Compare high yield savings accounts

Written By Aziza Duniani

Financial Tip of the Week

High-Yield savings accounts offer substantially higher interest rates than the average traditional savings account. Often offered by online banks and credit unions, not your typical brick and mortar bank. See below for the WBW 2023 first quarter picks for high yield savings accounts, and how they compare.

WBW Top Picks

High-Yield Savings Accounts 

  • Ally Bank

    • 3.30% APY

    • $0 minimum balance

    • Interest compounded daily

    • Online only

    • No monthly service fees

  • Capital One 360 Performance Savings

    •  3.30% APY

    • No monthly service fees

    • $0 minimum balance

    • Full-service bank with branch locations

  • SoFi Checking & Savings

    • 3.75% APY if you set-up direct deposit

    • No monthly maintenance fees and $0 minimum balance

    • Allpoint ATMs fee free

    • Two-day early direct deposit

    • Savings Vaults: sub accounts that can be used for different savings goals 

    • Online only

  • Marcus by Goldman Sachs

    • 3.30% APY

    • No minimum balance ($1 to earn interest)

    • No monthly fees

    • Online only


Aziza Duniani
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