Best high yield savings account on Reddit
501 reviews from r/Bogleheads, r/personalfinance, r/Banking and 26 more subreddits
501 reviews from
and
By Brand
/By Product
#1
Wealthfront
4.6
(75)
"Customer service is fantastic as well."
"WEALTHFRONT! Here is a code for 5% more APY."
"WEALTHFRONT! Here is a code for 5% more APY."
"By far Wealthfront! Their app is so easy to use and you earn 4.75% with a referral!"
"Here's an affiliate code for 4.75% APY."
"As of 12/9, is 4.75% through Wealthfront the best anyone is getting that is FDIC?"
"It’s weird Wealthfront has effectively given me 8.8% returns the past 6 months."
"I use Wealthfront. I also went thru the Sofi vs Wealthfront debate and ended up going Wealthfront for the interest rate."
"Wealthfront"
"Wealthfront 5%."
#2
Marcus
4.5
(75)
"I've been using Marcus by Goldman Sachs for 5 years now and I'm really liking it! It has a high APY (5%)."
"I have been a marcus customer for the last 5 years. No issues and great customer service."
"Earn ~4.9% APY total."
"It's Goldman Sachs, can't go wrong with this choice."
"Here is my referral link for Marcus."
"Its pretty straightforward you earn interest at the first day of the month."
"Never had an issue with it and the yields are great."
"I’m inviting you to receive a cash bonus when you open a Marcus high-yield Online Savings Account."
"I've been using Marcus and loving it. Still have 5 spots left!"
"Here's my Marcus referral link for a 1% boost to 5.4%."
#3
Ally
4.2
(40)
"The 3 best for ease of use, nice app & website, wide ATM access."
"I’ve been very happy with Ally’s HYSA for the last 5 years."
"Ally let me wire 90k no problem."
"I use Ally and I love it."
"Ally just announced their savings account is going to 3.00% starting tomorrow."
"Ally hands down."
"Ally just raised rates again, over 2% now."
"I have Ally for all my banking needs. They have the high yield savings account as mentioned above."
"I’ve been happy with Ally."
"Check out online banks like Ally, Marcus, or Discover, which offer 3%+ APY."
#4
Capital One
3.8
(36)
"I think capital one hys is up to 5.5% and the rate increases the longer you have the account."
"Interest rates around 4-5% APY are competitive, and banks like Capital One or Ally typically offer those."
"Capital One offers a 3.80% APY as of now, with no minimums and no monthly fees."
"I’d recommend capital one bank, AMEX bank, discover bank."
"Capital One and Ally Bank HYSAs both offer around 4.00% APY, they don't have minimum balances or monthly fees."
"Popular HYSAs like Capital One, Marcus, and Discover usually don’t have fees or minimum balance requirements."
"Look for HYSAs with rates around 4-5% APY."
"Capital One is what I use. It is only 4.25% but I have no issues with it."
"Currently have mine in CapitalOne 360 Performance at 4.35%."
"Just moved to Cap1 since the rest of my money is there."
#5
SoFi
4.0
(29)
"Recently got one with SoFi and love it! No fees or minimums. Easy to use and good support."
"I have heard great things over the last year."
"I still like Sofi tho. I like the all point ATMs tho and vaults."
"I just opened a SoFi account."
"SoFi is pretty good and highly rated"
"Just do sofi or capitalone"
"Offers 4.60%."
"I use SoFi they have 4.6% and if you use my link you get a $300 bonus for signing up and depositing money!"
"They have 4.6% and if you use my link you get a $300 bonus for signing up."
"Has straight up 4% interest with no weird special requirements."
#6
Discover
3.9
(20)
"About 4.25% interest."
"Discover has been good to me. I set up automatic cash back to go into savings."
"You can definitely open an HYSA. We tend to recommend Discover."
"I have discover and Amex, I like them both."
"Discover 4.21%."
"Discover usually has a higher APR sooner than amex."
