Standout Online Savings Accounts
The best online savings accounts offer high interest rates while being a great 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 0.47%*. 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 great 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 0.47%*. 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 |
---|---|---|---|---|
⏰ LTO SoFi Checking and Savings Learn more at SoFi Bank, N.A., Member FDIC | 4.60% With $0 min. balance for APY | $400 Limited-time offer Up to $300 cash and $100 in rewards points. Terms apply. | Learn more at SoFi Bank, N.A., Member FDIC | |
Barclays Online Savings Account Learn more at Barclays, Member FDIC | 4.35% With $0 min. balance for APY | $200 Requirements to qualify | Learn more at Barclays, Member FDIC | |
American Express® High Yield Savings Account Learn more at American Express National Bank, Member FDIC | 4.35% With $1 min. balance for APY | N/A | Learn more at American Express National Bank, Member FDIC |
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Wealthfront Cash Account
Monthly fee
APY
With $1 min. balance for APY
Bonus
Requirements to qualify
at Wealthfront
Fidelity
Fees
per trade for online U.S. stocks and ETFs
Account minimum
Promotion
no promotion available at this time
on Fidelity's website
E*TRADE
Fees
per trade. Other fees apply.
Account minimum
Promotion
when you open and fund an E*TRADE account
on E*TRADE's website
⏰ Limited-time offer
Limited-time offer
Don’t miss out on a bigger bonus
Get a NerdWallet-exclusive bonus of up to $400 when you open an account and hit $5,000 in direct deposits within 25 days after your first one. That’s $100 more than SoFi’s normal $300 bonus! Select "Learn More" to get started. Expires 4/22/24. Terms apply.
4.35%
With $0 min. balance for APY
$200
Requirements to qualify
4.35%
With $1 min. balance for APY
N/A
*The national average annual percentage yield ("APY") is listed as 0.47% as reported by the Federal Deposit Insurance Corporation as of March 17, 2024 .
To recap our selections...
NerdWallet's Standout Online Savings Accounts
- SoFi Checking and Savings: 4.60% APY
- Barclays Online Savings Account: 4.35% APY
- American Express® High Yield Savings Account: 4.35% APY