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Your Guide to the Best High Yield Savings Accounts of January 2026

Maximize your savings with annual percentage yields (APYs) on top high-yield savings accounts 10X the national average.

We’ve rounded up the best of the best based on the features you care about. Compare savings and money market accounts below.

Savings rates may vary by bank and account type. Whether in a savings account or money market account, deposits that earn a higher savings rate will grow at a faster pace. Account holders are subject to a six-withdrawal limit per month and deposits are covered under FDIC insurance up to $250,000 per depositor, per insured bank, for each ownership class.

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MyBankTracker Rating
Our editors analyze the factors below to determine ratings and give you the best guidance:

Fees

Factors in common account fees, including monthly service charges and ATM withdrawal fees.

Accessibility

Factors in the size of branch and ATM networks (for traditional banks) or ease of ATM access for (online banks).

Technology

Factors in the availability of online and mobile banking, in addition to the scope of their features.
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SoFi Checking and Savings
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Frequently Asked Questions

Is your money safe in an online savings account?

Yes, your money in an online savings account is safe because your deposits are insured by the FDIC (up to the eligible limits) just the same as a savings account from a brick-and-mortar bank. Online banks are FDIC-insured too. In fact, the most popular online banks are some of the biggest U.S. financial institutions (by deposits).
You're likely to earn the most interest on your savings from an online bank. An online bank is able to offer market-leading interest rates because it doesn't have to pay the high operating costs of running a physical network of branches and ATMs. Without having to pay expenses for real estate, employee staffing, security, insurance, maintenance, and utilities, customers of online banks benefit from higher savings rates and lower (and fewer) fees.
Yes, you can open and have multiple savings accounts, even at the same bank. This is particularly useful if you want to divide your savings for specific purposes or financial goals.
Under federal law, you cannot make more than six (6) withdrawals or transfer out of your savings account per month. Banks may charge an excess withdrawal fee after the sixth withdrawal or transfer per month. Additionally, if you make excess withdrawals on a regular basis (ultimately determined by the bank), the bank may choose to close your account or convert the account into a checking account. Note: Some banks charge a withdrawal fee before the 7th withdrawal. For example, the bank might charge such a fee upon the 5th withdrawal.
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