Best High-Yield Savings Accounts of December 2024

• Editor's Pick

BrioDirect High-Yield Savings Account

• APY4.85% More Info

  *Annual Percentage Yield (APY) is variable and is accurate as of 11/15/2024. Rate is subject to certain terms and conditions. You must deposit at least $5,000 to open your account and maintain $25 to earn the disclosed APY. Rate and APY may change at any time. Fees may reduce earnings.

• Intro BonusN/A
• Minimum
  Deposit Required$5,000
• Monthly
  Maintenance Fee$0

• Product Details

  • One of the best rates around
  • Keep track of your savings with online and mobile banking
  • No monthly maintenance fee

• Why We Like It

  BrioDirect's Direct High-Yield Savings Account offers customers one of the highest interest rates on the market. While its minimum opening deposit requirement is higher than average, all balances over $25 earn its disclosed APY.

• Editor's Pick

SoFi Checking and Savings

• APY0.50% - 4.00% More Info

  SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/24. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

• Intro Bonus$50-$300Expires January 31, 2026 More Info

  New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Direct Deposit can earn 4.00% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.00% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 12/3/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

• Minimum
  Deposit RequiredN/A
• Monthly
  Maintenance Fee$0

• Product Details

  • Bonus: Up to $300 with direct deposit
  • APY: Up to 4.00% (direct deposit or minimum monthly deposit required)
  • Monthly Fees: None
  • Minimum Balance Requirement: None

• Why We Like It

  SoFi Checking and Savings boasts an impressive APY of up to 4.00% on savings balances for customers who set up direct deposit, or who deposit at least $5,000 each month. This account also offers 0.50% APY on checking balances. There are no monthly maintenance fees, and new customers can even earn a generous signup bonus worth up to $300. If you don’t care about physical bank locations, this is a great option.

• Editor's Pick

Axos ONE® Savings and Checking Bundle

• APYUp to 4.86% More Info

  Earn up to 4.86% APY on savings, and 0.51% APY on checking when you meet requirements.

• Intro BonusN/A
• Minimum
  Deposit RequiredN/A
• Monthly
  Maintenance Fee$0

• Product Details

  • Earn up to 4.86% APY on savings, and 0.51% APY on checking when you meet requirements.
  • It's easy to earn the boosted rates for ONE Savings (4.86% APY) and ONE Checking (0.51% APY). Just receive qualifying monthly direct deposits of at least $1,500 in total and maintain an average daily balance of $1,500 in your Axos ONE® Checking account.
  • Get your money up to 2 days early. You’ve earned it, so start earning on it.
  • No monthly maintenance, minimum balance, account opening, or overdraft fees.
  • We’ve got you covered. Access expanded FDIC Insurance for up to $250 million.
  • Access a network of over 95,000 fee-free ATMs.
  • Manage all your bank accounts from one place in the Axos app.
  • Link external accounts in the app to move your money seamlessly.

• Why We Like It

  Assuming you can meet the requirements to earn its boosted interest rate, the Axos ONE® bundle offers competitive APYs on both checking and savings balances. While the base rates aren't quite as impressive, the lack of a monthly maintenance fee or minimum opening deposit requirement make it easy to recommend if you want to maximize your interest earnings.

Synchrony Bank High-Yield Savings Account

• APY4.10% More Info

  The Annual Percentage Yield (APY) as advertised is accurate as of 11/26/2024. Interest rate and APY are subject to change at any time without notice. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchronybank.com for current rates, terms, and account requirements. Member FDIC.

• Intro BonusN/A
• Minimum
  Deposit RequiredN/A
• Monthly
  Maintenance Fee$0

• Product Details

  • No minimum deposit
  • No minimum balance
  • No monthly fees
  • Member FDIC

• Why We Like It

  Synchrony Bank offers an above-average interest rate on its High-Yield Savings Account. And with no minimum balance or opening deposit requirements, it's easier to hold this account than many similar options. We also appreciate the inclusion of an ATM card for easy funds access.

CIT Bank Platinum Savings Account

• APY4.55% More Info

  Earn 4.55% APY on balances over $5,000. Balances of less than $5,000 earn 0.25% APY. Annual Percentage Yield is accurate as of November 13, 2024. Interest rates for the Platinum Savings account are variable and subject to change at any time without notice.

• Intro BonusN/A
• Minimum
  Deposit Required$100
• Monthly
  Maintenance Fee$0

• Product Details

  • Get 10x the National Average on your savings.
  • Your CIT Bank account is FDIC insured, which means it's secure.
  • CIT Bank's mobile app makes it easy to manage your account.
  • No account opening or monthly services fees, so you can keep what you earn.

