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 more than 2% interest on your money, with the flexibility to withdraw when you need it.
Compare Savings Accounts
Marcus by Goldman Sachs: 2.25% APY
Marcus is Goldman Sachs’ consumer banking arm that offers a competitive 2.25% APY high-yield savings account.
Since Marcus is an online bank, they can save on overhead costs like maintaining a physical branch and pass the savings onto its customers.
The main benefit of Marcus is that it’s widely accessible to everyone since the minimum opening deposit to earn the 2.25% APY is only $1.
$1 Minimum opening requirement
No monthly fees
No fees for transactions
No physical branches
No mobile app
No checking account options
No ATM network
Customer service is only available on weekdays
PNC Bank: 2.35% APY
The PNC Bank high-yield savings account is only available in certain states where they do not have a market presence. The minimum balance to earn the high-interest rate is $1.
If you’re looking to earn points on a credit card, you can use a credit card to initially fund the account up to $2,000.
$0 Minimum opening requirement
$0 Minimum balance
$0 Monthly service charge
Mobile check deposit
Initial deposit fundable via credit card
Account must be open for at least 180 days, or there is a $25 early termination fee
Account is only available in select markets