Savers can currently capture competitive yields on high-yield savings accounts, with top offers reaching 5.00% APY from select online providers like Varo Bank and AdelFi. Many other strong options deliver 4.00% to 4.60% APY with low or no minimums and no monthly fees, far outpacing the national average of around 0.6% APY amid a stable federal funds rate environment near 3.64%. These accounts provide liquidity, FDIC insurance, and easy growth for emergency funds or short-term savings goals.
Best High-Yield Savings Interest Rates Today, February 15, 2026
High-yield savings accounts remain one of the most accessible ways for Americans to earn meaningful returns on cash holdings without locking funds away or taking on market risk. As of mid-February 2026, the landscape features a range of online banks and credit unions offering APYs well above traditional brick-and-mortar options. The federal funds rate holds steady around 3.64%, supporting these elevated yields even as some institutions have adjusted slightly downward from peaks seen in prior years.
Top-tier rates continue to appear from digital-first institutions that operate with lower overhead, passing savings along to depositors in the form of higher interest. While the absolute highest APYs often come with specific qualifiers—such as balance caps or direct deposit requirements—plenty of straightforward accounts deliver strong, unrestricted yields.
Here are some of the leading high-yield savings accounts available nationwide right now:
Varo Bank stands out with a 5.00% APY on balances up to a certain threshold (typically $5,000 or similar), provided qualifying direct deposits are set up; higher balances may earn a lower base rate, but the promotional tier makes it attractive for building emergency funds or parking shorter-term cash.
AdelFi matches at 5.00% APY, appealing particularly to those seeking faith-based or community-oriented banking options while still prioritizing competitive returns.
Pibank offers around 4.60% APY with minimal restrictions, making it a solid choice for unrestricted growth on larger balances.
Climate First Bank provides 4.21% APY with low minimum deposit requirements, ideal for savers who want high yields without complex conditions.
Newtek Bank delivers approximately 4.20% APY, backed by strong digital tools and no monthly fees.
Axos Bank comes in near 4.21% APY in many listings, combining robust online features with consistent performance.
Openbank leads some rankings at 4.09% APY, requiring a modest $500 opening deposit but offering broad accessibility.
Vio Bank at 4.03% APY with just a $100 minimum to open.
Peak Bank around 4.02% APY, also with a low $100 entry point.
LendingClub provides 4.00% APY with no minimum balance hurdles.
These rates significantly exceed the national average savings account yield of roughly 0.6% APY, meaning $10,000 parked in a top account could generate hundreds more in annual interest compared to a standard bank offering.
Key Comparison Table of Top High-Yield Savings Accounts (as of February 15, 2026)
| Institution | APY | Minimum Deposit to Open | Minimum Balance for APY | Monthly Fees | Key Notes |
|---|---|---|---|---|---|
| Varo Bank | 5.00% | $0 | Varies (often on first $5k) | None | Requires direct deposits for max rate |
| AdelFi | 5.00% | Varies | $0 or low | None | Community-focused credit union |
| Pibank | 4.60% | Low or $0 | $0 | None | Strong unrestricted option |
| Climate First Bank | 4.21% | Low | Low | None | Minimal requirements |
| Newtek Bank | 4.20% | $0 | $0 | None | Excellent digital platform |
| Axos Bank | 4.21% | $0 or low | $0 | None | Reliable online banking |
| Openbank | 4.09% | $500 | $0.01 | None | Backed by Santander |
| Vio Bank | 4.03% | $100 | $100 | None | Simple and competitive |
| Peak Bank | 4.02% | $100 | Low | None | High ratings for service |
| LendingClub | 4.00% | $0 | $0 | None | No minimum balance |
All listed accounts are FDIC-insured up to $250,000 per depositor (or NCUA for credit unions), ensuring principal protection. Most feature no monthly maintenance fees, unlimited withdrawals in practice (though federal regulations may limit to six per month in some cases), and mobile apps for easy management.
Why High-Yield Savings Rates Remain Attractive in 2026
With the Federal Reserve maintaining a target range that supports borrowing costs without aggressive hikes, banks continue to compete aggressively for deposits through elevated APYs. Online institutions dominate the top spots because they avoid the costs of physical branches, enabling them to offer better returns. Savers benefit from compound interest that accrues daily or monthly, turning modest balances into noticeable growth over time.
For example, on a $20,000 deposit:
At 5.00% APY: Approximately $1,000 in interest over one year.
At 4.20% APY: Around $840 annually.
Compared to the national average 0.6% APY: Just $120.
This gap highlights the value of shopping around rather than settling for default rates at big traditional banks, which often pay 0.01% to 0.10%.
What to Consider When Choosing a High-Yield Savings Account
Look beyond the headline APY. Evaluate minimum balance requirements to earn the advertised rate, any caps on high-yield tiers, and ease of access via app or transfers. Many top accounts integrate seamlessly with checking for direct deposits or bill pay. Liquidity remains a core advantage—funds are available without penalties, unlike CDs.
Rates can fluctuate based on broader economic conditions, so monitoring periodically makes sense. In the current environment, locking in a strong yield now positions savers well for steady, low-risk growth.
Disclaimer: This is for informational purposes only and does not constitute financial, investment, or tax advice. Rates are variable and subject to change. Always verify current terms directly with the institution before opening an account.