Best High-Yield Savings Accounts for June 2026

If high yield savings accounts is on your radar, this short guide cuts through the noise. Here is what is worth knowing, and how to put it to work today.

Key Takeaways

• Right now, the U.S.
• national average interest rate on savings account balances is nowhere near enough to keep pace with inflation.
• The good news is you can do better with high-yield savings accounts.

Right now, the U.S. national average interest rate on savings account balances is nowhere near enough to keep pace with inflation. The good news is you can do better with high-yield savings accounts.

We’ve reviewed the best high-yield savings accounts on the market, exploring their rates, fees, and account perks.

Best High-Yield Savings Accounts & Rates

We evaluated dozens of online banks, traditional banks, and credit unions to find the best high-yield savings accounts available right now.

All of these accounts yield multiple times the national savings account average. They can help build your emergency savings fund faster and fight back against inflation.

All are FDIC-insured up to the current limit of $250,000 per account.

Axos ONE Savings

• Savings Yield: Up to 4.21% APY
• Minimum Balance: $0
• Monthly Fee: $0

Axos ONE stands out as the best overall high-yield savings option by combining an exceptional 4.21% APY with interest-earning checking, making it more than just a savings account - it’s a complete banking solution.

Unlike standalone savings accounts, Axos ONE bundles high-yield savings with checking that also earns 0.51% APY, giving you competitive returns on both your spending and saving money. To qualify for the promotional 4.21% APY on savings, choose either $1,500+ in monthly direct deposits with an average daily balance above $1,500, or $5,000+ in qualifying deposits with an average daily balance over $5,000. Without meeting requirements, savings still earns a competitive 1.00% APY base rate.

The complete package includes access to 95,000+ fee-free ATMs nationwide - more than major banks like Chase or Bank of America - up to $10 monthly in out-of-network ATM fee reimbursements, and early direct deposit access up to two days early for better cash flow management.

With zero monthly maintenance fees, no minimum balance requirements, and no overdraft fees, you keep 100% of your interest earnings. The integrated platform manages both accounts from one mobile app with seamless transfers and real-time budgeting tools.

For added peace of mind, Axos Bank offers expanded FDIC insurance up to $265 million through InsureGuard+ Savings powered by IntraFi Network Deposits, providing significantly more protection than standard $250,000 coverage.

Read Our Review: Axos ONE Review

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Tiered variable APY. Balance & activity requirements apply. Learn more.

UFB High-Yield Savings Account

• Savings Yield: 3.26% APY (up to 3.46% APY with bundle)
• Minimum Balance: $0
• Monthly Fee: $0

UFB’s high-yield savings account earns a competitive 3.26% APY on all account balances, with no minimum balance requirements or monthly fees. Shoppers can boost their rate to 3.46% APY by bundling with UFB Freedom Checking and meeting qualifying activities.

A division of Axos Bank, UFB Direct offers some of the best savings rates in the country. The account has no minimum deposit requirements and comes with a free ATM card for convenient access to over 91,000 ATMs nationwide.

To earn the maximum 3.46% APY, you’ll need to open a UFB Freedom Checking account (which earns 2.00% APY) and complete qualifying activities: $5,000+ in monthly direct deposits, maintain a $10,000+ minimum daily balance in checking, and complete 10+ debit card transactions per statement cycle.

If you’re looking to diversify and want an account with check-writing privileges, UFB also offers a high-yield money market account earning 3.26% APY (with a $10 monthly fee waived when you maintain a $5,000 minimum balance).

Read Money Crashers Expert Take: UFB Review

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Cash App Savings

• Savings Yield: 3.25% APY with $300+ monthly direct deposits or $500+ monthly spending; 1.50% APY base rate*
• Minimum Balance: $0
• Monthly Fee: $0

Cash App Savings offers a competitive APY on all balances with no monthly fees or minimum balance requirements.

Cash App has evolved from a peer-to-peer payment app into a more comprehensive financial platform, with its savings feature being one of its newest additions. The account earns 3.25% APY when you have a Cash App Card and qualify for Cash App Green by depositing at least $300 monthly in Qualifying Deposits or spending $500+ in Qualifying Purchases using your Cash App Card or Cash App Pay per month.

A standout feature is the ability to organize your savings with up to five custom savings goals. You can also use the Round Up feature to automatically save your spare change from Cash App Card purchases. There are no limits on transfers between your Cash App balance and savings, unlike traditional banks that may restrict monthly transfers.

Cash App isn’t a bank itself but partners with Wells Fargo Bank, N.A. and Sutton Bank (both Members FDIC) to provide banking services that can be eligible for FDIC insurance up to $250,000 per person. The minimum to open is just $1, and there are no monthly maintenance fees.**

Learn More

Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). Savings provided by Cash App, a Block, Inc. brand.

Shoppers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See Terms and Conditions (https://cash.app/legal/us/en-us/tos) for more information.

To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Shoppers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App shoppers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change.

If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App shoppers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change.

Your balance is eligible for FDIC pass-through insurance through our Program Banks Wells Fargo Bank, N.A. and/or Sutton Bank, Members FDIC for up to $250,000 per customer when aggregated with all other deposits held in the same legal capacity at each Program Bank above, if certain conditions are met. Cash App is a financial services platform, and not an FDIC-insured bank. Prepaid debit cards issued by Sutton Bank, Member FDIC. See terms and conditions (https://cash.app/legal/us/en-us/card-agreement).

Barclays Tiered Savings

• Savings Yield: Up to 3.75% APY ($250,000+ minimum balance needed to receive max APY)
• Minimum Balance: $0
• Monthly Fee: $0

Barclays Tiered Savings yields up to 3.75% APY, which is at least ten times the national average for savings accounts. It is a no-frills savings account that requires no minimum balance to open or earn APY. With that said, the higher your balance, the more APY you can earn.

Deposit AmountSavings Rate$0 to <$250,0003.65%$250K+3.75%

Barclays has a nice lineup of high-yield CDs as well. Terms range from 6 months to 60 months.

Other notable features include a seamless online transfer system, simple direct deposit setup for part or all of your paycheck, and savings and CD calculators to help you budget and save more efficiently.

Read Money Crashers Expert Take: Barclays Bank Review

Final Thoughts

Before you check out, double-check high yield savings accounts against current offers and any coupons you can stack. Small habits like this add up to real savings over a year.

Originally published at moneycrashers.com.