CALCMONEY // BEST OF
Best High-Yield Savings Accounts of 2026
Five high-yield savings accounts reviewed on APY, fees, minimums, and FDIC coverage. We ran the math on what each account actually earns on a $10,000 balance over 12 months.
Updated April 2026 · Editorial Independence Policy
Best High-Yield Savings Accounts 2026: Quick Comparison
| Bank | APY | Min Balance | Monthly Fee | Best For |
|---|---|---|---|---|
| Marcus by Goldman Sachs | 4.90% | $0 | None | Overall |
| SoFi | 4.60% | $0 | None | Features |
| Ally Bank | 4.50% | $0 | None | No minimums |
| Capital One 360 | 4.25% | $0 | None | Brand recognition |
| Amex HYSA | 4.15% | $0 | None | Existing Amex customers |
APYs are variable and subject to change. Rates as of April 2026.
| Feature | Marcus by Goldman Sachs | SoFi Checking & Savings | Ally Bank Online Savings | Capital One 360 Performance Savings | American Express High Yield Savings |
|---|---|---|---|---|---|
| APY | 4.90% | 4.60% | 4.50% | 4.25% | 4.15% |
| Minimum Balance | $0 | $0 | $0 | $0 | $0 |
| Monthly Fee | $0 | $0 | $0 | $0 | $0 |
| Checking Account | No | Yes | No | No | No |
| FDIC Coverage | $250k | $2M | $250k | $250k | $250k |
| Physical Locations | No | No | No | Limited | No |
| Early Paycheck | No | Yes | No | No | No |
#1 Marcus by Goldman Sachs
Market-leading APY with zero fees and no minimum balance requirement
Pros
- +Consistently one of the highest APYs among national online banks
- +No minimum deposit and no monthly maintenance fees
- +Backed by Goldman Sachs — one of the most recognized names in finance
Cons
- -No checking account or debit card — savings only
- -Transfers can take 1-3 business days to move money out
- -No ATM access or physical branch locations
Marcus by Goldman Sachs earns its top ranking by doing the basics exceptionally well. The 4.90% APY is among the highest available from a nationally chartered bank, and the complete absence of fees means every dollar you deposit works for you. The trade-off is limited functionality — this is a pure savings product with no checking or debit capabilities — but for savers who just want to maximize yield, Marcus is the benchmark.
Open Account#2 SoFi Checking & Savings
High APY bundled with a full-featured checking account and member perks
Pros
- +4.60% APY on savings when you set up direct deposit
- +Bundled checking account with early paycheck access up to 2 days early
- +FDIC coverage up to $2M through SoFi partner bank network
Cons
- -4.60% APY requires direct deposit — drops to 1.20% without it
- -SoFi ecosystem can nudge you toward products you may not need
- -Customer service response times can lag during peak periods
SoFi Checking & Savings is the best choice if you want a high-yield savings account and a checking account under one roof. The 4.60% APY is competitive, early paycheck access is genuinely useful, and the extended FDIC coverage through partner banks gives high-balance savers extra protection. Just make sure you set up direct deposit — without it the rate drops significantly.
Get Started#3 Ally Bank Online Savings
A no-minimum online savings account with a long track record of reliability
Pros
- +No minimum balance — start saving with any amount
- +Savings buckets feature lets you organize goals within one account
- +Ally has one of the best customer service reputations among online banks
Cons
- -APY slightly below Marcus and SoFi
- -No physical branches for cash deposits or in-person support
- -Savings account transfers are limited by federal Reg D guidelines
Ally has been one of the most trusted online banks since 2009 and continues to deliver a strong product. The 4.50% APY is not the absolute highest, but Ally compensates with best-in-class customer service, the savings buckets organizational feature, and a seamless interface. If reliability and ease of use matter as much as the last basis point of yield, Ally is a top-three pick.
Open Account#4 Capital One 360 Performance Savings
Strong yield from a household name with physical locations available
Pros
- +One of the few high-yield accounts backed by a major brick-and-mortar bank
- +Capital One Cafes offer in-person banking assistance in major cities
- +No minimum balance and no fees — clean, simple product
Cons
- -4.25% APY lags behind pure online competitors by 25-65 basis points
- -Capital One Cafes are limited to select cities — not a full branch network
- -Rate has trailed competitors during rising rate environments historically
Capital One 360 Performance Savings occupies a unique position: it delivers a competitive high-yield APY while giving you access to physical locations through Capital One Cafes. If you want the comfort of a recognizable brand with the option to walk into a building, this is the only high-yield savings account that offers it. The APY gap versus Marcus or SoFi is real but modest.
Learn More#5 American Express High Yield Savings
Solid yield for existing Amex cardholders who prefer a familiar name
Pros
- +Managed through the same Amex login if you already have a card
- +No minimum balance and no monthly fees
- +American Express brand trust and established customer service infrastructure
Cons
- -4.15% APY is the lowest on this list — 75 basis points below Marcus
- -No checking account integration — savings product only
- -Transfer times to external banks can take 3-5 business days
American Express High Yield Savings is a reasonable option for existing Amex cardholders who value convenience and brand familiarity. The 4.15% APY still far outperforms the national average and traditional bank savings rates. However, if you are opening a fresh account with no loyalty to Amex, the yield gap versus Marcus or SoFi is large enough that switching to a higher-rate option makes financial sense.
Open Account