Whatever brought you here—whether it’s building an emergency fund saving for a major purchase like travel, putting away funds to invest in precious metals, or planning for retirement—keeping your money in a high-yield savings account is smart. You get solid returns without too much complexity or the risks associated with stock market investments and the like.

The three accounts we’ve identified with the highest annual percentage yields 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.

Rates current as of May 27, 2026. Fortune publishes a daily savings rates post each weekday that data is available.

Best savings account rates on May 27, 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. The most generous rates we’re seeing at the moment are available at Varo Money, Newtek Bank, and Axos Bank. 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

We work with Curinos, which has a track record of more than thirty years analyzing financial services data, to bring you current rates on savings accounts and CDs from a long list of financial institutions. This daily reporting gives us the foundation to create a selection that actually helps you pick the right account for your situation.

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

A quick terminology note: There’s no official account type called a “high-yield savings account.” What we’re really talking about is banks and credit unions that happen to offer rates significantly higher than average. It’s just a label we use to make things clearer.

Most of the divide between traditional and high-yield accounts comes down to operations. Traditional banks run branch networks and offer everything under the sun—loans, checking, credit cards, you name it. High-yield providers are usually online-only, keep their offerings lean, and have no physical locations to maintain. That operational simplicity translates to better rates for you.

If you’re willing to handle your banking online, switching to a high-yield account can meaningfully increase what you earn. Depending on your deposit and APY, you could be looking at hundreds—or more—in extra interest annually compared to a standard savings account.

How much interest you might earn with a higher APY

Let’s assume a hypothetical where you’ve got five grand sitting in savings a full year, and the APY doesn’t budge. The interest you’d earn with a 5.00% APY is dramatically different from what you’d earn if the account’s APY was a mere 0.40%. See the estimates below:

It’s a surprisingly painless change that can have a real impact on your bottom line.

Criteria when choosing a high-yield savings account

Focus on these things when you’re choosing a HYSA:

• Competitive rates. Look for APYs that are actually going to move the needle on your earnings.
• Low or no minimums. Plenty of high-yield accounts don’t require a hefty opening deposit, making them accessible if you’re building your savings from scratch.
• Fee-free. Skip accounts that nickel-and-dime you with monthly maintenance charges—that money should stay in your account.
• Access to your funds. Verify that you can transfer your money when you need it. Pay attention to withdrawal caps and foreign ATM fees.
• Insurance. Check that your deposits are FDIC-protected at a bank or NCUA-protected at a credit union.

Note that any interest you earn will be taxable.

Frequently asked questions