Best High-Yield Savings Accounts 2026: Rates Up to 4.70% APY

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A high-yield savings account (HYSA) pays you much more than a regular savings account. Right now, top rates are around 4.50% to 5.00% APY. The national average is only about 0.46% APY. That gap adds up fast.

In this guide, we cover the best high-yield savings accounts of 2026. We compare rates, minimums, and what makes each one stand out.

Best High-Yield Savings Accounts of 2026

1. Marcus by Goldman Sachs — 4.50% APY

Marcus has one of the most consistent rates in the market. There is no minimum deposit. There are no monthly fees. It is a simple, clean online savings account. Customer service is good. The app is easy to use.

2. SoFi High-Yield Savings — up to 4.60% APY

SoFi pays the highest rate when you set up direct deposit. Without it, the rate drops. Still, if you get paid through SoFi, this is a top pick. SoFi also offers checking, investing, and loans all in one app.

3. Ally Bank — 4.35% APY

Ally is one of the oldest and most trusted online banks. There is no minimum balance. No monthly fees. Ally also offers CDs, checking, and money market accounts. Great for people who want all their banking in one place.

4. Discover Online Savings — 4.25% APY

Discover pays a solid rate with zero fees. No minimum to open. Discover is also known for great customer service. If you already have a Discover credit card, linking accounts is seamless.

5. CIT Bank Platinum Savings — 4.70% APY

CIT Bank pays the highest rate on this list, but only if you keep $5,000 or more in the account. Below that balance, the rate drops to 0.25%. This account is best for people with larger balances.

6. UFB Direct — 4.55% APY

UFB Direct has no minimum balance and no monthly fee. It often beats Ally and Marcus on rate. The app is decent. UFB is a division of Axos Bank, which is FDIC insured.

Quick Rate Comparison

Rates as of May 2026. Rates change frequently. Check with each institution for current APY before opening an account.

What Is FDIC Insurance?

All of the banks above are FDIC insured. That means your money is protected up to $250,000 per person, per bank. If the bank fails, the government gives you your money back. You do not need to do anything special to get this protection.

How to Choose the Right HYSA

Here is a simple way to pick:

• If you have less than $5,000 — go with Marcus, Ally, or UFB Direct. No minimums. Great rates.
• If you have $5,000 or more — CIT Bank Platinum pays the most.
• If you want everything in one app — SoFi or Ally.
• If you value customer service — Discover or Ally.

Is a High-Yield Savings Account Right for You?

A HYSA is perfect for your emergency fund. Most experts say you should have 3 to 6 months of expenses saved. A HYSA keeps that money safe and earning interest. Use our emergency fund calculator to find your target amount.

If you want even higher rates and do not need access to your money for a while, look at money market accounts or CDs. If you are new to high-yield savings, check out our guide on the best HYSA for beginners.

Use the AskMyFinance tool above to get a personalized recommendation based on your balance and goals.