"Discover bank has been good for me. They have about 4.35% APY right now."
"I like my discover, no minimum at 4.35%."
"Discover."
"I use DiscoverBank for my HYSA need."
#7
High Yield Savings Account
3.9
(19)
"Check doctor of credit for list."
"Has a high yield savings account at over 4%."
"It started at 5%."
"Is at 4% right now."
"Is at 4.00%."
"@ 4.35%."
"Has 4.25%."
"Is the answer."
"I liked the high return rate and ease of use."
"Which is 4.35%."
#8
Ally Bank
4.0
(15)
"They’ve got solid high-yield savings without direct deposit requirements."
"Easy website, easy set up, including joint account and beneficiaries."
"Ally bank is usually a solid pick."
"They currently have a pretty good APY of 3.85% in their savings account."
"I use ally bank."
"Ally Bank has a 0.46% APY, which is quite competitive."
"Now I’m using Ally Bank."
"Probably not the highest rate but it’s fine for me."
"I've had great experiences with both Ally and LendingClub."
"I've heard about Ally"
#9
Marcus by Goldman Sachs
4.3
(13)
"I definitely recommend Marcus by Goldman Sachs. No hidden fees."
"The experience has been great so far the app is easy to navigate."
"Marcus by Goldman Sachs has been excellent for me in maintaining liquid and secure funds."
"I use Marcus by Goldman Sachs and get 5.5%."
"Marcus by Goldman Sachs gets 5.4% if someone refers you."
"Marcus by Goldman Sachs is offering 4% APR for 3 months."
"Their current rate is 3.9% APY plus a 0.25% cash bonus."
"I've had a great experience with Marcus by Goldman Sachs for years now."
"I’m using Marcus by Goldman Sachs. Their customer service is really good."
"I’m using Marcus by Goldman Sachs, 3.9 APY + 0.25% cash bonus."
#10
CIT Bank
4.5
(10)
"Super easy to open an account and APY is 4.25 -4.5, no issue with transferring money."
"CIT Bank - 5.05%. 10 min to open an account online."
"CIT bank pays about 5% after the first $5k. Been using them for about 2 years with 0 issue."
"If you want to get 0.70% higher (5.05%) APY on your deposit, then I recommend CIT Bank Platinum savings."
"CIT Bank (Platinum Savings) | 5.05%."
"CIT Bank"
"MBD is a little slow on transfers but is at 5%."
"I used CIT, but I switched to just putting money in USFR on etrade account."
"CIT Bank 5.05APY with $5k min."
#11
American Express
4.0
(10)
"I recommend American Express Savings Bank. The web site is well-designed and reliable, and their digital communication is unmatched."
"AMEX is fine."
"I use American Express. I trust the name and it lets me sleep at night."
"I use an AMEX HYSA. Currently at 3.0%."
"I've used both Amex and Wealthfront's High Yield Cash account and both are good products."
"American Express has done me well. Sitting at 3% right now."
"American Express is currently paying 3%. Not the best rate out there, by they have excellent customer service."
"I've been satisfied with AMEX high yield savings."
"I would recommend American Express high yield savings. Quick transfers and overall solid."
"American Express is currently paying 3%."
#12
Fidelity
4.1
(8)
"You can do better than most HYSA with a Fidelity Cash Management account, buy SPRXX, 4.34% (or FDLXX 4%) with no fees, no wire fees, no NSF fees, no ATM fees, fully liquid and no games."
"Currently getting 4.96%."
"Use fidelity. You’ll get money market returns along with bill pay, check writing, and other features."
"Just use Fidelity for everything."
"Most people like Fidelity with its core position."
"Fidelity and Vanguard both have money market funds that currently yield 4.5%."
"I'm using the Money Market at Fidelity, I think it's 4.5 or 4.6% right now."
"My brokerage cash fund is making good money these days - over 3."
#13
Vanguard
4.7
(7)
"VUSXX currently has a yield around 4.85%."
