---
title: Best Banks for High-Yield Savings Accounts for September 2026
description: Check out Money's picks for the best banks for high-yield savings accounts in 2026.
editors:
  - name: Jordan Chussler
    role: Editor, Investing and Banking
    url: https://money.com/author/jordan-chussler/
    bio: Jordan is an investment editor who specializes in topics ranging from traditional equities, retirement savings and income investing to alternative assets and commodities, specifically focusing on gold and other precious metals. He combines his personal interests and professional experience in finance and education to help readers increase their financial literacy and make better investment choices. Jordan is a Certified Personal Finance Counselor.
    education: Lynn University
    certifications: Certified Personal Finance Counselor
    at_money_since: 2023
    articles: 130
    covers:
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    also_seen_in:
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    social:
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published: '2026-08-31T15:03:40.000Z'
modified: '2026-08-31T15:03:40.000Z'
section: Banking
tags:
  - Best
  - Best Banks 2025–2026
word_count: 1861
canonical: https://money.com/best-high-yield-savings-accounts/
type: Article
source: structured-blocks
---

> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![Best Banks for High-Yield Savings Accounts for September 2026](https://img.money.com/2025/11/Best-Banks-2026-HYSA-blue-mbci_qbqy3__tir8gx.jpg?quality=85&w=1012&h=569&crop=1)

## Best Banks for High-Yield Savings Accounts

- High-yield savings accounts, or HYSAs, offer annual percentage yields (APYs) that are much higher than traditional savings accounts.
- Methodology: Money collected data from roughly 60 HYSAs offered by some of the largest and most popular commercial banks, credit unions and online banks. While APY was the main factor considered, we also reviewed minimum opening balances, fees and more.
- Variable rates: Banks and credit unions can change the APYs on HYSAs at any time. They tend to take cues from the Federal Reserve, which adjusts its benchmark interest rate to keep inflation under control and the economy growing at a steady pace.
- Interest rate vs. APY: The interest rate on a bank account is the percentage of interest you’d earn on money in the account while the APY is the total interest you’d earn on the account during one year with compounding. APY is the more commonly used figure.
- Criteria: Some banks have high opening balance requirements or may require you to keep a certain amount in your HYSA to earn the advertised APY. In addition, some banks have tiered rates, with higher balances earning more.

## Our Partners

### TOP PARTNER

![SEE OFFER](https://s3.consumersadvocate.org/prd/image/image/19227/medium_5c3a0d96-3da5-45d8-8e99-d58f043e9433.png)

Our Partner

[SEE OFFER](https://money.com/go/aa7de6919def?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&bidid=4025873707&ptid=661849656&ptoken=b199a3ba53978047df1b04517fb9e715&zip=20149)

**Earn up to 3.80% APY\* & up to $50 or $400 with direct deposit\***

-   Limited Time Offer - New accounts earn a 0.70% APY boost to 3.80% for up to 6 months with eligible direct deposit\*
-   $0 min. balance to earn APY
-   Open Checking & Savings Accounts with 1 Sign Up
-   Up to 2-Day-Early Paycheck3
-   Access additional FDIC insurance up to $3M on deposits4
-   No Account Fees5 & No-fee Overdraft Coverage6

\*Terms Apply

**\[AFFILIATE LINK: Open SoFi Account Today\]**

* * *

![SEE OFFER](https://s3.consumersadvocate.org/prd/image/image/7510/medium_8a6feaaf-bb2a-4668-a20d-603241767f86.png)

Our Partner

[SEE OFFER](https://money.com/go/5fcbfdfd001e?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&bidid=4025873705&ptid=661849656&ptoken=e5934b77e2866e886d6c177a59201a05&zip=20149)

**Earn up to 3.65% APY\* on qualifying balances with a Barclays' Tiered Savings account**

-   $200 Bonus with qualifying activities. Terms Apply.
    
-   No monthly maintenance fees
-   Easy direct deposits & online transfers
-   Member FDIC

\*Rate as of 6/24/2026

**\[AFFILIATE LINK: View Barclays Offer\]**

* * *

![SEE OFFER](https://s3.consumersadvocate.org/prd/image/image/38558/medium_9a7de13e-ef66-4a9d-9afd-0d742334c0be.webp)

Our Partner

[SEE OFFER](https://money.com/go/9ddf95c401f8?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&bidid=4025873710&ptid=661849656&ptoken=6bbf156b682907d79d0988e400a6ffae&zip=20149)

**Earn 4.10% APY\* for 6 months with $5k min. balance**

-   $5,000 min. balance to earn top APY
-   $100 minimum deposit to open an account
-   No account opening or monthly service fees
-   Member FDIC

\*Boosted rate for 6 months; 3.75% APY after. Enter promo code CITBOOST for APY bonus. Rate as of 07/01/2026.

