Best High Interest Savings Accounts April 2023

How to use this List

1. This List is a guide and resource for finding the perfect account for you quickly with little additional research. But when signing up for an account, ensure you FULLY understand all the rules and regulations. This is your money, and you are responsible for its success. 
2. All the banks are backed by the FDIC, meaning your money is protected.
3. APYs are subject to change at any time. They fluctuate with inflation and interest rates. Experts say they should continue to rise over the next few years.
4. Some of these accounts have strict rules on receiving the full APY, but you will not lose money for not complying with their rules.
5. It is not worth opening and closing accounts within a calendar year to chase the best offer. Stick with one account, and after 12 months, reassess if you want a new one.
6. A high-interest savings account is not a place to put the money you need for day expenses. Be careful of pulling out money more than six times in a month.
7. You can have multiple accounts if it serves your short and mid-term goals. 

UFB Elite Savings (associated with Axos bank)

The Deal: Earn 5.02% APY, no monthly maintenance fee, no minimum balance

Sofi Checking And Savings Account

The Deal: Earn 4.00% APY on your savings account and 1.2% on your checking account. Earn $275 with qualifying by setting up a direct deposit and deposit at least $5000 in direct deposits within 25 days of opening the account. Great referral program, offering $50 for every person who opens an account.

The Rules: 

1. Must have direct deposit to maintain the 4.00% APY. Otherwise, the interest goes down to 1.2%
2. Not an ideal account for independent contractors or people without direct deposit
3. There is no minimum amount to direct deposit

Wealthfront - Cash Account

The Deal: Earn 4.30% APY. No monthly maintenance fee. No minimum balance required. Can act as a checking account as well. You can pay bills with this account. Can receive direct deposit two days earlier. Unlimited free transfers. 

The Rules: 

1. Wealthfront has 19,5000 ATMS worldwide but any ATM outside their network charges $2.50

Alliant Credit Union - High Rate Savings

The Deal: Earn 3.1% APY plus $100 sign in bonus if you contribute $100 a month for the first 12 months. No monthly maintenance fee. Can set up 19 additional savings accounts

The Rules: 

1. Must keep $5 in the account to stay active 
2. Only eligible for new alliant customers 
3. $100 sign in bonus ends December 31st 2022
4. To receive the $100 you must keep a min balance of $100 in the account at all times for the first 12 months
5. Must opt in for free overdraft protection

Sallie Mae - High Yield Savings Account

The Deal: Earn 3.95% APY, no minimum balance, no monthly maintenance fee, free transfers.

The Rules:

1. $19 insufficient fund charge 

Synchrony Bank - High Yield Savings

The Deal: Earn 4.10% APY, no monthly maintenance fee, no required minimum balance. Comes with an ATM card.

Bask Bank - Interest Savings Account

The Deal Earn 4.45% APY and American Airline points with a interest savings account, no monthly maintenance fee, no minimum balance requirement

The Rules:

1. If the account is empty for 15 business days, Bask has the right to close the account

Capital One - 360 Performance Savings Account

The Deal: Earn 3.5%, no monthly maintenance fee, no minimum to open account, can set up multiple accounts.

The Rules:

1. No overdraft protection

Marcus - Online Savings Account

The Deal: Earn 3.75%, no monthly maintenance fee, same day transfer and no monthly minimum. 

American Express - High Yield Savings Account

The Deal: Earn 3.75% APY, no monthly maintenance fee, no minimum balance.

Discover - Online Savings Account

The Deal: Earn 3.6% APY, no monthly maintenance fee, no minimum balance, no limit to number of ATM withdrawals.

Barclays - Online Savings 

The Deal: Earn 3.8%, no monthly maintenance fee, no minimum balance, no limit to the amount of transfers

This List  is for educational purposes only. Beyond The Green Coaching claims no responsibility to any person or entity for any liability, loss, or damage caused or alleged to be caused directly or indirectly as a result of the use, application, or interpretation of the information presented herein. Beyond The Green, Coaching assumes no responsibility to claim no responsibility to any person or entity for any liability, loss, or damage caused or alleged to be caused directly or indirectly as a result of the use, application, or interpretation of the information presented herein.