The current national average savings account interest rate stands at 0.39% APY, as per the latest data from the FDIC. However, numerous banks are promoting high-yield savings accounts with significantly better rates. Many accounts offer rates ranging from 4% to over 10% APY.
Top 2 Savings Accounts Offering 10%+ APY
For those seeking high returns on savings, two standout accounts have emerged in March 2026.
Spectra Credit Union Brilliant Kids Savings
- APY: Up to 10.38% on the first $1,000.
- Eligibility: Available to children aged 0-17 with a co-applicant.
- Requirements: A minimum of $5 in a related Spectra savings account.
- Access: ATM card available starting at age 13.
- Eligibility for Residents: Open to any state resident who joins the American Consumer Council.
Orsa Credit Union High-Yield Savings Account
- APY: Up to 10.00% on the first $1,000.
- Eligibility: Must be over age 13 and reside in Michigan.
- Minimum Deposit: Just $5 to open the account.
- Post Threshold Rate: Drops to 0.10% APY once exceeding $1,000.
Additional High-Yield Accounts Offering 5% APY or More
Several other accounts are also offering attractive rates that exceed 5% APY. Here are notable mentions:
OCCU Ignite Savings
- APY: High 5.25% on the first $500.
- Requirements: Membership eligibility based on residency or affiliation in select counties in Oregon or Washington State.
Boeing Employees’ Credit Union (BECU) Savings
- APY: 5.12% on the first $500.
- Eligibility: Open to current or former Boeing staff, residents of specific counties in Oregon, Idaho, and South Carolina.
Varo High-Yield Savings
- APY: 5.00% on the first $5,000.
- Conditions: Requires direct deposits totaling $1,000 monthly.
AdelFi Harvest High-Yield Savings Account
- APY: 5.00% on the first $5,000.
- Additional Rates: 2.25% APY for balances from $5,000 to $10,000.
- Requirements: Application via online banking and at least $500 monthly deposits.
Service Credit Union Primary Savings
- APY: 5.00% on the first $500.
- Eligibility: Benefits available to service members or their families.
Unitus Community Credit Union Rewards Savings
- APY: 5.00% with linked checking account.
- Requirements: Activation of a Unitus debit card and enrollment in eStatements for the high yield.
Together Credit Union Accelerate It Savings
- APY: 5.00% on the first $5,000.
- Minimum Deposit: Start earning high APY with a deposit of $100 or more.
Accessible High-Yield Savings Accounts
For those with no specific residency or financial restrictions, consider these accounts that yield impressive rates:
Pibank Savings Account
- APY: Up to 4.60% APY.
- Fees: No minimums or fees.
GO2 Bank High-Yield Savings
- APY: 4.50% for the first $5,000 with a checking account.
Axos One Checking and Savings
- APY: 4.21% for savings.
Newtek Bank Personal High-Yield Savings
- APY: 4.20% APY.
TIMBR High-Yield Savings
- APY: 4.15%. Requires a $1,000 opening deposit.
When selecting a savings account, consider both the APY and any associated conditions. Always verify eligibility and read the terms carefully.
