High Yield Savings Account Rates - April 2020

Wondering about high yield savings account rates, and which savings accounts will pay you the most interest on your deposit?

Here are the two best high yield savings account rates as of April 2020, plus a high yield savings account alternative for those of you who would like to earn an even high rate.

Best high yield savings account rates, with Minimums: CIT Bank at 1.75% APY



CIT Bank is a top 50 U.S. bank that serves both retail customers and businesses. CIT Bank tops the traditional high yield savings account rates for accounts with minimums. CIT Bank doesn't have the most friendly online experience, but it pays the highest return for accounts with FDIC insurance.

CIT Bank offers an online-only savings account with a high yield savings account rate of 1.75% APY. There are restrictions for earning CIT Bank's high yield savings account rate, outlined below.

Earning CIT Bank's 1.75% high yield savings account rate requires one of the following:

1. Balance greater than $25,000.
2. Monthly recurring deposits of $100, with a minimum $100 opening deposit.


Customers who do not meet these requirements will earn a high yield savings account rate of 1.15% APY on their deposit.

See more information about CIT Bank's high yield savings account rates on their website: https://www.cit.com/cit-bank/bank/savings/savings-builder-account/.

Best high yield savings account rates, with no Minimums: Marcus by Goldman Sachs at 1.70% APY




Marcus by Goldman Sachs is the retail arm of the well-known investment bank, Goldman Sachs. According to their website, Marcus was created to help people achieve financial well-being. Marcus tops the traditional high yield savings account rates for accounts without minimums. Marcus is known for its great customer service.

Marcus offers an online-only savings account with a high yield savings account rate of 1.70% APY. There are no minimums or requirements to earn Marcus's high yield savings account rate. Simply open an account and make your first deposit of any amount.

See more information about Marcus's high yield savings account rates on their website: https://www.marcus.com/us/en/savings/high-yield-savings

Best high yield savings account rates, alternative category: Linus at 4.00% APY




For those of you with a slightly higher appetite for risk, Linus is a high yield savings account alternative. According to their website, Linus helps the everyday investor access the wealth-building opportunities of emerging digital asset ecosystems. Linus tops the high yield savings account rates for the alternative category. While Linus is not FDIC-insured, it has a simple online experience and friendly customer support, which makes it very easy to use.

Linus offers an online-only savings account with a high yield savings account rate of 4.00% APY. There are no minimums or requirements to earn Linus's high yield savings account rate. Linus has a $500 minimum deposit.

Learn more about Linus's high yield savings account rates on their website: https://www.getlinus.io/.




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