--- title: 9 Best Savings Accounts of September 2026 description: Money's best savings accounts of 2026 include Bread, Barclays, Capital One, SoFi and Synchrony Bank among others. authors: - name: Jhoni Jackson role: Writer url: https://money.com/author/jhoni-jackson/ bio: Jhoni Jackson is a former lead staff writer at Money, specializing in banking and high-yield savings accounts, with a focus on empowering readers to make informed financial decisions. education: Georgia State University at_money_since: 2022 articles: 30 covers: - Banking - Business - Credit - Health and Wellness - Housing - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Taxes social: - https://www.linkedin.com/in/jhonijackson/ former_staff: true 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: - Banking - Credit - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Investing - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - Weiss Ratings - 24/7 Wall Street - Better Investing - Yahoo Finance - Nasdaq - Investing.com - Marketbeat - MSN Money social: - https://www.linkedin.com/in/jordan-chussler-b3597811/ updaters: - name: Aly J. Yale role: Contributing Writer url: https://money.com/author/aly-j-yale/ bio: Aly J. Yale is a contributing writer focusing on real estate, mortgage and the housing market. Her work has been featured in the Wall Street Journal, Business Insider, Yahoo Finance, CBS and US News & World Report. She served as an editor and reporter for The Dallas Morning News. Aly graduated from Texas Christian University’s Bob Schieffer School of Communication with a major in radio-TV-film and news-editorial journalism. education: Texas Christian University at_money_since: 2020 articles: 98 covers: - Banking - Business - Career Advice - Credit - Housing - Identity Theft - Insurance - Loans - Mortgages - Personal Finance - Professional Services - Retirement also_seen_in: - The Wall Street Journal - Business Insider - Yahoo Finance - US News & World Report - CBS social: - https://twitter.com/AlyJwriter - https://www.linkedin.com/in/alyjyale/ published: '2026-08-31T15:06:05.000Z' modified: '2026-08-31T15:06:05.000Z' section: Banking word_count: 2075 canonical: https://money.com/best-savings-accounts/ type: Article source: structured-blocks --- > **Disclosure:** We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![9 Best Savings Accounts of September 2026](https://img.money.com/2023/12/Best-Savings-Account.jpg?quality=85&w=1012&h=569&crop=1) ## Our Partners ![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/4a41675e04bf?ap_referrer=%2Fbest-savings-accounts%2F&bidid=4018126248&ptid=660841044&ptoken=b79c0261af4de3a658e69ff939194d3c&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/4fd318250323?ap_referrer=%2Fbest-savings-accounts%2F&bidid=4018126246&ptid=660841044&ptoken=88665f979af3c56072c7eed9f5a3e51c&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/c75e8e11270d?ap_referrer=%2Fbest-savings-accounts%2F&bidid=4018126250&ptid=660841044&ptoken=0e5d44242f3bee4715aaec1a78f85bea&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/bad2d201dc7a?ap_referrer=%2Fbest-savings-accounts%2F&bidid=4018126251&ptid=660841044&ptoken=f41c6b8466a4e4490f9217db3f78c3f7&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 **\[AFFILIATE LINK: View Openbank Offer\]** ## Key Takeaways: Best Savings Accounts - We found a wealth of high-rate traditional savings accounts. Many financial institutions offer interest rates between 2.50% and 4.15% — up to10 times more than the national average of 0.38% as reported by the Federal Deposit Insurance Corporation (FDIC) in July 2026. - CIT Bank offers a strong APY of 4.10% for balances of $5K and up, while Capital One's Kids Savings Account allows guardians to link to their own Capital One account for monitoring. - CIT Bank offers a strong APY of 3.75% for balances of $5K and up, while Capital One's Kids and Teens Savings Accounts allows guardians to link to their own Capital One account for monitoring. - Our methodology for selecting the best savings account is based on several key points, including account fees, access to funds, APY, customer service, financial standing, fraud protection, minimum deposit requirements, privacy, security, transparency and more. The best savings accounts offer high annual percentage yields (APYs), have low minimum balance requirements and charge few to no fees. Financial institutions should also offer reliable and widely accessible customer service. The products on our list offer annual percentage yields of up to 4.15%. Read on to see our picks for the best savings accounts for September 2026. ### Why Trust Us? Our editors and writers review savings products of all kinds, including traditional savings accounts and high-yield savings accounts. Read our [full methodology](#methodology) to learn more. - We analyze 50+ banks, credit unions, online banks and fintech companies. - We use 12 evaluation points, including APY, account fees, customer satisfaction, privacy and security, in our savings account