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 0.46%*. 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 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 0.46%*. 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 | $300 Earn up to $300 with direct deposit. 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 |
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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
4.60%
With $0 min. balance for APY
$300
Earn up to $300 with direct deposit. Terms apply.
4.35%
With $0 min. balance for APY
$200
Requirements to qualify
*The national average annual percentage yield ("APY") is listed as 0.46% as reported by the Federal Deposit Insurance Corporation as of April 15, 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