6 Best Savings Accounts With High Interest and Low Fees
Written by
Ashley Donohoe
Edited by
Sequoya Davis
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Having a savings account comes with several advantages, including safety, interest earnings and convenient access. However, traditional banks often pay low savings rates and may charge fees that hinder your cash’s growth. If you’re willing to work with an online bank, you can find options that pay well above the current 0.47% national average, minimize costs and require little money to start. Here are six top savings accounts to consider.
1. UFB Secure Savings
This account from UFB Direct features a very high annual percentage yield (APY) without a minimum account balance needed. Not only can you open the account without depositing anything upfront, but you also won’t be stuck with monthly fees. Plus, you get an ATM card, unlimited transfers and popular mobile banking tools.
2. Synchrony Bank High-Yield Savings
With a APY, Synchrony Bank’s high-yield savings account is a competitive pick without minimum balance or opening deposit requirements. It features an optional ATM card with limited ATM fee reimbursement, no account maintenance fees and a user-friendly app with live support. But the monthly limit of six convenient withdrawals makes it more suitable if you won’t touch your savings often.
3. CIT Bank Savings Direct
The CIT Bank Savings Direct account provides a APY and lacks monthly fees to offset the earnings. Although it does require you to deposit at least $100 upfront, you won’t need to keep a minimum balance afterward to enjoy the top APY. It’s a more basic pick since it lacks an ATM card, but you do get unlimited withdrawals and 24/7 support.Â
4. Marcus Online Savings
The savings account from Marcus not only offers a high APY but also stands out for features such as same-day bank transfers, savings tools and multiple 24/7 support options. You can get this online account without a minimum opening deposit, and no monthly maintenance fees or minimum balance requirements apply. It offers unlimited monthly withdrawals but no ATM card.
5. American Express® High-Yield Savings
Besides not charging monthly fees, this American Express® savings account offers a Annual Percentage Yield (APY) as of 3/18/261 without a minimum balance needed.2 It also includes perks such as 24/7 support, no minimum opening deposit amount and automatic savings deposits. While you won’t be able to make ATM transactions, you can make nine online withdrawals each month.Â
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6. Ally Bank Savings
While it has the lowest APY on this list, Ally Bank’s no monthly fees and its unique money tools can help make up for it. For example, you can create buckets for savings goals, track your balance’s growth and automate your savings. It also stands out for 24/7 support and no minimum amounts for opening the account or earning a return. Plus, you’re allowed 10 monthly withdrawals despite no ATM card.
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1The Annual Percentage Yield (APY) as advertised is accurate as of 03/18/2026. Interest rate and APY are subject to change at any time without notice before and after a High Yield Savings Account is opened. Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded
2There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you
