High Yield Saving

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Varo Savings Account

5 out of 5

Minimum Balance:  $0 minimum balance

Minimum Deposit:  $0 initial deposit

Ongoing APR:  Up to 2.80% APR

Monthly Fees
$0

Bank Type
Online

FDIC Insurance
FDIC Insured

Promotion
No promotion available

Why we like it

  • Varo offers a competitive APY.
  • There are no minimum balance requirements and no account fees.
  • Varo will automatically deduct a percentage of each direct deposit into savings.
  • A suite of financial products available.

Discover Bank Online Savings

5 out of 5

Minimum Balance:  $0 minimum balance

Minimum Deposit:  $0 initial deposit

Ongoing APR:  0.55% APR

Monthly Fees
$0

Bank Type
Online

FDIC Insurance
Member FDIC

Promotion
No promotion available

Why we like it

  • Offers a high Annual Percentage Yield (APY).
  • No maintenance fees, monthly service fees, or ACH transfer fees.
  • Robust account features.
  • Excellent customer service banking experience.

American Express National Bank Personal Savings

5 out of 5

Minimum Balance:  $0 minimum balance

Minimum Deposit:  $0 initial deposit

Ongoing APR:  .60% APY

Monthly Fees
$0

Bank Type
Online

FDIC Insurance
Member FDIC

Promotion
No promotion available

Why we like it

  • Offers a high Annual Percentage Yield (APY)
  • No maintenance fees, monthly service fees, or ACH transfer fees.
  • Its interface is user-friendly, and accounts are easy to set up.
  • Great rates on CDs

Marcus by Goldman Sachs® Online Savings

4.5 out of 5

Minimum Balance:  $0 minimum balance

Minimum Deposit:  $0 initial deposit

Ongoing APR:  0.60% APR

Monthly Fees
$0

Bank Type
Online

FDIC Insurance
Member FDIC

Promotion
No promotion available

Why we like it

  • Highly-competitive rates on its savings account and CDs
  • Backed by Goldman Sachs, one of the most respected financial institutions in the world
  • No minimum deposit to open account
  • Customers have access to personal financial specialists.

Capital One 360 Performance Savings™

4.5 out of 5

Minimum Balance:  $0 minimum balance

Minimum Deposit:  $0 initial deposit

Ongoing APR:  0.50% APR

Monthly Fees
$0

Bank Type
Hybrid

FDIC Insurance
Member FDIC

Promotion
No promotion available

Why we like it

  • Capital One 360 Performance Savings has excellent rates on its savings account and CDs.
  • There are no minimums to open or maintain your high-yield savings account.
  • Capital One is a one-stop-shop for financial products and services.
  • Free tools to help track savings goals.
  • Physical branch locations.

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