7 BEST High Yield Savings Accounts of 2024

In this video we’re looking at the 7 best high yield savings accounts of 2024! These high yield savings accounts are paying some of the best rates of up to 5% APY as of filming this, but the bank accounts in this video also come with some other really great features that make them stand out. If you have some cash savings and you need a place to save money, then definitely consider opening one of these top high yield savings accounts because you can earn a lot of interest.

My personal choice for bank accounts is SoFi Checking and Savings which pays 4.60% APY in their high yield savings account and comes with a lot of other additional benefits, including a sign up bonus. Other accounts in this video are also great and each one is FDIC insured, has no fees or minimum balance requirements, and has a great long term reputation. There’s plenty of great high yield savings accounts mentioned here, but you can also find other banks that pay a competitive rate with FDIC coverage. These are just my opinion some of the best high yield savings accounts based on what I’ve tried over the years!

🏦 ACCOUNTS MENTIONED:

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CHAPTERS:

0:00 - Intro
1:15 - Account 1
4:11 - Account 2
6:49 - Account 3
7:43 - Account 4
8:38 - Account 5
10:00 - Account 6
11:20 - Account 7

The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

[MikeMaye]

A high yield saving account is super important rather than have you money sitting in an account doing nothing. These are great tips for starting out the new year. Great vid Daniel💥

[Mary-bgkx]

Thanks to you I got weathfront last March. I made $2500 in interest last year!

[AlanHang]

Hey Daniel. Just started watching your channel and it's been a game changer. Your channel has really given me a whole lot of info that I was very ignorant about before. Again in this video, you deliver the quality and confidence in your knowledge that is hard for me to find elsewhere on this platform. But IMO the warping transitions are a bit much. Kinda hurts my eyes lol. If you like it then keep it. You've made a point that you always want to improve and be 1% better with each video and I think experimenting with new editing techniques is great. Keep up the good work man.

[lonz_]

I LOVE Ally! I have had it for 2 years now and its great! My favorite feature is definitely the buckets...have like 20 of them lol

[theonlybuster]

The thing to remember is that HYS accounts interest rates are NOT set in stone. They will vary from time to time. Make it a habit to check the interest rate each month and look out for any notices of changing interest rates.

[chrisoverbey]

I have had the same bank since 1986, mostly out of inertia. You now have me seriously considering SoFi. Solid video, keep pumping them out!

[TJDawgs]

Thank you for this info. I was about to move my savings into a Schwab Savings account because they are offering .48% compared to my .01% account at my Credit Union...lol SoFi sounds like a no brainer.

[anniesshenanigans]

I have AMEX HYSA. It's not really that high, only 4.3% BUT it's very easy access and superior customer service.

[chillingwitheli]

You’re truly so helpful! Your credit score video was extremely easy to comprehend. Love your videos! 🔥

[robschultz]

What would be the advantage to using any account besides wealthfront with 5% apy?

[DayonnaRealtor]

Thank you for the video! Also, what do you think about Bask Bank?

[RondonMatta]

Thanks for this review. I have the Synchrony Bank hysa. What do you think of that one it have 4.75% Great Video.

[donttrip]

I’m not gonna lie this video was the best broken down video I’ve heard in a while excellent job Daniel thank you

[julissalabastida]

These are the type of videos we need for everyone to watch :) thank you for sharing

[vicentecabrera]

I rather do ultra short bond fund VUSB. It gives around 5.5%. I also do so in my Roth IRA to not pay taxes

[lisaellis]

Great video. Very helpful. I’m with Amex since I have a platinum and a Hilton Honors. I also have a Barclays high yield savings.

[CesarJoel]

Great options Daniel! I like AMEX and Discover high yield savings. Thanks for the overview.👍

[evanbarr]

Curious what you think about the Apple Savings Account and how this fits in with the other options discussed in this video. I know you need to have the Apple Card to be eligible for this HYSA so there's an additional barrier to entry, but curious if you have any knowledge as to why someone would choose Marcus by Goldman over the Apple one (other than the fact that Marcus has a higher APY...)

[blyback]

Love these types of videos Daniel! Thank you!

[rudroroy]

so that $5000 direct deposit for $300 sign up bonus needs to go directly to the savings or the checking account??