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12 best high-yield savings accounts with no fees to open now
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Stubborn inflation continues to be a cause for concern, with prices growing 3.2% year-over-year in February. That’s bad news for borrowers, as the Federal Reserve’s federal funds rate target is currently paused at a 23-year high and is unlikely to decline fall until the inflation rate moves closer to the Fed’s 2% target.
In turn, interest rates are likely to stay elevated for now. But while that may be an issue for borrowers, it has benefits for savers who want to earn returns that outpace inflation. And, high-yield savings accounts, in particular, could be worth considering right now.
Some leading high-yield saving accounts currently offer APYs as high as 5.25%, which far outpaces inflation. However, some high-yield savings accounts also come with monthly maintenance fees that could cut into your earnings. So if you want to maximize the returns on your money, it’s important to look for fee-free high-yield savings accounts instead.
Open a high-yield savings account to start earning big interest returns now.
12 best high-yield savings accounts with no fees to open now
These high-yield savings accounts allow you to take advantage of today’s high-rate environment while avoiding fees:
- Jenius Bank: This account has a 5.25% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- EverBank: This account has a 5.15% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- Bask Bank: This account has a 5.10% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or to access the advertised APY.
- CIT Bank: This account has a 5.05% APY, but it has a $100 minimum opening deposit and you’ll have to maintain a minimum balance of $5,000 to earn the advertised APY. Accounts with balances under $5,000 earn a 0.25% APY. There’s no minimum balance requirement to avoid fees.
- Varo: This account has a 5.00% APY on the first $5,000 and a 3% APY on the remainder of your balance over $5,000. There is no minimum opening deposit requirement or minimum balance requirement to avoid fees or earn the advertised APY.
- Synchrony Bank: This account has a 4.75% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- Sofi: This account has a 4.60% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- Marcus by Goldman Sachs: This account has a 4.50% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- Barclays Bank: This account has a 4.35% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- Capital One: This account has a 4.35% APY and doesn’t have a minimum deposit requirement upon opening. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- Affirm: This account has a 4.35% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees or earn the advertised APY.
- SFGI Direct: This account has a 4.26% APY and doesn’t have a minimum opening deposit requirement. There’s no minimum balance requirement to avoid fees but you must maintain a $1 minimum balance to earn the advertised APY.
Compare today’s leading high-yield savings account options today.
The bottom line
Today’s high-rate environment is difficult for borrowers, but savvy savers can benefit from it with the right high-yield savings account. With many of the leading high-yield savings accounts offering returns that outpace inflation, these accounts are an effective way to protect the value of your savings by raking in big returns. If you’re planning to open this type of account in the future, though, it’s important to avoid fees that could cut into your earnings.
CBS News
Kamala Harris will speak with “60 Minutes” tomorrow. Here’s what to know for the interview.
Voters will get the chance to hear from Vice President Kamala Harris on Monday as she presents her case for why she should be president in a “60 Minutes” election special.
For decades, “60 Minutes” has featured both Republican and Democratic nominees for presidents, but this year, former President Donald Trump backed out after previously indicating he would be on the show. Correspondent Scott Pelley, who’d been set to interview Trump, will instead travel to Arizona’s Maricopa County, home to more than 60% of Arizona’s voters and a critical battleground in a key swing state.
One thing is certain about the election; with the U.S. deeply involved in both the wars in Ukraine and the Middle East, whoever wins on Nov. 5 will become a wartime president.
What Harris will discuss
Israel’s war started one year ago after Hamas launched a surprise terror attack and correspondent Bill Whitaker will discuss the ongoing war with Harris.
Harris will also discuss the economy, immigration, her record as vice president and the differences between herself and Trump.
Democratic vice presidential candidate Gov. Tim Walz will also appear.
Whitaker joined the Democratic ticket on the campaign trail this week to gain insight into their platform’s priorities and values, and what the candidates believe voters should know.
Why Trump pulled out of the “60 Minutes” interview
Leading up to the candidate hour, Trump, through campaign spokespeople, was the first candidate to accept the “60 Minutes” request to be interviewed for the special, according to CBS News. It had been agreed that both candidates would receive equal time during the broadcast.
Trump last sat down with 60 Minutes in 2020. He walked out during the interview with Lesley Stahl. Trump referenced the incident on Tuesday night at a Milwaukee press conference when asked about his decision not to participate in the Oct. 7 “60 Minutes” election special.
“Well, right now, I went to – they came to me and would like me to do an interview, but first I want to get an apology, because the last time I did an interview with them, if you remember, they challenged me on the computer,” Trump said. “They said the ‘laptop from hell’ was from Russia, and I said it wasn’t from Russia. It was from Hunter, and I never got an apology, so I’m sort of waiting. I’d love to do ’60 Minutes.’ I do everything.”
The Republican nominee for president emphasized that he felt he was owed an apology from “60 Minutes.”
“Let’s see if they do it. I wouldn’t mind doing 60,” Trump continued. “I’ve done ’60 Minutes’ a lot.”
In a statement on Tuesday, Trump campaign communications director Steven Cheung said that Trump’s team had not agreed to an interview.
“Fake News,” Cheung said in a post on X. “60 Minutes begged for an interview, even after they were caught lying about Hunter Biden’s laptop back in 2020. There were initial discussions, but nothing was ever scheduled or locked in. They also insisted on doing live fact checking, which is unprecedented.”
Previous Trump, Harris appearances on 60 Minutes
Trump previously sat down with “60 Minutes'” Mike Wallace in 1985, Pelley in 2015 and Lesley Stahl twice in 2016, first in July of that year and then again in November of 2016. He also spoke with Stahl again in 2018 and 2020.
Harris previously sat down with Whitaker last year. She also was interviewed by Norah O’Donnell, “CBS Evening News” anchor and “60 Minutes” contributing correspondent, in 2020.
How to watch the “60 Minutes” election special
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