Where your cash actually grows.
Fintiex tracks HYSA, CD, and money market rates from FDIC-insured banks every day. No teaser rates, no minimum-balance tricks. The best APY in the table is genuinely the best APY available right now.
Rate snapshot
Representative ratesHighest-yield savings accounts right now
All accounts are FDIC-insured. Rates shown are APY. No paid placements, no affiliate priority.
Bask Bank
Interest SavingsTop APYTexas-based online bank with one of the highest APYs and no fees of any kind.
- +No minimum balance and no monthly fees
- +Sister brand of Texas Capital Bank, FDIC-insured
- +Optional American Airlines miles savings account
Bread Savings
High-Yield SavingsRunner-upOnline savings arm of Bread Financial. Consistently near the top of the APY rankings.
- +Long history of holding rates near the market top
- +No monthly fees and unlimited external transfers
- +FDIC-insured through Bread Savings Bank
Synchrony Bank
High Yield SavingsLong-running online savings brand with consistently top-quartile APYs and strong CD ladders.
- +No minimums and no monthly fees
- +Top-tier CD ladder for the cash you can lock up
- +Free ATM card with $5 monthly ATM fee rebate
Marcus
Online SavingsGoldman Sachs Bank USA's online savings. No fees, no minimums, and the cleanest mobile app in the category.
- +Backed by Goldman Sachs Bank USA
- +No fees, no minimums, no gimmicks
- +Same-day transfers to linked external accounts
Ally Bank
Online SavingsOnline-only bank loved for clean apps, no monthly fees, and category-leading customer service.
- +Savings Buckets to organize money into goals
- +Interest-bearing checking, no monthly fees
- +24/7 phone, chat, and email support
SoFi
Checking + SavingsBonus APYApp-first bank with bonus APY when you direct deposit, plus checking and investing in one stack.
- +Up to 4.60% APY with direct deposit setup
- +Joint accounts, vaults, and early paycheck
- +Free use of 55,000+ ATMs nationwide
Discover
Online SavingsFDIC-insured online savings with no fees and 24/7 U.S.-based phone support.
- +U.S.-based customer service, 24/7
- +No fees and no minimum balance
- +Pairs cleanly with Discover cash-back card
CIT Bank
Savings ConnectConsumer-direct savings with tiered APYs and one of the strongest no-penalty CD options on the market.
- +Top-tier no-penalty CD complementing the HYSA
- +Multiple savings buckets in the app
- +FDIC-insured through CIT Bank
American Express
Personal SavingsPersonal savings from American Express. No fees, no minimums, FDIC-insured.
- +Backed by the Amex brand and U.S. customer service
- +Pair with any Amex card for one-app management
- +FDIC-insured through American Express National Bank
LendingClub
LevelUp SavingsHigh-yield savings paired with a checking account that earns interest and refunds ATM fees.
- +LevelUp checking refunds all ATM fees
- +$100 monthly deposit unlocks bonus APY tier
- +FDIC-insured through LendingClub Bank
APY, FDIC, HYSA vs CD. Sorted out.
Three things worth understanding before picking where to park your cash.
APY vs interest rate
The interest rate is the base rate the bank pays. APY (Annual Percentage Yield) compounds that interest over 12 months, showing what you actually earn. A 4.75% rate compounded daily becomes 4.86% APY. Always compare APY, not the nominal rate. All figures in Fintiex rate tables are APY.
FDIC vs NCUA
FDIC (Federal Deposit Insurance Corporation) covers bank deposits up to $250,000 per depositor, per bank. NCUA (National Credit Union Administration) provides equivalent coverage for credit unions. Both are backed by the US government. If you spread money across multiple institutions, you can effectively cover more than $250,000. Verify membership at fdic.gov or ncua.gov before depositing.
HYSA vs CD vs Money Market: how to choose
Use a HYSA for your emergency fund and any cash you might need in the next 3 months. The rate is variable, but your money is always accessible. Use a CD when you can commit cash for a fixed period (3 months to 5 years) and want to lock in a rate, especially before the Fed cuts. CDs usually pay a bit more, but you face an early withdrawal penalty (typically 90 to 180 days of interest) if you pull out early. Money market accounts split the difference: they often come with check-writing privileges and debit cards, with rates between a standard savings account and a HYSA.
Top savings accounts right now.
Savings by account type and location.
Common questions.
Are HYSA accounts safe?
Yes. All accounts in our HYSA table are FDIC-insured (or NCUA-insured for credit unions), which means your deposits are protected up to $250,000 per depositor, per institution. The insurance is backed by the US government.
How is savings interest taxed?
Interest earned in a HYSA or CD is treated as ordinary income and reported on a 1099-INT form each year. It is taxed at your marginal income tax rate, not the lower capital gains rate. Interest in a Roth IRA HYSA or CD grows tax-free.
Can I lose money in a HYSA?
No, as long as your balance stays within FDIC limits. Your principal is guaranteed. The rate itself can change at any time since most HYSAs are variable, but you will never lose the dollars you deposited.
Why do CDs sometimes pay more than HYSAs?
CDs require you to commit your money for a fixed term. In exchange, the bank offers a guaranteed rate for that period. HYSAs are flexible and variable, so banks price them lower. When the yield curve is inverted, short-term CDs can temporarily yield more than long-term ones.
What is a no-penalty CD?
A no-penalty CD lets you withdraw your full balance before the term ends without forfeiting earned interest. Rates are usually slightly lower than standard CDs, but they combine the rate certainty of a CD with the flexibility of a HYSA.
Is an online bank safer than a brick-and-mortar bank?
Safety comes from FDIC insurance, not branch locations. Online banks and brick-and-mortar banks carry the same $250,000 guarantee. Online banks often pay higher rates because their overhead is lower. Check that FDIC membership is current at fdic.gov before opening any account.
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