Top High-Yield Savings Accounts for 2024: If you’re looking to grow your savings faster, a high-yield savings account (HYSA) could be the perfect solution. These accounts offer significantly higher interest rates than traditional savings accounts, allowing your money to work harder for you. We’ve researched and listed the top high-yield savings accounts available today to help you make an informed choice.
SoFi High-Yield Savings Account – 4.00% APY
SoFi offers a competitive 4.00% APY with no minimum deposit and no monthly fees. This online bank provides a combination checking and savings account, allowing you to manage both spending and saving in one place. With additional perks like purchase round-ups and multiple savings vaults, SoFi makes saving easier and more organized.
Barclays Online Savings – 4.10% APY
Barclays offers a strong 4.10% APY with no minimum deposit and no monthly fees. This account is great for beginners, offering a free savings assistant tool to help you reach your financial goals. With no minimum balance requirement, it’s an accessible option for anyone looking to start saving.
Bask Interest Savings Account – 4.65% APY
At 4.65% APY, Bask Bank’s Interest Savings Account stands out. It offers one of the highest interest rates on this list, and like the others, there are no minimum opening deposit or monthly fees. Bask is an online-only bank, so there are no physical branches, but they offer excellent customer support over the phone.
Synchrony Bank Online High-Yield Savings – 4.10% APY
Synchrony Bank offers a 4.10% APY with no minimum balance or monthly fees. This account is ideal for savers who want to keep their money growing without any hassle. Synchrony also provides an optional ATM card, with a rebate for ATM fees, making it more flexible for those who need occasional access to their funds.
Ally Savings Account – 3.85% APY
Ally’s 3.85% APY is higher than the national average, and it comes with no minimum balance and no monthly fees. Ally also offers handy tools to help you save automatically, such as round-ups and recurring transfers. This makes it a solid option for those who want an easy way to save regularly.
These high-yield savings accounts provide excellent opportunities to grow your savings with no fees or minimum balance requirements.
