Looking for the best high-yield savings accounts with no minimum balance? You’re in the right place. Whether you’re building an emergency fund, saving for travel, or just want your cash to earn more interest, these accounts let you grow your money without locking you into a required balance. Below are 10 of the top options in 2026, all known for competitive APYs, no monthly fees, and no minimum balance requirements.
1. Ally Bank – Online Savings Account
Ally Bank consistently ranks among the best high-yield savings accounts with no minimum balance. There’s no monthly maintenance fee, no minimum deposit requirement, and competitive APYs that often beat traditional banks. I especially like Ally’s “Savings Buckets” feature, which lets you organize goals like emergency funds or travel savings within one account. Transfers are easy, the mobile app is user-friendly, and customer service is available 24/7. If you want a simple, reliable, and flexible online savings account, Ally remains a top contender for hands-off savers.
2. Marcus by Goldman Sachs – Online Savings Account
Marcus by Goldman Sachs offers a straightforward high-yield savings account with no minimum balance and no monthly fees. It’s ideal if you prefer a clean, no-frills banking experience. Marcus is known for offering competitive interest rates and same-day transfers (within limits), which makes moving money convenient. There are no gimmicks, just solid interest earnings and strong backing from a well-established financial institution. If your goal is maximizing returns while keeping things simple, Marcus is a dependable option worth considering.
3. Discover Bank – Online Savings Account
Discover Bank’s online savings account is another strong choice with no minimum balance requirement and no monthly fees. It frequently offers competitive APYs and is backed by the same trusted brand behind Discover credit cards. The account integrates smoothly with Discover checking accounts and offers 24/7 U.S.-based customer service. You’ll also get access to an intuitive mobile app that makes deposits and transfers easy. If you’re already a Discover customer, opening a savings account here can streamline your banking while earning attractive interest.
4. American Express National Bank – High Yield Savings Account
American Express National Bank offers a competitive high-yield savings account with no minimum balance and no monthly maintenance fees. Backed by the trusted American Express brand, this account focuses on simplicity and security. While it doesn’t offer checking accounts, it’s perfect if you want a dedicated savings vehicle earning strong interest. The online interface is clean, and transfers are easy to manage. For savers who value brand reliability and a straightforward savings product, this account checks all the right boxes.
5. Capital One – 360 Performance Savings
Capital One’s 360 Performance Savings account combines strong APYs with zero minimum balance requirements and no monthly fees. You can open an account online in minutes, and it integrates seamlessly with Capital One checking products. The mobile app is polished and easy to use, making transfers and deposits quick. Another plus is access to Capital One Cafés and ATMs nationwide. If you prefer a hybrid of digital convenience and occasional in-person access, Capital One is an excellent middle ground.
6. SoFi – SoFi Savings
SoFi’s savings account stands out for offering high APYs (often with qualifying direct deposit), no minimum balance, and no account fees. It’s part of SoFi’s broader financial ecosystem, which includes investing, loans, and credit cards. The app is modern and intuitive, and customers get perks like financial planning resources. If you’re comfortable with a fintech-focused bank and want to manage multiple financial products in one place, SoFi’s savings account can be a strong, tech-forward choice.
7. Synchrony Bank – High Yield Savings
Synchrony Bank offers a high-yield savings account with no minimum balance requirement and no monthly service fees. It frequently provides competitive interest rates and optional ATM access, which isn’t always common among online savings accounts. Synchrony also offers perks like loyalty bonuses or ATM fee reimbursements (depending on terms). If you want a savings account that combines strong returns with occasional ATM flexibility, Synchrony is worth putting on your shortlist.
8. CIT Bank – Savings Connect
CIT Bank’s Savings Connect account offers competitive APYs with no minimum balance requirement and no monthly fees. It’s a strong option for savers who want higher returns without jumping through too many hoops. CIT Bank, a division of First Citizens Bank, has built a reputation for online-only savings products with attractive yields. The account works well for long-term savers who prioritize interest earnings over branch access. If maximizing yield is your top goal, CIT Bank deserves attention.
9. Barclays US – Online Savings Account
Barclays US offers a competitive online savings account with no minimum balance requirement and no monthly fees. It’s known for offering strong APYs and straightforward terms. There are no complicated tiers, just a single competitive rate applied to your balance. The online platform is clean and easy to navigate, making transfers and account management simple. If you prefer a globally recognized banking name with a focused savings product, Barclays is a solid contender.
10. PNC Bank – High Yield Savings (Select Markets)
PNC Bank’s High Yield Savings account (available in select markets) offers competitive interest rates with no minimum balance requirement. Unlike many online-only banks, PNC provides both digital tools and physical branch access. The mobile app is robust, and integration with other PNC banking products makes money management seamless. If you prefer having branch support while still earning a competitive yield, PNC can provide the best of both worlds, depending on availability in your area.
Conclusion
Choosing the best high-yield savings account with no minimum balance comes down to APY, fees, ease of transfers, and overall banking experience. Online banks often offer the highest yields, while hybrid banks provide in-person flexibility. Compare rates regularly, read the fine print, and pick the account that matches your savings style. Even a small difference in APY can significantly grow your money over time, and the best part? You don’t need a minimum balance to get started.