Banking
Best High-Interest Savings Accounts
12 accounts compared on rate, fees, insurance coverage and transfer speed.
Last updated July 2026 · Fact-checked by the Finance Trio research desk
Advertising disclosure: we may earn a commission when you open an account through a link on this page. Rankings are determined by our published scoring model, not by compensation.
Our Top Pick
Editor's Choice
Best overall value
Highest user rating
At a glance
| Provider | Award | Rating | Pricing | Apply |
|---|---|---|---|---|
| EQ Bank Savings Plus AccountEQ Bank (Equitable Bank) · Canada | Best overall (Canada) | 4.7 | No monthly fee | |
| Tangerine Savings AccountTangerine Bank · Canada | Best for beginners (Canada) | 4.4 | No monthly fee | |
| Marcus by Goldman Sachs High-Yield Online SavingsGoldman Sachs · US | Best overall (US) | 4.7 | No monthly fee | |
| Ally Bank Online Savings AccountAlly Bank · US | Best tools (US) | 4.6 | No monthly fee |
The picks in detail
- 4.7
Best overall (Canada)
EQ Bank Savings Plus Account
Consistently among the highest everyday rates in Canada, with CDIC insurance.
Pros
- High ongoing rate
- No minimum balance
- CDIC insured
Cons
- Online only
- No physical branches
- 4.4
Best for beginners (Canada)
Tangerine Savings Account
Simple signup, strong promo rates for new clients, CDIC insured.
Pros
- Easy onboarding
- No fees
- Automatic savings tools
Cons
- Promo rate expires
- Base rate is lower
- 4.7
Best overall (US)
Marcus by Goldman Sachs High-Yield Online Savings
Top-tier APY with no minimum deposit and FDIC insurance.
Pros
- Competitive APY
- No fees or minimums
- FDIC insured
Cons
- No checking account
- No ATM access
- 4.6
Best tools (US)
Ally Bank Online Savings Account
Strong APY plus savings 'buckets' and boosters to automate goals.
Pros
- Savings buckets
- No minimums
- 24/7 support
Cons
- No cash deposits
- Online only
Frequently asked questions
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