5 high-yield online accounts with free ATM access

When it comes to maximizing your savings, an opening High-yield accounts is a no-brainer. These accounts offer yields of up to 12 times more Allows you to reach your savings goals faster than regular savings accounts.

The highest yield you will get is offered from some savings accounts Online Bank. Since these banks do not have the overhead cost of maintaining physical branches, they can lure customers with competitive interest rates. They also offer the convenience of 24/7, on-the-go banking via website and mobile app.

But some online banks have one significant drawback: they don’t offer ATM cards. If you want to access your funds, you have to jump through some hoops, such as transferring funds to a linked checking account and withdrawing them from there. This can be inconvenient at any time, but especially if you’re using your savings as one emergency fund And get money at a moment’s notice.

Fortunately, there are plenty of online savings accounts that offer both high yields and fee-free ATM access.

Check today’s top savings rates here to see how much you could earn.

5 high-yield online accounts with free ATM access

All accounts below are protected by FDIC insurance up to $250,000 (although SoFi offers significantly more). We’ve ranked them by APY, but you’ll want to compare them carefully to find the one that offers the best features for you.

Salem Five Direct (5.01% APY)

The eOne Savings Account from Salem Five Direct offers 5.01% APY on balances up to $1 million. It only requires a $10 minimum deposit and has no minimum balance requirements or monthly fees

Salem Five Direct is part of the AllPoint ATM network and offers fee-free access to 55,000+ ATMs worldwide, including stores such as Target, CVS and Walgreens.

Salem Five Direct is the online division of Salem Five Bank.

UFB Direct (4.81% APY)

UFB Direct’s Premier Savings Account earns 4.81% APY and has no minimum deposit requirements, maintenance fees or service fees. You can use its complimentary ATM card at over 90,000 locations nationwide. And, if you’re in a place with spotty WiFi, you can even access your account via SMS messaging.

UFB Direct is a division of online bank Axos Bank.

Lending Club (4.25% APY)

You’ll earn 4.25% APY with Lending Club’s High-Yield Savings Account. There are no monthly service fees or minimum balance requirements, although you need $100 to open an account

You can use MoneyPassⓇ and the free ATM card that comes with your account at over 37,000 ATMs in the SUMSM network. In addition, Lending Club offers unlimited reimbursement for out-of-network ATM charges through its ATM Fee Rebate Program.

Synchrony Bank (4.30% APY)

Synchrony Bank’s high-yield savings account offers an APY of 4.30% with no minimum deposit requirements, minimum balance requirements or monthly fees. You can access your funds for free from any ATM (nationally or internationally) with the Plus or Ascel logo. Synchrony also reimburses you for domestic out-of-network ATM charges up to $5 per statement cycle.

If you reach Diamond status in Synchrony’s Perks Rewards program, you may qualify for unlimited domestic ATM chargeback. This requires five years or more of banking with them or an account balance of $250,000 or more.

SoFi (4.30% APY)

SoFi’s high-yield savings account comes with a checking account (you can’t open an individual savings account at this point). If you set up direct deposit, you’ll earn 4.30% APY on your savings account and 1.20% APY on your checking.

SoFi’s savings account has no minimum or monthly balance requirements and no monthly fees It also has helpful features like AutoSave (which automatically saves a portion of your paycheck) and Vaults (which can help you reach specific savings goals). You can access your funds for free at any of AllPoint’s 55,000+ worldwide locations.

Big savers will enjoy the fact that SoFi offers significantly higher account protection than other savings accounts — up to $2 million through its SoFi insured deposit program. All you have to do is choose the program by responding to an email link or enrolling in the SoFi app.

Find your perfect savings account today — start by comparing your options here.

Bottom line

When it comes to savings accounts, you have a wide variety to choose from. per Get the most for your money, check out high-yield online accounts that offer fee-free ATM access. This will allow you to enjoy higher returns and ensure that you can access your funds whenever you need them – a true win-win.

View current savings rates now!