9 Best Savings Accounts of 2026

EverBank Performance Savings ranks first because it pairs the highest posted rate on this list with the simplest fee terms. New accounts earn 4.20% APY on all balances, there is $0 to open, no minimum balance and no monthly maintenance fee at any balance, and interest compounds daily. EverBank compares that rate with a 0.38% national average on its own page. The account is online only, so deposits happen by transfer or mobile check, and the mobile check deposit fee is also $0. The main catch is in the fine print: EverBank says the APY is for new accounts only and may not apply to existing accounts, so a long-time customer could end up on a lower rate later, and the rate is variable for everyone. Deposit insurance is the standard $250K per depositor for each ownership category. Savers who want one rate that does not depend on being new may prefer Marcus.

Marcus by Goldman Sachs Online Savings Account ranks second because its rate comes with fewer strings than any other high-rate account here. The APY was 3.50% as of November 13, 2026, there are no fees and no minimum deposit, and Marcus says it does not run a credit check to open. Same-day transfers of $100,000 or less to and from other banks make it practical for an emergency fund, and the contact center is open 24 hours a day, 7 days a week. Marcus also says money starts earning interest the day a transfer is initiated. The referral program adds a 1.00% APY boost for 3 months for both people, for up to 5 friends. The downsides: the rate trails EverBank's new-account APY, maximum balance limits apply, and the referral boost ends after 3 months. Our automated price check could not load the page, so its fee row is marked pending.

SoFi Savings ranks third because it has the most complete toolset here, but its rate depends on how you bank. SoFi pays 3.30% APY with eligible direct deposit or at least $5,000 in qualifying deposits every 31 days, and new accounts with direct deposit get a 1.10% boost for up to six months, which is where the 4.40% figure comes from. Without those deposits the account earns 0.80% APY. SoFi charges no monthly, minimum or maintenance fees, sets no monthly withdrawal limit, and offers Savings Vaults, debit card round ups and automatic transfers. Enrolling in the SoFi Insured Deposit Program adds up to $3M of FDIC insurance through participating banks. Opening savings also opens a SoFi Checking Account, and a cash bonus of $50 or $400 is available with eligible direct deposit. If your paycheck stays at another bank, Marcus or EverBank pays more with no conditions.

Ally Bank Savings Account ranks fourth on the strength of its savings tools rather than its rate. The APY was 3.2% as of November 12, 2026 and applies across all balance tiers, with no monthly maintenance fee and a $0 minimum opening deposit. Buckets let you divide one account into goals, round ups move spare change from an Ally Spending Account once at least $5 accrues, surprise savings looks for safe-to-save money in a linked checking account, and recurring transfers run on your schedule. Ally compares its rate with a 0.38% national average from the FDIC. The trade-off is access: certain withdrawals and transfers are capped at 10 per statement cycle, and while Ally charges no fee for going over, it says it will close accounts that exceed the limit more than occasionally. Savers who mainly want the higher rate should look at EverBank or Marcus first.

CIT Bank Platinum Savings is a strong pick only if your balance clears $5,000. At that level the account pays 3.75% APY on the entire end-of-day balance, which beats Marcus, Ally and the big-brand accounts on this list. Under $5,000 it pays 0.25% APY, which is close to what many branch accounts pay. There are no account opening or monthly service fees, but you need $100 to open, funded by electronic transfer, mailed check or wire. CIT Bank is a division of First Citizens Bank, and deposits held under First Citizens names are combined for the $250,000 FDIC limit, so customers of both should add them up. The rates on the page were dated July 1, 2026, older than the other banks here, and CIT says they can change without notice. For a fund that sometimes dips under $5,000, EverBank or Marcus is safer.

Barclays Tiered Savings sits mid-list because its best rate needs a larger balance. Barclays advertises up to 3.65% APY, accurate as of October 7, 2026, and the APY you earn depends on the tier your end-of-day balance falls into. There are no monthly maintenance fees and no minimum balance to open, and the account runs online with 24/7 access. The extra is a $200 bonus for new Tiered Savings customers who open by January 31, 2027, deposit at least $25,000 within 30 days and keep that balance for 120 consecutive days; current and previous Barclays savings or CD customers do not qualify, and the bonus is treated as interest for tax purposes. Withdrawals that drop the balance under $25,000 can cost the bonus. Savers with less than $25,000 will usually do better at EverBank or Marcus, where the rate does not depend on a tier.

Capital One 360 Performance Savings is the pick for savers who want an online rate but still like a branch nearby. The account pays 3.20% APY on all balances, effective November 13, 2026, with no fees to open or maintain it and no minimum balance. Interest accrues daily and compounds monthly. You can open it in about 5 minutes online, in the app or at a Capital One location, and withdraw online or at a branch, though not at an ATM: cash has to move to a checking account such as 360 Checking first. Automatic Savings lets you set rules for amount and frequency, and phone support runs 7 days a week from 8 a.m. to 11 p.m. ET. Discover's savings page now shows this account, and Capital One says Capital One and Discover deposit accounts opened on or after May 18, 2025 are counted together for FDIC coverage.

American Express High Yield Savings is a plain, fee-free account that suits people already using Amex cards. It pays 3.20% APY, and American Express states there is no minimum balance required to open the account, to avoid a fee or to obtain the APY, so even a small deposit earns the full rate. There are no monthly fees at any balance and customer support is available 24/7. The same bank sells CDs with terms up to five years for money you can lock up. Deposits are held at American Express National Bank, Member FDIC, insured to at least $250,000 per depositor, per ownership category. Compared with others here, the toolset is thin: there are no buckets, vaults or round ups, and the rate ties Capital One for the lowest single-tier APY on the list. Choose it for simplicity and support hours, not for the top rate.

Varo Savings Account rounds out the list because it suits a narrow but common case: a saver with less than $5,000 who already lives in a banking app. The account starts at 1.00% APY on every dollar, and moves to 3.75% APY on balances up to $5,000 in the next month once you receive $800 or more in direct deposits and end the month with a positive balance in all Varo accounts. Anything above $5,000 still earns 1.00%. There are no minimum balance, annual or monthly maintenance fees. Save Your Pay can send up to 100% of a direct deposit straight to savings, and Save Your Change rounds up purchases. You need a Varo Bank Account to open savings, cash deposits work at CVS, and Varo says there is no hard credit check to apply. Above $5,000, almost any other account here pays more.