High Yield Savings Accounts reviews from Reddit
Summary
We analyzed 217 Reddit reviews across 20 subreddits and 35 posts to rank the best High Yield Savings Accounts brands recommended by redditors, including communities like r/HighYieldSavings, r/DaveRamsey, r/CreditCards, r/Banking, r/personalfinance. Top-rated brands include Wealthfront (4.7/5), Marcus by Goldman Sachs (4.4/5), Ally (4.2/5).
Stats
Reviews217
Subreddits20
Posts35
Brands66
Products20
217 reviews from
and
By Brand
/By Product
#1
Wealthfront
4.7
(33)
"I've been using Wealthfront for 6 years now (both their HYSA/cash account and a robo-managed investment account) and have no complaints and many compliments."
"Go with Marcus by Goldman Sachs or Wealthfront. They offer good APYs, are FDIC insured and have no hidden fees."
"Wealthfront has a cash account with 4.00% HYSA and if you use the referral code you get an extra .50%. Total of 4.50%. I have been using them for over 5 years now."
"Wealthfront 100%"
"I second Wealthfront. I just opened mine a few weeks ago after going through the same digging around you are doing now."
"I use Wealthfront and am very happy. A 4% interest rate and connects seamlessly to all my external accounts."
"I’ve been using Wealthfront’s Cash Account for a while now—base APY is 4.0% (pretty great already), but with a referral link you and I both get a 0.5% boost for 3 months, bumping it up to 4.5% APY."
"Use this link to open a Wealthfront Cash Account. Once you fund it, you’ll get a 0.50% APY boost!"
"Here's a referral link for Wealthfront's Cash Account that will get you a 0.5% boost, totaling it to 4.5%"
"Wealthfront comes highly recommended. I’ve had an account with them about seven months now… No complaints, happy with it. 4.5% when opening and funding an account with them using a referral."
#2
Marcus by Goldman Sachs
4.4
(19)
"Go with Marcus by Goldman Sachs or Wealthfront. They offer good APYs, are FDIC insured and have no hidden fees."
"Happy with Marcus. Haven't used app, only online. Zero issues transferring in-out to external accounts."
"Hey I chose Marcus by Goldman Sachs recently mostly bc of the good rate and easy to use app. Plus it’s FDIC approved and apparently you even get a 0.25% increase if you sign up using my referral code."
"Use Marcus as well. Currently 3.75% with a 0.25% bonus for 3 months. Have used for about 3 years now and super easy."
"Use Marcus as well. Currently 3.75% with a 0.25% bonus for 3 months. Have used for about 3 years now and super easy."
"Super competitive APY, no fees or minimums, fdic insured."
"Highly recommend Marcus backed by Goldman Sachs and FDIC insured, competitive rates, easy money transfers/withdrawals."
"I have a Marcus HYSA and it’s been excellent. The app is efficient, user friendly and transferring money is a breeze."
"Marcus/Goldman Sachs customer for almost 3 years now. No complaints. Transferring is quick."
"For high-yield savings and CDs, check out Marcus by Goldman Sachs"
#3
Ally
4.2
(19)
"Ally for over a decade."
"I’ve been an Ally customer for 12 years or so and have had 0 issues."
"I have been using Ally for years and have had no issues with them."
"Ally, Discover, and Alliant are probably the most popular as HYSA."
"Ally has a decent HYSA."
"I’ve used Ally and SoFi with no issues. Just yesterday transferred money to my local bank that’s available within less than 24hrs."
"I use Ally and Betterment. Ally usually has competitive CD rates as well."
"Ally and Discover are two options for you to consider."
"I love Ally and their “buckets” have really helped me meet my goals!"
"Ally, Marcus, or Discover are commonly recommended"
#4
American Express
4.2
(12)
"I just set up HYSA with American Express. It was extremely easy. No minimums."
"The best ones right now are around 4.35% APY (AMEX)"
"I have a HYSA with American Express with the same rate and no fees at all."
"A few good ones I can recommend are AmEx, Capital One, Discover, and Marcus."
