9 best high-interest savings accounts

Best high-interest savings accounts

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You’ve worked hard on building a rainy day or emergency fund. The best way to have easy access to that cash but achieve no-risk growth is by placing it in a high-interest savings account. We’ve got you covered with the best high-interest savings accounts around.

1. BankPurely Savings Account

Variable 1.30% APY

If you’re looking for a savings account with a heart, BankPurely might be the answer. For every savings account opened, a tree is planted through Plant-It 2020. You’ll only need $1 to open the account, and there’s no minimum balance required to avoid a monthly fee.

2. CIT Bank Premier High-Yield Savings Account

Variable 1.30% APY for amounts up to $100,000. Variable 1.25% for amounts of $100,000 or more.

You won’t pay a monthly maintenance or account opening fee for an account with CIT. That said, there’s a $100 minimum deposit. You’ll get the benefit of daily compounding interest to get the most out of your savings though.

3. GS Bank High-Interest Savings Account

Variable 1.20% APY

You don’t have to worry if you can’t stash any money right away: With a GS savings account, there’s no minimum deposit. You’ll also have a daily compounded interest rate to maximize the growth of your savings.

4. Ally Online Savings Account

Variable 1.15% APY

Enjoy no monthly maintenance fees and domestic ATM withdrawal fees along with your high APY. You can also deposit funds remotely using Ally’s eCheck Deposit system. Interest is compounded daily to help you grow your savings quickly.

5. Barclays Savings Account

Variable 1.15% APY

You won’t find any monthly maintenance fees or minimum balances to open with Barclay. There’s also 24-hour access to your account and funds — and a savings assistant to help you meet your goals.

6. Synchrony Savings Account

Variable 1.30% APY

You won’t need to hold a minimum balance or deal with monthly service fees when you save with Synchrony. Mobile check deposit is also available through Synchrony’s iOS and Android apps.

7. Alliant Savings Account

Variable 1.11% APY

With Alliant you’ll pay a $5 fee to open a savings account. But the good news is that they’ll pay it for you. You’ll need an average daily balance of $100 in the account to actually start earning interest, but you won’t have to worry about monthly fees eating away at your balance. And tools are available to help you keep on the path to building your savings.

8. Discover High-Interest Savings Account

Variable 1.10% APY

Discover boasts quite a few $0 fees that you might run into with other savings accounts. Monthly maintenance, minimum balance, official bank check, expedited delivery for those bank checks or incoming wire transfers won’t cost you a thing with Discover. You also don’t need to make a deposit to open the account.

9. Capital One 360 Savings Account

Variable 0.75% APY

Offering a little bit lower APY than its competitors, Capital One 360 has quite a few features, including apps for iPhone, Android, Apple Watch and iPad. You’re also free to open multiple savings accounts, set up savings goals and direct deposit checks remotely.

Get the savings account that meets all your needs, including your desired interest rate

It can take time to compare your savings options. But preparing for the future can be more than worth the time. Each of these accounts have benefits and drawbacks, so you’ll need to find one that best fits your situation. You can take control of your financial future, even if it’s just a few dollars at a time.

Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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