• Why We Like It

  The CIT Bank Platinum Savings account offers one of the top APYs on the market right now, and CIT's flexible transfer options make it easy to access your money. So long as you're able to consistently maintain an account balance of $5,000 (the minimum amount required to earn this account's top APY) you'll likely find a lot of value in this account.

Valley Direct Savings Account

• APYUp to 4.55% More Info

  New customers enjoy 4.55% APY. For the Valley Direct Savings Promo account, a minimum daily balance of $0.01 is required to obtain the advertised annual percentage yield (APY). Rate may change after the account is opened.

• Intro Bonus0.80% Bonus APY More Info

  For the Valley Direct Savings Promo account, a minimum daily balance of $0.01 is required to obtain the advertised annual percentage yield (APY). Rate may change after the account is opened. Valley Direct Savings Promo account can only be opened by new Valley National Bank ("Valley") customers, which means all account holders must have no other Valley personal checking or savings accounts or certificates of deposit, including Valley Direct accounts and certificates of deposit, within the one-year period preceding the date of account opening. Opening deposit must be a new money deposit. "New money deposit" is defined as funds from an external funding source that are not presently on deposit in any other Valley account.

• Minimum
  Deposit Required$1
• Monthly
  Maintenance Fee$0

• Product Details

  • Maximize your savings with 4.55% APY
  • Open with just $1
  • No monthly maintenance charges
  • Earn interest on any balances over $0.01

• Why We Like It

  The Valley Direct Savings Account offers new customers one of the strongest APYs available, with a low minimum daily balance requirement of $0.01 to earn APY. This account also has no monthly maintenance fees, and can be opened with a deposit of $1 or more. While existing customers earn a lower APY, its still exponentially higher than the national average.

CIT Bank Savings Connect Account

• APY4.20% More Info

  Annual Percentage Yield is accurate as of November 13, 2024. Interest rates for the Savings Connect account are variable and subject to change at any time without notice.

• Intro BonusN/A
• Minimum
  Deposit Required$100
• Monthly
  Maintenance Fee$0

• Product Details

  • Get a competitive rate on your Savings Connect account
  • With the CIT Bank mobile app, deposit checks from your mobile device and make transfers easily
  • CIT Bank is your partner in savings. There are no account opening or monthly service fees for savings accounts

• Why We Like It

  CIT Bank's Savings Connect account is one of our top picks for high-yield savings accounts. Featuring a competitive flat APY on all balances, it can go head-to-head with most of the top savings accounts available. What's more, you don't have to do anything special to earn this high interest rate; many similar accounts (including some offered by CIT) only offer their highest interest rates to customers who complete certain requirements.

UFB Direct Freedom Checking + Portfolio Savings Bundle

• APYUp to 4.21% More Info

  Combine Freedom Checking with Portfolio Savings to boost your savings APY by up to 0.20%.**

• Intro BonusN/A
• Minimum
  Deposit RequiredN/A
• Monthly
  Maintenance Fee$0

• Product Details

  • Unlock Up to 4.21% APY**
  • Combine Freedom Checking with Portfolio Savings to boost your savings APY by up to 0.20%.**
  • Fewer fees, faster transactions. Plus, earn 2.00% APY* on your checking account.
  • Move money instantly between your Portfolio Savings and Freedom Checking accounts.
  • Skip the monthly maintenance fees and minimum deposit requirements.
  • FDIC insurance up to the maximum allowance limit.

• Why We Like It

  If you're looking to maximize your savings rates, you'd do well to consider the UFB Freedom Checking + Portfolio Savings bundle. On their own, each account earns an impressive APY, but dual accountholders who are able to complete several qualifying activities can boost their savings rate even higher.

Citizens Access® Savings

• APY3.90%
• Intro BonusN/A
• Minimum
  Deposit Required$0.01
• Monthly
  Maintenance Fee$0

• Product Details

  • Serious savings
  • No fees, no surprises
  • FDIC insured
  • Help if you need it (available 7 days/week)

• Why We Like It

  If you plan to park your money for some time, the Citizens Access Savings account is a good bet. This account features an incredible APY, and currently all balances earn the highest rate available. You only need to deposit $0.01 to open an account and earn the APY, and this account doesn't have other fees associated with it.

Quontic Bank High Yield Savings Account

• APY4.00%
• Intro BonusN/A
• Minimum
  Deposit Required$100
• Monthly
  Maintenance Fee$0

• Product Details

  • Earn 4.00% APY with a Quontic High Yield Savings Account
  • Start earning interest from Day 1 of your first deposit with no limit on how much you can earn
  • Open an account online in just 3 minutes
  • Interest is compounded daily and credited to your account every month

• Why We Like It

  Quontic High Yield Savings offers customers 4.00% APY, which is a moderately good rate for a high-yield savings account. There’s a low minimum of $100 to open your account, as well as no monthly fees, but as a digital-only bank Quontic does not have physical locations.