reviews. - Thousands of hours of cumulative research is involved. - All financial institutions on our list are FDIC- or NCUA-insured. ## Our Top Picks for the 9 Best Savings Accounts of September 2026 The companies listed below are organized alphabetically: - **[Ally](#ally):** Best Digital Savings Tools (3% APY) - **[Barclays](#barclays):** Best Savings Account to Pair With a Certificate of Deposit (CD) (3.50% to 3.65%) - **[Bread](#bread):** Best No-Frills Savings Account (3.95% APY) - **[Capital One](#capital):** Best Savings Account for Kids and Teens (3% APY) - **[CIT Bank](#cit):** Best Savings Account for $5,000 and Up (4.10% APY) - **[Marcus by Goldman Sachs](#marcus):** Best Online Savings Account Option (3.4% APY) - **[Raisin](#raisin):** Best Savings Account Marketplace (4.15% APY) - **[SoFi](#SoFi):** Best Savings and Checking Account Combination (Up to 3.8% APY) - **[Synchrony Bank](#sychrony):** Best Savings Account with an ATM Card (3.3% APY) *\*Rates and APYs are subject to change. All information provided here is accurate as of Aug. 26, 2026.* ## 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-savings-accounts%2F) ## Best Savings Account Reviews ## Best Digital Savings Tools: Ally ![](https://s3.consumersadvocate.org/prd/image/image/7436/large_ad73ce2a-f481-474c-8467-e5f498ff9498.png) [See Offer](https://money.com/pr/ib20021492ee?ap_referrer=%2Fbest-savings-accounts%2F) **Pros** - Savings "buckets" make it easy to visualize and keep track of savings goals - “Surprise Savings” tool to help you identify potential savings opportunities - 24/7 customer support, no minimum deposit required, and mobile check deposit available - No fees for maintenance, overdrafts, incoming wires or cashier’s checks - No. 2 in customer satisfaction among HYSA providers **Cons** - No ATM access for online savings account (you can still use ATMs without a fee) - No brick and mortar locations - Withdrawals are limited to 10 per statement cycle - Very low Trustpilot ratings - CFPB complaints are trending upward ### HIGHLIGHTS APY 3% Minimum opening deposit None Other fees Expedited delivery $15 / Outgoing domestic wires $20 **Why we chose it:** [Ally Bank](https://money.com/pr/rd6ec80e9e3e?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) offers innovative savings tools, such as “buckets” and “boosters,” which are integrated into its mobile app. Ally Bank’s online savings account not only offers a competitive APY, but also stands out with its smart saving tools. Saving buckets allow savers to divide their savings into up to 10 different categories. Additionally, Ally Bank offers automated savings tools called boosters that feature: - **Recurring transfers:** Schedule recurring transfers from your checking account. - **Round ups:** Ally automatically rounds up eligible transactions to the nearest dollar, then automatically transfers these amounts to your savings in increments of $5 or more. - **Surprise savings:** Ally analyzes your checking account monthly for funds it considers "safe to save" and automatically transfers them to your savings account. You can opt in or out of these automated boosters at any time. ## Best Savings Account to Pair with a Certificate of Deposit (CD): Barclays ![](https://s3.consumersadvocate.org/prd/image/image/7510/large_8a6feaaf-bb2a-4668-a20d-603241767f86.png) [See Offer](https://money.com/pr/bf901327f207?ap_referrer=%2Fbest-savings-accounts%2F&url=) **Pros** - No monthly fees on savings or CD accounts - Competitive APYs on CDs with a variety of term lengths - No minimum deposit requirement for savings or CDs - Above-average customer satisfaction among HYSA providers - Up to $200 cash bonus **Cons** - No ATM access - Low BBB reviews - Must have a balance of $250k to get highest rates ### HIGHLIGHTS APY 3.50 to 3.65% Minimum opening deposit None Other fees No monthly maintenance fees / No limit to the number of withdrawals and transfers **Why we chose it:** Barclays offers competitive rates for its savings account and [certificates of deposit](https://money.com/best-cd-rates/) (CDs). [Barclays Online Savings](https://money.com/pr/c6bcb63fc795?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) offers a strong APY, and the online bank offers an even higher APY (up to 4.15%) on its CDs. Its CDs come with terms of either 6, 9, 12, 18, 24, 36, 48 or 60 months. If you’re looking to incorporate a CD alongside your savings account, Barclays is a solid choice. * * * ## Best No-Frills Savings Account: Bread Savings ![](https://s3.consumersadvocate.org/prd/image/image/16477/large_c03997d4-4a9a-439a-9b9a-7a4cde385c90.png) [See Offer](https://money.com/pr/ie5d541c2667?ap_referrer=%2Fbest-savings-accounts%2F) **Pros** - No monthly maintenance fee - Mobile check deposit - Wide variety of CD terms available - Unlimited transfers to external accounts - Highly rated mobile apps **Cons** - Required $100 opening deposit may be too high for some customers - No ATM card available - $1,500 minimum required for CDs ### HIGHLIGHTS APY 3.95% Minimum opening deposit $100 Other fees $25 per outgoing wire transfer / $15 per official check request / $5 per paper statement request **Why we chose it:** Bread Savings has one of the highest APYs on our list. The online bank charges no fees, has a mobile check deposit option and allows unlimited transfers. [Bread Financial](https://money.com/pr/nc660c41986c?