The Highest APR Savings Accounts 2019

Looking for a savings account with more than 0.01% APR to put your emergency fund in?

For those that have refunds or a bonus coming in, we have lots of advice on where to put that extra cash. We started out by looking into the best savings accounts.

What can you use a high interest savings for?

• emergency fund (best practice is to have 3 to 6 months of living expenses)
• take advantage of compound interest (reinvesting your interest and making more $ on it)
• have extra cash on hand for a large purchase, like a home

How we assessed the best savings accounts

When we looked for savings accounts, we generally wanted

• higher than average interest rates
• little to no fees
• awesome customer service
• easy to navigate

A trade-off for a high-interest rate is that many are online only. You can use this as an advantage, so that you aren’t tempted to use it, but if you have a real emergency where you need cash right away, we suggest going for the accounts that have a debit account.

OK here is the master list! These are all FDIC insured, so you have some ease of mind.

First pick for High Interest Savings Account (there was a tie!):

If having access to an ATM is important, check out Ally.
Ally Online Savings – 1.60% APY

• great customer service,
• no monthly fee/min,
• great mobile app,
• checking account with ability to transfer out,
• ATM access

If you want to have a bit of distance from your savings, and a simple interface, check out Amex Savings:
American Express National Bank – 1.70% APY

• Great customer service
• No monthly fees or minimum deposit
• Member FDIC
• No physical location
• Only two options (savings or CD)

2nd Place for High Interest Savings Accounts:

Marcus Savings by Goldman Sachs – 1.70% APY

• No monthly fees and $1/minimum deposit
• No physical locations
• No mobile app
• Member FDIC
• No checking account offered (harder to transfer $ out, need to fund into another bank)
• No ATM access

Other Good Options for High Interest Savings Accounts:

Barclays Online Savings – 1.70% APY

• member FDIC
• no minimum to start savings

Synchrony Bank High-Yield Savings – 1.70% APY

• no minimum
• member FDIC

CIT Savings Builder – 1.80% APY (tiered)

• minimum of $25,000 or $100/mo deposit
• member FDIC
• high rate

Discover Online Savings – 1.70% APY

• no minimum
• online transfers
• member FDIC

Capital One Money Market – 1.70% APY

• $10,000 minimum
• member FDIC

This post was updated January 18, 2020. Rates may be subject to change.