Best savings accounts of May 2026

High-yield savings accounts are a smart way to earn more interest while keeping your money accessible. The top rate currently reaches about 4.21% APY from Axos Bank�well above the national average of around 0.6%. The best options also come with no fees and low minimum deposit requirements.

Personalize Your Search
$

Best savings accounts for April 2026

Note: APYs may have changed since they were last updated. Capitalflow only includes FDIC banks or NCUA credit unions in the editorial listings below.

Read review

Chase

★★★★★ 4.8 Capitalflow score
Go to site
Annual percentage yield
4.03%
Min. balance for APY
$0
Min. deposit to open
$100

Wells Fargo

★★★★★ 4.8
Go to site
Annual percentage yield
4.00%
Min. balance for APY
$0
Min. deposit to open
$0

Morgan Stanley

★★★★☆ 4.5
Annual percentage yield
4.00%
Min. deposit to open
$100

Openbank

Annual percentage yield
4.00%
Min. deposit to open
$500

EverBank

Annual percentage yield
3.90%
Min. deposit to open
$0

Limelight Bank

Annual percentage yield
3.90%
Min. deposit to open
$100

Popular Direct

Annual percentage yield
3.90%
Min. deposit to open
$100

Forbright Bank

Annual percentage yield
3.85%
Min. deposit to open
$0

Zynlo Bank

Annual percentage yield
3.85%
Min. deposit to open
$0

Peak Bank

Annual percentage yield
3.82%
Min. deposit to open
$100

Calculate your savings in seconds

$
$
%
Estimated Total Balance
$28,521
Total Contributions
$25,000
Total Interest Earned
+$3,521
Your money is working for you! ?

Why choose Capitalflow

Backed by over 40 years of experience, our team at Capitalflow strives to help you make the right decisions for any financial situation.

46
Years experience
3,000+
Deposit rates tracked
100+
Banks reviewed

High-yield savings FAQs

A high-yield savings account (HYSA) is a type of savings account that pays a higher interest rate than traditional savings accounts. These accounts are typically offered by online banks, which have lower overhead costs than brick-and-mortar banks and can pass those savings on to customers in the form of higher yields.

Yes, as long as the bank is insured by the Federal Deposit Insurance Corporation (FDIC) or the credit union is insured by the National Credit Union Administration (NCUA). This insurance protects your deposits up to $250,000 per depositor, per institution, in the event the bank fails.

The APY on a high-yield savings account is variable, meaning the bank can change it at any time without prior notice. Rates are heavily influenced by the Federal Reserve's benchmark interest rate.

Research methodology

Capitalflow's editorial team is dedicated to providing objective, comprehensive reviews of banking products. We evaluate accounts based on a variety of factors, including Annual Percentage Yields (APYs), minimum opening deposits, monthly maintenance fees, and customer experience features like mobile app ratings and ATM networks. Our 5-star rating system is designed to help consumers find the best products for their financial needs. Capitalflow actively tracks APYs from hundreds of banks and credit unions across the country to ensure our data is accurate and up to date.

Table of contents
Best high-yield savings accounts Calculate your savings High-yield savings FAQs Meet our experts Research methodology