Best High-Yield Savings Account Rates
Comparing 7 banks. Rates scraped daily — no stale data. Best available today: 3.95% APY.
| Bank | APY | |
|---|---|---|
| Top RateBread Savings | 3.95% | Open account → |
| Synchrony Bank | 3.30% | Open account → |
| American Express HYSA | 3.10% | Open account → |
| SoFi | 3.10% | Open account → |
| Capital One 360 | 3.00% | Open account → |
| Marcus by Goldman Sachs | 1.00% | Open account → |
| Ally Bank | 0.38% | Open account → |
What is a High-Yield Savings Account?
A high-yield savings account (HYSA) is a savings account that pays a significantly higher interest rate than a traditional bank savings account. Most HYSAs are offered by online banks, which have lower overhead costs and pass the savings to customers in the form of higher APYs.
All HYSAs listed on RatePorch are at FDIC-insured institutions, protecting deposits up to $250,000 per depositor, per institution. Unlike CDs, there is no lock-up period — you can withdraw funds at any time.
HYSA vs. Traditional Savings: How Much More Can You Earn?
| Balance | Traditional (0.45% APY) | Top HYSA (3.95% APY) |
|---|---|---|
| $5,000 | $23/yr | $198/yr |
| $10,000 | $45/yr | $395/yr |
| $25,000 | $112/yr | $988/yr |
| $50,000 | $225/yr | $1975/yr |
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Frequently Asked Questions
What is a high-yield savings account (HYSA)? +
A high-yield savings account pays significantly more interest than a traditional savings account. Most are offered by online banks, which pass lower overhead costs to customers as higher APYs. FDIC insurance applies up to $250,000 per depositor, per institution.
How much more interest can I earn with a HYSA? +
The national average savings rate is around 0.45% APY. Top HYSAs currently pay over 4% APY — roughly 8–10x more. On a $10,000 balance, that difference is roughly $350–400 in extra interest per year.
Are HYSAs safe? +
Yes. All banks listed on RatePorch are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per institution, by the federal government.
Can I withdraw money from a HYSA anytime? +
Yes. Unlike CDs, high-yield savings accounts have no lock-up period. You can withdraw funds at any time, though some banks limit the number of transfers per month.
Why do HYSA rates change so often? +
HYSA rates are variable and closely track the federal funds rate set by the Federal Reserve. When the Fed raises rates, banks typically raise HYSA rates too — and vice versa.
How does RatePorch get its rate data? +
Our scraper runs every morning and pulls rates directly from each bank's website, so you're always seeing the most current published rates — not manually updated figures that may be days old.
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