Best high-yield savings rates
Rates as of June 25, 2026.
High-yield savings is liquid (no lock-up) and these top APYs dwarf the 0.4% FDIC national average. Rates are variable and can change any time.
| Institution | Term | APY | Min | Early withdrawal | vs national avg |
|---|---|---|---|---|---|
| Varo Bank | No term (liquid) | 5.0% | $0 | Top tier up to a balance cap; conditions apply | +4.6% |
| Axos ONE | No term (liquid) | 4.21% | $0 | Conditions apply | +3.81% |
| Newtek Bank | No term (liquid) | 4.2% | $0 | None | +3.8% |
| Marcus by Goldman Sachs | No term (liquid) | 4.1% | $0 | None | +3.7% |
| SoFi | No term (liquid) | 4.0% | $0 | With qualifying direct deposit | +3.6% |
| Ally Bank | No term (liquid) | 3.8% | $0 | None | +3.4% |
| American Express | No term (liquid) | 3.8% | $0 | None | +3.4% |
APYs are a dated snapshot and change frequently — verify the current rate with the institution before opening an account. CD and savings interest is taxable as ordinary income (federal and state).
Deposit calculator
See what a deposit grows to — and what you'd actually net if you break a CD early. (Savings has no early-withdrawal penalty, so leave it at 0.)
Is a Treasury better after tax?
Treasury interest is exempt from state income tax, so in a high-tax state a lower-yield T-bill can beat a higher-APY CD. Enter your marginal tax rates to compare after-tax, like for like.
After-tax comparison only; both are very low risk. Treasuries (and Treasury money-market funds) are state-tax-free; CD and savings interest is fully taxable. Confirm your bracket — this is not tax advice.