**\[AFFILIATE LINK: View CIT Bank Offer\]**

* * *

![SEE OFFER](https://s3.consumersadvocate.org/prd/image/image/35396/medium_03f248f6-d7f4-4da6-8f13-322fce5d1be2.webp)

Our Partner

[SEE OFFER](https://money.com/go/f9e7df8a961f?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&bidid=4025873713&ptid=661849656&ptoken=dbe1c6b55c568e790907d7cf427ef5f5&zip=20149)

**Earn 3.80% APY\* with an Openbank High Yield Savings account**

-   $500 minimum opening deposit
-   Keep more of your money with no fees
-   Trusted device security with quick face or fingerprint login
-   Member FDIC, Santander Bank, N.A.

\*Rate as of 8/24/2026

**\[AFFILIATE LINK: View Openbank Offer\]**

Whether you're growing your emergency fund, saving for a new car or planning a dream vacation, it's important to put your money somewhere where it's easily accessible. But with interest rates so low on traditional savings accounts, you're not likely to see that money grow much more than you would if you stuck it in a piggy bank.

But [high-yield savings accounts](https://money.com/what-is-a-high-yield-savings-account/) (HYSAs) offer [annual percentage yields](https://money.com/what-is-an-annual-percentage-yield-apy/) (APYs) that are much higher than traditional savings accounts. Read on for our list of the [banks](https://money.com/best-banks/) and [credit unions](https://money.com/best-credit-unions/) offering the best HYSA rates right now, as well as a guide on how these savings accounts work and how to choose the best one for you.

## How we chose our top picks

Our editors and writers collected the rates on roughly 60 HYSAs from some of the largest and most popular commercial banks, credit unions and online banks. While APY was the main factor we considered, we also assessed factors such as minimum opening balances and fees. The best banks for high-yield savings accounts are listed below in alphabetical order.

Read the full [methodology](#methodology) to learn more.

*\*Rates and APYs are subject to change. All information provided here is accurate as of Aug. 25, 2026.*

## Our top picks for the best banks for high-yield savings accounts

-   [**Axos Bank**](#axos) Axos ONE Savings Account
-   **[Bread Savings](#bread)** High-Yield Savings Account
-   **[BrioDirect](#Brio)** High-Yield Savings
-   **[EverBank](#everbank)** Performance Savings
-   **[Forbright Bank](#forbright)** Growth Savings
-   **[Happen Bank](#happenbank)** LevelUp Savings
-   [**Newtek Bank**](#Newtek) APY Savings
-   **[Openbank](#openbank)** High Yield Savings
-   [**Pibank**](#pibank) Savings
-   **[TAB Bank](#tabbank)** Save High Yield Savings

## Open a High-Yield Savings Account today and start earning interest

### Take advantage of an FDIC insured, High-Yield Savings Account from SoFi®. Click on your state and find out more.

[View Rates](https://money.com/pr/b6d40efa5682?ap_referrer=%2Fbest-high-yield-savings-accounts%2F)

## Axos Bank Axos ONE Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/8770/large_7622d591-2ee6-4691-ad6e-602776940e14.png)

[SEE DETAILS](https://money.com/pr/j9dd2f36f62f?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

4.21% on balances up to $249,999.99, 3.50% for balances $250,000 and over

Minimum opening requirement

$250

Minimum balance for advertised APY

Average daily balance of at least $1,500 in an Axos ONE checking account

[Axos Bank](https://money.com/pr/k36d0c04d5a4?data-trk-company=axos-bank-high-yield-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=k36d0c04d5a4&encoded_id=)'s Axos ONE savings account offers a highly competitive APY on the first $249,999.99, with a still-competitive APY for additional balances above that figure. Customers have access to a fee-free ATM network that includes more than 95,000 locations.

