Rates verified May 2026 · Updated weekly
The best savings rates, tracked weekly.
The national average savings rate is 0.45% APY. The best accounts pay 5.00%. On $50,000, that gap is $2,275 per year. We track these every Monday so you do not have to.
No bank pays for placement. Rankings are based on APY, fees, and FDIC coverage only.
Best Savings Rates Right Now
Rates verified May 2026. Check provider sites before opening an account.
| Account | APY | Min. Deposit | FDIC |
|---|---|---|---|
| Top PickWealthfront Cash Account | 5.00% | $1 | Yes (via partner banks) |
| Marcus by Goldman Sachs | 4.90% | $0 | Yes |
| Ally Bank HYSA | 4.25% | $0 | Yes |
| Capital One 360 Performance | 4.25% | $0 | Yes |
| SoFi Checking + Savings | 4.60% | $0 | Yes |
APY = Annual Percentage Yield. Rates subject to change. This is not financial advice.
Why the Rate You Pick Matters More Than You Think
$2,275
Extra per year on $50K
The difference between 0.45% APY (national average) and 5.00% APY on $50,000. That is $2,275 your bank keeps if you do not switch.
$0
To open most top accounts
All top-five HYSAs on this list have no minimum deposit and no monthly fees. The barrier to switching is a 10-minute application.
$250K
FDIC coverage per depositor
Every account on this list is FDIC insured. Your money is just as safe at 5.00% APY as it is at 0.45% APY.
Find the Right Account for Your Situation
Best HYSA
No lock-in. Full liquidity. Highest APY today.
Best CD Rates
Lock your rate for 6 to 60 months. Best for cash you will not need soon.
Best Money Market Accounts
Checking features plus savings-rate yields. One account for both.
HYSA vs CD
Which earns more? Depends on how long you can wait. We break it down.
What Is APY?
Annual Percentage Yield explained plainly. One number that tells you everything.
Marcus vs Wealthfront
Two top-rated accounts. Different strengths. Here is which one wins for your goal.
Common Questions
What is a high yield savings account?
A high yield savings account (HYSA) pays a higher APY than a standard savings account. Most online HYSAs pay 10 to 15 times the national average of 0.45% APY. Your money stays liquid and FDIC insured up to $250,000.
Is my money safe in a high yield savings account?
Yes, if the account is at an FDIC-insured bank or NCUA-insured credit union. Coverage is $250,000 per depositor, per institution. All accounts on this page are FDIC insured.
How often do HYSA rates change?
Rates change when the Federal Reserve adjusts the federal funds rate, or when banks compete for deposits. In 2023 and 2024, rates changed frequently. We check rates every Monday and update this page.