"Open a brokerage at Vanguard."
"Using a money market fund at a brokerage is also an excellent option. For example, Vanguard's default settlement fund, VMFXX, is currently at 5.18%."
"Why not use vanguards mmkt acct? 5+% currently."
"I find that the VUSXX fund in a Vanguard is the best HYSA possible!"
"Vanguards money markets are paying as high as 3.64 (7 day yield) and will move higher if rates rise."
"Vanguards money markets are paying as high as 3.64 (7 day yield) and will move higher if rates rise."
#14
Bask Bank
3.9
(8)
"Bask bank is consistently raising their rates, currently 5.10% APY."
"I’m using Bask Bank. 3.85% apy"
"Bask Bank is higher than most."
"Current savings APY is 3.60%."
"My Bask is at 2.75 right now."
"They are currently at 1.61%."
"I'm using Bask Bank for my Emergency Fund. Money just sits there."
#15
UFB
4.5
(6)
"5.25% can go up to 5.40%."
"UBF Direct is offering a 5.25% APY as of 02/11/2024."
"UFB Direct savings currently at 5.25%."
"Currently 4.85%. Just went down from 5.15%."
"So far so good."
"UFB Direct offers 5.25% APY but they have withdrawal limits."
#16
M1
4.6
(5)
"M1 is launching a 4.5% savings account at the start of 2023."
"M1 is coming out with a savings account with 4.5% apr."
"M1 just announced a 4.5% HYSA"
"M1 offers High-Yield Cash Accounts! These brokerage accounts earn 5.00% APY."
"I would recommend M1 finance."
#17
Wealthsimple
4.2
(5)
"I use WS Cash @ 4.5% for my emergency fund."
"Starts at 2.75% if you don’t need a tax sheltered account"
"I am loving Wealthsimple right now, once I'm done with my CIBC welcome bonus promo I'm switching over my TFSA to Wealthsimple too to get the higher interest rate."
"Best everyday rate would be wealthsimple at 4% or motive financial at 4.1%."
"Wealthsimple for 4%."
#18
LendingClub
4.2
(5)
"Offers a 5% APY and has no monthly fees."
"5.30% APY"
"I use Lending Club. 4.65 HYSA, 5.55 CD's right now."
"LendingClub has a HYSA with a yield of 4.0%."
"Lending club is doing 3.25."
#19
Jenius Bank
4.5
(4)
"5.25 and very easy to work with."
"Jenius Bank, which is giving 5.25% interest as of 2/14/2024."
"4.5%."
#20
Digital Credit Union
4.5
(4)
"6.17% at Digital Credit Union. $1,000 limit."
"If you're willing to have lots of little accounts, DCU gives you 6% on your first $1000."
"6.17% at Digital Credit Union."
"Does anyone have thoughts on Digital Credit Union?"
#21
Vio Bank
4.0
(4)
"Vio bank holding at 4.90% it’s great just very bare bones."
"VioBank - 5.30%."
"Vio Bank for my emergency fund, their cornerstone money market account is currently giving 3.52%."
"Vio bank."
#22
Tangerine
5.0
(3)
"Tangerine is offering 6% until April."
"Tangerine offered me 6% on new deposits."
"Tangerine is 5% now."
#23
UFB Direct
4.7
(3)
"UFB direct had them when rate was 4.81 now it’s 5.06 and all I had to do was message them for them to increase my rate"
"UFB Direct has been great so far. Easily connected to my bank and transferred money in. 5.02% HYSA."
"UPF is close to 4%."
#24
VioBank
4.3
(3)
"5.30%."
"Viobank. 3.52% savings account"
"Vio Bank has consistently offered a top 5 APY for last couple years. Currently 3.52%."
#25
Goldman Sachs
4.0
(3)
"Marcus by Goldman is great! They have competitive rates, FDIC I insured, easy to move money and their app works great."
"Marcus is good. I think highest yield right now is the capital one savings account tho."
