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Some of the products featured on this site are from our partners who compensate us. This may influence which products we write about and where they appear on the site. However, this does not influence our evaluations. Our opinions are our own.
Savings Accounts
Compare high-yield savings accounts to grow your money faster.
Comparisons & Reviews
Top Savings Accounts Products
⭐ Best Overall
#1
Marcus by Goldman Sachs
4.7
High-yield online savings account with no fees and no minimum deposit.
APY
4.40%
Min. Deposit
$0
Monthly Fee
$0
FDIC Insured
Yes
Pros
- ✓Competitive 4.40% APY
- ✓No fees whatsoever
- ✓Backed by Goldman Sachs
Cons
- ✗No checking account option
- ✗No branch access
- ✗Limited to 6 withdrawals/month
#2
Ally Bank Online Savings
4.6
Full-featured online bank with competitive savings rates and excellent tools.
APY
4.20%
Min. Deposit
$0
Monthly Fee
$0
FDIC Insured
Yes
Pros
- ✓Buckets feature helps organize savings goals
- ✓No minimum balance or monthly fees
- ✓Excellent mobile app
Cons
- ✗APY slightly below top competitors
- ✗No cash deposits
- ✗No physical branches
#3
SoFi Checking & Savings
4.5
Combined checking and savings with a top-tier APY for direct deposit members.
APY
4.50% (with DD)
Min. Deposit
$0
Monthly Fee
$0
FDIC Insured
Up to $2M
Pros
- ✓4.50% APY with qualifying direct deposit
- ✓FDIC insured up to $2M through partner banks
- ✓Fee-free ATM access at 55,000+ locations
Cons
- ✗Top APY requires direct deposit
- ✗Newer bank with less track record
- ✗Limited branch access