3 High-Yield Savings Accounts That Have a High APY and Other Great Perks

High-yield online savings accounts used to be quite rare, but there are now dozens of solid accounts to choose from. One important thing to understand is that it isn't just about which bank has the highest APY -- it's about which bank has a high APY and features that matter to you.

With that in mind, here are three of our favorite high-yield savings accounts that all offer high APYs, as well as some other unique features that you might find worthwhile.

1. A savings account with ATM fee reimbursement

It is somewhat rare for an online savings account to offer ATM access, but it's very rare for a high-yield savings account to offer ATM fee reimbursement. That's more common as a feature of a checking account. But that's something the Synchrony Bank High Yield Savings account offers to its customers.

Not only does the account have a highly competitive APY (4.00%), but it has no minimum balance requirement, no monthly fee, and an excellent mobile app. Customers can access their money at any of the tens of thousands of ATMs in the Plus or Accel networks, but if one isn't readily available, the bank will reimburse up to $5 of out-of-network ATM fees every month. And if you have Diamond status in Synchrony's Perks Rewards program, you can get unlimited ATM fee reimbursement.

2. Lots of FDIC insurance for high-balance accounts

First off, you can't just open a SoFi savings account. The SoFi Checking and Savings account (member FDIC) is only offered as a combination product (although you could certainly open it and not leave much money in the checking account).

Both sides of the account have excellent features. The checking account has a modest annual percentage yield (0.50%) but has no fees³, a vast ATM network⁵, and other perks such as free checks. The savings account has a high APY (up to 3.80%, direct deposit is required to earn the top APY), and links seamlessly with the checking account through SoFi's highly rated mobile app.

One of the most unique features of the SoFi Checking and Savings account is its high FDIC insurance limit. By partnering with other financial institutions and essentially combining their FDIC insurance power, SoFi is able to offer customers who opt in an FDIC insurance limit of $3 million -- eight times the standard amount.⁴ If you have a high-balance savings account and want to earn more interest than branch-based banks are offering, SoFi could be a great fit for you.

3. An online bank yield with branch banking convenience

When you open a savings account, you typically have to choose between a high APY and the convenience of bank branches. But with the Capital One 360 Performance Savings account, you can have both.

Capital One has a large branch network, especially in the mid-Atlantic region, and some of its branches are even set up as Capital One Cafes. There is no minimum balance requirement, no monthly maintenance fees, and while the APY isn't the highest among our favorite high-yield savings accounts (3.60%), it is the only one on the list that has a high yield and branch access.

The bottom line

One key takeaway from this discussion is that choosing the best savings account isn't just about finding the highest yield. That's why we have more than one account on our top savings account list. In addition to considering how much interest your account will produce, it's also important to consider the unique features of each account and which of these features are most valuable to you.