This review was updated June 14th, 2018. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here, including CIT Bank, Marcus by Goldman Sachs, Discover Savings, American Express Personal Savings, Barclays, and Synchrony. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all financial offers available. Review The Motley Fool's advertiser disclosure.

We've vetted some of the most popular high-yield online savings accounts to bring you our shortlist of the best high-yield online savings accounts for 2018. Check out the table below and read on for more detailed reviews of each savings account. For more information on how our best savings accounts picks were selected, click here.

Account APY (Annual Percentage Yield) Bonus Next Steps
CIT Bank Money Market

1.85%

Member, FDIC

$0

APPLY NOW

American Express National Bank

1.65%

Member, FDIC

$0

APPLY NOW

Barclays Online Savings

1.65%

Member, FDIC

$0 APPLY NOW
Synchrony Bank High-Yield Savings

1.75%

Member, FDIC

$0 APPLY NOW
Discover Savings

1.65%

Member, FDIC

$0 APPLY NOW

Marcus by Goldman Sachs

Goldman Sachs Bank USA

1.70%

Member, FDIC

$0 APPLY NOW  
Ally Online Savings

1.60%

Member, FDIC

$0 --
Alliant High-Rate Savings

1.50%

Member, FDIC

$0 --

MORE >> Compare hundreds of savings rates to find a high yield

WANT YOUR SAVINGS TO EARN MORE? >> Check out current CD rates

CIT Bank Money Market Account

Good for: High APY

Importantly, CIT Bank Money Market Account packs in a high APY that doesn't come at the expense of unnecessary fees. These best-in-classs benefits make it one of the best options we've come across.

Bank APY What We Like

CIT Bank Money Market Account


APPLY NOW

1.85%

Member, FDIC

-$0 monthly fee

-Free outgoing wires*

-Mobile app and deposit

*$25,000 average daily balance required. 

American Express National Bank

Good for: High APY and low fees

American Express has a legion of die-hard credit card fans and we think American Express® Personal Savings from American Express National Bank will generate the same enthusiasm for savers who value a combination of low fees and and a high APY. Read our American Express® Personal Savings review to learn more.

Bank APY What We Like

American Express National Bank


APPLY NOW

1.65%

Member, FDIC

-$0 monthly fee

-$0 withdrawal limit fee

-$0 minimum deposit

Barclays Online Savings

Good for: High APY and low fees

Barclays Online Savings checks many of our boxes for a top-notch savings account -- namely, low fees, convenience, and high yield. Its lack of fees are especially compelling, and its mobile app earns impressive user ratings. Read our Barclays Online Savings review to learn more.

Bank APY What We Like

Barclays Online Savings


APPLY NOW

1.65%

Member, FDIC

-$0 monthly fee

-$0 minimum deposit

-Mobile app and deposit

Synchrony Bank High-Yield Savings

Good for:High APY and free ATMs

We think Synchrony Bank High-Yield Savings is a top-tier option for people who want to tackle common fees head-on and earn one of the best interest rates we've seen. Parking your cash with Synchrony Bank can bring the cost of maintaining an account down to $0 for routine account needs and Synchrony's high yield rounds out the features we covet most when picking the best online savings accounts. Read our Synchrony Bank High-Yield Savings review to learn more.

Bank APY What We Like

Synchrony Bank High-Yield Savings


APPLY NOW

1.75%

Member, FDIC

-$0 monthly fee

-$0 minimum deposit

-Free ATMs*

-Mobile app and deposit

*No fees for in-network ATMs bearing the Plus, NYCE, or STAR logos. Synchrony rebates $5 per month for out-of-network ATM fees.

Discover Savings

Good for: Low fees

Discover's high-yield savings account gives includes many valuable perks. The bank's combination of a high APY, no monthly maintenance fees, and ease of use are all factors we consider a must-have for online savings accounts. Read our Discover Savings review to learn more.

Bank APY What We Like

Discover Savings


APPLY NOW

1.65%

Member, FDIC

-No monthly maintenance fees

-No monthly balance requirement

-Mobile app and deposit

Marcus by Goldman Sachs

Good for: High APY and low fees

Marcus by Goldman Sachs is a recent entrant in the online savings account market, and the bank is garnering a lot of attention. That's because it has been going toe-to-toe with competitors by delivering an interest rate that's among the highest we've come across and low fees. Read our Marcus by Goldman Sachs review to learn more.

Bank APY What We Like

Marcus by Goldman Sachs

Goldmand Sachs Bank USA


APPLY NOW

1.70%

Member, FDIC

-High APY

-$0 monthly fee

-$0 minimum deposit

Ally Online Savings

Good for: High APY and free ATMs

Ally has been one of the most vocal and aggressive online banks when it comes to low fees and competitive yields across all of its banking products. Ally Online Savings is no exception, with its high yield, free ATMs, and slate of fee waivers. Similar to Discover, Ally may be worth considering for financial services beyond just a savings account, including the online bank's CDs and brokerage offerings. Read our Ally Online Savings review to learn more.

Bank APY What We Like

Ally Online Savings

1.60%

Member, FDIC

-$0 monthly fee

-$0 minimum deposit

-Free ATMs*

-Mobile app and deposit

Alliant High-Rate Savings

Good for: Credit union and free ATMs

Alliant is a credit union that offers the convenience expected from a major national bank while also delivering the high APY and low fees common among credit unions. Alliant also stands out for its mobile-friendly experience. Many credit unions skimp on their mobile platforms, but Alliant members will find that's not the case when using the app for routine account-management needs. Read our Alliant High-Rate Savings review to learn more.

Bank APY What We Like

Alliant High-Rate Savings

1.50%

Member, FDIC

-$0 monthly fee

-Free ATMs*

-Mobile app and deposit

*Alliant-owned ATMs and those that are part of the Alliance One, Allpoint, CO-OP Network, Credit Union 24 CU Here, and Publix Presto networks.


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The Motley Fool's Golden Rule is our north star, and we'll guide you to best-in-class offerings, regardless of advertising relationships. Click here to learn how we pick the best banking accounts. We work feverishly to maintain current offer details, and some offers may vary from what's included on this page. Review bank sites for full details on costs, fees, and other important details before opening an account. This content is not provided by any bank advertisers included on this list. Any opinions, analyses, reviews or recommendations expressed in this article are those of the The Motley Fool's alone and have not been reviewed, approved or otherwise endorsed by included advertisers. The Motley Fool has a disclosure policy. The Motley Fool has no position in any of the stocks mentioned.