Top High-Yield Savings Accounts of 2024 | Compare Rates

Saving money is great, but earning interest on that cash is even better. While historically low interest rates are great when you need a loan, they don’t help much when you want to put your money to work. However, there are still several acceptable high yield savings accounts currently available that offer high-interest yields.

They vary in terms of fees, balance minimums, and extra perks, so you have plenty of options available. Review each one carefully before picking the right one to house your hard-earned money.

Best High-Yield Savings Accounts with No Minimum Balance Requirements

A lot of high-yield savings accounts require you to make a minimum deposit to open an account. But not everyone wants to start their savings account with a ton of cash, especially for those just beginning to save.

Luckily, you can still access high-yield savings accounts without worrying about any type of starting deposit. Here are our top picks that don’t require any cash upfront.

Best High-Yield Savings Accounts with Minimum Balance Requirements

Some of the best high-yield savings accounts do require an initial deposit to open your account. But most of them aren’t extremely high thresholds and don’t create a barrier for many people.

If you’ve already started saving money and have funds to deposit into your new saving account, check out these options for great yields along with a small required opening balance.

^[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.