The account does carry a higher-than-average minimum deposit requirement of $250, but there are no monthly maintenance fees, no minimum balance requirements and no overdraft fees. In order to unlock the highest available APY for the savings account, customers must satisfy one of two options: (1) Receive at least $1,500 in total monthly qualifying direct deposits and maintain an average daily balance of at least $1,500 in an Axos ONE checking account, or (2) receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of at least $5,000 in an Axos ONE checking account.

## Bread Savings High-Yield Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/29667/large_ef6c5d5e-dd81-42e9-8391-c0997abd8593.png)

[See Details](https://money.com/pr/i04ba228b985?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

3.95%

Minimum opening requirement

$100

Minimum balance for advertised APY

$100

With [Bread Savings](https://money.com/pr/q2c5a62401e7?data-trk-company=bread-savings-hysa&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=q2c5a62401e7&encoded_id=), you can earn a highly competitive APY on a wide range of balances with a $100 minimum deposit on up to a balance of $1 million. While there are no physical branches for this online-only bank, you can get customer service by phone seven days of the week.

There are no ATM or debit cards, but Bread Savings' high-yield accounts do not charge monthly maintenance fees and feature free incoming wire transfers and unlimited mobile check deposits. There is a $5 for paper statements, but online statements are available for download at no cost.

## BrioDirect High-Yield Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/22290/large_d8ca50ba-23ae-4131-afae-0a76f4a697fa.png)

[See Details](https://money.com/pr/r473e5482c18?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

3.75%

Minimum opening requirement

$5,000

Minimum balance for advertised APY

$25

[BrioDirect](https://money.com/pr/j5388c8b0df8?data-trk-company=briodirect-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=j5388c8b0df8&encoded_id=) offers one of the highest-earning HYSAs on our list with a minimum deposit of $5,000 and a minimum balance of $25 to earn the top APY. The account, which is offered by a brand from the longstanding, Connecticut-based Webster Bank, is an ideal instrument for making the most of your savings. Its high-yield savings account boasts a strong APY and no monthly maintenance fees. Additionally, there are no limits on how many withdrawals you can make.

You can fund your account via transfer from an external bank; BrioDirect allows customers to link up to five accounts at one time. One big change since last year is that the online bank now offers mobile check deposits via its app. While there are no physical branches for in-person deposits, BrioDirect accepts checks for deposit by mail, as well as wire transfers.

## EverBank Performance Savings

![](https://s3.consumersadvocate.org/prd/image/image/29427/large_def7750d-fe5a-4a8c-9c33-564b22408765.webp)

[See Details](https://money.com/pr/o8695c2db7d3?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

3.90%

Minimum opening requirement

$0

Minimum balance for advertised APY

$0

[EverBank's](https://money.com/pr/wfdc8febd838?data-trk-company=tiaa-bank&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=wfdc8febd838&encoded_id=) Performance Savings account doesn't offer one of the highest APYs on our list of Best Banks for High-Yield Savings Accounts, but the APY for its HYSA is still strong and will handily outperform those offered by traditional savings accounts. The account doesn't require a minimum balance, doesn't charge monthly maintenance fees and interest is compounded daily.

Unlike many of our top picks, EverBank does have brick-and-mortar branches, although they are only in Florida, California and New York. Unlike some online banks that offer customer service seven days a week, EverBank doesn’t have service hours on Sundays, and its Performance Savings account is only available online or via phone.

## Forbright Bank Growth Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/37748/large_4587a25d-7721-45a1-a406-fe000230b38b.webp)

[See Details](https://money.com/pr/j7bd4c5e8415?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

3.85%

Minimum opening requirement

$0

Minimum balance for advertised APY

$0

[Forbright Bank's Growth Savings](https://money.com/pr/pf892b225862?data-trk-company=forbright-bank-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=pf892b225862&encoded_id=) account offers a highly competitive APY on all balances that is nine times the national average savings rate. It doesn't require a minimum opening deposit or a minimum balance requirement. The account also doesn't charge monthly maintenance fees, has no hidden fees and interest is compounded daily.

If you're looking for human interaction, however, you’ll want to look elsewhere. While Forbright has branches in Maryland and Virginia, the HYSA is a digital-only product.

