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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 0.17%*. 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

SoFi Checking and Savings
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at SoFi, Member FDIC

SoFi Checking and Savings

5.0

NerdWallet rating 
SoFi Checking and Savings

APY

2.00%

With $0 min. balance for APY

Bonus

$300

Earn up to $300 with direct deposit. Terms apply.

Learn more

at SoFi, Member FDIC

CIT Bank Savings Connect
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at CIT Bank, Member FDIC

CIT Bank Savings Connect

4.5

NerdWallet rating 
CIT Bank Savings Connect

APY

2.40%

With $100 min. balance for APY

Bonus

N/A
Learn more

at CIT Bank, Member FDIC

Citizens Online Savings Account
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at Citizens, Member FDIC

Citizens Online Savings Account

4.0

NerdWallet rating 
Citizens Online Savings Account

APY

2.35%

With $5,000 min. balance for APY

Bonus

N/A
Learn more

at Citizens, Member FDIC


Why we like it

This online-only division of East Coast-based Citizens Bank has impressive rates for savings and certificates of deposit. Citizens Access’ savings account offers 2.35% APY and doesn’t charge any fees. The required minimum to open is $5,000, which is steeper than some online banks, and if the balance drops below that, the APY does as well. The easy-to-use website is mobile-friendly, allowing check deposits, but there is no mobile app.

Read Full Review
LendingClub High-Yield Savings
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at LendingClub Bank, Member FDIC

LendingClub High-Yield Savings

5.0

NerdWallet rating 
LendingClub High-Yield Savings

APY

2.65%

With $0 min. balance for APY

Bonus

N/A
Learn more

at LendingClub Bank, Member FDIC

Discover Bank Online Savings
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at Discover Bank, Member FDIC

Discover Bank Online Savings

5.0

NerdWallet rating 
Discover Bank Online Savings

APY

2.10%

With $0 min. balance for APY

Bonus

$200

Requirements to qualify

Learn more

at Discover Bank, Member FDIC


Why we like it

The interest rate for Discover Bank Online Savings account is among the highest at 2.10% APY, and there are no fees, which means there are no monthly fees, no overdraft fees and no minimum amount to open an account. And there’s a bonus, if you’re eligible.

Learn more about banking at Discover with our full review.

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Barclays Online Savings Account
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at Barclays, Member FDIC

Barclays Online Savings Account

4.5

NerdWallet rating 
Barclays Online Savings Account

APY

2.25%

With $0 min. balance for APY

Bonus

N/A
Learn more

at Barclays, Member FDIC


Why we like it

Saving money is easy at Barclays, the online U.S. division of a global financial company. There are no minimums, no maintenance fees and a top-notch rate of 2.25% APY for its Online Savings account. You can transfer money to and from another bank and view Barclays accounts on its website and mobile app, as well as deposit checks on the app. Phone service is available every day, 8 a.m. to 8 p.m. Eastern time.

This savings account was named one of the best in NerdWallet's 2019 Best-Of Awards.

Check our Barclays review for more details.

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Chime High Yield Savings
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at Chime, Deposits are FDIC Insured

Chime High Yield Savings

4.5

NerdWallet rating 
Chime High Yield Savings

APY

1.50%

With $0.01 min. balance for APY

Bonus

N/A
Learn more

at Chime, Deposits are FDIC Insured

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.

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.

**6x more interest based on the national average annual percentage yield ("APY") of 0.17% (as reported by the Federal Deposit Insurance Corporation as of April 22, 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.

*The national average annual percentage yield ("APY") is listed as 0.17% as reported by the Federal Deposit Insurance Corporation as of April 22, 2021.

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UFB Elite Money Market

3.5

NerdWallet rating 
UFB Elite Money Market

APY

2.85%

With $0 min. balance for APY

at UFB Direct, Member FDIC

Wealthfront Cash Account

4.0

NerdWallet rating 
Wealthfront Cash Account

Monthly fee

$0

APY

2.55%

With $1 min. balance for APY

at Wealthfront

Fidelity

5.0

NerdWallet rating 
Fidelity

Fees

$0

per trade for online U.S. stocks and ETFs

Account minimum

$0

Promotion

Get $100

when you open a new, eligible Fidelity account with $50 or more. Use code FIDELITY100. Limited time offer. Terms apply.

on Fidelity's website

To recap our selections...

NerdWallet's Standout Online Savings Accounts