"They're all *pretty much the same*... Capital One 360, Discover, Marcus, Ally are the common ones."
#26
PayPal
4.0
(3)
"Is pretty good."
"PayPal savings at 3.25%"
"Check out paypal savings, currently at 2.25%."
#27
Live Oak Bank
4.0
(3)
"It’s free and has competitive interest rates."
"Started using them this year for my business savings account."
"Live Oak Bank. Started using them this year for my business savings account."
#28
Robinhood
4.0
(3)
"Pays 5% with $2.5 million in FDIC insurance."
"Open a Robinhood account and sign up for Robinhood gold and just leave your money in the brokerage account. They currently pay 5%."
"Robinhood is offering 3.75% for gold members ($5 per month)."
#29
Synchrony
4.0
(3)
"Synchrony bank has a HYSA also that’s great"
"Synchrony is at 2.25%. They've been no problem and tend to have one of the higher yields."
#30
Betterment
4.0
(3)
"I happily use betterment, no issues ever and 4.0% at the moment."
"I use Betterment, currrntly 3.2%."
#31
Raisin
4.0
(3)
"Raisin has HYSAs at 4.5%+ APY."
"Raisin has HYSAs at 4.5%+ APY and up to $200 cash bonus."
"Raisin has a few banks you can deposit into with 4.5%+ APYs."
#32
Bread
4.0
(3)
"Rate was just lowered to 4.95 apy but account is easy to open."
"5.15%."
"My HYSA money is currently in Bread Savings, as it's at 3.44%."
#33
Citi
3.0
(4)
"I dump it over into a Citi bank HYSA that’s currently at 3.40%."
"Citi accelerate savings is 3.1+ right now."
"Citi’s website is a disaster."
"Citi’s website is a disaster, and their transfer limits are low."
#34
Axos
5.0
(2)
"Axos seemed like the best option."
"Super happy with them so far."
#35
Motive Financial
5.0
(2)
"Motive 4.1% (this is a non-promo rate)."
"For legitimate high interest savings accounts with no promos and no minimum, Motive Financial. They offer 4.1%."
#36
US Treasury
5.0
(2)
"I put my savings into government T-Bills. Average is 5% and it's practically an unlimited amount."
"US Treasury bills online are easy 3.71%. Ultra-safe."
#37
Simplii
5.0
(2)
"Simplii gave me a promo rate from Sep to Jan for 5.75."
"Simplii 6% promo, then hopefully switch to tangerine once they offer another promo."
#38
My Banking Direct
4.5
(2)
"Right now, My Banking Direct has 5.45% APY with a $1,000 minimum deposit."
"There are some with around 4-5.50% APY, which is pretty decent."
#39
FCM Bank
4.5
(2)
"Try FCM BANK. 3.58% on 50k and up. Money are secured up to 100k"
"FCM bank offers 2.58% p.a, that is the best savings account in Malta."
#40
Upgrade
4.5
(2)
"Upgrade is currently at 5.21%! I signed up awhile back with a referral link."
"I recently switched over to a HYSA with the fintech, Upgrade."
#41
Doctor of Credit
4.5
(2)
"I always use Doctor of Credit to review current choices."
"Doctor of Credit has a pretty good up to date list of high yield savings accounts."
#42
Amex
4.5
(2)
"I love my Amex HYSA. No minimum, easy to use app and I have a CC with them so its all in one app for me"
"I do recommend putting some of it on a Certificate of Deposit."
#43
Juno
4.5
(2)
"Juno basic account earns 5% up to 5000"
"Why is no one talking about Juno?"
#44
Apple
4.5
(2)
"Apple 1000%. 4.5%. And can easily move it out if you’re in the Apple ecosystem."
"Apple savings 4.50% wealthfront 5.00%."
#45
EverBank
4.0
(2)
"EverBank 4.10% or Barclays 4.35% is what I have."
"EverBank or Bask Bank"
#46
Synchrony Bank
4.0
(2)
"I also like it."
