A high yield savings account is an account that offers a higher interest rate that is generally higher than the national average and many financial amenities.
FDIC insurance offers high-yield and protects your money up to $250,000 per account against bank failure.
Varo Savings Account
Varo savings account has an annual percentage yield of 0.50% to 3.00%, with a $0 minimum deposit requirement, along with a $0 monthly maintenance fee.
Axos High Yielding Savings
Axos High-Yield Savings does not charge monthly maintenance fees nor has a minimum balance requirement, and it even comes with a debit card request.
Synchrony Bank High Yield Savings
Synchrony Bank offers a high APY and no monthly maintenance fees; along with this, account holders can access the ATMs.
Marcus by Goldman Sachs Online Savings Account
Marcus by Goldman Sachs Online Savings Account is relatively new to the bank market, but it already offers competitive APY, low fees, and minimum balance requirements.
American Express National Bank
American Express National Bank is known for being a credit card issuer, but its savings account is also attention as it offers low fees and high APY.
Ally Online Savings
Ally Online Savings gives a high APY and requires no monthly maintenance fees, no minimum balance requirements, desktop, and mobile tools to make your savings easier to handle.
Vio Bank High Yield Online Savings Account
The Vio Bank High Yield Online Deposit account offers a high APY to all customer accounts. It, therefore, has no monthly management fees, making it an excellent choice for anybody looking to grow their savings.
CIT Bank Savings Builder
The CIT Bank Savings Builder account has a tiered APY system that can give up to 0.40% APY if a $25,000 or more balance is maintained or if $100 is deposited every month.
Discover Online Savings
The Discover Online Savings account gives a high APY. It has a no-fee methodology. It also has its own mobile application that lets clients stay associated with their savings from anywhere.
Above are some Best high yield online savings accounts; although these accounts are some of the best choices, you are free to explore more than the ones mentioned above.