## Happen Bank LevelUp Savings

![](https://s3.consumersadvocate.org/prd/image/image/39758/large_01965b39-eed1-468a-8adb-53de6dd37a95.webp)

[See Details](https://money.com/pr/i0b7c86a7191?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

4.00%

Minimum opening requirement

$0

Minimum balance for advertised APY

$0

[Happen Bank](https://money.com/pr/d929a682ea1e?data-trk-company=lendingclub-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=d929a682ea1e&encoded_id=), formerly LendingClub, may be best known for its personal loan offerings, but it also offers a highly competitive APY for its HYSA product. However, that advertised APY is only applicable if you meet the requirement of depositing at least $250 per month into your LevelUp Savings account. The account doesn't charge monthly maintenance fees, nor does it require a minimum opening deposit or a minimum account balance.

The bank still offers a competitive standard APY if you're unable to meet the $250 monthly deposit requirement. However, that APY is not among the best HYSA rates available today. On the plus side, the account comes with a free ATM card.

## Newtek Bank Personal High-Yield Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/22329/large_05e030e7-9850-4ec7-999a-20d11bd4e35f.png)

[See Details](https://money.com/pr/h31b619e6f92?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

4.20%

Minimum opening requirement

$100

Minimum balance for advertised APY

$0

[Newtek Bank](https://money.com/pr/qdbcf2f7c81c?data-trk-company=newtek-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=qdbcf2f7c81c&encoded_id=) may focus on business banking, but it also has an HYSA that offers a very competitive APY. Additionally, the bank doesn't have minimum opening or minimum balance requirements, and the account provides interest at a rate 11 times the national average.

The federal government no longer requires banks to limit withdrawals from savings accounts to six per month, but some banks still do. Newtek is one of them. Plus, you cannot withdraw to multiple other banking or investment accounts; you can only withdraw to the original funding source. So overall, the withdrawal options are limited.

One caveat to note: as of mid-2026, Newtek has paused new applications for the account amid strong demand and moved to a waitlist, onboarding customers in batches. If you're interested, you'll likely need to join the waitlist and wait for an email when new slots open rather than opening an account on the spot.

## Openbank High-Yield Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/35395/large_d0abb721-c8cd-421a-81bc-c518c618b64d.webp)

[See Details](https://money.com/pr/b2bb199ca1c7?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

3.80%

Minimum opening requirement

$500

Minimum balance for advertised APY

$500

[Openbank](https://money.com/pr/wa5c5532f145?data-trk-company=openbank-high-yield-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=wa5c5532f145&encoded_id=) currently offers an APY that is nine times the national average. That applies to all balance tiers with its HYSAs, and the accounts are fee-free. While you will need to open the account with at least $500, the bank claims on its website that you can get started in just five minutes.

As an online brand of Santander Bank, customers will not be able to visit a physical branch. However, Openbank does have a "click-to-call" feature for when you need to speak to a human. There are no debit cards or checks available with this account.

## Pibank Savings

![](https://s3.consumersadvocate.org/prd/image/image/38564/large_434d9d3f-3426-45aa-a230-b00c5c9d1247.webp)

[SEE DETAILS](https://money.com/pr/o4a1d4e9a3f4?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

4.10%

Minimum opening requirement

$0

Minimum balance for advertised APY

$1

[Pibank](https://money.com/pr/ncb7ad507eb2?data-trk-company=pibank-savings-accounts-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=ncb7ad507eb2&encoded_id=) stands out for its high-yield savings that offers a top-tier APY that applies to customers' entire balances. There is no minimum opening requirement and no fees, and the account can be accessed anywhere via a mobile app.

Despite its stand-out APY offering, Pibank's savings account is wire-transfer only — it does not support ACH or Zelle. But that is a convenience tradeoff for those looking for one of the most competitive APYs on the market today.

## TAB Bank Save High-Yield Savings Account

![](https://s3.consumersadvocate.org/prd/image/image/29426/large_f84546fe-26a1-4a4e-b0f6-79140848cf35.png)

[See Details](https://money.com/pr/j48267c2b6da?ap_referrer=%2Fbest-high-yield-savings-accounts%2F&url=)

### HIGHLIGHTS

APY

3.61%

Minimum opening requirement

$0

Minimum balance for advertised APY

$0.01

[TAB Bank](https://money.com/pr/efa491de9985?data-trk-company=tab-bank-business-savings-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=efa491de9985&encoded_id=) offers a HYSA with an attractive APY that is nine times the national average. There is no minimum opening requirement and the minimum balance to receive the advertised APY is just 1 cent. The account doesn't charge monthly maintenance fees and there are no balance caps.

