Current high-yield savings account rates: Up to 4.70%

Whether you are building an emergency reserve, setting aside money for a major purchase such as a dream getaway, preparing for a large investment in precious metals like gold and silver, or saving for retirement, keeping your cash in one of the best high-yield savings accounts can be a smart move.

Fortune, working with financial industry consultants at Curinos, offers a detailed look at the highest savings account rates available. Below is a rundown of HYSAs to help you choose the one that fits your needs.

Curinos has more than 30 years of experience in financial services data. Fortune's team reviews daily Curinos reports that track savings account and certificate of deposit rates across a wide range of financial institutions. That process results in a data-backed list designed to help savers find the accounts that offer the best value.

Average savings account rates have climbed from the lows seen in earlier years, but they are still well below the APYs offered by the most competitive high-yield savings accounts on this list.

There is no separate category of bank account officially called a “high-yield savings account.” Rather, the term refers to U.S. financial institutions that generally pay savings rates far above the industry average.

Banks that offer standard savings accounts with lower yields often operate large branch networks and provide a full range of deposit and lending products. By contrast, institutions offering high-yield savings accounts are often online banks with a much smaller lineup of products and no physical branches.

If you want to earn more interest on your savings and are comfortable managing the account online instead of visiting a branch, a high-yield savings account can turn what may seem like pennies into potentially hundreds of dollars a year, depending on your balance and APY.

Consider a hypothetical saver who leaves $5,000 untouched in an account for a year, assuming the APY stays the same throughout that period. Below are estimates for what that saver might earn in an account with a 5.00% APY versus one with a 0.40% APY:

As the example shows, moving money from a traditional savings account to a high-yield one is a simple change that can make a major difference in interest earned.

No matter what type of savings account you have, any interest you earn is generally taxable.

Will savings account rates go down?

They could, though nothing is guaranteed. Banks often adjust their rates when the Federal Reserve raises or lowers its benchmark federal funds rate. Recent Fed cuts have helped borrowers but could put pressure on savings APYs.

Can you lose money in a high-yield savings account?

Before opening an account, confirm that your savings will be insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration. That protection should help guard against losing your principal. Savings account balances are also not exposed to market losses in the same way stocks are, though inflation can still erode purchasing power if it rises faster than your APY.

Is a high-yield savings account still worth it?

Yes. Even after rate cuts, many high-yield savings accounts still offer APYs above 4.00%. They remain one of the strongest options for earning interest while keeping your money easy to access. If you are willing to give up some liquidity in exchange for a locked-in return, a certificate of deposit may be worth considering.

SoFi disclosures

INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

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We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.

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Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-ratesheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 9/23/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet

New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more) OR $400 (with at least $5,000 total Eligible Direct Deposits received within 25 calendar days of your first Eligible Direct Deposit of $1 or more). Cash bonus amount will be based on the total amount of Eligible Direct Deposit received within 25 calendar days of your first Eligible Direct Deposit of $1 or more. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in yourChecking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 5/15/2026 and will be available through 12/31/26.See full bonus and annual percentage yield (APY) terms at sofi.com/banking/checking-offer/

6: 0.70% Savings APY Boost

Earn up to 4.40% Annual Percentage Yield (APY) on one SoFi Savings account with a 1.10% APY Boost (added to the 3.30% APY as of 10/20/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/27. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.

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Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

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SoFi Plus is a premium membership that gives members access to our best rewards, benefits, and more when they pay the SoFi Plus Subscription Fee. Between 12/9/25–3/30/26, members with Eligible Direct Deposit or Qualifying Deposits will receive complimentary access to SoFi Plus. Benefits are subject to change and may not be available to everyone. All terms and conditions applicable to the use of SoFi Plus apply. To learn more about SoFi Plus and available benefits and terms, please see the SoFi Plus page.

SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC, Loans originated by SoFi Bank, N.A., NMLS #696891, (www.nmlsconsumeraccess.org). Advisory services are offered through SoFi Wealth, LLC an SEC-registered investment adviser. Brokerage products are offered through SoFi Securities LLC, member FINRA/SIPC. ©2026 SoFi Technologies, Inc.

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Other fees, such as exchange fees, may apply. Please view our fee disclosure to view a full listing of fees.

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Probability of Member receiving $1,000 is a probability of 0.026%; If you don’t make a selection in 45 days, you’ll no longer qualify for the promo. Customer must fund their account with a minimum of $50.00 to qualify. Probability percentage is subject to decrease.

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SoFi Plus members can schedule an unlimited number of appointments with a financial planner during periods in which the SoFi Plus member meets the eligibility criteria set forth in section 10(a) of the SoFi Plus Terms and Conditions. SoFi members who are not members of SoFi Plus can schedule one (1) appointment with a financial planner. The ability to schedule appointments is subject to financial planner availability. SoFi reserves the right to change or terminate this benefit at any time with or without notice. Advisory services are offered by SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov