Standout Online Savings Accounts
The best online savings accounts offer high interest rates while being a safe place to park your money. Because online banks don’t have the expense of maintaining branches, they can offer high-interest savings paying many times higher than the national average of 0.46%*. To make the search easier, we created this shortlist of standout picks from our partners. Check out the offers, from our partners, and start earning interest today.
The best online savings accounts offer high interest rates while being a safe place to park your money. Because online banks don’t have the expense of maintaining branches, they can offer high-interest savings paying many times higher than the national average of 0.46%*. To make the search easier, we created this shortlist of standout picks from our partners. Check out the offers, from our partners, and start earning interest today.
Standout Online Savings Accounts From Our Partners
Bank/institution | NerdWallet rating | APY | Bonus | Learn more |
---|---|---|---|---|
![]() SoFi Checking and Savings Learn more at SoFi Bank, N.A., Member FDIC | 4.60% With $0 min. balance for APY | $250 Earn up to $250 with direct deposit. Terms apply. | Learn more at SoFi Bank, N.A., Member FDIC | |
![]() Discover Bank Online Savings Learn more at Discover Bank, Member FDIC | 4.35% With $0 min. balance for APY | $200 Requirements to qualify | Learn more at Discover Bank, Member FDIC | |
![]() American Express® High Yield Savings Account Learn more at American Express National Bank, Member FDIC | 4.30% With $1 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC | |
![]() CIT Bank Platinum Savings Learn more at CIT Bank, Member FDIC | 5.05% With $5,000 min. balance for APY | N/A | Learn more at CIT Bank, Member FDIC |
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Fidelity

Fees
per trade for online U.S. stocks and ETFs
Account minimum
Promotion
no promotion available at this time
on Fidelity's website
Merrill Edge® Self-Directed

Fees
per trade
Account minimum
Promotion
no promotion available at this time
SoFi Active Investing

Fees
per trade
Account minimum
Promotion
in free stock for users who sign up via mobile app
on SoFi Invest's website
4.60%
$250
4.35%
$200
4.30%
N/A
*The national average annual percentage yield ("APY") is listed as 0.46% as reported by the Federal Deposit Insurance Corporation as of October 6, 2021.
To recap our selections...
NerdWallet's Standout Online Savings Accounts
- SoFi Checking and Savings: 4.60% APY
- Discover Bank Online Savings: 4.35% APY
- American Express® High Yield Savings Account: 4.30% APY
- CIT Bank Platinum Savings: 5.05% APY