9 Best Savings Accounts of 2026

The best savings accounts offer high annual percentage yields (APYs), have low minimum balance requirements and charge few to no fees. Financial institutions should also offer reliable and widely accessible customer service.

The products on our list offer annual percentage yields of up to 4.15%. Read on to see our picks for the best savings accounts for 2026.

Our Top Picks for the 9 Best Savings Accounts of 2026

The companies listed below are organized alphabetically:

• Ally: Best Digital Savings Tools (3% APY)
• Barclays: Best Savings Account to Pari With a Certificate of Deposit (CD) (3.3%)
• Bread: Best No-Frills Savings Account (3.95% APY)
• Capital One: Best Savings Account for Kids and Teens (2.50% APY)
• CIT Bank: Best Savings Account for $5,000 and Up (3.75% APY)
• Marcus by Goldman Sachs: Best Online Savings Account Option (3.4% APY)
• Raisin: Best Savings Account Marketplace (4.15% APY)
• SoFi: Best Savings and Checking Account Combination (Up to 3.8% APY)
• Synchrony Bank: Best Savings Account with an ATM Card (3.3% APY)

*Rates and APYs are subject to change. All information provided here is accurate as of July 15, 2026.

Best Savings Account Reviews

Why we chose it: Ally Bank offers innovative savings tools, such as “buckets” and “boosters,” which are integrated into its mobile app.

Ally Bank’s online savings account not only offers a competitive APY, but also stands out with its smart saving tools. Saving buckets allow savers to divide their savings into up to 10 different categories.

Additionally, Ally Bank offers automated savings tools called boosters that feature:

• Recurring transfers: Schedule recurring transfers from your checking account.

• Round ups: Ally automatically rounds up eligible transactions to the nearest dollar, then automatically transfers these amounts to your savings in increments of $5 or more.

• Surprise savings: Ally analyzes your checking account monthly for funds it considers “safe to save” and automatically transfers them to your savings account.

Note that you can opt in or out of these automated boosters at any time.

Why we chose it: Barclays offers competitive rates for its savings account and certificates of deposit (CDs).

Barclays Online Savings offers a strong APY, and the online bank offers an even higher APY on its CDs. Its CDs come with terms of either 6, 9, 12, 18, 24, 36, 48 or 60 months. If you’re looking to incorporate a CD alongside your savings account, Barclays is a solid choice.

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Why we chose it: Bread Savings has one of the highest APYs on our list. The online bank charges no fees, has a mobile check deposit option and allows unlimited transfers.

Bread Financial offers a high-yield savings account with a strong APY, which requires a minimum opening deposit of $100. You can fund your account through electronic transfers or mobile check deposits in the Bread Financial app.

After funding, Bread Savings has no ongoing minimum balance requirement or monthly fees. The bank also doesn’t charge overdraft fees, and there are no restrictions on the number of transfers to external bank accounts. The bank also has a wide variety of CD terms you can pair with your account.

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Why we chose it: Capital One offers a custodial savings account with no monthly fees, no minimum deposit and a competitive APY. Parents and guardians can link this account to their own to help manage finances.

While best known for its credit cards, Capital One offers multiple savings products, including its Kids Savings Account. Parents and guardians with children of any age can open this free account, which also has no minimum balance requirement, to help them learn personal finance basics without the risk of extra charges.

The savings account can be paired with a fee-free Teen Checking Account, which comes with a debit card that guardians can lock or unlock at any time. Parents and guardians can set up automated deposits from this account as well as transfers from their own accounts, and oversee all of their Capital One accounts via the mobile app.

While the APY on the Kids Savings Account is lower than what’s offered by other financial institutions on our list, it remains a helpful tool for youth to learn how to manage money while under adult supervision.

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Why we chose it: CIT Bank offers 3.75% APY on balances of $5,000 and up.

CIT Bank charges no monthly or overdraft fees and has no limits on how many transfers you can make out of your Platinum Savings account. A $100 deposit is required to open the account. Note that while there is no ongoing minimum balance requirement, only balances of $5,000 and up earn the highest available APY.