"I'm getting 4%. It used to be 5%."
#47
Alliant Credit Union
4.0
(2)
"Alliant credit union has a sign up bonus that may be reachable for you."
"Really love Alliant Credit Union if you haven’t looked into them."
#48
NYCB
4.0
(2)
"My NYCB High Yield account just increased to 4.05%."
"Using NYCB. 3.55% APY."
#49
E*Trade
4.0
(2)
"E*Trade HYSA is 3.25% (FDIC insured)"
#50
Sallie Mae
4.0
(2)
"I started a Sallie Mae account for my son that gets 4.64%."
"I currently have a Sallie Mae Money Market account that is advertising 3.2 APY."
#51
CIT
4.0
(2)
"I personally use CIT (under the 250k for fdic backing) High 4 low 5 % over $25k."
"CIT offers the highest rate on my list at over 5%."
#52
Enzo
4.0
(2)
"Enzo - 3.57%, FDIC insured and no strings."
"1.49%, increasing to 2.15% on August at Enzo."
#53
RBC
4.0
(2)
"I just deposited cash into an RBC account giving 4% as long as I left it for 30 days."
"I think rbf2010 through RBC Di is paying 4.5% now."
#54
Barclays
4.0
(2)
"I’m a fan of Barclays plus they have their bonus offer happening right now."
"No one mentioned Barclays online savings. Currently paying 3% APY."
#55
Izola
3.5
(2)
"Izola has a 3% interest rate for there savigns account."
"Izola has a high yield savings account paying 2.7% p.a."
#56
OpenBank
3.0
(2)
"Both pay 5% interest (APY) and have relatively good service."
"Their 5.25 APY is appealing, but if you're on Android their mobile app is useless."
#57
Foyer
5.0
(1)
"They are a first time homebuyers savings account with tax credits, high APY."
#58
Moneybase
5.0
(1)
"The best at the moment is Moeny Market Funds by Moneybase. Great platform to invest and regulated by the MFSA"
#59
Credit Karma
5.0
(1)
"Credit karma for me right now is 5.10."
#60
Marcus Online Savings Account
5.0
(1)
"For anyone that would like a referral to Wealthfront."
#61
NatWest
5.0
(1)
"NatWest are offering 6% on a regular savers account up to £5K."
#62
BMT104
5.0
(1)
"I use BMT104. Currently pays 4.75%."
#63
DYN6004
5.0
(1)
"DYN6004 is at 5% just need a scotiaitrade account."
#64
Varo
5.0
(1)
"I use Varo bank at 5% APY up to $5k."
#65
HEB
5.0
(1)
"HEB debit card attached savings account pays 6%."
#66
Webull
4.0
(1)
"I’m in a Webull 4.25+3% bonus hysa right now for 6 mos."
#67
Alliant
4.0
(1)
"I've been using Alliant for years and have been happy."
#68
C1
4.0
(1)
"I think my C1 HYSA is at 4.3% now and I like that one."
#69
E-Trade
4.0
(1)
"E-trade HYSA, Marcus, Capital One 360. Have experience with all those, and they all work fine and have good rates."
#70
Revolut
4.0
(1)
"I use a revolut flexible savings account. 3.10% APY and can withdraw, or change currency whenever :))"
#71
TradeRepublic
4.0
(1)
"TradeRepublic gives 4% up to 50k."
#72
Bank of Burlington
4.0
(1)
"Check out the rates just for a normal checking account with no debit/deposit requirements."
#73
Liberty Federal Credit Union
4.0
(1)
"Liberty Federal Credit Union, 3.45% up to $20k in a high yield “checking” account."
#74
Bread Financial
4.0
(1)
"Their HYSA rate is 4.4% now."
#75
Pibank
4.0
(1)
"However, the ones with around 5.5% APY are sometimes promotional."
#76
Lending Club
4.0
(1)
"Lending club 5% APY."
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