Best High-Yield Savings Accounts of June 2026: Up to 4.03%

The Capital One high-yield savings account earns the same rate on all balances. There are no minimum deposit requirements to open an account and no monthly fees. Even though this is an online account, the bank offers in-person withdrawals at its branches. There are over 200 locations, mostly on the East Coast.

The bank also offers a checking account that earns interest and has no monthly fees.

How Spencer Tierney, banking Nerd, uses Capital One: “Capital One has real-time transfers and Zelle. I usually use real-time transfers, but I also have direct deposit set up, and it comes two days sooner than typical pay schedules. I also like that the bank’s been around for a bit.”

CIT’s Platinum Savings account is currently offering a promotional rate boost. The ongoing standard rate is 3.75% APY on balances of $5,000 or more. If your balance dips below $5,000, it earns a paltry 0.25% APY.

If you tend to carry high balances — at least $5,000 — this account is worth a look. If you don't plan to deposit that amount, however, the bank also offers other savings accounts and a money market account with yields that are much better than 0.25% APY. But the top rates on those accounts aren't as high as the Platinum Savings rate. Keep in mind there are high-yield accounts at other banks that don’t have this high deposit requirement.

Despite the higher threshold to earn the high rate, the account’s minimum opening deposit is only $100. There is also no monthly fee.

How Georgia Rose, international team Nerd, uses CIT Bank: “Its mobile app is super easy to navigate and use for moving money and viewing statements. It's not flashy, but it's user-friendly. I’ve emailed them before about joint accounts. I got a super fast reply, and it was from a human.”

E*TRADE offers a federally insured savings account with a good rate and no monthly fee. The institution — part of the Morgan Stanley Private Bank brand — also has a mobile app that lets customers check their balances, make electronic transfers and manage their E*TRADE securities accounts. The Premium Savings Account is currently offering a promotional rate. The ongoing standard rate is 3.35% APY.

In 2026, SoFi® Bank, N.A. won NerdWallet’s annual award for best overall bank. Its SoFi Checking and Savings is a combination checking and savings account that is currently offering a promotional rate to members. The ongoing standard rate is 3.10% APY (variable and subject to change) on the money you keep in the savings portion of the account. To earn the standard rate, you'll need to do one of the following:

1. Set up direct deposit in any amount. 2. Deposit a total of at least $5,000 every 31 days using accepted methods. 3. Be a SoFi Plus member and pay a $10 subscription fee every 30 days (note that SoFi is currently offering an APY boost to members).

If none of these qualifications are met, you’ll still earn 1.00% APY on your savings balance.

Some banks that offer high-yield savings accounts don’t offer checking accounts, so you have to look elsewhere to meet your checking needs. But SoFi® combines both, and the money you keep in the checking portion of the account earns 0.50% APY with or without deposits (APY is variable and subject to change).

There’s no minimum deposit requirement to open an account and there is no monthly maintenance fee either.

You can use NerdWallet's compound interest calculator to estimate how much money you could save over time.

The savings account also offers Vaults, which are savings buckets that can be designated for different savings goals. You can track your progress for each goal over time.

How Abby Badach Doyle, home and mortgages Nerd, uses SoFi: “Seeing the little tracker tick upward as we've saved over the past two years has been really motivating. Also, the savings bucket names support emoji, which is a small thing but I love how personal and visual that feels when I'm looking at them."

This savings account offers competitive interest rates that vary based on your account balance. Amounts below $250,000 earn 3.65% APY, while rates at or above $250,000 earn 3.75% APY. The account also has a tool for setting savings goals, which not every bank provides. Note that Barclays does not offer a checking account, which might be a dealbreaker for folks who want to keep their spending and savings reserves under the same roof.

LendingClub’s online savings account earns a boosted 4.00% APY for those who deposit at least $250 in their account during the previous statement cycle, known as the “Evaluation Period”. Without those deposits, the APY is 3.00%.

There is no minimum balance requirement and no monthly fee.

Forbright Bank offers a high-yield savings account with no monthly fees and no minimum balance requirements. It also offers certificates of deposit, but no checking account. This could be a challenge if you want to do all your banking under one roof. But if you’re willing to have your checking and savings accounts at different banks, Forbright’s savings account can help your money grow at an attractive rate. The bank also has an eco-friendly certification.

This savings account does not charge monthly fees, and there is no minimum balance required to earn the 3.40% APY. You'll be able to access your account through multiple options, such as mobile app and desktop. We’ve tracked this savings account for years, and it has consistently offered a strong APY.

Be advised that the bank doesn’t offer a checking account.

How Whitney Vandiver, home services Nerd, uses Marcus: “I chose Marcus because it offered one of the highest interest rates when I signed up and was a name I recognized. So I felt confident that my information was secure. I use only the mobile app because it's easy to use. The design is intuitive, so I can quickly find the information I need, including statements and tax documents.”

Bask Bank’s savings account has a competitive yield with no minimum balance requirements.

In addition to its high-yield online savings accounts, Bask Bank also offers online CDs that have above-average rates.

Western Alliance Bank’s High-Yield Savings product is a personal savings account — you do not have to be a small-business owner to open one. That said, the bank is known for its commercial and small-business banking products and services, so it could be a good option if you’d like to keep the door open for business banking in the future.

The account has a competitive rate and no monthly fees. You'll need to deposit at least $500 when opening the account. All deposits and withdrawals must be made via online transfer from an external account.

Peak Bank offers a high-yield online savings account with a strong 4.01% APY and no monthly fees. You’ll need at least $100 to open an account, which you can fund via online transfer. The bank also offers online CDs, and its mobile apps receive stellar ratings in the app stores.

The EverBank savings account checks the boxes for what you’d expect from a top high-yield product. It earns a competitive APY, there is no minimum to open an account and there is no monthly fee. EverBank also offers CDs, a high-yield money market account and an interest checking account with ATM fee reimbursements. You can keep all your bank accounts at one institution, which can make it easier to track your budget.