The highest advertised rate this week is Axos Bank at 4.21% APY, but it requires a linked checking account and direct deposit. The best unconditional rate is Axos Summit Savings at 3.75% APY, no strings attached.
| Requirements to earn the maximum APY | Apply | ||
|---|---|---|---|
Axos ONE® SavingsAxos Bank · Member FDIC | Up to 4.21 percent APY. 1.00 percent base, plus 3.21 percent with conditions. Highest max APY |
| Go to Axos Bank (opens axosbank.com in a new tab) |
See detailsHide details for Axos ONE® SavingsAxos ONE® Savings pays up to 4.21% APY as of August 11, 2026, and requires a linked checking account and direct deposit.
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SoFi High-Yield Savings AccountSoFi · Member FDIC$0 minimum to open | Up to 3.80 percent APY. 3.10 percent base, plus 0.70 percent with conditions. |
| Go to SoFi (opens sofi.com in a new tab) |
See detailsHide details for SoFi High-Yield Savings AccountSoFi High-Yield Savings Account pays up to 3.80% APY as of August 11, 2026, and requires direct deposit, a linked checking account, and a $0 opening deposit. Earn 3.80% APY now, dropping to 3.10% APY when the intro period ends on December 31, 2026.
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Axos Summit SavingsAxos Summit Savings · Member FDIC | 3.75 percent APY. Variable rate, no conditions. Highest rate with no conditions |
| Go to Axos Summit Savings (opens axosbank.com in a new tab) |
See detailsHide details for Axos Summit SavingsAxos Summit Savings pays 3.75% APY as of August 11, 2026 with no minimum balance, no direct deposit required, and no linked checking account required.
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CIT Platinum SavingsCIT Bank · Member FDIC$100 minimum to open | Up to 3.75 percent APY. 0.25 percent base, plus 3.50 percent with conditions. |
| Go to CIT Bank (opens cit.com in a new tab) |
See detailsHide details for CIT Platinum SavingsCIT Platinum Savings pays up to 3.75% APY as of August 11, 2026, and requires a $5,000 or more to earn 3.75% APY; balances below $5,000 earn 0.25% APY balance.
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Marcus Online Savings AccountMarcus (Goldman Sachs) · Member FDIC$0 minimum to open | 3.40 percent APY. Variable rate, no conditions. |
| Go to Marcus (Goldman Sachs) (opens marcus.com in a new tab) |
See detailsHide details for Marcus Online Savings AccountMarcus Online Savings Account pays 3.40% APY as of August 11, 2026 with no minimum balance, no direct deposit required, and no linked checking account required.
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Ally Bank Online Savings AccountAlly Bank · Member FDIC$0 minimum to open | 3.00 percent APY. Variable rate, no conditions. |
| Go to Ally Bank (opens ally.com in a new tab) |
See detailsHide details for Ally Bank Online Savings AccountAlly Bank Online Savings Account pays 3.00% APY as of August 11, 2026 with no minimum balance, no direct deposit required, and no linked checking account required.
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American Express High Yield Savings AccountAmerican Express · Member FDIC | 3.00 percent APY. Variable rate, no conditions. |
| Go to American Express (opens americanexpress.com in a new tab) |
See detailsHide details for American Express High Yield Savings AccountAmerican Express High Yield Savings Account pays 3.00% APY as of August 11, 2026 with no minimum balance, no direct deposit required, and no linked checking account required.
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Ties break toward the account with the higher guaranteed rate. Deposit insurance is provided by each bank listed, not by Arca Savings, which is not a bank and does not accept deposits.
Arca has no paid placements and no affiliate relationships as of August 2026. Labels are assigned by fixed rules; see our methodology.
As of August 11, 2026, the following savings accounts Arca tracks pay their full advertised APY with no minimum balance, no direct deposit required, and no linked checking account required:
The top high-yield savings account APY in the Arca rate table is Axos Bank's 4.21% APY as of August 11, 2026, followed by SoFi's 3.80% APY and CIT Bank's 3.75% APY. All three are FDIC insured. Source: Arca Savings, updated August 11, 2026.
Anything above 3.40% APY is competitive as of August 11, 2026. Axos Bank pays 4.21% APY, SoFi pays 3.80% APY, CIT Bank pays 3.75% APY, and Marcus by Goldman Sachs pays 3.40% APY. Chase pays 0.01% APY and Bank of America 0.04% APY on standard savings — a fraction of those rates. Source: Arca Savings, updated August 11, 2026.
High-yield savings account rates are variable and can change at any time, typically in response to Federal Reserve rate decisions. Arca updates this page weekly to reflect any changes from Axos Bank, SoFi, Marcus by Goldman Sachs, or American Express High Yield Savings. Source: Arca Savings, updated August 11, 2026.
Marcus by Goldman Sachs, American Express High Yield Savings, Axos Summit Savings, and Ally Bank all open with $0 and have no minimum balance requirement and no monthly fees as of August 11, 2026. Marcus pays 3.40% APY, American Express pays 3.00% APY, Axos Summit pays 3.75% APY, and Ally pays 3.00% APY on any balance. Source: Arca Savings, updated August 11, 2026.
Yes — the rates on this page are current as of August 11, 2026 and updated weekly. Arca sources each APY directly from the bank’s published rate page: Axos Bank, Marcus by Goldman Sachs, CIT Bank, SoFi, Axos Summit Savings, American Express High Yield Savings, and Ally Bank. Source: Arca Savings, updated August 11, 2026.
Fee information covers monthly maintenance fees. Banks may charge for other services such as wire transfers; see each bank’s fee schedule. Arca Savings is not a bank, does not accept deposits, and is not FDIC-insured.