CashRate WatchHigh-yield savings account rates
Updated Nov 3, 2026 · 11 options with a confirmed rate shown on this page
Online banks pay far more than the national average savings rate. All of these are FDIC-insured bank deposits up to $250,000 per depositor, per bank. Watch for promo rates and balance tiers, noted under each name.
| Name | Type | APY / yield | Risk label | Source |
|---|---|---|---|---|
| Western Alliance Bank High-Yield Savings via RaisinNew Raisin users: 90-day rate lock, after which the rate can change; held at Western Alliance Bank (Member FDIC) through Raisin, which is not a bank; APY as of 11/04/2026 | Savings | 4.30% | FDIC | source |
| EverBank Performance SavingsNew accounts | Savings | 4.20% | FDIC | source |
| Happen Bank (formerly LendingClub) LevelUp SavingsLendingClub is now Happen Bank; LevelUp Rate APY as of 11/03/2026 with $250+ in deposits per statement cycle, otherwise 3.00% Standard Rate | Savings | 4.20% | FDIC | source |
| Bask Bank SavingsAPY as of 11/03/2026; limited-time 0.40% boost to 4.30% for up to 6 months on new accounts bundled with Bask Interest Checking | Savings | 3.90% | FDIC | source |
| CIT Bank Platinum SavingsTiered | Savings | 3.75% | FDIC | source |
| Barclays Tiered Savings'Up to' tiered rate | Savings | 3.65% | FDIC | source |
| Marcus by Goldman Sachs Online Savings | Savings | 3.50% | FDIC | source |
| SoFi SavingsBase APY; up to 4.40% with limited-time 1.10% boost + direct deposit | Savings | 3.30% | FDIC | source |
| American Express High Yield SavingsAPY as of 2026-11-04 | Savings | 3.20% | FDIC | source |
| Ally Online SavingsShown as 3.2% as of 11/02/26 | Savings | 3.20% | FDIC | source |
| Varo SavingsBase APY; up to 3.75% with qualifications | Savings | 1.00% | FDIC | source |
Savings and broker cash show APY. Money market funds show 7-day yield. T-bills show the auction high investment rate (bond-equivalent yield). USDC shows a rewards rate, not interest. Rates checked Nov 3, 2026; they change often, so always confirm on the provider's site. Not financial advice.
- Top 4.30% Western Alliance Bank High-Yield Savings via Raisin
- Average of all listed 3.47%
History starts Oct 2026. 5 rate checks so far (Oct 21, 2026 to Nov 3, 2026); a point is added each week. The average covers every option we list with a confirmed rate on that date.
What the risk labels mean
- FDIC
- A bank deposit. If the bank fails, the FDIC covers up to $250,000 per depositor, per bank, per ownership category. Broker "cash sweep" accounts spread money across partner banks to raise that limit.
- SIPC
- A security held at a brokerage, such as a money market fund. SIPC protects you if the brokerage fails and your assets go missing (up to $500,000, including $250,000 cash). It does not protect against the fund losing value. Government money funds aim for a stable $1 share price, which is not guaranteed.
- Treasury-backed
- A direct loan to the US government (T-bills). There is no insurance, and none is needed in the usual sense: you are paid by the US Treasury. If you sell before maturity the price can move a little.
- Not insured
- Crypto stablecoin rewards (USDC). There is no FDIC or SIPC coverage. You depend on the exchange, the stablecoin issuer, and rules that are still being written.
- FDIC / SIPC
- A mix. For example, part of the balance is held as brokerage cash (SIPC) and the rest is swept to banks (FDIC).
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