right away, for example your emergency fund.
How to Find The Best Online Savings Account?
Arguably the best way to find the best savings accounts is right here on www.compareaccounts.com. Although we don’t showcase every single savings account available, we stand by our recommendations as the highest tier of the best accounts in America.
Why are Online Savings Accounts Better Than Traditional Ones?
Traditional banks offer low rates on savings accounts. This is because they’re managing insanely large amounts of money and need to manage their risk profile. The less “guaranteed returns” they provide, the less risky their overall portfolio becomes. As a result, traditional banks only offer about .01-.10% interest on their savings accounts. A high yield account offers up to interest on your savings. Which is nearly 10x the national average. Now you know why so many people are switching to a high yield savings account.
Is My Money Safe?
Yes! Savings accounts listed on this page are protected by the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation insures Bank and thrift deposits up to $250,000.
How Do I Open a Online Savings Account?
Easy. Simply click on the “view details” button above of your selected finanicial instution. Once you arrive at our partners site, you’ll be able to open your new savings account safely and securely.
*National Savings Rate Average as published by FDIC