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Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

More online banks are raising interest rates on savings accounts. For example, UFB Direct, Bread Savings, and LendingClub all have savings accounts paying 2.85% APY or more.

Our best savings accounts guide and best high-yield savings account guide can be great starting points in your research if you’re looking for bank accounts with unique perks or features. But if you prioritize finding the highest rates above all else, this list is for you.

What are the interest rates for savings accounts today?

The FDIC keeps tabs on national rates for interest-earning bank accounts. The average interest rate paid by a savings account right now is 0.17% APY.

We’ve been checking over a dozen financial institutions to keep up with their new rate offerings. Our list includes accounts with much higher interest rates than the national average, since online institutions tend to offer high-yield bank accounts.

The most competitive high-yield savings accounts pay up to 3.01% APY right now. Keep in mind interest rates may change. Savings accounts have variable interest rates, which means that the rates can fluctuate at any time. 

The Federal Reserve has increased the federal funds rate several times this year, so savings interest rates are also expected to steadily increase throughout 2022.

Highest savings account rates: October 10, 2022

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Editor’s rating

4/5

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Open an account with at least $100

Editor’s rating

4.25/5

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Open an account with at least $100

Editor’s rating

4.25/5

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Open an account with at least $500

Editor’s rating

4.25/5

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Editor’s rating

4/5

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Must have an account balance of at least $0.01

Editor’s rating

4.25/5

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Open an account with at least $100

Editor’s rating

4.25/5

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To earn 2.70% APY you must be a Personal Capital advisory client

Editor’s rating

3.75/5

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4.5/5

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Best savings account interest rates

UFB Elite Savings: up to 3.01% APY


Annual Percentage Yield (APY)

up to 3.01% APY


Minimum Deposit Amount

$0

UFB Direct UFB Elite Savings


Annual Percentage Yield (APY)

up to 3.01% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

up to 3.01% APY


Minimum Deposit Amount

$0

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UFB Elite Savings could be worthwhile if you’d like easy access to your account — the savings account comes with an ATM card. UFB Direct only offers types of online savings accounts. If you’re planning on opening a checking account or CD as well, you might consider other options.

Bread Savings: 2.90% APY

Bread Savings Bread Savings High-Yield Savings Account

Bread Savings High-Yield Savings Account


Annual Percentage Yield (APY)

2.90% APY


Minimum Deposit Amount

$100

Bread Savings Bread Savings High-Yield Savings Account

Bread Savings High-Yield Savings Account


Annual Percentage Yield (APY)

2.90% APY


Minimum Deposit Amount

$100

On Bread Savings’s website


Annual Percentage Yield (APY)

2.90% APY


Minimum Deposit Amount

$100

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The Bread Savings High-Yield Savings Account is another solid high-yield savings account. It could be a good choice if you have at least $100 to get started.

If you haven’t heard of Bread Savings, you might be familiar with Comenity Direct. Comenity Direct has recently been rebranded because its parent company, Bread Financial, has expanded to include lending options.

LendingClub High-Yield Savings Account: 2.85% APY

LendingClub LendingClub High-Yield Savings Account

LendingClub High-Yield Savings Account


Annual Percentage Yield (APY)

2.85% APY


Minimum Deposit Amount

$100

LendingClub LendingClub High-Yield Savings Account

LendingClub High-Yield Savings Account


Annual Percentage Yield (APY)

2.85% APY


Minimum Deposit Amount

$100


Annual Percentage Yield (APY)

2.85% APY


Minimum Deposit Amount

$100

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The LendingClub High-Yield Savings Account might be ideal if you have at least $100 to open an account. LendingClub also has a solid cash-back checking account. 

BrioDirect High-Yield Savings Account: 2.80% APY

BrioDirect BrioDirect High-Yield Savings Account

BrioDirect High-Yield Savings Account


Annual Percentage Yield (APY)

2.80% APY


Minimum Deposit Amount

$500

BrioDirect BrioDirect High-Yield Savings Account

BrioDirect High-Yield Savings Account


Annual Percentage Yield (APY)

2.80% APY


Minimum Deposit Amount

$500


Annual Percentage Yield (APY)

2.80% APY


Minimum Deposit Amount

$500

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The BrioDirect High-Yield Savings Account may be appealing if you can open an account with at least $500. Most high-yield savings accounts at online banks have lower minimum opening deposits, though.

