Quick Rate Comparison
All June 2026 high-yield savings rates ranked highest to lowest.
| Bank | APY | Min Balance | Monthly Fee | Conditions |
|---|---|---|---|---|
| Varo ★ | 5.00%* | $0 | $0 | $1K+ monthly DD, first $5K |
| Vio Bank | 4.03% | $100 | $0 | None |
| EverBank | 3.90% | $0 | $0 | None |
| Bask Bank | 3.85% | $0 | $0 | None |
| Ally | 3.80% | $0 | $0 | None |
| Marcus | 3.80% | $0 | $0 | None |
| Synchrony | 3.40% | $0 | $0 | None |
| SoFi | 3.10% | $0 | $0 | Requires direct deposit |
| Capital One | 3.10% | $0 | $0 | None |
*Varo 5.00% on first $5K with qualifying deposits. All rates as of June 5, 2026. APYs are variable and subject to change.
Detailed Reviews
Full breakdown of each savings account — rates, requirements, and fine print.
Varo Bank Savings
Highlights
- Up to 5.00% APY on first $5,000 with qualifying deposits
- 3.00% APY on balances above $5,000 (with qualifying deposits)
- No minimum balance, no monthly fees
- FDIC insured
Watch Out For
- 5.00% rate requires $1,000+ monthly direct deposits
- Without qualifying deposits, rate drops to 2.50%
- Savings capped at 5.00% for first $5K only
Vio Bank High-Yield Savings
Highlights
- 4.03% APY — no hoops, no direct deposit requirement
- No monthly fees
- FDIC insured (subsidiary of MidFirst Bank)
- Straightforward, no-gimmick savings
Watch Out For
- $100 minimum opening deposit
- Online-only — no branch access
- Limited additional banking products
EverBank Performance Savings
Highlights
- Competitive APY without balance tiers or requirements
- No monthly fees
- FDIC insured
- Clean online interface
Watch Out For
- Online-only banking
- Rate has been slowly declining from 2025 peaks
- No checking account integration
SoFi Savings
Highlights
- 3.10% APY with qualifying direct deposit
- Combined checking + savings in one account
- Vaults feature for savings goals
- Up to $400 sign-up bonus
Watch Out For
- Without direct deposit, APY drops to 1.00%
- Not the highest rate if you only want savings
- Online-only
Ally Online Savings
Highlights
- 3.80% APY — competitive with no requirements
- No minimum balance, no monthly fees
- Savings buckets for goal tracking
- Excellent mobile app — consistently top-rated
- Full banking ecosystem (checking, CDs, investing)
Watch Out For
- Rate has been trending down from 4%+ in 2025
- No physical branches
- No sign-up bonus
Capital One 360 Performance Savings
Highlights
- 3.10% APY on all balances
- No minimum balance, no monthly fees
- Capital One Cafés for in-person access
- Strong brand with decades of trust
Watch Out For
- APY is below smaller online banks
- Limited branch locations
- No savings buckets or goal features
Marcus by Goldman Sachs
Highlights
- 3.80% APY — solid, consistent rate
- No monthly fees, no minimum balance
- Goldman Sachs brand backing
- No maximum balance cap on APY
Watch Out For
- No checking account available
- No mobile check deposit
- Limited banking features beyond savings/CDs
Synchrony High Yield Savings
Highlights
- 3.40% APY on all balances
- No minimum balance, no monthly fees
- Synchrony Perks — ATM fee reimbursements, bonus offers
- Optional ATM card for savings access
Watch Out For
- APY is below top competitors
- Online-only
- Perks require maintaining the account
Bask Bank Savings
Highlights
- 3.85% APY — above average, no strings
- No monthly fees, no minimum balance
- FDIC insured (Texas Capital Bank subsidiary)
- Also offers AAdvantage miles savings account
Watch Out For
- Very limited product lineup
- No mobile check deposit
- Less established brand
Understanding High-Yield Savings Rates in June 2026
As of June 2026, the national average savings rate is just 0.38% APY. The accounts on this page pay 8x to 13x that average. The gap between a standard savings account at a big bank and a high-yield account at an online bank is hundreds of dollars per year on a $10,000 balance.
The Federal Reserve cut rates three times in late 2025, bringing the federal funds rate to 3.50%–3.75%. Savings rates have been slowly drifting down as a result, but the best accounts still pay well above 3.50% APY. If more rate cuts come (the next FOMC meeting is June 16–17), today's rates may not last.
The key decision is conditional vs. unconditional rates. Varo offers the highest rate at 5.00%, but only on the first $5,000 and only with qualifying direct deposits. If you want a high rate with no strings attached, Vio Bank at 4.03% or EverBank at 3.90% are the better choices.
Methodology
We track APYs from all major online banks and update this page whenever rates change. Rankings prioritize: APY (highest first), followed by whether the rate has conditions, minimum balance requirements, ease of use, and overall banking ecosystem. All accounts listed are FDIC or NCUA insured.