Published 2026-08-02
Which of the 10 Banks We Track Pays the Most on Savings Right Now
Capital One's 360 Performance Savings leads our lineup at 4.10% APY, more than double the next-highest rate. Three of the ten banks we track pay 0.02% or less.
Key takeaways
- Capital One 360 Performance Savings tops our savings ranking at 4.10% APY, with no monthly fee.
- PNC High Yield Savings is second at 3.15% APY, but it's only available in select states.
- TD Simple Savings, Wells Fargo Way2Save and Truist Savings all pay 0.02% APY or less — the difference against the top of the ranking is dramatic on any real balance.
- Four of the ten banks we track don't publish a savings APY we could independently verify, so they don't appear in this ranking at all.
The gap between the top and bottom of our ranking is enormous
On a $10,000 balance, the difference between Capital One's 4.10% APY and Wells Fargo's 0.01% APY on Way2Save works out to roughly $409 a year in interest versus about a dollar. That's not a rounding error — it's the entire reason a savings account is worth comparing before you open one.
Our full ranking, sorted from highest to lowest APY, sits at /best/savings-accounts. We rank by APY first and, when two accounts tie, by the lower minimum opening deposit — the methodology is documented on our editorial guidelines page.
Why online-only accounts dominate the top of the list
The two highest-paying accounts in our lineup, from Capital One and PNC's High Yield Savings, both skip the physical-branch overhead that weighs down traditional brick-and-mortar rates. That's not universal — PNC's high-yield product is restricted to select states, which is exactly the kind of eligibility detail that a headline rate can hide. We flag it directly on the bank's profile page rather than leaving you to find out after applying.
Marcus by Goldman Sachs, an online-only bank in our lineup, doesn't currently appear in this ranking because we couldn't independently verify a current APY figure across our sources — see our /banks/goldman-sachs profile for the discrepancy we found and why we're not guessing at a number.
What this means if you're choosing a savings account today
If your priority is the highest rate and you're comfortable banking online, Capital One's 360 Performance Savings is the clear leader in our data, with zero monthly fee attached. If you're weighing it against a bank you already use for checking, our /compare/ tool lays the two accounts side by side, including what each bank doesn't tell you upfront — fee waivers, minimum deposits and eligibility.
If you'd rather see the full list with every account we track, start at /best/savings-accounts.
Frequently asked questions
Is a 4.10% APY savings account guaranteed to stay that high?
No. Savings account APYs are variable and can change at any time at the bank's discretion. The rate we show is what was verified on the date listed on the account's page — always confirm the current rate on the bank's own site before opening an account.
Why don't all 10 banks appear in the savings ranking?
We only rank accounts with a monthly-fee or APY figure we could verify against a source we trust. A bank not appearing here means we don't yet have a verified figure for it, not that it doesn't offer a savings account.
Run the numbers
This guide explains the concept. These put your own figures on it.
- Compound Interest CalculatorSee how your money grows with compound interest — add contributions and compare to the S&P 500's real historical returns.
- Emergency Fund CalculatorFind your emergency fund target and how long it takes to reach it.
- Inflation CalculatorSee how much your money will really be worth years from now, or what you'll need to match today's purchasing power.
Free and no sign-up, on financeinyourpocket.com — our sister site.
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