Best High-Yield Savings Account Rates — October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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High-yield savings account rates range from 4.00% to 10.00% APY, verified by MonitorBankRates as of October 13, 2026. Top high-yield savings rates currently available include Bayer Heritage Federal Credit UnionBayer Heritage Federal Credit Union788 N State Route 2, New Martinsville, WV 26155A5.0 ★Texas Ratio: 11.93% offering High Yield Savings at 10.00% APY, and Bayer Heritage Federal Credit UnionBayer Heritage Federal Credit Union788 N State Route 2, New Martinsville, WV 26155A5.0 ★Texas Ratio: 11.93% offering High Yield Savings Account at 10.00% APY, and ORSA Credit UnionORSA Credit Union500 S HARVEY ST, PLYMOUTH, MI 48170 1759A5.0 ★Texas Ratio: 12.47% offering High Yield Savings Account at 10.00% APY, and Quill BankQuill Bank3280 N University Ave, Provo, UT 84604A-5.0 ★Texas Ratio: 14.58% offering High-Yield Savings at 5.10% APY. Savings rates as of October 13, 2026 according to verified data from MonitorBankRates.
We evaluate the financial stability of every listed institution using proprietary Safety Grades (A+ to F), Star Ratings, and Texas Ratios — so you can maximize yield and deposit with confidence.
The APYs displayed reflect actual verified offers. Rates are subject to change at the institution’s discretion without notice. Savings Account Rates Last Updated and Verified: October 13, 2026
Compare the Best High-Yield Savings Rates
Balance: Up to $1000.00
Qualifying balance up to $1,000.00 (first $1000); new High Yield Savings account; Share (Savings) Accounts section
Balances of $1,000.01 and above earn an APY of 0.10%.
Utah residents earn a total of 5.10% APY, combining our 4.10% variable base with a 1.00% Rebrand Boost through January 31, 2027. Non-Utah residents earn our 4.10% APY. The Rebrand Boost of 1.00% applies to the portion of your daily balance up to and including $500,000. The portion of your daily balance above $500,000 earns a 4.10% interest rate. Limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or preauthorized, made by telephone, or made by an online or mobile transfer of funds.
- Oct 7, 20265.10%▲ from 4.00%
- Oct 2, 20264.00%▼ from 5.00%
- Sep 18, 20265.00%first recorded
Qualifying balance up to $10,000.00
Balance: $0 - $499.99
Balances between $5,000.01-$10,000 will earn the lower dividend rate of 2.25% APY. Balances $10,000.01+ will earn the dividend rate of 0.10% APY. No monthly fee
Balance: $1.00 - $2,500.00
Balance: $1.00 - $2,500.00
Balance: $0.00 - $1,000.00; Tier 1
Balance: $0 - $1000
- Oct 10, 20265.00%▲ from 0.90%
- Sep 14, 20260.90%first recorded
Balance: $0.00 - $999.99; Minimum Opening Balance:; Minimum Required Balance:
Balance: $100.00 - $5,000.99 earns APY 5.00%; Balances $5,001.00 and above earn APY 0.20%; Requires open checking account under same membership number; Must be 22 or older; One per Social Security or Taxpayer Identification Number; Minimum Balance/Average Daily Balance: $5/$100
Available only with Unitus Checking; Rate effective 12/12/25; 5 deposited for each debit purchase of $5.00 and up; opt-in round-up available
No additional details available.
Balance: $0 - $5,001; APY*: 4.40%
Balance: $1,000,000+; APY*: 4.25%
Balance: $0.01-$25,000
Promotional rate for 6 months; no monthly account fees and no minimum deposit
- Sep 25, 20264.25%▲ from 4.00%
- Sep 20, 20264.00%first recorded
Balance: $0.00 - $250,000.00
Earn 11x the national average.
New accounts earn a 4.20 % APY on all balances. This is a variable rate account, and the APY may change without notice. Available exclusively online and by phone.
- Oct 7, 20264.20%▲ from 3.90%
- Sep 18, 20263.90%first recorded
Qualifications Required; LevelUp Rate applies when depositing $250+ per month (statement cycle); rate applied to full balance; Standard Rate of 3.00% APY otherwise
6-Month Boost for New Customers. After 6 months, this boost will expire and your rate will revert to our standard variable APY (currently 3.80%).
Non-Utah residents earn our 4.10% APY. The interest rate and APY is variable and may change after account opening. The rate is not guaranteed for any period. Limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or preauthorized, made by telephone, or made by an online or mobile transfer of funds.
- Oct 7, 20264.10%▲ from 4.00%
- Oct 2, 20264.00%▼ from 5.00%
- Sep 18, 20265.00%first recorded
Balance: $1,000,000 tier minimum
4.10% Annual Percentage Yield (APY) is accurate as of 09/10/2026 and may change at any time. The maximum account balance is $250,000.
