High-Yield Savings Accounts & Money Market Account Rates

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Opening an online savings account is a great way to earn some extra money on your cash. You can transfer funds quickly and easily from your existing checking accounts (which likely pays next to zero interest). Here are some current top rates, curated to include established FDIC-insured banks with a reliable history of competitive rates and no balance cap.

Capital One 360 Performance Savings

  • Summary: The Capital One  360 Performance Savings account pays 0.40% APY with no minimum balance, with no monthly maintenance fees and just a $1 minimum deposit.
  • Capital One bank has the DNA from the very first high-yield online savings account providers.

GS BankMarcus Bank (Goldman Sachs)

  • Summary: Marcus by Goldman Sachs sports a 0.50% APY with no monthly maintenance fees and just a $1 minimum deposit. Open with my referral link at get an 1.00% APY for your first 3 months (an additional 0.50% APY above the usual rate).
  • AARP members may be eligible for a slight rate boost.
  • Marcus is a new initiative by Goldman Sachs to get into debt consolidation and personal loans. Their banking arm serves as a source of funds, so hopefully they’ll keep their rates high and competitive.

Ally Bank LogoAlly Bank

  • Summary: Ally Bank currently yields 0.50% APY with no monthly maintenance fees or deposit minimums.
  • Ally Bank also offers a wide variety of products including a checking account, High-Yield CDs, Raise Your Rate CD, and a No Penalty CD.

American Express Bank

  • Summary: American Express High Yield Savings is now at 0.40% APY.  
  • American Express offers an online savings account backed by their excellent customer service reputation. You can reach a human 24/7 via phone call at 1-800-446-6307.

CIT Bank LogoCIT Bank Money Market

  • Summary: CIT Bank is offering 0.45% APY on all accounts with a $100 minimum opening deposit and ongoing minimum balance requirement.
  • CIT Bank focuses on savings deposit products, including No Penalty CDs, Ramp Up CDs, and Term CDs with competitive rates.

These high-interest savings account rates are current as of December 2021.

Last updated: December 5, 2021
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