20 Best Bank Accounts for Earning High-Interest Rates

Your savings would be much enhanced by choosing banks that give high-interest rates. Although many banks have appealing rates, you should make sure you read the terms and restrictions before committing. This page discusses 20 top bank accounts for maximum interest generation and optimizing your financial development.

Tricia Quitales
February 24, 2025
6 min read

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Finding the best high-interest accounts is vital for your financial future as many savings accounts have low-interest rates in numerous locations. With information on the 20 best bank accounts for maximizing interest rates, this article offers details on every choice and how you can increase your money. We’ll look at a variety of accounts with competitive interest rates, low fees, and first-rate customer care from internet banks to credit unions. Knowing the salient features of every account can help you decide which one best fits your saving objectives.

1. Ally Online Savings Account

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With no minimum balance requirements or monthly fees, Ally provides one of the best interest rates among online banks. Their simple mobile banking choices and first-rate customer service have earned them recognition. Those who wish to increase their savings free from charges will find an ideal fit in this account.

2. Marcus by Goldman Sachs High-Yield Online Savings Account

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Marcus presents attractive interest rates that are free of cost and without minimum deposit limits. Supported by reputable financial company Goldman Sachs, this is a great choice for those who wish to make their money work harder. The account also provides simple online management, facilitating your income tracking.

3. Discover Online Savings Account

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Discover’s online savings account presents a competitive interest rate free of monthly fees and no minimum balance requirements. Consumers can access their accounts through the Discover app or website, which offers quick navigation and safe transactions. Those who wish to get great interest without any additional problems might find this account perfect.

4. American Express High-Yield Savings Account

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With no monthly fees and a basic account structure, American Express presents a highly competitive savings account based on interest rates. You guarantee flexibility by managing your account either through their app or online. Those who want to save money and avoid the headache of unnecessary charges will find a wonderful fit in this account.

5. Capital One 360 Performance Savings

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Strongly competitive for those wishing to increase their savings, Capital One 360 has a high-interest savings account free of fees or minimum balances. Additionally, it has a user-friendly mobile app for simple account management. If you want in-person help, Capital One also maintains physical branches in specific areas.

6. Synchrony High-Yield Savings Account

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Synchrony offers a high-yield savings account free of monthly fees with among the finest interest rates available. It offers a simple online experience and access to a large ATM network. The account also makes it easy to move money between linked accounts.

7. Barclays Online Savings Account

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With no minimum amount or fees, Barclays Online Savings Account provides a competitive interest rate. Their straightforward UI and safe Internet banking let you quickly manage your savings wherever you are. Additionally, Barclays has useful customer support.

8. FNBO Direct Online Savings Account

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FNBO Direct offers a high-yield savings account with a high interest rate and no minimum balance requirements. Opening an account is simple, and the online platform is also straightforward. For simple withdrawals and transfers, you can link your account online.

9. CIT Bank Savings Builder Account

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CIT Bank offers a special savings account known as the Savings Builder, which pays you for saving regularly. Maintaining a higher balance or making a monthly deposit can generate a good interest rate. This is a fantastic choice for people who wish to keep motivated to save.

10. Chase Premier Savings

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Along with reasonable rates, Chase Premier Savings provides a banking network advantage. If you are already a Chase client, you can conveniently link this account to your current one for easy management. The account features tiered rates, so greater balances result in more interest.

11. Radius Bank High-Yield Savings Account

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For savers, Radius Bank High-Yield Savings Account is a great option since it offers no monthly fees, and the account offers simple online and mobile banking features together with a competitive interest rate. Additionally, free access to your account comes from a wide ATM network.

12. Vio Bank High-Yield Online Savings

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Vio Bank provides a high-interest online savings account free of monthly maintenance costs and a substantial interest rate. Savers who prefer a straightforward platform will find the account perfect since it is quick to open and handle. For peace of mind, Vio Bank also provides safe online banking.

13. Laurel Road High-Yield Savings Account

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Laurel Road presents a competitive interest rate high-yield savings account free of monthly fees. No minimum balance is needed in the account, which has simple internet access. Laurel Road is well-known for emphasizing how individuals should build money, particularly for those with school loans.

14. PurePoint Financial High-Yield Savings Account

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PurePoint Financial presents a quick application process and a high-yield savings account with a good interest rate. They do not charge monthly fees; the maximum rate is not earned by minimum balance requirements either. The simple navigation of their internet platform guarantees a flawless banking experience.

15. TIAA Bank Yield Pledge Online Savings Account

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Renowned for its attractive interest rate, TIAA Bank presents the Yield Pledge Online Savings Account. Monthly fees are not applicable; the account has access to a simple online platform. Customers choose TIAA Bank consistently because of its reputation and excellent customer service.

16. HSBC Direct Savings Account

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For people who want to simply access their money, HSBC’s Direct Savings account is a great option with reasonable rates. Accessible for all kinds of savers, the account has no minimum deposit or monthly fees. For any questions, HSBC also offers strong client service.

17. Sallie Mae High-Yield Savings Account

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Sallie Mae offers a competitive interest rate for their high-yield savings account free of monthly fees. The system lets you link several accounts for flawless transfers and opens and manages the account easily. Sallie Mae’s standing in student loans also permeates their savings offerings.

18. OneWest Bank High-Yield Savings Account

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OneWest provides a good interest rate, high-yield savings account free of monthly fees. Their offer is perfect for those who wish to get extra interest without considering minimum balance criteria. Through their app, you can manage your account.

19. Bask Bank Interest Savings Account

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Easy internet access and a high-interest savings account free of monthly fees are the features of Bask Bank. Perfect for all savers, the account lets you obtain great rates without a minimum balance. Strong security policies offered by Bask Bank also help guard your money.

20. ETRADE High-Yield Savings Account

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ETRADE provides a competitive interest rate high-yield savings account free of monthly maintenance costs. The account offers simple online maintenance, and opening an account is easy. ETRADE additionally provides a suite of tools and resources to meet your financial objectives.