"The two that I can recommend are Capital One and AmEx."
"American Express is a great match for what you’re looking for."
"I'm looking into Am Express, after many reviews."
"I really like Amex...it's not the highest rate, but 99% of my monthly spend is on my Amex credit card."
"American Express is currently 4.35%."
"Amex, 4.6%. Nice and reliable."
#5
Marcus
4.5
(11)
"I use Marcus. Never had an issue with it and the yields are great."
"I think the Marcus (Goldman Sachs) high yield savings account is the best after trying a few other high yield savings accounts."
"I've been using Marcus and loving it."
"Marcus by Goldman Sachs has been good to me."
"Marcus is offer an extra 1% referral bonus."
"The ones I recommend are Capital One and Marcus."
"I like Marcus! It’s easy to use and has a competitive interest rate."
"You can earn a promotional rate increase on top of an already competitive rate."
"I have Marcus by Goldman Sachs, it has same day transfer."
"Currently with Marcus since their APY was a bit higher when I was with Discover."
#6
SoFi
4.4
(11)
"SoFi has been great to me. Taken advantage of bonuses they give. App is so easy to use. You’ll earn up to 3.80% APY and pay no account fees."
"I just went w sofi. 3.8% w/ no account fees/ minimums & ability to transfer at will. My financial advisor buddy recommended them."
"SoFi’s vault feature is excellent for organizing savings goals."
"I use Sofi bank which has high yield savings provided you set up a direct deposit."
"I’ve used Ally and SoFi with no issues. Just yesterday transferred money to my local bank that’s available within less than 24hrs."
"Join me to start earning more money with SoFi Checking and Savings."
"SoFi is 4.6% Marcus is 4.5% with +1% for 3mo."
"I'm currently at 4.6% for SoFi."
"Sofi 4% . Had a $250 signup bonus if you met their conditions."
"I'm using SoFi at 4% right now."
#7
Capital One
3.8
(12)
"Cap One performance savings, at 3.6% right now. Happy with them"
"Captiol One was the easiest for me to use. No minimums or DD required and they had a $250 bonus."
"The two that I can recommend are Capital One and AmEx."
"The ones I recommend are Capital One and Marcus."
"I have 3 HYSA, one is for my 14 month son and an additional one at Capital One which serves as my fiancés and I emergency fund, the APY is 4.35%."
"Capital One 4.35%."
"CapOne at 4.3% and Citizens at 4.5% are the first two that come to mind."
"Capital One for me. They are a big enough bank that I feel comfortable."
"Capital One is great."
"I use capital one which I think is 3.7 right now."
#8
Ally Bank
4.1
(8)
"For high-yield savings and CDs, check out Ally Bank"
"I signed up with Ally and have enjoyed it. Checking account for spending, high yield savings for tax withholding."
"Ally, Marcus, or Discover are commonly recommended"
"Ally, Marcus, or Discover are commonly recommended"
"I found Ally Bank's high-yield savings account quite reliable with competitive rates."
"Personally, I've used Ally for years, and their rates and interface are great."
"I use Ally Bank."
"Ally is 4.25."
#9
Discover
4.0
(7)
"Ally, Discover, and Alliant are probably the most popular as HYSA."
"Ally, Marcus, or Discover are commonly recommended"
"Discover online and PNC have always been comparable. High 3’s last I looked."
"Another option is Discover's online savings account."
"Discover is great and nice app."
"Recently saw Discover with 4.35% and no fees."
"One of them was discover. never had an issue."
#10
Openbank (Santander)
4.8
(4)
"Openbank by Santander gives you 4.40%. I don’t have a referral link :("
"Openbank is at 4.40% right now. So far I have enjoyed it."
"I just signed up with Openbank (Santander) and it is 4.40% right now. No issues so far!"
"Openbank is worth a look"
#11
CIT Bank
4.0
(4)
"I like CIT bank, they offer over 4% now and I haven’t really had issues with them"
"Cit not Citi 4.1 on $5,000 or more but they just gave me a 1 year bump to 4.5 when I went to withdraw some."
