Best online and high-yield savings accounts of February 2021

 

A savings account is a smart and safe way to grow your wealth. Some of the best online savings accounts can have an APY (Annual Percentage Return) that is more than 12 times the national average APY of 0.05%. If you're interested in growing your savings, your focus on finding the best savings account is the following features:

High APY. The top savings accounts should have a high APY in the range of our selection.

No monthly maintenance fee. Most top savings accounts don't charge you a monthly fee just to have an account.

FDIC insurance. Whether you are setting aside money for building an emergency fund or for a long-term goal, FDIC insurance will protect your money.

Our best savings accounts offer all of these essential and other market-leading benefits. Check out our tips below to get started, and read on to see if a high-yield, online, or traditional savings account is right for you.

The Ascent's Best High Yield and Online Savings Accounts:

OFFER	OUR SCORE	APY	BEST FOR	NEXT STEPS
Discover Online SavingsMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.45%	No monthly maintenance fee	Open Account
Marcus by Goldman Sachs Online Savings AccountGoldman Sachs Bank USA. Member, FDICSponsored Listing	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.50%	No monthly maintenance fee	Open Account
American Express National BankMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.50%	No monthly maintenance fee	Open Account
CIT Bank Savings BuilderMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	Up to 0.45%	No monthly maintenance fee	Open Account
Axos High-Yield SavingsMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.61%	High APY	Open Account
Vio Bank High Yield Online Savings AccountMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.66%	High APY	Read Review
Ally Online SavingsMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.50%	No monthly maintenance fee	Read Review
Synchrony Bank High-Yield SavingsMember, FDIC	We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.      = Best     = Excellent    = Good   = Fair  = Poor	0.60%	High APY	Read Review