Bask Bank Interest Savings Account: 2.75% APY

Bask Bank Bask Bank Interest Savings Account

Bask Bank Interest Savings Account


Annual Percentage Yield (APY)

2.75% APY


Minimum Deposit Amount

$0

Bask Bank Bask Bank Interest Savings Account

Bask Bank Interest Savings Account


Annual Percentage Yield (APY)

2.75% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

2.75% APY


Minimum Deposit Amount

$0

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Bask Bank could be a good fit if you’d like to open an account with $0. However, keep in mind that the online-only bank only offers two types of savings accounts. If you’re also looking for a checking account or CD, you’ll want to consider other financial institutions. 

Credit Karma Save Account: 2.73% APY

Credit Karma Credit Karma Money Save Account

Credit Karma Money Save Account


Annual Percentage Yield (APY)

2.73% APY


Minimum Deposit Amount

$0

Credit Karma Credit Karma Money Save Account

Credit Karma Money Save Account


Annual Percentage Yield (APY)

2.73% APY


Minimum Deposit Amount

$0

On Credit Karma’s website


Annual Percentage Yield (APY)

2.73% APY


Minimum Deposit Amount

$0

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The Credit Karma Money Save Account has no minimum opening deposit or monthly fees. This may a good option if you are looking to open a high interest rate on a savings account or you find Credit Karma’s instant feature appealing. Credit Karma’s Instant Karma feature allows you to earn rewards when you use your Credit Karma debit card. 

Keep in mind Credit Karma only has a save account and spend account. If you’d like to open a CD or money market account too, you might consider other institutions.

CIT Bank Savings Connect: 2.70% APY

CIT Bank CIT Bank Savings Connect Account

CIT Bank Savings Connect Account


Annual Percentage Yield (APY)

2.70% APY


Minimum Deposit Amount

$100

CIT Bank CIT Bank Savings Connect Account

CIT Bank Savings Connect Account


Annual Percentage Yield (APY)

2.70% APY


Minimum Deposit Amount

$100


Annual Percentage Yield (APY)

2.70% APY


Minimum Deposit Amount

$100

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The CIT Bank Savings Connect Account is straightforward savings account with a high-interest rate. CIT Bank might be ideal if you’re searching for CDs or money market accounts, too. CIT Bank is currently offering a unique promotional offer through its money market account, and the bank offers a wide range of CD options.

Personal Capital Cash Account: 2.60% to 2.70% APY

Personal Capital Personal Capital Cash Account

Personal Capital Cash Account


Annual Percentage Yield (APY)

2.60% to 2.70% APY


Minimum Deposit Amount

None

Personal Capital Personal Capital Cash Account

Personal Capital Cash Account


Annual Percentage Yield (APY)

2.60% to 2.70% APY


Minimum Deposit Amount

None

On Personal Capital’s website


Annual Percentage Yield (APY)

2.60% to 2.70% APY


Minimum Deposit Amount

None

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Although Personal Capital is primarily an investment platform, you may also earn a high interest rate on your cash by opening the Personal Capital Cash Account. Anyone can open an account as long as they’re a US citizen or a US permanent resident who is over the age of 18 and doesn’t have any IRA backup withholdings.

To earn 2.70% APY, you must be a Personal Capital advisory client. Otherwise, you’ll earn 2.60% APY.

TAB Bank High-Yield Savings Account: 2.66% APY 

TAB Bank TAB High-Yield Savings Account

TAB High-Yield Savings Account


Annual Percentage Yield (APY)

2.66% APY


Minimum Deposit Amount

$0

TAB Bank TAB High-Yield Savings Account

TAB High-Yield Savings Account


Annual Percentage Yield (APY)

2.66% APY


Minimum Deposit Amount

$0


Annual Percentage Yield (APY)

2.66% APY


Minimum Deposit Amount

$0

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You might consider banking with TAB Bank if you’re looking to open other accounts along with your high-yield savings account. TAB Bank pays competitive rates on CDs along with its high-yield savings account.

TAB Bank doesn’t have an ATM network, though, so when you use any ATM, the bank will charge you a fee.



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