The following institutions are currently offering the highest rates for nationally available online savings accounts:
: High rate is unlocked through monthly direct deposits. Newtek Bank: 4.20% APY
: Operates via mobile banking only; deposits are limited to wire transfers or Plaid (no direct deposits or ACH). Axos Bank: 4.21% APY best online high interest savings account
: Some accounts, like Openbank, require at least $500 to open, while others like LendingClub have no minimum deposit.
: Requires a linked checking account with a $5,000 average daily balance and maintaining a daily step count. Pibank: 4.40% APY : Requires a linked checking account with a
: No specific balance or activity requirements to earn this rate. Comparison of Popular High-Yield Accounts
The for April 2026 offer rates as high as 5.00% APY , significantly outperforming the national average of approximately 0.40%. Top High-Yield Savings Accounts (April 2026) Top High-Yield Savings Accounts (April 2026) : Interest
: Interest that compounds daily will grow faster than interest that compounds monthly or quarterly. Use the Annual Percentage Yield (APY) to compare accounts on an equal footing.