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) offers a high-yield savings account with a strong APY, which requires a minimum opening deposit of $100. You can fund your account through electronic transfers or mobile check deposits in the Bread Financial app. After funding, Bread Savings has no ongoing minimum balance requirement or monthly fees. The bank also doesn't charge overdraft fees, and there are no restrictions on the number of transfers to external bank accounts. The bank also has a wide variety of CD terms you can pair with your account, though you’ll need at least $1,500 to open one. * * * ## Best Savings Account for Kids and Teens: Capital One ![](https://s3.consumersadvocate.org/prd/image/image/19942/large_016511f7-873d-4a27-ac19-7f4058499bd6.png) [See Offer](https://money.com/pr/x7fb0a2f3e96?ap_referrer=%2Fbest-savings-accounts%2F) **Pros** - No minimum required deposit, no account maintenance fees, no excess withdrawal fees - Offers automatic savings rules to help your child save more - Offers automatic savings rules to help your child save more - Can create separate multiple accounts for separate savings goals - Above-average customer satisfaction among HYSA providers **Cons** - No ATM card - APY is lower than other companies we evaluated ### HIGHLIGHTS APY 3% Minimum opening deposit None Other fees No monthly or maintenance fees **Why we chose it**: [Capital One](https://money.com/pr/u91741f18ec3?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) offers a custodial savings account with no monthly fees, no minimum deposit and a competitive APY. Parents and guardians can link this account to their own to help manage finances. While best known for its credit cards, Capital One offers multiple savings products, including its Kids Savings Account. Parents and guardians with children of any age can open this free account, which also has no minimum balance requirement, to help them learn personal finance basics without the risk of extra charges. The savings account can be paired with a fee-free Teen Checking Account, which comes with a debit card that guardians can lock or unlock at any time. Parents and guardians can set up automated deposits from this account as well as transfers from their own accounts, and oversee all of their Capital One accounts via the mobile app. While the APY on the Kids Savings Account is lower than what’s offered by other financial institutions on our list, it remains a helpful tool for youth to learn how to manage money while under adult supervision. And if you need your own savings account, the bank's 360 Performance Savings is a popular choice and currently offers a 3.00% APY. * * * ## Best Savings Account for $5,000 and Up: CIT Bank ![](https://s3.consumersadvocate.org/prd/image/image/11375/large_b82cdb6b-2235-4b15-842f-b2215fd388b6.png) [See Offer](https://money.com/pr/ocbf6ad5536b?ap_referrer=%2Fbest-savings-accounts%2F) **Pros** - High APY for accounts funded with $5,000 or more - No balance cap on highest available APY, and no limit on transfers to external bank accounts - No opening, maintenance or overdraft fees - Mobile check deposit via CIT Bank app - Highly rated mobile apps **Cons** - No ATM card for withdrawals - Must maintain balance of $5,000 or more to earn highest APY - Low Trustpilot ratings ### HIGHLIGHTS APY 4.10% (Platinum Savings) Minimum opening deposit $5,000 for highest APY, $100 otherwise Other fees $10 outgoing wire transfer fee for accounts with less than $25,000 **Why we chose it:** [CIT Bank](https://money.com/pr/z7bf7534c63c?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) offers 4.10% APY on balances of $5,000 and up for the first six months (and 3.75% thereafter). CIT Bank charges no monthly or overdraft fees and has no limits on how many transfers you can make out of your Platinum Savings account. A $100 deposit is required to open the account. Note that while there is no ongoing minimum balance requirement, only balances of $5,000 and up earn the highest available APY. CIT Bank also offers the Savings Connect account, which has a slightly lower APY (currently 3.65%). That also requires only $100 to open and there is no minimum to get the highest APY. Like Platinum Savings, this account also features no monthly fees and no overdraft charges. ###### For a complete list of account details and fees, see CIT's [Personal Account disclosures](https://www.cit.com/cit-bank/resources/forms). ###### \*Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. \*APYs — Annual Percentage Yields are accurate as of Aug. 10, 2026: 0.60% APY on balances of $0.01 to $4,999.99; 4.10% APY on balances of $5,000.00 or more (including the bank’s current six-month rate booster promotion). Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100. \*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 Aug. 10, 2026. * * * ## Best Online Savings Account Option: Marcus by Goldman Sachs ![](https://s3.consumersadvocate.org/prd/image/image/8828/large_6a5eff64-9b39-4f57-a02e-80e33fc16f53.png) [See Offer](https://money.com/pr/u299390a7462?ap_referrer=%2Fbest-savings-accounts%2F&url=) **Pros** - Same-day transfers of up to $100,000 (inbound and outbound) - No monthly fees, no wire transfer fees and no minimum deposit requirement - 24/7 customer service - No. 1 in customer satisfaction for HYSA providers - Highly rated mobile apps **Cons** - No ATM access for savings account - No mobile check deposits ### HIGHLIGHTS APY 3.4% Minimum opening deposit None Other fees None **Why we chose it:** [Marcus by Goldman Sachs](https://money.com/pr/f87c4dc66507?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) is our choice for the best online savings account due to its solid APY, fast transfers and low fees Marcus by Goldman Sachs offers a solid savings account: no fees, competitive APY and no minimum opening deposit requirement. You can also transfer funds both in and out of the account — up to $100,000 — on the same day. There's even a "transfer tracker" to help you monitor the status and timing of any transfers. * * * ## Best Savings Account Marketplace: Raisin ![](https://s3.consumersadvocate.org/prd/image/image/19844/large_d413273e-7969-4bea-98bb-d6bf4b9b8a9e.png) [See Offer](https://money.com/pr/rd838633c273?ap_referrer=%2Fbest-savings-accounts%2F) **Pros** - Compare savings accounts from over 10 different credit unions and banks - No monthly fees on any accounts offered so long as you satisfy account requirements - You can add additional savings products to your Raisin account to get the most out of your funds - Up to $1,200 bonus for new summer 2026 customers - Very high Trustpilot ratings **Cons** - Must register with Raisin for access to all savings products - Account requirements (e.g., minimum opening deposit) and features vary widely across financial institutions ### HIGHLIGHTS APY Up to 4.15% Minimum opening deposit $1 Other fees Varies by bank **Why we chose it:** [Raisin](https://money.com/pr/r0dd6bae00c9?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) partners with over 100 financial institutions to offer a variety of savings products with competitive APYs. Raisin is an online marketplace where you can comparison-shop for high-yield savings accounts and CDs from 100+ member FDIC or NCUA national banks, online-only banks and credit unions, including Liberty Savings Bank, EverBank, Quontic Bank, Sallie Mae and Western Alliance Bank. You can search for accounts based on specific characteristics (e.g., credit union, minority-led, charitable companies, digital first) as well as APY and the amount you plan to deposit. Furthermore, once you've signed up, you can add additional accounts from other partner banks and manage them all at once through your Raisin account. It's also worth mentioning that Raisin comes highly rated by customers. The site has 4.4 out of 5 stars on Trustpilot, based on nearly 13,000 reviews. * * * ## Best Savings and Checking Account Combination: SoFi ![](https://s3.consumersadvocate.org/prd/image/image/19227/large_5c3a0d96-3da5-45d8-8e99-d58f043e9433.png) [See Offer](https://money.com/pr/q45e96d4a6ad?ap_referrer=%2Fbest-savings-accounts%2F&url=) **Pros** - Signup bonus of up to $400 - Multiple savings tools, including Vaults for individual savings goals - Get paid up to two days early with direct deposit to checking account - Checking account also earns interest - Above-average customer satisfaction among HYSA providers **Cons** - Must set up direct deposit to SoFi checking account to qualify for highest APY and signup bonus ### HIGHLIGHTS APY Up to 3.8% (with qualifying boost of 0.70% for the first six months) Minimum opening deposit None Other fees None **Why we chose it:** [SoFi](https://money.com/pr/o3a4f32fe650?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F)® offers a strong savings APY and cash back on debit card purchases, plus a signup bonus of up to $400. If you meet certain direct deposit requirements, you can earn up to 3.8% APY for the first six months. SoFi is an ideal choice for people looking to host their savings and checking accounts within the same bank. Its savings account offers a competitive APY and several savings tools, including automated round-ups. (SoFi automatically rounds up your debit card purchases to the nearest dollar and deposits the change into your savings account.) Furthermore, new SoFi customers can receive up to $400 as a sign-up bonus. To get the full amount, you must receive direct deposits totaling at least $5,000 during the qualifying period, which starts the day you receive your first direct deposit and ends 25 days later. Direct deposits of at least $1,000 but less than $5,000 