CIT Bank also offers the Savings Connect account, which has a slightly lower APY (currently 3.65%). That also requires only $100 to open and there is no minimum to get the highest APY. Like Platinum Savings, this account also features no monthly fees and no overdraft charges.

_{For a complete list of account details and fees, see CIT’s Personal Account disclosures.}

_{*Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of July 15, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of July 15, 2026.}

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Why we chose it: Marcus by Goldman Sachs is our choice for the best online savings account due to its solid APY, fast transfers and low fees

Marcus by Goldman Sachs offers a solid savings account: no fees, competitive APY and no minimum opening deposit requirement. You can also transfer funds both in and out of the account — up to $100,000 — on the same day.

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Why we chose it: Raisin partners with over 100 financial institutions to offer a variety of savings products with competitive APYs.

Raisin is an online marketplace where you can comparison-shop for high-yield savings accounts and CDs from 100+ member FDIC or NCUA national banks, online-only banks and credit unions, including Liberty Savings Bank, EverBank, Quontic Bank, Sallie Mae and Western Alliance Bank.

You can search for accounts based on specific characteristics (e.g., credit union, minority-led, charitable companies, digital first) as well as APY and the amount you plan to deposit.

Furthermore, once you’ve signed up, you can add additional accounts from other partner banks and manage them all at once through your Raisin account.

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Why we chose it: SoFi® offers a strong savings APY and cash back on debit card purchases, plus a signup bonus of up to $400. If you meet certain direct deposit requirements, you can earn up to 3.8% APY for the first six months.

SoFi is an ideal choice for people looking to host their savings and checking accounts within the same bank. Its savings account offers a competitive APY and several savings tools, including automated round-ups. (SoFi automatically rounds up your debit card purchases to the nearest dollar and deposits the change into your savings account.)

Furthermore, new SoFi customers can receive up to $400 as a sign-up bonus. To get the full amount, you must receive direct deposits totaling at least $5,000 during the qualifying period, which starts the day you receive your first direct deposit and ends 25 days later. Direct deposits of at least $1,000 but less than $5,000 qualify for a $50 bonus.

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Why we chose it: Synchrony Bank is one of the few banks that includes an ATM card with its online savings account.

You can use your Synchrony ATM withdrawals for free at in-network ATMs (Plus or Accel) or for a fee at out-of-network ATMs. You may also be able to use your ATM card fee-free at businesses that accept PIN-based ATM cards.

Note that Synchrony only reimburses up to $5 in ATM fees per statement cycle. Additionally, there is a limit of $1,000 in ATM withdrawals per day.

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How to choose a savings account

The most important factor when choosing a savings account should be a high APY. This ensures that your savings get a small monthly boost.

However, the best savings accounts also include features such as:

• No minimum balance requirements

• Easy account management, including online transfers in and out of your account

• Mobile banking app with mobile check deposit

• No limit on how many withdrawals you can make per cycle

• Access to funds via ATM withdrawal with no ATM fees (or unlimited reimbursements)

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How does APY work?

Annual percentage yield (APY) works by compounding interest. The APY shows the total amount of interest you will earn, including both the principal (the funds you deposit) and the interest earned on those funds.

For example: You deposit $1,000 into a savings account with a 5.02% interest rate and 5.15% APY. The interest rate is the amount you earn on the principal ($1,000). However, the APY reflects compound interest, which includes the principal amount plus the interest earned.

We’ll use daily compounding interest in this scenario, because that’s what most savings accounts offer (rather than monthly compounding interest). With an APY of 5.15%, in 12 months — assuming you don’t withdraw or add any funds — you earn a total of $51.48 in interest. At this point, your savings account balance will be $1,051.48.

It’s important to note that APYs are variable and can rise or fall depending on market conditions. Keep an eye out for changes to ensure you’re getting the best possible return on your funds.

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