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 0.07%*. 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 0.07%*. 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 |
|---|---|---|---|---|
 Marcus by Goldman Sachs Online Savings Account Learn more at Marcus by Goldman Sachs, Member FDIC | 0.70% With $0 min. balance for APY | N/A | Learn more at Marcus by Goldman Sachs, Member FDIC | |
 LendingClub High-Yield Savings Learn more at LendingClub Bank, Member FDIC | 0.85% With $0.01 min. balance for APY | N/A | Learn more at LendingClub Bank, Member FDIC | |
 American Express® High Yield Savings Account Learn more at American Express National Bank, Member FDIC | 0.60% With $1 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC | |
 Capital One 360 Performance Savings™ Learn more at Capital One, Member FDIC | 0.60% With $0 min. balance for APY | N/A | Learn more at Capital One, Member FDIC |
at Marcus by Goldman Sachs, Member FDIC
Marcus by Goldman Sachs Online Savings Account
APY
0.70%With $0 min. balance for APY
Bonus
N/Aat Marcus by Goldman Sachs, Member FDIC
233,298 people visited as of Apr 14th, 2022
at LendingClub Bank, Member FDIC
LendingClub High-Yield Savings
APY
0.85%With $0.01 min. balance for APY
Bonus
N/Aat LendingClub Bank, Member FDIC
17,823 people visited as of Apr 14th, 2022
at American Express National Bank, Member FDIC
American Express® High Yield Savings Account
APY
0.60%With $1 min. balance for APY
Bonus
N/Aat American Express National Bank, Member FDIC
102,251 people visited as of Apr 14th, 2022
at Capital One, Member FDIC
Capital One 360 Performance Savings™
APY
0.60%With $0 min. balance for APY
Bonus
N/Aat Capital One, Member FDIC
5,345 people visited as of Apr 14th, 2022
Building an emergency fund
Emergency funds don’t get enough credit. They’re useful to literally everyone and protect you from falling into debt when life happens. Think: blown transmission, a surprise vet bill or even losing a job. Experts recommend having 3-6 months of living expenses in your fund. And because the money needs to be available at last notice — but might sit around for quite a while — a high-interest savings account is one of the best accounts you can use.
Why online banks dominate the list
The two most important factors for virtually every bank-shopper are APYs and maintenance fees (since they have the biggest impact on your bottom line). And, as it happens, online banks are offering massive APYs — as much as 6x the average APY** — plus, they also offer rock-bottom maintenance fees.
___________________________________________________________________________________________
*The national average annual percentage yield ("APY") is listed as 0.07% as reported by the Federal Deposit Insurance Corporation as of October 6, 2021.
**6x more interest based on the national average annual percentage yield ("APY") of 0.07% (as reported by the Federal Deposit Insurance Corporation as of October 6, 2021) as compared to online banks with interest-bearing savings account APYs of 0.40% or more. Estimated annual earnings result assumes principal and interest remain on deposit for one year and interest rates and APY do not change. Estimated annual earnings are for informational purposes only. Interest rates and APY are subject to change and specific results cannot be guaranteed.
You may also like these
Merrill Edge
Fees
per trade
Account minimum
Promotion
when you invest in a new Merrill Edge® Self-Directed account.
on Merrill Edge's website
Marcus by Goldman Sachs High-Yield CD
Minimum deposit
Member FDIC
APY
at Marcus by Goldman Sachs, Member FDIC
To recap our selections...
NerdWallet's Standout Online Savings Accounts
- Marcus by Goldman Sachs Online Savings Account: 0.70% APY
- LendingClub High-Yield Savings: 0.85% APY
- American Express® High Yield Savings Account: 0.60% APY
- Capital One 360 Performance Savings™: 0.60% APY