qualify for a $50 bonus. * * * ## Best Savings Account with an ATM Card: Synchrony Bank ![](https://s3.consumersadvocate.org/prd/image/image/19184/large_57633ac8-3b56-453c-81b0-833446f76b4a.png) [See Offer](https://money.com/pr/gf7dcb9e00ca?ap_referrer=%2Fbest-savings-accounts%2F&url=) **Pros** - Includes debit card for ATM withdrawals and purchases - No monthly limit on number of ATM transactions - No minimum deposit, minimum balance or monthly fees - Virtual savings goal calculator - Numerous CD options available **Cons** - Only $5 in ATM fee reimbursements per statement cycle - $1,000 daily ATM withdrawal limit - $500 daily point-of-sale transaction limit - Limit of six transfers to external accounts per month - Below-average customer satisfaction among HYSA providers - $25 wire transfer fee ### HIGHLIGHTS APY 3.3% Minimum opening deposit None Other fees Surcharges from out-of-network ATMs (refunded up to $5 per month), $25 outgoing wire transfer fee **Why we chose it:** [Synchrony Bank](https://money.com/pr/b9351542db63?ap_referrer=https%253A%252F%252Fmoney.com%252Fbest-savings-accounts%252F) is one of the few banks that includes an ATM card with its online savings account. You can use your Synchrony ATM withdrawals for free at in-network ATMs (Plus or Accel) or for a fee at out-of-network ATMs. You may also be able to use your ATM card fee-free at businesses that accept PIN-based ATM cards. Note that Synchrony only reimburses up to $5 in ATM fees per statement cycle. Additionally, there is a limit of $1,000 in ATM withdrawals per day. * * * ## 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-savings-accounts%2F) ## How to choose a savings account The most important factor when choosing a savings account should be a high APY. This ensures that your savings get a small monthly boost. However, the best savings accounts also include features such as: - No monthly fees - No minimum balance requirements - No overdraft fees - Easy account management, including online transfers in and out of your account - Mobile banking app with mobile check deposit - No limit on how many withdrawals you can make per cycle - Access to funds via ATM withdrawal with no ATM fees (or unlimited reimbursements) - 24/7 customer service - Strong customer ratings * * * ## How does APY work? Annual percentage yield (APY) works by compounding interest. The APY shows the total amount of interest you will earn, including both the principal (the funds you deposit) and the interest earned on those funds. For example: You deposit $1,000 into a savings account with a 5.02% interest rate and 5.15% APY. The interest rate is the amount you earn on the principal ($1,000). However, the APY reflects compound interest, which includes the principal amount plus the interest earned. We’ll use daily compounding interest in this scenario, because that’s what most savings accounts offer (rather than monthly compounding interest). With an APY of 5.15%, in 12 months — assuming you don’t withdraw or add any funds — you earn a total of $51.48 in interest. At this point, your savings account balance will be $1,051.48. It's important to note that APYs are variable and can rise or fall depending on market conditions. Keep an eye out for changes to ensure you’re getting the best possible return on your funds. * * * ## Savings Accounts FAQs ### Which bank has the best savings account? The best savings account depends on your financial needs. If you’re looking for an account with digital savings tools, Ally is your best bet. For a kids savings account, look to Capital One. And for an account that pairs well with a certificate of deposit, consider Barclays. All three ranked in Money’s list of the best savings accounts for 2026. ### What account fees should you avoid with savings accounts? Accounts fees you should avoid with savings accounts include monthly maintenance fees and minimum balance fees. Most financial institutions do not charge these fees. If yours does, consider looking for a new account. ### How does a savings account work? A savings account works as follows: You deposit funds and those funds earn interest at a rate determined by the financial institution in question. Interest may be calculated daily, weekly or monthly, although daily is most common. Banks typically credit this interest once per month. ### How much interest does a savings account earn? The interest you earn with a savings account varies by financial institution. Some savings accounts are offering low annual percentage yields, while others are on par with the rates of high-yield savings accounts. ### Can I open a savings account for my child? Yes, opening a savings account for a child is as simple as opening one for an adult. In addition to requirements listed above, the other information you'll need to provide is your child's. A savings account not only provides funds for your child, but can also help them learn the basics of personal finance. ### Which bank offers 7% interest on savings accounts? No banks are offering 7% interest rates on savings accounts these days. The current national average rate on a savings account is 0.38%, according to the Federal Deposit Insurance Corporation. Some banks offer high-yield savings accounts with rates that go up to 4.15.