🏦 7 High Yield Savings Accounts Offering 5% APY or More in 2024 💵 | Best High Yield Savings Accounts

There are many banks that offer high yield savings accounts, all with different interest rates, features and requirements. In this video, we’ll go over some of the BEST high yield savings accounts that currently earn at least 5% APY as of May 2024 (offering higher APYs than the HYSAs of most big banks).

We’ll strictly focus on the main aspects of these accounts: the high APY they’re offering, any direct deposit requirements or minimum balance requirements in order to earn that APY, any minimum opening deposit requirements, any signup offers they have, and the best ways to deposit or withdraw money from the HYSA. The rates we'll go over are some of the highest APYs out there, from some of the best savings accounts in 2024. Full Disclaimer/Disclosure below.

All the HYSAs on this list will be with lesser known banks, but they still offer the same FDIC-insurance as other banks like Chase, Bank of America and Capital One. If you do prefer going with a big bank for a high yield savings account, the SoFi HYSA, Discover HYSA and Amex HYSA are all great alternatives. You can learn more about those accounts here:

⭐ OFFERS/LINKS:
➡️Chase Total Checking Account (Referral Link):

💬Let me know in the comments: Do you have a high yield savings account? If so, which HYSA do you have, and what APY are you earning right now?

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⏱️Timestamps:
0:00 Intro & Disclosure/Disclaimer
0:18 About the HYSAs (5% APY & Up)
2:28 HYSA #7: CIT Bank Platinum Savings Account
3:10 HYSA #6: Bask Interest Savings Account
4:00 HYSA #5: Everbank Performance Savings Account
4:45 HYSA #4: UFB Secure Savings Account
6:14 HYSA #3: TAB Save Account
6:44 HYSA #2: Western Alliance High-Yield Savings Premier Account
7:16 HYSA #1: My Banking Direct High Yield Savings Account
7:49 Bonus HYSA: SoFi High Yield Savings Account (4.6% APY with Direct Deposit)
9:07 Next Up: TOP 9 Credit Cards that Earn 5% Cash Back (NO Annual Fees)

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Disclaimer: I am NOT a financial advisor or accountant. This video is for general educational purposes ONLY - no official financial advice is being given. I am only providing my own personal ideas, opinions and experience. Be sure to ALWAYS consult a professional before making any investments or financial decisions.

This video does not include all credit card companies or all available credit card offers. The offers and information provided in the video are accurate at the time of the posting date, but may not be in the future. Some of the offers mentioned may no longer be available.

Affiliate Disclosure: If you make a purchase or apply for an offer using one of the affiliate links provided, I may receive a commission at no charge to you. If you do use an affiliate link, thanks for supporting my channel!

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[walliterate]

Do you have a high yield savings account? If so, which HYSA do you have, and what APY are you earning?
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⭐ Chase Total Checking Account (Referral Link):

[Bxr]

I have HYSA at Discover and Cap One. 4.25% at each, both was at 4.35% when I opened them. Not sure I wanna open accounts with little known banks. Especially online only banks. 😬