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Savings and Money Market Accounts
Find a safe place for your savings in light of stock market volatility
Last Updated: June 2025
All members are insured by FDIC or NCUA
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Looking for a flexible, low-risk way to grow your savings? A High-Yield Savings Account (HYSA) offers significantly higher interest rates than a regular savings account—with no long-term commitment. Plus, your money stays accessible whenever you need it.

To make your search easier, our editors selected top HYSA offers from trusted partners.

Compare rates, features, and minimums below to find your best fit!

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Advertiser Disclosure
ADVERTISER DISCLOSURE
Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield).Rates / Annual Percentage Yield terms are current as of the date indicated. Rates are subject to change without notice and may not be the same at all branches. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you.

What To Know

Annual Percentage Yield (APY)

This is the total interest you’ll earn on your money in one year, including compound interest. The higher the APY, the more your savings grow!

Monthly Fee

This is a fee some banks charge just to keep your account open. Many top high-yield accounts have no monthly fees.

Minimum to Earn APY

This is the minimum balance you need in your account to earn the advertised interest rate. If your balance dips below this amount, your interest rate could drop too.

Key Benefits

High Earning Potential

HYSAs offer much higher rates than traditional savings accounts, so your money grows faster.

Easy Access to Funds

Unlike CDs, your money isn’t locked in. You can deposit or withdraw anytime without penalties, making it ideal for both short- and long-term goals.

Safe and Secure

Most HYSAs are FDIC-insured up to $250,000 per depositor, per bank, keeping your savings protected.

Just a Few More Things

Rates Can Change

HYSAs often have variable interest rates, meaning your APY can go up or down depending on market conditions. You should always keep an eye on your rate.

Transaction Limits

Some accounts may limit how many withdrawals or transfers you can make per month, but this isn’t always the case.

Online-Only Options

Many competitive HYSA rates are offered by online-only banks. If you go this route, make sure you’re comfortable managing your account digitally.

Didn’t find what you’re looking for?
There are other account types that may be a better fit for your financial goals
CDHead-vector
Saving for the long haul? Consider an Annuity.

An Annuity is an ideal product type for those looking for a safe, long-term plan – particularly for retirement. Keep in mind they come with penalties for early withdrawal, but they can offer guaranteed income with tax-deferred growth and a variety of options like fixed, indexed, or deferred. Who doesn’t want a steady stream of income? Typically, Annuities are most ideal for those 55 and older.

SEE ALL ANNUITY OFFERS
CheckingHead-vector
A Cash Management Account could also be a good choice

A Cash Management Account is the solution for individuals looking for an efficient way to manage all their finances in one place. CMAs combine checking, savings and investing into one product. You also get the convenience of accessing your funds with check-writing, debit card access and flexible transactions. You save time by only having one banking platform.

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FAQ’S

What Is a High-Yield Savings Account?
A High-Yield Savings Account (HYSA) is a type of savings account that offers a significantly higher interest rate compared to traditional savings accounts. The main advantage of a HYSA is the ability to earn more interest on your deposits, helping your savings grow faster over time. These accounts are typically offered by online banks, which have lower overhead costs than brick-and-mortar institutions, allowing them to pass the savings on to customers in the form of higher rates.
How Do Online High-Yield Savings Accounts Work?
Online HYSAs work similarly to traditional savings accounts, with the key difference being that they are managed entirely online. You can deposit and withdraw funds, check your balance, and transfer money using your bank’s website or mobile app. Interest is usually compounded daily or monthly and added to your balance regularly. Because online banks save on operating costs, they can offer higher interest rates to customers.
Are Online High-Yield Savings Accounts Safe?
Yes, online HYSAs are safe, as long as they are offered by FDIC-insured banks or NCUA-insured credit unions. The Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) insure deposits up to $250,000 per depositor, per bank or credit union, in case of bank failure. Always ensure that the bank offering the HYSA is FDIC or NCUA insured before opening an account.
What Are the Advantages of an Online High-Yield Savings Account?
  • Higher Interest Rates: The primary benefit is the higher interest rate, which helps your savings grow more quickly.
  • Easy Access: You can access your funds at any time via online banking or a mobile app.
  • Low Fees: Many online HYSAs have minimal or no monthly fees, and some even offer free ATM access.
  • FDIC/NCUA Insurance: Your deposits are insured up to $250,000, providing peace of mind.
What Are the Disadvantages of an Online High-Yield Savings Account?
  • Limited Physical Access: Because these accounts are online-only, you may not have access to in-person banking services.
  • Transfer Delays: Transferring money to and from your online HYSA can take a few business days.
  • Variable Interest Rates: The interest rates on HYSAs can change, which means your account’s yield may decrease over time.
How Do I Open an Online High-Yield Savings Account?
Opening an online HYSA is straightforward. First, research and compare different accounts to find one that offers a competitive interest rate, low fees, and features that suit your needs. Once you’ve selected an account, you’ll need to provide personal information, such as your name, address, Social Security number, and a valid form of ID. Most banks allow you to fund your new account via an electronic transfer from an existing bank account.
Can I Lose Money in a High-Yield Savings Account?
HYSAs are considered very low risk. As long as your account is with an FDIC or NCUA-insured institution, your deposits up to $250,000 are protected. However, if the interest rate falls below the inflation rate, your money might lose purchasing power over time, even though the nominal balance doesn’t decrease.
How Often Do Interest Rates Change on High-Yield Savings Accounts?
Interest rates on HYSAs can change frequently, often in response to shifts in the Federal Reserve’s interest rate policies. Banks can adjust rates at their discretion, so it’s wise to monitor your account’s rate and periodically compare it with other available options.
Are There Minimum Balance Requirements?
Many online HYSAs do not have minimum balance requirements, making them accessible to all savers. However, some may require a minimum deposit to open the account or maintain a certain balance to avoid fees. Be sure to check the specific terms of the account you’re considering.