As of early 2026, the best high-yield savings accounts in the U.S. are offering between 4.35% and 5.00% APY—far above the national average of 0.40%. Top options include Newtek Bank (4.35% APY), Ally Bank, Marcus by Goldman Sachs, American Express, and Capital One, with GreenFi standing out for eco-friendly banking and zero fees.
What Is a High-Yield Savings Account?
A high-yield savings account (HYSA) is a deposit account that pays significantly higher interest than traditional savings accounts. These accounts are FDIC-insured, liquid, and often accessible online, making them ideal for growing emergency funds or short-term savings.
Top High-Yield Savings Accounts in 2026
| Bank / Provider | APY (Annual Percentage Yield) | Key Features | Best For | |
|---|---|---|---|---|
| Newtek Bank | 4.35% | No minimum deposit, NerdWallet’s 2026 Best-Of Award winner | Savers wanting high yield with easy access | |
| Ally Bank | ~4.00% | No monthly fees, user-friendly app | Everyday savers who want flexibility | |
| Marcus by Goldman Sachs | ~4.00% | No minimum balance, strong reputation | Savers seeking simplicity and trust | |
| American Express Bank | ~4.00% | Reliable brand, competitive APY | Customers who value established institutions | |
| Capital One | ~4.00% | Easy integration with checking accounts | Savers who already bank with Capital One | |
| GreenFi | ~4.00% | Zero fees, fossil-fuel-free banking | Eco-conscious savers who want ethical banking |
Key Considerations When Choosing an HYSA
- APY Rate: Higher APY means faster growth of savings.
- Fees: Look for accounts with no monthly maintenance fees.
- Accessibility: Online banks often provide better rates but may lack physical branches.
- Minimum Balance Requirements: Some accounts require deposits to qualify for top rates.
- Trust & Transparency: Choose FDIC-insured banks with clear terms.
Risks and Trade-Offs
- Variable Rates: APYs can change depending on Federal Reserve interest rate decisions.
- Withdrawal Limits: Some accounts may limit monthly transfers.
- Promotional Rates: Be cautious of teaser APYs that drop after a few months.
- Digital-Only Access: Online banks may not suit those who prefer in-person service.
Expert Tips to Maximize Interest
- Compare Regularly: Rates shift often; review your HYSA every 6–12 months.
- Avoid Idle Funds: Keep only emergency or short-term savings in HYSA; invest long-term funds elsewhere.
- Bundle with Checking: Some banks offer perks if you link savings with checking accounts.
- Eco-Friendly Options: Consider banks like GreenFi if values matter alongside yield.
Conclusion
If your money is sitting in a traditional savings account earning less than 1%, you’re missing out. In 2026, Newtek Bank (4.35% APY) and GreenFi (~4.00% APY with zero fees) are among the best choices for maximizing interest. Established players like Ally, Marcus, American Express, and Capital One also offer strong rates with reliable service. The right account depends on whether you prioritize highest yield, lowest fees, or ethical banking practices.