10 High-Yield Savings Accounts to Open in 2024

Aquib Nawab

Personal Finance

Image Credit: Canva

1. Milli Savings Account

It offers a remarkable 5.50% APY. It has a $0 minimum opening deposit requirement, no minimum balance required, and no monthly maintenance fee.

Credits: Business Insider

Credits: SFGate

2. Popular Direct Savings Account

It offers a competitive 5.40% APY. To open this account, you'll need a $100 deposit, and to earn the 5.40% APY, maintain a $100 minimum balance. It has no monthly maintenance fee but charges a $25 fee for closing within the first 180 days.

3. MyBankingDirect Savings Account

It offers an attractive 5.35% APY. Opening this account requires a $500 minimum deposit, and you should maintain a $500 minimum balance to earn the APY. There are no monthly maintenance fees.

Credits: Go Banking Rates

Credits: Brio Direct Banking

4. Brio Direct Savings Account

It provides a competitive 5.35% APY. It has a higher entry requirement with a $5,000 minimum opening deposit. To earn the top APY, you'll need to maintain a minimum balance of $25, and it also has no monthly maintenance fee.

5. Blue Peak Credit Union Savings Account

It offers a 5.33% APY. You'll need a $25 minimum opening deposit and must maintain a daily balance of at least $200 to avoid a $5 per month account fee.

Credits: BluPeak Credit Union, facebook

Credits: Smirk New Media

6. Vio Bank Savings Account

It offers a competitive 5.30% APY. To open this account, you'll need a $100 minimum deposit, and there is no minimum balance required to earn the APY. It also has no monthly maintenance fee.

7. Tab Bank Savings Account

It provides a solid 5.27% APY. It stands out with a $0 minimum opening deposit requirement, and you only need a minimal balance of $0.01 to earn the APY. There are no monthly maintenance fees.

Credits: Hustler Money Blog

Credits: Bank Truth

8. Total Direct Bank Savings Account

It offers a competitive 5.26% APY. To open this account, you'll need a $25,000 minimum deposit via ACH. To earn the advertised APY, maintain a $2,500 minimum balance. There is no monthly maintenance fee.

9. UFB Direct Savings Account

The UFB Direct Savings Account stands out for having no minimum balance requirement to earn the top 5.25% APY. It also offers ATM access and has no monthly maintenance fee.

Credits: Investopedia

10. Newtek Bank Savings Account

It has a $0 minimum deposit requirement and offers a 5.25% APY. There is no minimum balance required to earn the advertised APY, and it has no monthly maintenance fee.

Credits: Newtek Bank

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