% ## How we chose the best savings accounts Our methodology for selecting the best savings account is based on several key points, including: - **Access to funds:** We considered access to funds in analyzing savings accounts to provide detailed information about how (and how often) customers can make withdrawals. - **Account fees:** We searched for savings accounts with zero monthly fees. - **Annual percentage yield (APY):** We reviewed accounts for consistently strong APYs. - **Customer service:** Financial institutions must have a strong reputation for excellent customer service. We analyzed customer feedback across multiple third-party review sites, as well as J.D. Power’s 2023 Direct Banking Satisfaction Survey. - **Financial standing:** Your financial institution should have a good financial rating from a reputable credit rating agency. We analyzed reports from S&P Global Ratings, Moody’s and Fitch Group. - **Fraud protection:** We looked for financial institutions that offer assistance with fraud identification, including tips for spotting identity theft and financial scams. We also analyzed fraud protection policies for guarantees that customers will not be held liable for unauthorized transactions. - **Minimum deposit requirement:** We considered accounts with minimum deposit requirements and included them only when they offered benefits to account holders. - **Member FDIC or NCUA**: We require that all financial institutions on our list are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), which guarantees deposits up to $250,000 per depositor, per ownership category, per FDIC-insured institution. - **Mobile app:** We assessed ease of use and ratings for each financial institution's mobile app. - **Privacy:** Financial companies often share your personal information to help you use their products effectively. Details about information sharing should be clearly stated in a financial institution’s privacy policy. However, customers should be given the option to opt out of sharing their personal information with third parties, as required by federal law. - **Security:** We analyzed banking site and mobile app security measures, such as end-to-end data encryption, multi-factor authentication and biometric login options. - **Transparency:** Financial institutions should be upfront about fees, interest rates and other terms. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/best-savings-accounts/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Banking", "item": "https://money.com/banking/" }, { "@type": "ListItem", "position": 3, "name": "Savings Accounts", "item": "https://money.com/savings-accounts/" }, { "@type": "ListItem", "position": 4, "name": "9 Best Savings Accounts of September 2026" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/best-savings-accounts/#webpage", "url": "https://money.com/best-savings-accounts/", "name": "9 Best Savings Accounts of September 2026", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2026-08-31T15:06:05.000Z", "mainEntity": { "@id": "https://money.com/best-savings-accounts/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/best-savings-accounts/#breadcrumb" }, "dateModified": "2026-08-31T15:06:05.000Z" }, { "@type": "Article", "headline": "9 Best Savings Accounts of September 2026", "articleSection": "Banking", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2023/12/Best-Savings-Account.jpg?quality=85", "width": 2880, "height": 1920 } ], "author": [ { "@type": "Person", "name": "Jhoni Jackson", "url": "https://money.com/author/jhoni-jackson/", "@id": "https://money.com/author/jhoni-jackson/#author", "description": "Jhoni Jackson is a former lead staff writer at Money, specializing in banking and high-yield savings accounts, with a focus on empowering readers to make informed financial decisions.\r\n\r\n", "image": "https://img.money.com/2023/02/money-author-jhoni-jackson.png?w=350&h=430&crop=1", "alumniOf": "Georgia State University", "sameAs": [ "https://www.linkedin.com/in/jhonijackson/" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2026-08-31T15:06:05.000Z", "description": "Money's best savings accounts of 2026 include Bread, Barclays, Capital One, SoFi and Synchrony Bank among others.", "abstract": "Money's best savings accounts of 2026 include Bread, Barclays, Capital One, SoFi and Synchrony Bank among others.", "@id": "https://money.com/best-savings-accounts/", "inLanguage": "en-US", "dateModified": "2026-08-31T15:06:05.000Z", "editor": [ { "@type": "Person", "name": "Jordan Chussler", "url": "https://money.com/author/jordan-chussler/", "@id": "https://money.com/author/jordan-chussler/#author", "description": "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. 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