High Yield Savings
Charlotte, NC
Best APY Savings Accounts
Maximize your earnings with the highest Annual Percentage Yields available. These accounts offer rates up to 100x higher than traditional banks.
Highest APY Available
4.10%
1051% higher than national average
APY Earnings Calculator
Best APY (4.10%)
$410.00
per year
National Average (0.39%)
$39.00
per year
Extra Earnings
$371.00
vs. average
APY Rankings - Highest to Lowest
#1 HIGHEST APY
1
Public High-Yield Cash Account
High-Yield Cash Account
4.10%
APY
1051% vs avg
$410
Annual earnings
on $10,000
Min Deposit:$0
Monthly Fee:No Fee
FDIC:Yes
4.1
2
Barclays Tiered Savings
Savings Account
3.90%
APY
1000% vs avg
$390
Annual earnings
on $10,000
Min Deposit:$0
Monthly Fee:No Fee
FDIC:Yes
4.4
3
SoFi Checking and Savings
Savings Account
Popular
3.80%
APY
974% vs avg
$380
Annual earnings
on $10,000
Min Deposit:$0
Monthly Fee:No Fee
FDIC:Yes
4.5
4
Discover Online Savings
Savings Account
3.50%
APY
897% vs avg
$350
Annual earnings
on $10,000
Min Deposit:$0
Monthly Fee:No Fee
FDIC:Yes
4.3
Understanding APY
What is APY?
Annual Percentage Yield (APY) is the real rate of return earned on your savings account over a year, taking into account the effect of compounding interest. The higher the APY, the more your money grows.
Why APY Matters
Even small differences in APY can significantly impact your earnings over time. A 4.5% APY versus 0.01% APY means earning $450 versus $1 on a $10,000 deposit annually.
Maximizing Your APY
Pro Tips
- Online banks typically offer higher APYs than traditional banks
- APY rates can change, so monitor your account regularly
- Consider accounts with no minimum balance requirements
- Avoid accounts with monthly fees that eat into your earnings