Qualifications Required: 2 qualifying recurring electronic direct deposits must post to the new FreeStyle Checking account within 60 days of opening the High Yield Savings+ account; at least one must come from the following sources: salary, pension, Social Security or other regular monthly income deposited to your new FreeStyle Checking account by your employer or outside agency via ACH; Limited Time Offer. NEW CUSTOMER ONLY. NEW MONEY REQUIRED. All annual percentage yields (APYs) on interest bearing accounts subject to change at any time at our discretion and without notice. Offer only available to new deposit customers or CD-only customers or loan-only customers of the bank who open a new OceanFirst High Yield Savings+ account. New customer is defined as someone who has not had a checking or savings account with the bank within the last 12 months and must be opened with funds not currently on deposit at OceanFirst Bank. If the balance falls below $500.00 during the statement cycle, a $5 monthly balance fee will apply. $250,000 maximum funding per account. Additionally, eligibility for this offer requires that all the following conditions are met: a new FreeStyle Checking account (FreeStyle+ Checking excluded) must be opened and a minimum of two (2) qualifying recurring electronic direct deposits must post to the new FreeStyle Checking account within 60 days of opening the High Yield Savings+ account. Qualifying direct deposits must be a minimum of $5.00 and at least one must come from the following sources: salary, pension, Social Security or other regular monthly income deposited to your new FreeStyle Checking account by your employer or outside agency via ACH. OceanFirst Bank employee eligibility requires any new OceanFirst checking account and a minimum of two (2) qualifying recurring electronic direct deposits must post to the checking account within 60 days of opening the High Yield Savings+ account. If all offer requirements are not met, the account will default to earning the prevailing rate of the Statement Savings Account at that time. A $5.00 excess transaction fee will apply for each withdrawal or transfer over three (3) per statement cycle. A $5.00 paper statement fee may apply. Fees may reduce earnings. Business accounts and government accounts are not eligible.
Balance: $1,000+; APY is variable and subject to change. Interest compounds daily and is paid monthly. Fees may reduce earnings. Terms and conditions apply.
Published rate range: 2.50% - 4.00%. Qualifications Required; Minimum balance $5,000; APY as high as 4.07%
Typically, earn interest at a higher rate than with a traditional savings account. Accelerate earnings, with flexible access to your money. Open with $100 or more, then boost your balance with online deposits.
- Oct 11, 20264.05%▲ from 4.00%
- Sep 27, 20264.00%▲ from 3.95%
- Sep 19, 20263.95%first recorded
Build your retirement savings in a Traditional or Roth IRA. Get both the tax advantages of an IRA and a great savings rate. Save confidently for the future with an FDIC-insured account.
- Oct 11, 20264.05%▲ from 4.00%
- Sep 27, 20264.00%first recorded
Build your retirement savings in a Traditional or Roth IRA. Get both the tax advantages of an IRA and a great savings rate. Save confidently for the future with an FDIC-insured account.
- Oct 10, 20264.05%▲ from 4.00%
- Sep 27, 20264.00%▲ from 3.95%
- Sep 24, 20263.95%first recorded
Exclusively for customers age 62 and older. Rates effective as of May 1, 2026. Rates may change at any time without prior notice. Fees could reduce earnings on the account. The Annual Percentage Yield (APY) is accurate as of the date shown. The High-Yield Senior Savings Account is available to individuals 62 years of age or older. Deposit accounts are insured up to the maximum amount allowed by law by the Federal Deposit Insurance Corporation (FDIC).
On balances up to $5,000, 0.50% on balances above.
Savings Rate Trends
Daily average APYs for high-yield and standard savings accounts
Weekly averages compiled from thousands of current savings rates across our database of 8,500+ banks and credit unions — updated every evening.
High-yield savings rates fell 0.029 points over the past 7 days to 1.958% APY, down from 1.987% last week.
Standard savings rates rose 0.021 points over the past 7 days to 0.824% APY.
What Is a High-Yield Savings Account?
A High-Yield Savings Account (HYSA) is a federally insured deposit account that pays interest rates significantly above the market average — typically 10 to 20 times higher than traditional savings accounts at brick-and-mortar banks. Online-only banks and financial technology companies can offer these elevated rates because they don’t carry the overhead of physical branch networks.
All legitimate HYSAs at FDIC-member banks are insured up to $250,000 per depositor. Credit union equivalents are covered by the NCUA for the same amount. Your principal is safe regardless of market conditions, and your account remains liquid — you can withdraw funds at any time without penalty, unlike a CD.
How to Compare High-Yield Savings Rates
When evaluating a HYSA, look beyond the headline APY. Consider: minimum deposit requirements, whether the rate is promotional or ongoing, any balance tiers that change the rate, monthly fee structures, and how quickly you can access funds via ACH transfer. MonitorBankRates also displays each institution’s Safety Grade, Star Rating, and Texas Ratio — so you can evaluate financial health alongside rate competitiveness.
