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Earn More with High Yield Savings

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Find a High Yield Savings Account

Why Savings Accounts Are Beneficial

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Safeguard your money

  • Savings accounts are a secure way to store money while keeping it separate from everyday spending. This can help you limit impulsive purchases.
  • Many savings accounts come with federal deposit insurance. The Federal Deposit Insurance Corporation (FDIC) protects your money in the event of a bank failure, while the National Credit Union Administration (NCUA) provides this protection for members of credit unions). Federal deposit insurance protects your money up to certain limits if the financial institution fails.

Earn Interest on Your Balance

  • Compared to checking accounts, savings accounts typically offer interest.
  • Over time, even a modest interest rate can help your money grow without you lifting a finger.

Build an Emergency Fund

  • A fundamental rule of personal finance is to have three to six months’ worth of expenses saved for emergencies — like unexpected car repairs or medical bills. A savings account is a great place to stash those funds.

What ‘High-Yield’ Savings Means

A high-yield savings account is designed to offer significantly higher interest rates than traditional savings accounts. While the exact threshold for calling an account “high-yield” varies, these accounts can offer APYs (annual percentage yields) that are multiple times higher than a standard brick-and-mortar bank’s savings account.

Online-Driven Accessibility

Most high-yield accounts are offered by online banks with fewer overhead costs, letting them pass savings onto customers via higher rates.

Potential Fees or Requirements

Some high-yield accounts may have minimum deposit requirements or fees for falling below a specific balance. Make sure to read the fine print to avoid unexpected costs.

Why Compare.com?

Compare.com streamlines the comparison process so you can find the best savings account for your unique financial situation

Wide network of providers

We partner with multiple banks and credit unions to give you a broad overview of rates and account features.

Personalized filters

Narrow results by APY, fees, minimum balance, and more.

Transparency

We break down any potential fees, account requirements, and perks in an easy-to-understand format.

Time savings

With all your options in one place, you can quickly compare and make an informed decision.

Frequently Asked Questions

Ready to Start Saving?

Whether you’re new to savings accounts or looking to switch to a higher-paying option, Compare.com is here to guide you. By using our comprehensive comparison tools, you can easily sift through offers and find the best rates, lowest fees, and highest levels of convenience for your specific financial goals.

Start comparing today, and watch your savings grow with confidence!