Best High-Yield Savings Accounts 2026
Earn 4.5-5.0%+ APY with FDIC Protection & No Risk
Passive Income from Cash
Park $10,000 at 5% APY = $500/year in pure passive income with zero effort. It's the safest, most boring way to earn money online.
Top High-Yield Savings Accounts Comparison
| Bank | Current APY | Minimum Deposit | FDIC Insured | Mobile App |
|---|---|---|---|---|
| Marcus by Goldman Sachs | 4.50% | $0 | Yes | Excellent |
| Ally Bank | 4.35% | $0 | Yes | Excellent |
| American Express HYSA | 4.40% | $0 | Yes | Good |
| Discover Bank | 4.35% | $0 | Yes | Very Good |
| Capital One 360 | 4.20% | $0 | Yes | Excellent |
| Chase Savings | 2.65% | $0 | Yes | Excellent |
*APY rates as of April 2026. Rates change frequently. Check current rates at bank websites.
How Much Passive Income Can You Earn?
| Deposit Amount | At 4.5% APY | Monthly Income | Effort Required |
|---|---|---|---|
| $5,000 | $225/year | $18.75/month | Zero |
| $10,000 | $450/year | $37.50/month | Zero |
| $50,000 | $2,250/year | $187.50/month | Zero |
| $100,000 | $4,500/year | $375/month | Zero |
| $250,000 | $11,250/year | $937.50/month | Zero |
Top 5 Best High-Yield Savings Accounts
1. Marcus by Goldman Sachs
Easiest SetupMinimum: $0
FDIC Insured: Yes ($250k coverage)
Why it's best: Competitive rates, no minimums, simple interface, strong brand (Goldman Sachs).
Pros: High rates, no minimum deposit, no monthly fees, excellent mobile app
Cons: No checking account (savings-only)
2. Ally Bank
Best OverallMinimum: $0
Features: Checking + Savings available
Why it's best: Full banking features (checking + savings), good rates, strong brand.
Pros: Checking & savings accounts, 24/7 phone support, no fees
Cons: Slightly lower APY than Marcus
3. American Express HYSA
Best if You Have Amex CardMinimum: $0
Bonus: Often $100+ for sign-up
Why it's best: Excellent rate, often has sign-up bonuses, integrates with Amex benefits.
4. Discover Bank
Best AppMinimum: $0
Bonus: Usually $100 sign-up
Why it's best: Excellent app, same-day transfers, great customer service.
5. Capital One 360
Best for Full BankingMinimum: $0
Checking: Available with ATM access
Why it's best: Full banking (checking + savings), ATM access, simple interface.
3-Account Strategy for Maximum Interest
Open 2-3 accounts to get the highest average APY:
Keep your main savings here earning the highest rate. Marcus usually has the best rates.
Use Ally for checking + emergency fund. Good rates + full banking features.
Open new accounts with sign-up bonuses, keep for 6 months, then close and move to next bonus. Earn $100-300/year from bonuses.
HYSA FAQ
Is my money FDIC insured?
Yes, up to $250,000 per account holder, per bank. If you have $500k, spread it across 2 banks. All listed accounts above are FDIC insured.
Can I lose money?
No. HYSA accounts are 100% safe. The bank guarantees your balance. Risk comes only from inflation reducing buying power over time.
How often do rates change?
Banks adjust rates in response to Federal Reserve changes (4-8 times per year). Your balance stays the same, but APY can increase or decrease.
How do I withdraw my money?
Most HYSA accounts allow 6 free withdrawals per month. After that, some charge fees. For frequent withdrawals, use a checking account instead.
Should I keep an emergency fund in HYSA?
Yes. Keep 3-6 months of expenses in HYSA (liquid, accessible, earning interest). Keep additional savings in high-yield accounts or investments.
Ready to Earn Passive Interest?
Open an account today and start earning 4.5%+ on your savings.
Open Marcus Account Open Ally Account