Advertiser Disclosure: Some of the card links and products that appear on this website are from companies which AskSebby may receive compensation when you click on links to those products. You don't have to use our links, but we're grateful when you do! View our Advertising Policy .The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.

The ideal savings account is one where you can park your money and earn an above average interest rate. Traditional brick and mortar banks typically offer 0.01% interest on savings account.

Save smarter with an online high-yield savings account. Earn competitive interest on your money, with the flexibility to withdraw when you need it. Explore competitive offers from our partners below.

Yotta Savings

Yotta is a free prize-linked savings account where users get a base rate high-yield percentage, plus the ability to win prizes on top of that.

Due to prizes, the effective APY is 2%+ (expected value, not guaranteed).

Inspired by the Premium Bond program in the UK, users can make a deposit and get one recurring lottery ticket for every $25 saved.

You can withdraw your funds at any time, up to 6x per month.

How it  works:

  1. Open a Yotta account and deposit money. Every $25 gets you a recurring ticket into weekly number draws.
  2. New users can get 125 free tickets with our exclusive promo code “LUCKY”
  3. Every Monday, pick 7 numbers for each of your tickets. Numbers will be auto-picked randomly if you forget.
  4. Contests are weekly, with one number drawn every daily at 9pm ET.
  5. Collect your winnings. The more numbers you match, the more money you win. There’s a $10 million jackpot.

SoFi Money

SoFi Money is a cash management account offered by SoFi. Earn a high-yield savings rate when you set up recurring monthly direct deposits or transfers of $500+.

No account, minimum, or overdraft  fees

No ATM fees at 55,000+ ATMs

Earn cash back rewards on spending*

Earn a high-yield savings rate*

*When you have $500+ in monthly deposits

Referral offer: Get a $50 welcome bonus when you sign up for SoFi Money and fund the account with $500 or more.

Earn an additional $75 by setting up a $500+ direct deposit.

Reading the terms, you need to have:

Received the $50 referral bonus
Here’s our referral link if you want to use it:
Within 30 days, set up a direct deposit of $500 or more
You get $75 within two weeks of deposit clearing

See the direct deposit promo terms here.

CIT Bank Savings Builder

CIT Bank is an FDIC insured online-only bank. The CIT Bank Savings Builder account has two tiers, a  Chase Tier and an Upper Tier.

To earn the Upper Tier, you must make a monthly deposit of $100 or more into the Savings Builder account OR maintain a daily balance of $25,000 or more. If you do not meet the Upper Tier requirements, the you’ll earn a lower  Chase Tier rate.

Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Ask Sebby’s Picks
Advertiser Disclosure
Advertiser Disclosure:
Some of the card links and other products that appear on this website are from companies which AskSebby will earn an affiliate commission or referral bonus. AskSebby is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.

Editorial Note:
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.