Best High-Yield Savings Accounts of April 2026
Online banks are still paying 4.5–5.2% APY on savings accounts. Here's where to park your cash right now.
Financial Writer
Why Rates Are Still High
Despite some Fed rate cuts, high-yield savings accounts at online banks are still offering APYs 10x or more the national average. Online banks pass their lower overhead directly to customers in the form of higher rates.
Top Picks for April 2026
Ally Bank (4.85% APY): Best overall for features + rate combination. No minimum balance, excellent mobile app, buckets feature for goal tracking.
Marcus by Goldman Sachs (5.10% APY): Consistently near the top for rate. Simple interface, no fees, $1 minimum.
SoFi Checking + Savings (4.60% APY): Best for direct deposit users — rate applies to checking too.
What to Watch For
Introductory rates that drop after 3 months. Variable APYs mean your rate can change. FDIC insurance up to $250,000 per depositor — verify before depositing large sums.
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