Whether you’re looking to build an emergency fund, save toward a big expense like a dream vacation, sock away funds until you have enough to buy gold or silver, or contribute toward a retirement nest egg, earning interest with a high-yield savings account is just a smart move. You get meaningful returns and your funds remain comparatively liquid.

The three highest-APY accounts we’ve identified are as follows:

• Earn up to 5.00% with Varo Money.
• Earn up to 4.21% with Axos Bank.
• Earn up to 4.20% with Newtek Bank.

Wealthfront also offers an account that may give the aforementioned three some competition, with an APY of up to 4.20%.

Rates current as of March 20, 2026. Fortune publishes a daily savings rates post each weekday that data is available.

Best savings account rates on March 20, 2026

Fortune has partnered with the financial industry consultants at Curinos to give you an accurate look at the highest savings account rates on the market. Varo Money has the highest rate, with Axos Bank, Newtek Bank, and Wealthfront next also providing relatively strong APYs. Read on to see our full list of HYSAs and find the one that’s right for your needs.

What the Fortune/Curinos partnership means for your savings

Curinos brings over thirty years of financial data expertise to the table. We get daily reports from Curinos on savings and CD rates from financial institutions nationwide and use this info to compile our list. You can rest assured that Fortune is providing data-driven recommendations designed to help you make an informed choice.

Historical national average savings rates

While the average savings account rate has increased from the lows seen from 2020 to 2022, it’s still far below the APYs available on the most generous high-yield savings accounts on our list.

Reasons to choose a high-yield savings account

First, we’ll note that “high-yield savings account” isn’t technically its own account type. It’s the term we apply to any savings account offering rates meaningfully above the industry standard. In other words, it’s a helpful shorthand.

In many cases, traditional savings accounts are offered by brick-and-mortar banks while high-yield savings accounts are available from banks and credit unions that operate mostly or entirely online. By not having to pay for physical branch infrastructure, and sometimes by only offering a slimmed-down slate of products, online branches can often reward their customers with higher APYs.

If you’re comfortable with online banking, moving to a high-yield account can increase the interest you earn in a meaningful way. Depending on how much you deposit and your specific account’s APY, you’re looking at potentially hundreds more annually than you’d get from a traditional savings account.

How much interest you might earn with a higher APY

Consider this scenario: You have $5,000 that stays put for an entire year. And let’s assume for the sake of the hypothetical that your APY remains unchanged for that period. The earnings difference between a 5.00% APY and a 0.40% APY makes the case for switching clearly.

Criteria when choosing a high-yield savings account

When shopping around for a HYSA, these factors deserve your attention:

• Competitive rates. Search for APYs that meaningfully increase your earnings potential.
• Low or zero minimums. Many high-yield accounts don’t require large opening deposits, which is a plus for folks who are just starting out on their savings journey.
• No maintenance costs. Avoid accounts that charge monthly fees eating into your accumulated interest.
• Withdrawal flexibility. You want to know you’ll be able to transfer your money when you need it. Be aware of withdrawal restrictions and foreign ATM charges.
• Deposit guarantees. Verify FDIC coverage if opening an account with a bank, or NCUA coverage with a credit union.

Note, you will owe taxes on the interest you earn.

Frequently asked questions