Best High Yield Savings Accounts of October 2026
Last Updated: Oct. 15, 2026
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Opening a high-yield savings account is the number one money tip we've been giving our friends and family in 2026. To make the search easier, we created this shortlist of standout picks from our partners.
These online banks offer high-interest savings accounts paying many times higher than the national average of 0.37% and all are FDIC insured.
- Our team of experts assessed 100+ banking institutions
- We evaluate all banking institutions across the same 4 key criteria: annual percentage yield (APY), brand reputation, fees and minimum requirements, and additional perks
- Our bank ratings are never influenced by our advertising partners
- We strictly feature products that offer federal insurance and high customer satisfaction, keeping our recommendations unbiased
Limited-time offer: Earn $50 or $400 and +0.90% Boost on Savings APY with direct deposit. Terms apply.
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Member FDIC.
| Offer | APY | Bonus | Rating | Next Steps | |
|---|---|---|---|---|---|
SoFi Checking and Savings
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. 4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
up to 4.20%
Rate info
Earn up to 4.20% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.30% APY as of 9/23/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.
Min. balance to earn: $0
|
Limited-time offer:
Earn $50 or $400 and +0.90% Boost on Savings APY with direct deposit. Terms apply.
|
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
|
Barclays Tiered Savings
Open Account for Barclays Tiered Savings
On Barclays' Secure Website. 4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.50%
Rate info
Balances less than $250,000 earn 3.50%, and balances greater than $250,000 earn 3.65%.
Min. balance to earn: $0
|
N/A
|
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Open Account for Barclays Tiered Savings
On Barclays' Secure Website. |
|
Chase Savings℠
2.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
0.01%
|
N/A
|
2.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
|
|
American Express® High Yield Savings Account
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. 4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
3.20%¹
Rate info
3.20%¹ annual percentage yield as of . Terms apply.
Min. balance to earn: $0²
|
N/A
|
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website. |
|
|
¹The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded. ²There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you. ³For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 digitally or may be made by phone (transfers are not available by phone between 7:00 PM and 11:59 PM), but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information |
¹The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded. ²There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you. ³For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 digitally or may be made by phone (transfers are not available by phone between 7:00 PM and 11:59 PM), but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information |
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🏆 SoFi is the most popular offer of October 2026
Score a $400 Bonus and One Of the Best APYs Available Today
Between the elevated APY and the $50 or $400 cash bonus when you sign up and set up an eligible direct deposit, this is one of the most rewarding savings offers right now. If you’re looking to grow your money faster with zero monthly fees and no minimum balance requirements, SoFi checks all the right boxes. Terms apply.
This account is a smart move if you:
- Want a high-yield account that stays competitive even after the intro rate ends
- Are ready to set up direct deposit to qualify for the best rate and bonus
- Don’t want to mess with account fees or balance minimums
- Prefer saving online with a trusted, FDIC-insured institution
Don’t wait because offers like this may not stick around.
TIP
Are these accounts insured?
All of the accounts listed are FDIC-insured by the US government, so your money in these accounts is guaranteed safe up to at least $250,000 per depositor, per ownership category.
SoFi Checking and Savings
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Member FDIC.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair = Poor
Open Account for SoFi Checking and Savings
On SoFi's Secure Website.
Limited-time offer:
Earn $50 or $400 and +0.90% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 4.20% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.30% APY as of 9/23/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.
APY
up to 4.20%
Rate info
Earn up to 4.20% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.30% APY as of 9/23/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.
Min. To Earn APY
$0
- Competitive APY on both Savings and Checking
- No monthly account fee
- Welcome bonus up to $400 (direct deposit required)
- ATM access
- Unlimited number of external transfers (up to daily transaction limits)
- FDIC insured (up to $3M with opt-in to SoFi Insured Deposit Program)
- Early access to direct deposits
- Tools to help you track savings goals
- Combo account only; no stand-alone savings or checking
- Maximum Savings APY requires direct deposit
- No branch access; online only
- Overdraft protection requires monthly direct deposit minimum
For those who plan to set up direct deposit with their new account, we think SoFi Checking and Savings (Member FDIC) is hard to beat. Not only does this savings account offer a strong APY, but the linked checking account earns an above-average rate, too -- which is a rare perk. Plus, new customers earn a bonus of $50 or $400 with eligible direct deposit. Frankly, it's the kind of combo that could make it worthwhile to switch banking relationships.
Barclays Tiered Savings
Open Account for Barclays Tiered Savings
On Barclays' Secure Website.
Member FDIC.
4.90/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair = Poor
Open Account for Barclays Tiered Savings
On Barclays' Secure Website.
Special Offer
$200 Bonus with qualifying activities. Terms Apply
To earn a $200 bonus, new customers can open a savings account; deposit $25,000 or more within 30 days; and maintain at least that balance for 120 consecutive days. The bonus will be credited to your account within 60 days of meeting these requirements. Offer ends Oct. 31, 2026. Terms apply.
APY
3.50%
Rate info
Balances less than $250,000 earn 3.50%, and balances greater than $250,000 earn 3.65%.
Min. To Earn APY
$0
- Competitive APY
- No monthly account fee
- Unlimited number of external transfers (up to daily transaction limits)
- FDIC insured
- No minimum deposit to open an account
- Balance requirement for maximum APY
- No ATM access
- No wire transfers (inbound or outbound)
- No branch access; online only
Barclays Tiered Savings rewards savers with a tiered APY structure, offering higher rates as your balance grows. No monthly fees and no minimum balance to open mean it's accessible to everyone, while unlimited transfers and withdrawals let you manage your savings your way.
Chase Savings℠
Member FDIC.
2.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair = Poor
APY
0.01%
Min. To Earn APY
N/A
- Large, nationwide branch network
- Highly rated customer service
- Automated savings tools for those with linked Chase checking accounts
- Unimpressive APY
- Monthly maintenance fee
The Chase Savings account doesn't offer a high APY, but it remains a popular pick because of the bank's impressive customer service and huge branch network. Those who prefer personalized, in-person support will find Chase difficult to beat.
American Express® High Yield Savings Account
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
American Express National Bank, Member FDIC.
4.80/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair = Poor
Open Account for American Express® High Yield Savings Account
On American Express's Secure Website.
APY
3.20%¹
Rate info
3.20%¹ annual percentage yield as of . Terms apply.
Min. To Earn APY
$0²
- Competitive APY (Variable)
- No monthly account fee²
- Comfort of a well-known brand and reputation
- Unlimited number of external transfers (up to daily transaction limits)³
- 24/7 customer support
- FDIC insured
- No ATM access
- No branch access; online only
- No cash deposits
American Express High Yield Savings may not have the highest APY on our list, but it still offers a rate that is above the national average and requires no minimum deposit to open for the APY they offer². It's a good fit for those who want to save at a competitive rate while avoiding withdrawal limits or minimum balance requirements.
¹The Annual Percentage Yield (APY) as advertised is accurate as of . Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded.
²There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.
³For purposes of transferring funds to or from an external bank, business days are Monday through Friday, excluding federal holidays. Transfers can be initiated 24/7 digitally or may be made by phone (transfers are not available by phone between 7:00 PM and 11:59 PM), but any transfers initiated after 7:00 PM Eastern Time or on non-business days will begin processing on the next business day. Funds deposited into your account may be subject to holds. See the Funds Availability section of your Consumer Deposit Account Agreement and Savings Schedules for more information
CIT Savings Connect
Open Account for CIT Savings Connect
On CIT's Secure Website.
Member FDIC.
4.70/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
= Best
= Excellent
= Good
= Fair = Poor
Open Account for CIT Savings Connect
On CIT's Secure Website.
APY
3.65%
Min. To Earn APY
$100 to open account
- Competitive APY
- No account fees
- Unlimited number of external transfers (up to daily transaction limits)
- FDIC insured
- $100 minimum deposit required
- No branch access; online only
CIT Savings Connect has among the highest APYs we've seen for an account with no account fees or minimum balance requirement (though a $100 initial deposit is required to open it). It's a great fit for those who want a top-notch APY and a flexible online banking experience.
APY — Annual Percentage Yield is accurate as of July 1, 2026. Interest Rates for the Savings Connect Account are variable and may change at any time without notice. The minimum to open a Savings Connect account is $100. Fees could reduce earnings on the account.
Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of February 17, 2026.
CIT General Disclosure
For complete list of account details and fees, see our Personal Account disclosures.
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Motley Fool Stock Disclosures
American Express is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends American Express. The Motley Fool recommends Barclays Plc and Capital One Financial. The Motley Fool has a disclosure policy.