Top Savings Accounts of 2022: High Yield & Low Fees

Whether you’re setting aside money for a long-term goal or a short-term need, the right savings account can help you save in the best way possible.

Maybe you’re looking for a high interest rate or prefer help and incentives for meeting your goals. Or perhaps you want a low-maintenance account with zero fees.

Whatever individual services you need, there’s an account for you. We’ve searched high and low for the best savings accounts available in 2022. Read on to find the one that best fits your needs.

Best High Yield Accounts

When you need to keep your cash accessible but still want to earn as much interest as possible, a high-yield savings account is likely what you’re looking for.

While most banks only offer a fraction of a percentage point as interest, a few financial institutions are willing to pay more for the privilege of holding your account. Have a look at our top picks for the best high-yield savings accounts.

Best Sign-Up Bonus

There’s nothing to get you saving compared to free cash that can help pad your savings account. And a few banks offer seasonal sign-up bonuses to give you the nudge you need to open an account and save.

You’ll have to meet a few minimum requirements but once you do, you’ll have a tidy sum deposited into your account just for being a new customer.

Overview

Note: The sign-up bonus offer is no longer available.

If you’ve never had a savings account through Discover before, now is the time to consider opening one. As long as you’re not a current or previous customer and meet the deposit requirements, you can qualify for this deal.

If you deposit a minimum of $15,000, you can receive a $150 cashback bonus. If you deposit at least $25,000, you can receive a $200 bonus. Add to that the fact that Discover’s current APY is 1.30%, and it’s pretty hard to beat this deal.

Sign up now so you don’t miss out on this opportunity for an easy infusion of extra cash.

^[1] The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of July 13th, 2022. No minimum balance required. Must have $0.01 in savings to earn interest.