8 High-Yield Savings Accounts to Store Your Emergency Fund

No matter how confident you are in your financial planning, if you’re not healthy, you’re setting yourself up for trouble emergency fund. Anything can happen at any time and emergency savings can help keep you afloat if you lose your job, get sick or have an unexpected, big expense like home repairs.

The easiest way Increase your savings It is by putting in one High Yield Savings Account. These accounts carry 10% to 15% higher returns Regular savings accountAllows you to collect as much interest as possible while waiting until you need the money.

There are plenty of high-yield savings accounts to choose from. We’ve made things easier for you by rounding up some of our top recommendations

See how much you could earn by looking at today’s savings rates here.

High-yield savings accounts are ideal for storing your emergency fund

All of the following accounts are FDIC-insured, money Your money is protected Up to $250,000 per bank account. They offer APYs of 4.50% or higher, in addition to features like few or no fees and low or minimum balance requirements in many cases.

Popular Direct: 4.85% APY

Popular Direct Savings offers one of the highest APYs at 4.85%. You must deposit at least $100 when you open the account, but there is no monthly service fee (although you will be charged $25 if you close your account within 180 days of opening it). This account provides easy access through mobile and online banking. Popular Direct is a division of Popular Bank.

CIT Bank: 4.85% APY

If you have significant savings, CIT Bank’s Platinum Savings Account is worth considering. It offers 4.85% APY but you must deposit at least $100 at account opening and maintain a balance of at least $5,000 (if you don’t meet the minimum balance, you’ll only earn 0.25% APY). There are no ongoing fees on this account. CIT Bank is a division of First-Citizen Bank and Trust.

UFB Direct: 4.81% APY

UFB Direct’s Premier Savings Account is great for those who value a simple, hassle-free banking experience in addition to high yields. In addition to a competitive 4.81% APY, it has no account minimums or fees. It also offers a free ATM card, mobile check deposit and other online bank features UFB Direct is a division of Axos Bank.

TAB Bank: 4.76% APY

TAB Bank’s high-yield savings account earns 4.76% APY and has no minimum balance or deposit requirements and no maintenance fees. It has no maximum balance requirement, which means there’s no cap on how much interest you can earn.

Basque Bank: 4.75% APY

Basque Bank’s interest savings account has the next best APY on the list at 4.75%. There are no monthly fees or minimum balance requirements, but you do need to make a deposit within 15 days of opening your account. Basque Bank is a division of Texas Capital Bank.

Salem Five Direct: 4.61% APY

You’ll earn 4.61% APY with the eOne Savings Account from Salem Five Direct. You need to deposit at least $10 to open the account, but you get interest on deposits up to $1 million. The account has no monthly fees or minimum balance requirements. Salem Five Direct is a division of Salem Five Bank.

Bread Savings: 4.61% APY

Bread Savings’ high-yield savings account earns a healthy 4.65% APY and has no monthly or maintenance fees. You must deposit a minimum of $100 to open an account. Bread Savings is a division of Bread Financial, formerly known as Community Capital Bank.

Citizen Access: 4.50% APY

If you have more than $0.01, you can open a high-yield online savings account with Citizens Access. It is their minimum opening deposit requirements. The account offers 4.50% APY, as well as no monthly fees.

View current savings rates online now.

Bottom line

Emergency savings are crucial to ensuring your financial security. And with the high-yield savings accounts above, you can make your savings work harder for you with the highest APYs on the market today. To find the best account for you, carefully compare your options This is the main question in mind.

Whichever account you choose, you can rest easy knowing you have funds to rely on if things go wrong.