If you’re looking for a bank that offers both a savings and checking account, TAB may be a good option for that, too, since its TAB Spend Rewards Checking account is interest-bearing and also doesn't charge maintenance fees. The bank offers limited customer service hours on weekends, with service only available 9 a.m. to 3 p.m Mountain Time Saturday and not at all on Sunday.

* * *

## Give your savings more room to grow

### Start making more of the money you save with a High-Yield Savings Account. With a higher-than-average yield, you can put your savings to work while staying focused on the goals ahead. Click below to get started today.

[SEE OFFER](https://money.com/pr/a9b6735c5b25?ap_referrer=%2Fbest-high-yield-savings-accounts%2F)

## Other HYSAs we considered

We assessed many HYSAs that ultimately did not make our list. Below are several companies that were not named on our list but have attractive APYs and may be a fit depending on your needs.

### SoFi

[SoFi’s HYSA](https://money.com/pr/o3a4f32fe650?data-trk-company=sofi-savings-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=o3a4f32fe650&encoded_id=) has a competitive rate up to 3.80% APY for up to 6 months with its +0.70% Boost⁸ on Savings APY on new accounts with eligible Direct Deposit. There is no monthly maintenance fee or minimum balance. The online bank offers a hybrid savings and checking account option, so when you open a SoFi savings account, it will automatically open a checking account in your name. SoFi’s account is a solid option for savers, but its advertised APY is only good for up to six months, which then reverts to 3.10% APY.

***⁸0.70% Savings APY Boost***  
*Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% APY Boost (added to the 3.10% APY as of May 28, 2026) for up to six months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by Dec. 31, 2026. Rates are variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.*

### Bask Bank

[Bask Bank](https://money.com/pr/j9f1f6229b7f?data-trk-company=bask-bank-savings-account-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=j9f1f6229b7f&encoded_id=) offers an HYSA with a competitive APY and no minimum balance requirement or monthly fees. There’s also no minimum to open the account, though you’ll need to fund the account within 15 days or it will be closed. The APY on its Interest Savings account is below the winners on this list.

### CIT Bank

[CIT Bank's Platinum Savings](https://money.com/pr/t28e2dc5f1c8?data-trk-company=cit-bank-platinum-hysa&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=t28e2dc5f1c8&encoded_id=) account has no monthly maintenance fee and strong — albeit not among the best — APY for its HYSA. However, that APY only applies to balances of at least $5,000. Balances below that earn a significantly lower amount.

## Best HYSA rates FAQs

### What is a high-yield savings account?

A HYSA is a type of savings account that offers higher interest on your cash than its traditional counterparts.

### Which banks offer the best high-yield savings accounts?

Money's analysis indicates that the banks offering the best high-yield savings accounts include Axos Bank, Bread Savings, BrioDirect, EverBank, Forbright Bank, Happen Bank, Newtek Bank, Openbank, Pibank and TAB Bank.

### Are high-yield savings accounts safe?

HYSA banks insured by the Federal Deposit Insurance Corporation and credit unions insured by the National Credit Union Administration protect your money up to $250,000 per depositor per ownership category should the financial firm collapse.

### What is a good APY for a high-yield savings account?

The best APYs for high-yield savings accounts are generally higher than the Federal Reserve’s benchmark effective federal funds rate (EFFR). According to the Federal Reserve Bank of St. Louis, the EFFR is 3.63% as of Aug. 25.

### Which banks offer the highest HYSA interest rates?

The highest HYSA rates are typically offered by online banks and credit unions, which have lower overhead costs than traditional brick-and-mortar banks with branch networks. That allows them to pass on those savings to customers in the form of higher APYs.

## How we chose the best banks for high-yield savings accounts

To find the best HYSAs, we collected rates from around 60 of the largest and most popular banks, credit unions and online banks. We not only compared the advertised APY but also how much of your balance that APY would apply to. For example, there were some institutions with APYs higher than what we included on our list, but that only applied that yield to the first $1,000. We also excluded some credit unions with limited eligibility. We only included HYSAs that came with no monthly maintenance fees.

While APYs were our main focus, we also collected information on the accounts’ minimum opening deposits, minimum balances required to earn the advertised APY and fees. All of the banks we included are FDIC-insured. To identify the best high-yield savings accounts, we evaluated more than 50 banks, credit unions, online banks and other financial institutions.

You can read our full methodology for Money's Best Banks in America by [clicking here](https://money.com/best-banks/methodology/).

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