"CIT Bank is rated high on nerd wallet"
"I have a CIT Bank account that I love. 4.4 APY but min balance $5k for that higher yield account."
#12
Betterment
4.0
(4)
"Betterment Cash Reserve might be worth looking into."
"Betterment! @ 4.2%. Really competitive rate right now."
"Betterment has 4.2% right now."
"I have my $$$ in Betterment at 4.2%."
#13
Fidelity
5.0
(3)
"Fidelity gives over 5% and it’s not a HYSA."
"Our Fidelity HYSA is at 5.15%. July 2023 - Dec 2023 we've accrued over $900 in interest."
"You can get 5% yield on T Bills and can buy via Treasury Direct or through a brokerage like Fidelity."
#14
Upgrade
4.7
(3)
"Upgrade is currently at 5.21%! I signed up awhile back with a referral link and got a $500 referral bonus."
"Using upgrade.com 5.07% no fees."
"Upgrade Premier Savings is the one you want with 4.04% APY."
#15
Discover Bank
4.3
(3)
"For high-yield savings and CDs, check out Discover Bank"
"Ally, Marcus, or Discover are commonly recommended"
"Ally, Marcus, or Discover are commonly recommended"
#16
Online Bank
4.3
(3)
"If you want the best rates, look here:"
"Look for options with competitive interest rates, no monthly fees, and solid reputations."
"Look for options with competitive interest rates, no monthly fees, and solid reputations."
#17
PNC
4.0
(3)
"PNC 4.65%. No fees."
"Pnc is 4.65% vs cap one's 4.3%."
"PNC surprised me with 4%."
#18
Bask Bank
3.7
(3)
"I have Bask Bank @4.35%. So far so good!"
"Bask is pretty good. Or it was last week I haven’t checked recently. Good CD rates too."
"Bask Bank"
#19
Jenius Bank
4.5
(2)
"5.25% APY (Jenius Bank). These rates are way higher than the average."
"Jenius Bank is good, no direct deposit needed. 4.2% interest."
#20
Live Oak
4.0
(2)
"Same, went with Live Oak for business checking and hysa."
"Ditto for Live Oak."
#21
Santander
4.0
(2)
"Second the Santander savings account"
"I would choose santander and medirect"
#22
CIT
4.0
(2)
"I have CIT BANK. Deposit $5000 or more and get premium rate of 4.7%."
"I am currently using CIT and getting 4.65%."
#23
Forbright Bank
4.0
(2)
"Here is another review of Forbright Bank"
"Read my review of Forbright Bank Growth Savings"
#24
C1
3.5
(2)
"You can also open a C1 checking for immediate access to your money."
"C1 inherited me when they bought ING. My older accounts were getting 0.3%."
#25
Everbank
3.0
(2)
"EverBank has one of the highest currently"
"No go for me.. For all that I rather you Everbank.."
#26
Comenity Direct
5.0
(1)
"I use Comenity Direct because they have a great rate."
#27
VIO
5.0
(1)
"VIO paid 5.32% last month."
#28
Vanguard
5.0
(1)
"Put it in a vanguard money market fund. The yield is currently 5.27%."
#29
Andrews FCU
5.0
(1)
"Andrews FCU is open to anyone who works or lives in DC, and has a 5.75% 9 month CD offer going on currently."
#30
CFG
5.0
(1)
"CFG is at 5.02%. Top of the pile as of a few days ago."
#31
Roger Bank
5.0
(1)
"Https://roger.bank/savings 4.65% Savings and they have a 2% checking. About to have a 5% Rate if you're military."
#32
Parkfunds
5.0
(1)
"You can get access to some really lucrative accounts through Parkfunds, 9.50% even as high as 14%."
#33
E*TRADE
5.0
(1)
"Etrade is great. Easy to transfer. It’s at 4.00% right now. Better than other brokerages like vanguard who is at 3.65%"
#34
FNBODirect
5.0
(1)
"FNBODirect 5.1% I have been a customer for over 10 years."
