Best High-Yield Savings Accounts Of September 2022

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High-yield savings accounts can help you grow your savings faster than traditional savings accounts. Whether you want to build an emergency fund or sock away money toward other financial goals, a high-yield savings account is a promising option. We’ve analyzed online savings accounts at banks and credit unions to find the best choices available, based on interest rates, fees and other factors.

Best High-Yield Savings Accounts

We compared 73 online savings accounts at 53 nationally available banks and credit unions to find some of the best high-yield savings accounts available. See below to learn more about why we picked each account, the pros and cons, and to access individual bank reviews.

Annual percentage yields (APYs) and account details are accurate as of Sept. 2, 2022.


Varo Savings Account

4.8

Annual Percentage Yield

2.00% to 5.00%

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

Varo Savings Account
Learn More 

On Fiona.com’s Website
Why We Picked It
Pros & Cons
Details

Consumers Credit Union Smart Saver

4.7

Annual Percentage Yield

0.25% to 2.00%

Minimum Deposit Requirement

$5

Monthly Maintenance Fee

$0

Consumers Credit Union Smart Saver
Learn More 

On Consumers Credit Union’s Website
Why We Picked It
Pros & Cons
Details

Sallie Mae Bank SmartyPig Account

4.4

Annual Percentage Yield

1.90% to 2.05%

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

Sallie Mae Bank SmartyPig Account
Learn More 

On Fiona.com’s Website
Why We Picked It
Pros & Cons
Details

Axos Bank High Yield Savings Account

3.9

Annual Percentage Yield

Up to 0.61%

Minimum Deposit Requirement

$250

Monthly Maintenance Fee

$0

Axos Bank High Yield Savings Account
Learn More 

On Axos Bank’s Website
Why We Picked It
Pros & Cons
Details

Marcus by Goldman Sachs High-Yield Online Savings Account

3.6

Annual Percentage Yield

2.15%

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

Marcus by Goldman Sachs High-Yield Online Savings Account
Learn More 

On Fiona.com’s Website
Why We Picked It
Pros & Cons
source:ForbesAdvisor.com

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