Top 10 High-Interest Savings Accounts of 2024

July. 16,2025

Discover the top high-yield savings accounts of 2024 with competitive APYs and minimal fees. This guide highlights leading banks offering attractive interest rates, no minimum balance requirements, and other benefits to optimize your savings. Stay informed about fluctuating rates and make smarter financial choices with our comprehensive overview of the best savings options this year.

Top 10 High-Interest Savings Accounts of 2024

Top 10 High-Yield Savings Options to Consider in 2024

When selecting a savings account, key factors include interest rates (APY), fee structures, and account requirements. Understanding whether you need a simple savings account or a checking account is vital based on your financial goals. Also, verify the minimum balance policies to ensure they align with your savings capacity. Here are ten leading banks offering competitive savings account options for 2024.

  • PurePoint Financial – 1.40% APY with a $10,000 minimum balance.
  • Synchrony Bank – 1.50% APY with FDIC-insured accounts; no minimum balance or service fees.
Top 10 High-Interest Savings Accounts of 2024
  • Barclays – 1.50% APY, no minimum deposit; earns a 2.5% interest bonus with no withdrawals for 6 months and a minimum deposit of $1,000.
  • CIT Bank – 1.55% APY, requires at least $100 to open, with interest compounded daily.
  • Goldman Sachs Bank – 1.50% APY, no minimum deposit, and daily compounded interest with no fees.
  • Discover Bank – 1.20% APY, no minimum deposit or monthly fees, and interest compounded daily.
  • Live Oak Bank – 1.60% APY, no activity fee under $10 for 24 months, no minimum deposit, and no monthly fees.
  • Digital Federal Credit Union – Up to 5.12% APY on balances up to $1,000; better options are available above that amount.
  • Dollar Savings Direct – 1.60% APY, no minimum deposit or monthly fees; rates may fluctuate in the future.
  • Salem Five Direct – 1.50% APY, $100 to open, with at least six transactions per month and a $10 fee per additional transaction.
  • Note that APY rates are subject to change based on market conditions. To make well-informed decisions, it’s recommended to research the latest savings account rates for 2024, as rates can vary frequently.