High-Yield Savings Accounts
A high-yield savings account (HYSA) is the simplest way to make your cash work harder. Today's top accounts pay 10–50× more than the national average — with no lockup, no fees, and full FDIC insurance.
Frequently asked questions
What is a high-yield savings account?+
A high-yield savings account (HYSA) is a deposit account that pays a much higher annual percentage yield (APY) than a traditional savings account. Most HYSAs are offered by online banks with low overhead, which they pass on as higher rates.
Are high-yield savings accounts safe?+
Yes. As long as the bank is FDIC-insured (or the credit union is NCUA-insured), your deposits are protected up to $250,000 per depositor, per insured institution.
How often do APYs change?+
HYSA APYs are variable and can change at any time. They typically move in response to changes in the federal funds rate. We update our top-rate list daily.
Can I lose money in a high-yield savings account?+
No. As long as you stay within FDIC limits and the account isn't a fee-heavy product, your principal is safe and grows with interest.
Looking for live rates?
See our daily-updated CD rate comparison.
Compare top APYs →