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Best high-yield savings accounts of October 2024

Updated Oct. 1, 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 5 percent and above, which is more than eight times the current national average rate of 0.59 percent.

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Current savings trends
Bankrate Partner average
4.49% APY
National average
0.59% APY

Best high-yield savings accounts for October 2024

Note: Annual percentage yields (APYs) shown were updated between Sept. 29 and Oct. 5. All other information is current as of Oct. 1. 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.

LendingClub Bank

LendingClub Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

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.
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5.30% APY
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$0 min. balance for APY
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$0 min. deposit to open

BrioDirect

BrioDirect_logo
Rating: 4.6 stars out of 5
4.6

Overview

BrioDirect offers a High-Yield Savings account that offers a competitive yield that requires $5,000 to open.
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5.15% APY
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$5,000 min. deposit to open

Bread Savings

Bread Savings_logo
Rating: 4.8 stars out of 5
4.8

Overview

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.
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5.10% APY
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$0 min. balance for APY
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$100 min. deposit to open

EverBank

EverBank_logo
Rating: 5 stars out of 5
5.0

Overview

The EverBank Performance℠ Savings account earns more than the national average APY. There’s no minimum deposit required to open the account.
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5.05% APY
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$0 min. balance for APY
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$0 min. deposit to open

TAB Bank

TAB Bank_logo
Rating: 4.9 stars out of 5
4.9

Overview

TAB Bank is known for offering competitive yields. It’s also known for its unique checking account for truck drivers. TAB Bank’s High Yield Savings Account doesn’t require a minimum opening deposit and doesn’t have a monthly maintenance fee. TAB Bank pays the same yield on any balance. (But of course, you’ll want to make sure that you’re within FDIC insurance limits and guidelines.)
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5.02% APY
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$0 min. deposit to open

Popular Direct

Popular Direct_logo
Rating: 4.8 stars out of 5
4.8

Overview

Popular Direct is known for offering competitive yields. But those competitive yields have $100 minimum opening deposit requirements with the Popular Direct High-Rise Savings account. (The minimum opening requirement is much higher for its CDs.) The account also has a $25 fee for closing it within your first 180 days, so definitely make sure you’re going to keep this account for at least that amount of time. Popular Direct has been around since 2016. It offers a savings account and eight terms of CDs. The CDs have terms ranging from three months to five years.
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4.90% APY
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$100 min. deposit to open

Bask Bank

Bask Bank_logo
Rating: 4.7 stars out of 5
4.7

Overview

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.
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4.85% APY
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$0 min. balance for APY
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$0 min. deposit to open