Last updated: October 9, 2026 · Fact checked ✓
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Savings rates are variable and change often — the APYs below are as of early October 2026. The national average is still under 0.5%, so any account here earns roughly 6–8x more than a typical branch bank.
1. EverBank Performance℠ Savings — 4.8/5
Best for: Highest straightforward APY
- APY: 4.20%
- Minimum to earn APY: $0
- Monthly fee: $0
Pros
- Top rate with no hoops
- No minimum balance
- No monthly fee
Cons
- Fewer banking products than big online banks
- App is basic
2. Marcus by Goldman Sachs — 4.8/5
Best for: Beginners
- APY: 3.50%
- Minimum to earn APY: $0
- Monthly fee: $0
Pros
- Simple, clean experience
- Goldman Sachs backing
- No minimums or fees
Cons
- No checking account to pair it with
- No ATM access
3. SoFi Checking and Savings — 4.7/5
Best for: All-in-one banking
- APY: Up to 3.30% on savings (up to 4.20% with limited-time boost — check current); 0.50% on checking
- Requirement for top rate: Eligible direct deposit or $5,000+ in qualifying deposits per 31 days
- Monthly fee: $0
- Bonus: $50–$400 with qualifying activities (check current)
Pros
- Checking + savings in one app
- Extra perks (career coaching, discounts)
- Big sign-up bonuses
Cons
- Top rate requires direct deposit
- Without it, savings drops to 1.00%
4. Ally Bank Savings — 4.7/5
Best for: Customer service
- APY: 3.10%
- Minimum to earn APY: $0
- Monthly fee: $0
Pros
- 24/7 customer service, highly rated
- Savings buckets for goals
- No minimums or fees
Cons
- Rate trails the leaders
- No physical branches (one partner ATM network)
5. Synchrony Bank High Yield Savings — 4.6/5
Best for: Solid rate, no gimmicks
- APY: 3.55%
- Minimum to earn APY: $0
- Monthly fee: $0
Pros
- Above-average rate with zero requirements
- No fees
- ATM card available
Cons
- Less-known brand
- App is just okay
6. Capital One 360 Performance Savings — 4.5/5
Best for: In-person banking access
- APY: 3.10%
- Minimum to earn APY: $0
- Monthly fee: $0
Pros
- Capital One Cafés and branches exist
- Easy if you already use Capital One cards
- No fees or minimums
Cons
- Rate is middle of the pack
- Nothing special beyond the branch access
How we picked these
We compared APYs, minimum balance requirements, monthly fees, and ease of use across the most popular online savings accounts. Rates are variable and were last verified in early October 2026 — always check the bank's site for the current APY.