Savings Accounts

Compare some of the best high-yield savings accounts available.

No monthly fees, but you need a high balance to get its best rates.

A free savings account that earns a strong APY once you meet the $100 opening deposit requirement.

Chime’s savings account has a solid APY and has no monthly fees, but it requires Chime’s checking account.

This account boasts a high 0.50% APY, but transactions are strictly limited to electronic funds transfers.

The Ponce Bank high-yield money market account offers 5.28% APY and comes with no account fee and a low $1 minimum opening deposit.

The credit-monitoring company’s savings account earns an attractive amount of interest, and it has above-average FDIC insurance and a monthly sweepstakes.

These international banks offer accounts with 12% APYs or higher, but watch out for risks.

A sinking fund is money that you set aside for an expected upcoming expense, such as Christmas, vacations or car maintenance.

SoFi’s high-yield savings account is a hybrid checking and savings account featuring a high APY, cashback rewards and minimal fees.