• No monthly fees or minimum balance requirements
• $25 deposit required Mobile check deposits via app 
• 80,000 fee-free ATMs nationwide
• Highest APY is limited to balances up to $1,000

While DCU’s 6.17% APY tops our list of high-yield savings accounts, the APY only applies to savings account balances up to $1,000. Beyond that, balances earn a 0.16% APY, which is less than the national average of 0.24%. We like that DCU offers mobile check deposits and has plenty of fee-free ATMs, but it doesn’t offer many other perks or frills beyond that. 

The credit union has 24 branches in New Hampshire and Massachusetts, but serves members nationwide through a network of more than 5,900 co-op shared branches. Membership is available to employees or members of partner organizations. Visit its website for eligibility requirements.

• No monthly fees, minimum deposit or balance requirements
• Mobile check deposits via app 
• No service or transaction fees
• Limit of six withdrawals per statement cycle
• Live customer support available 24/7

Newtek Bank is an online-only subsidiary of Newtek One. The 5.00% APY applies to all balance levels, but you’ll be limited to six withdrawals per statement cycle. Also, the account doesn’t come with an ATM card. You can open as many personal banking accounts as needed, all of which can be managed through an online banking account or mobile app. So if you don’t want to manage your account online or need to make more than six withdrawals, it’s best to consider other options. 

• No monthly fees, minimum deposit or balance requirements
• Mobile check deposits via app
• Roundup tools to automate savings 
• Highest APY available limited to balances up to $5,000
• Minimum of $1,000 in monthly direct deposits required to earn APY

 
Varo Bank is the second bank on our list with a tiered savings rate that benefits lower balances. Savings accounts that maintain a maximum daily balance of $5,000 for the entire monthly billing cycle earn 5.00% APY. Amounts above $5,000 will earn 3.00% APY.

To qualify for any interest at all, you’ll need to have $1,000 in direct deposits every month. You’ll also need to end each month with a positive balance in both your Varo Bank and Savings account. While Varo presents a tempting APY for those with lower balances, once your account balance exceeds $5,000, you’ll drop down to the lower APY.

However, we like that Varo offers more wiggle room to grow your stash with automatic round-ups to move your change from deposits and transactions to your savings.

• No monthly fees, minimum deposit or balance requirements
• Premier Money Market account also earns the same high-yield APY
• Mobile check deposits via mobile app 
• Expanded insurance protection available up to $150 million
• ATM card available

UFB Premier Savings has a highly competitive APY that applies to all balances — unlike some banks highlighted above that reserve top APYs for specific balance tiers.

In addition to great rates, we like that UFB Direct’s savings account comes with a free ATM card and unlimited free transfers between accounts. However, there’s a limit of six withdrawals a month and after that, there’s a $10 excessive transaction fee. That doesn’t apply to ATM cards, though. As an online-only bank, UFB Direct doesn’t offer physical branches, but you can handle deposits and transfers through its mobile banking app, online and SMS mobile banking — which can come in handy if you don’t have access to Wi-Fi or mobile data, but need to handle your account.

• No monthly fees, minimum deposit or balance requirements 
• Mobile check deposits via app 
• Debit cards are not available with the High Yield Savings account

 
Laurel Road’s savings account doesn’t require a minimum deposit or balance to earn its competitive 4.80% APY. According to its website, your interest rate may vary based on your relationship with the bank, balances on other Laurel Road accounts and other factors. Laurel Road is the digital arm of KeyBank, but it doesn’t accept cash deposits. You’ll need to transfer funds and manage your account online.

• No monthly fees, minimum deposit or balance requirements 
• Minimum $25 deposit required 
• Mobile check deposits via app
• Live customer support available 24/7 
• Expanded insurance protection available up to $125 million

Panacea Financial, created by doctors for doctors, has a high-yield savings account that is open to everyone nationwide. The competitive APY applies to all balance levels. Plus, you’ll have 24/7 live customer support by calling 833-472-6223.

There’s an added benefit sure to come in handy for those with larger balances: The PLUS Insured Cash Sweep offers expanded insurance for balances over $250,000 up to $125 million per tax ID.

• No monthly  fees, minimum deposit or balance requirements
• $5 monthly fee for paper statements
• Full suite of deposit accounts available
• Mobile check deposits via app, plus text alerts 
• Extended customer service hours

TAB Bank recently increased its already competitive high-yield savings account APY to 4.76%. There’s no minimum balance or deposit required and you’ll only need 1 cent in your account to start earning interest. 

Because TAB Bank is an online-only bank, we also like that you can receive mobile alerts and text messages. For example, you can receive alerts about withdrawals when your account falls below a certain limit. Another benefit is that TAB has extended customer service hours — Monday through Friday from 6 a.m. to 7 p.m. MST and Saturdays from 9 a.m. to 3 p.m. MST, excluding federal holidays.

• No monthly fees, minimum deposit or balance requirements
• Two savings account options available: one earns American Airlines miles, the other earns interest
• Doesn’t offer ATM or debit cards with savings account
• Mobile check deposits via app

Bask Bank is an online-only subsidiary of Texas Capital Bank that offers two savings accounts. The Interest Savings Account allows you to earn one of the most competitive APYs available. 

There aren’t any deposit or balance requirements. However, Bask Bank reserves the right to close your account if it sits unfunded for 60 days. It allows six withdrawals per month from your account, but it doesn’t offer debit or ATM cards. One major drawback is that the savings accounts don’t permit joint ownership, which could represent a significant limitation for some. And this may not be the best option if you prefer to keep your checking and savings accounts together. Bask does not offer checking or money market accounts.