Choosing a digital bank that offers high-interest savings accounts can make a big difference in how fast your money grows. Here’s a look at some of the top online banks that offer high-interest savings options, giving you convenience and competitive rates to help you reach your financial goals.
Why Go with a Digital Bank for High-Interest Savings?

Digital banks often have higher interest rates than traditional banks because they save on overhead costs, which means they can pass those savings on to you. A high-interest digital savings account from the best online banks can be a great way to grow your savings faster, with all the convenience of online banking.
Top Digital Banks for High-Interest Savings Accounts

1. Ally Bank: Competitive Rates with No Monthly Fees
Ally Bank offers a high-yield savings account with great interest rates and no monthly fees. It’s known for its user-friendly online platform and mobile app, which make it easy to manage your savings anytime, anywhere. It is one of the best online banks with these features.
2. Marcus by Goldman Sachs: Great Rates and Strong Security
Marcus by Goldman Sachs offers a high-yield savings account with some of the best rates available. Their straightforward, secure online banking system makes it easy to grow your savings with peace of mind. This service is often highlighted among the top online banks.
3. Chime: Automated Savings with a Competitive Rate
Chime offers a high-interest savings account along with automated savings tools, such as round-up savings and automatic transfers. Chime’s account is a top pick for anyone looking for a hands-off way to save and earn a good return. Many consider Chime to be among the best online banks for its automated options.
4. Discover Bank: Strong Rates with Low Fees
Discover Bank provides a high-yield savings account that features competitive rates and minimal fees. Their online platform is reliable and easy to navigate, making it a great choice for managing your savings with ease. Discover is frequently mentioned when discussing the best online banks.
Choosing the Right Digital Bank for High-Interest Savings

When selecting a digital bank for a high-interest savings account, look at factors like interest rates, fees, ease of use, and security. Extra tools like budgeting or automated savings options can also help you reach your savings goals faster. Researching the best online banks can guide your decision. Check out Bankrate for a side-by-side comparison of current high-interest savings accounts to find the best option for you.
For a deeper look at finding the best digital bank for your unique financial needs, check out our guide on How to Choose the Right Digital Bank for Your Needs.