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Best high-yield savings accounts of December 2024

Updated Dec. 9, 2024

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A high-yield savings account can be a safe place to earn interest on your money while keeping it easily accessible for emergencies or other expenses. Annual percentage yields (APYs) on top high-yield savings accounts are 4.5 percent and above, which is around nine times the current national average rate of 0.57 percent.

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Current savings trends
Bankrate Partner average
4.43% APY
National average
0.57% APY

Best high-yield savings accounts for December 2024

Note: Annual percentage yields (APYs) shown were updated between Dec. 4 and Dec. 10. All other information is current as of Dec. 9. Bankrate's editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.

BrioDirect

Rating: 4.6 stars out of 5
4.6 Bankrate savings score
  • Annual percentage yield

    4.85%
  • Min. deposit to open

    $5,000

Why BrioDirect?

BrioDirect offers a High-Yield Savings account that offers a competitive yield that requires $5,000 to open.

EverBank

Rating: 5 stars out of 5
5.0 Bankrate savings score
  • Annual percentage yield

    4.75%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why EverBank?

The EverBank Performance℠ Savings account earns more than the national average APY. There’s no minimum deposit required to open the account.

LendingClub Bank

Rating: 5 stars out of 5
5.0 Bankrate savings score
  • Annual percentage yield

    4.75%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why LendingClub Bank?

LendingClub was originally known for its lending products, but with its acquisition of Radius Bank in 2021, LendingClub now offers many attractive deposit products. The bank's LevelUp savings accounts offers a special higher yield when you deposit at least $250 monthly into the account, though savers will still earn a competitive yield if you don't meet this requirement in a given statement period.

Bask Bank

Rating: 5 stars out of 5
5.0 Bankrate savings score
  • Annual percentage yield

    4.65%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why Bask Bank?

Bask Bank is known for its high-yielding Bask Interest Savings account. It’s also known for a unique account, the Bask Mileage Savings account, where you can earn American Airlines miles.  Bask Bank, a division of Texas Capital Bank, made its debut in early 2020 with its Mileage Savings Account. In February 2022, Bask introduced its Interest Savings Account, which offers a very competitive yield and doesn’t require a minimum opening deposit.

Bread Savings

Rating: 4.9 stars out of 5
4.9 Bankrate savings score
  • Annual percentage yield

    4.65%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $100

Why Bread Savings?

Bread Savings is an online bank that offers a high-yield savings account and five terms of CDs. Bread Savings requires at least $100 to open this account.