The Best High-yield Savings Accounts of May 2023

Looking for a place to store your short-term savings? High-yield savings accounts pay much higher interest rates than traditional savings accounts.

We update our guide daily to find the best rates for three categories of high-yield savings accounts — popular brands with good rates, accounts that let you earn a high rate with minimal effort, and best rates overall — so you have well-rounded options to choose from.

The Best High-yield Savings Accounts for May 2023Best Rates on Popular High-yield Savings Accounts

If you’re interested in a good rate at a national brand, here are some banks that offer competitive rates. These bank accounts may not necessarily have the highest rates out there, but they are still significantly higher than what you’d earn with a traditional savings account. 

SoFi Checking and Savings – Product Name Only: SoFi Checking and Savings – APY APYMarcus by Goldman Sachs High Yield Online Savings Account – Product Name Only: Marcus by Goldman Sachs High Yield…

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This article was written by Sophia Acevedo, CEPF,Evelyn He and originally published on