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 |
---|---|---|---|---|
⏰ 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 | |
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 | |
Marcus by Goldman Sachs Online Savings Account Learn more at Goldman Sachs Bank USA, Member FDIC | 4.40% With $0 min. balance for APY | N/A | Learn more at Goldman Sachs Bank USA, 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
⏰ 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.
4.30%
With $1 min. balance for APY
N/A
4.40%
With $0 min. balance for APY
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
- American Express® High Yield Savings Account: 4.30% APY
- Marcus by Goldman Sachs Online Savings Account: 4.40% APY