#35
DCU
5.0
(1)
"DCU for 6% on your first $1000."
#36
Alliant
5.0
(1)
"Ally, Discover, and Alliant are probably the most popular as HYSA."
#37
Doctor of Credit
5.0
(1)
"[DoC’s Best High Yield Savings Accounts](https://www.doctorofcredit.com/high-interest-savings-to-get/)"
#38
Citi
4.0
(1)
"Citi is at 3.85% right now."
#39
VUSXX
4.0
(1)
"VUSXX - currently 4.7% and no state income tax."
#40
Western Alliance Bank
4.0
(1)
"Western Alliance Bank thru Raisin HYSA 5.24% as of today."
#41
Apple
4.0
(1)
"Had AMEX at 4.25% but yesterday moved it to Apple at 4.50%."
#42
Eagle Bank
4.0
(1)
"Eagle Bank (local, medium sized) has CDs at 4.35."
#43
Capital One 360
4.0
(1)
"Used Capital One 360 until I moved most of it to a money market fund."
#44
Wells Fargo
4.0
(1)
"Wells Fargo 4.6%."
#45
Bread Savings
4.0
(1)
"Other good ones are UFB Secure Savings and Bread Savings, both offering some of the highest rates."
#46
UFB Secure Savings
4.0
(1)
"Other good ones are UFB Secure Savings and Bread Savings, both offering some of the highest rates."
#47
Affinity Federal Credit Union
4.0
(1)
"I use a combo of Capital One 360 and Affinity Federal Credit Union."
#48
Chime
4.0
(1)
"Try Chime or Ally Bank for competitive rates on savings accounts and CDs"
#49
Raisin
4.0
(1)
"Download raisin check there done. If you don't want trade accept lower than 3%"
#50
Merrill Edge
4.0
(1)
"Merrill Edge (via Bank of America) offers their Preferred Deposit for Business at 4.76 right now."
#51
Investors Bank
4.0
(1)
"While the rates have dropped, they are still better than Chase ever was."
#52
Varo
4.0
(1)
"I am currently using Varo, which is the online side of Bancorp Bank."
#53
Credit Unions
4.0
(1)
"Check credit unions with fewer hoops. E-statements and one external transfer a month works to get 4%."
#54
Sandy Spring
4.0
(1)
"Sandy Spring has 4.5%, think it’s invite only for existing customers though."
#55
Booster Savvy
4.0
(1)
"Booster Savvy - 3.75% and you can spend using a Debit Mastercard."
#56
LendingClub
4.0
(1)
"Lending Club. 4.4%. You need to transfer $250 every month IN the account."
#57
MyBankingDirect
4.0
(1)
"Mybankingdirect offers 4.4% currently."
#58
Texas Capital Bank
4.0
(1)
"Texas Capital Bank currently has a 4.40%APY High Yield Savings Account."
#59
UFB Direct
4.0
(1)
"I use UFB direct. I like it because it has all the functionality I need in a bank and is on the higher end of interest payouts compared to a lot of other HYSA."
#60
BlueVine
4.0
(1)
"The ones I can recommend are BlueVine or LiveOak."
#61
Evansville Teachers Federal Credit Union
4.0
(1)
"Evansville Teachers Federal Credit Union pays 3.3% on the first $20,000."
#62
T-Mobile Money
3.0
(1)
"If you want to keep things simple, use T-Mobile Money which pays 1% interest."
#63
Up
3.0
(1)
"Australia has one called Up that was offering 1.1%, it’s now dropped down to 0.7%."
#64
Lending Club Bank
2.0
(1)
"No go for me.. For all that I rather you Lending Club Bank.."
#65
Etrade
2.0
(1)
"No go for me.. For all that I rather you Etrade by Morgan Stanley.."
#66
Yotto
2.0
(1)
"If you want to have some fun with a savings account try this one called Yotto. It's offering 0.20 percent but they raffle out gifts."
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