These Accounts Will Earn You More Than Apple Card Savings' 3.90% APY

While rising interest rates have their downside, one of the good things coming out of the increases has been higher rates on savings accounts. And it's not just regular banks getting in on the action; it turns out retailers are showing interest, too.

For example, just this week, Apple announced the launch of a high-yield savings account from Goldman Sachs just for Apple Card users. The account offers a 3.90% APY -- more than 10 times the national average as of April 2023.

As competitive as Apple's rate may be, however, it's hardly the highest rate you can find. In fact, three of our favorite high-yield savings accounts offer better rates -- and you don't need an Apple Card to qualify.

1. UFB Portfolio Savings Account: 4.01%

Offering one of the highest APYs we've found, the UFB Portfolio Savings Account account has all the bells and whistles you could want out of a high-yield savings account. There's no monthly maintenance fee, no minimum deposit to open an account, and no minimum balance to earn the best rate.

Account holders can manage their account 24/7 online or with the UFB mobile app. You'll also get an ATM card with fee-free access to over 91,000 ATMs nationwide. Additionally, UFB is a member of the FDIC, so your account is fully insured up to the legal maximum.

2. CIT Savings Connect: 4.00%

Another great option for a big return on your savings is the CIT Savings Connect account. It offers a strong 4.00% APY, with interest that compounds daily. There's no monthly maintenance fee, but you will need at least $100 to open your account.

If top-quality customer service is a priority, CIT may be a good fit; the bank ranked first in American Bank's 2022 List of Best Customer Experience Institutions. CIT, as a division of First-Citizens Bank & Trust Company, also provides full FDIC protections.

Apply now to open a CIT Savings Connect account.

Higher rates and fewer hoops

There's no doubt that the new high-yield savings account for Apple Card users is a solid option for storing your Daily Cash rewards. But if you're not a cardholder -- and don't want to get a credit card just for a bank account -- you don't have to worry about missing out. These three accounts are just a few of the options you have for earning great rates on your savings, without jumping through any extra hoops.