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 – 2.00% 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 – 2.00% 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 – 2.05% 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 – 2.05% APY

  • member FDIC
  • no minimum to start savings

Synchrony Bank High-Yield Savings – 2.05% APY

  • no minimum
  • member FDIC

CIT Savings Builder – 2.25% APY (tiered)

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

Discover Online Savings – 2.00% APY

  • no minimum
  • online transfers
  • member FDIC

Capital One Money Market – 2.00% APY

  • $10,000 minimum
  • member FDIC

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This post was updated December 18, 2018

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