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Best Compound Interest Savings Accounts 2023

Savings accounts with APYs over 10x the national average*

4,487 users found a savings account through Finder this week.

Best for ATM access

UFB High Yield Savings

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on UFB's secure site

  • 5.25% APY
  • $0 monthly fees
  • $0 minimum deposit
  • FDIC insured

For 24/7 customer service

American Express® High Yield Savings Account

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on American Express's secure site

  • 4.25% APY as of August 18, 2023
  • $0 monthly fee
  • $0 minimum deposit to open
  • Member FDIC

Up to 5.07% APY

Upgrade - Premier Savings

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on Upgrade's secure site

  • 5.07% APY on balances of $1,000 or more
  • $0 account fees or transfer fees
  • FDIC insured
$
Name Product Account type Annual Percentage Yield (APY) FDIC or NCUA insured amount Minimum balance to earn interest Minimum deposit to open Offer Estimated total balance
UFB High Yield Savings
Finder Rating: 5 / 5: ★★★★★
UFB High Yield Savings
Traditional savings

5.25%

Up to $250,000
$0
$0
$1,052.50
American Express® High Yield Savings Account
Finder Rating: 4.9 / 5: ★★★★★
American Express® High Yield Savings Account
Traditional savings

4.25%

Up to $250,000
$1
$0
$1,042.50
Upgrade - Premier Savings
Finder Rating: 4.3 / 5: ★★★★★
Upgrade - Premier Savings
Traditional savings

5.07%

Up to $250,000
$1,000
$0
$1,050.70
Wealthfront Cash Account
Finder Rating: 4.6 / 5: ★★★★★
Wealthfront Cash Account

4.80%

Up to $5M FDIC insurance
$1
$1
$1,048
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