HYSA vs. CD: A high-yield savings account keeps your money fully liquid. A Certificate of Deposit (CD) locks your funds for a fixed term in exchange for a guaranteed rate. If you don’t need immediate access, CDs can offer higher yields than even the best HYSAs.
What a High-Yield Savings Account Earns
The gap between a high-yield account and the standard savings rate most people leave money in is the single easiest return in personal finance to capture. Here is a year of interest at the current high-yield average versus the top verified offer in our table.
| Balance | Earned in 1 Year at 1.96% APY High-yield average |
Earned at 10.00% APY Top offer in our table | Difference |
|---|---|---|---|
| $1,000 | $19.58 | $100.00 | $80.42 |
| $5,000 | $97.92 | $500.00 | $402.08 |
| $10,000 | $195.84 | $1,000.00 | $804.16 |
| $25,000 | $489.60 | $2,500.00 | $2,010.40 |
| $50,000 | $979.20 | $5,000.00 | $4,020.80 |
Assumes the rate holds for the full year with no withdrawals and monthly compounding. Savings APYs are variable and can change at any time. Some accounts are tiered or cap the promotional rate at a maximum balance.
Where a High-Yield Savings Account Fits
All of these are insured deposit accounts. The right one comes down to one question: when do you need the money, and do you need to spend from it directly?
| High-Yield Savings | Money Market | Certificate of Deposit | Checking | |
|---|---|---|---|---|
| Rate Type | ● Variable | ● Variable | ✓ Fixed for the term | ● Variable, usually low |
| Access | ✓ Anytime by transfer | ✓ Anytime, often cheques or card | ✗ Early withdrawal penalty | ✓ Unlimited |
| Typical Minimum | ✓ Low or none | ● Higher, often tiered | Varies by product | ✓ Low or none |
| Protected If Rates Fall | ✗ No | ✗ No | ✓ Yes — locked | ✗ No |
| Best For | Emergency fund and short-term goals | A reserve you may spend from directly | Money with a known date you won’t touch | Day-to-day spending |
All four are covered by federal deposit insurance at an insured bank or credit union — $250,000 per depositor, per institution, per ownership category. That protection applies to the account type, not to any particular rate.
The Catch With Variable Rates
Every APY on this page is variable. The institution can change it whenever it likes, without notice. A high-yield savings account is not a rate you lock in — it is the rate you are offered today, and a rate table is a snapshot rather than a commitment.
That matters most at the very top of the table. An APY that beats the field by a wide margin is often introductory, and it can drift back toward the average within a few statement cycles once the account is funded. Before moving money for a headline number, check whether the rate is promotional, whether it applies to the whole balance or only a tier, and whether the institution has a history of staying competitive.
The practical response isn’t to avoid top offers — it’s to re-check your rate a couple of times a year rather than assuming it held. If the money has a known date attached and you want certainty over access, a fixed-rate CD removes the variability entirely.
About Our High-Yield Savings Rate Database
This page surfaces the highest-APY savings accounts we track, drawn from the thousands of verified rates in our database. Every APY is sourced directly from the institution’s own website and re-verified regularly, and each listing carries our Health Grade so the yield can be weighed against financial stability.
The highest verified APY in our table right now is 10.00% APY from Bayer Heritage Federal Credit Union. APYs on these accounts are variable — the institution can change the rate at any time without notice, so today’s leader may not lead next quarter.
High-Yield Savings Calculator
See what your balance earns and what the APY difference is actually worth. We’ve prefilled the top verified rate — click any rate on the right to compare.
Assumes the APY holds for the entire period and interest compounds monthly with no withdrawals. Savings rates are variable and will change — multi-year figures are illustrative, not a forecast. Promotional rates may apply only up to a maximum balance, and interest is generally taxable. Not a rate guarantee or an offer.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate high-yield savings account rates directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling data straight from institutions’ own digital properties and manually verifying yields daily, every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and Coast-to-Coast Coverage: Our systems constantly monitor the market to provide a complete picture of available yields across the country. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to high-yield online banks available to savers in all 50 states.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency into when that specific rate was confirmed.
Proprietary Institution Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you deposit with secure, reliable institutions.
Savings Calculators
Frequently Asked Questions about High-Yield Savings Accounts
What is a High-Yield Savings Account (HYSA)?
Is my money safe in an online savings account?
Savings Account vs. Certificate of Deposit (CD)?
How often do savings rates change?
Do I have to pay taxes on interest earned?
Are online banks better than local banks for savings?
How do I open an online savings account?
What are the best High-Yield Savings rates right now?
- Bayer Heritage Federal Credit Union
High Yield Savings — 10.00% APY - ORSA Credit Union
High Yield Savings Account — 10.00% APY - Quill Bank
High-Yield Savings — 5.10% APY - Infuze Credit Union
High-Rate Savings — 5.01% APY - Kinecta Federal Credit Union
High Yield Savings — 5.00% APY
More Savings Rate Options
