High-yield accounts from banks you might already useMany of the best savings accounts are from online banks or fintechs that you may not be familiar with. The good news is there are plenty of high-yield accounts from popular and trusted institutions, such as SoFi, Marcus by Goldman Sachs and Discover. These banks were also highly rated by their customers in BrandOverall satisfactionCustomers who’d recommendReviewMore InfoSoFi★★★★★3.8/586%SoFi® is an online bank known for offering a range of products like its checking and savings hybrid account, investing, loans and more. Customers praise its easy-to-use mobile app, competitive rates and customer service.Go to siteCIT Bank★★★★★4.1/591%CIT Bank offers a variety of free interest-bearing accounts to choose from to build up your savings. Customers praise CIT’s helpful customer service and its competitive rates. Go to siteDiscover★★★★★3.9/590%Discover is a full-service online bank offering checking, savings, credit cards and more. Customers praise its competitive rate and like that Discover helps you build your credit and savings.Go to siteAmerican Express★★★★★3.8/587%American Expressmore info button offers competitive rates, $0 fees and online account access. Customers praise its competitive rates, reliability and helpful customer service.Go to siteVaro★★★★★3.7/583%Varo is an FDIC-insured digital bank account offering a checking and savings account with no monthly fees. Customers praise its no-hassle online savings experience and friendly customer service.Go to siteSynchrony Bank★★★★★3.6/584%Synchrony is an online bank that specializes in savings products, like savings and money market accounts, CDs and IRAs. Customers praise its customer service and reliability.Read ReviewAlly Bank★★★★★4.3/589%Ally is an online-only bank that offers competitive rates on its savings and checking accounts. Customers praise its savings features, easy-to-use app, competitive rates and helpful customer service.Read ReviewMarcus Goldman Sachs★★★★★4/593%Marcus by Goldman Sachs offers exclusively online accounts with competitive rates and no fees. Customers praise its high rate, its banking and investing strategies and how easy it is to save and budget with Marcus.Read ReviewChase★★★★★3.9/586%Chase is one of the largest banks in the US offering a variety of financial products like checking, savings and credit cards. Its savings accounts come with an autosave feature and new customers could snag a welcome bonus offer.Read ReviewCitizens Bank★★★★★3.6/581%Citizens bank is a regional bank offering a large branch network in the Midwest, Northeast and Florida. Customers praise its reliability and easy-to-use online banking platform. 5 alternatives to savings accountsIf you’re not sure a high-yield account is the right type of savings account for you, consider these alternatives for saving and storing your money.Certificates of deposit (CD). These deposit accounts for a set term and with guaranteed interest earnings, regardless of national rate changes. Money market accounts (MMAs). These deposit accounts are similar to regular savings accounts because they earn interest and are also like checking accounts because they can offer a debit card and checkwriting privileges. Compare the .High-yield checking. A offers a place to spend and save on unspent funds with rates as high as 4% APY.Investing. can offer strong yields, but your money isn’t insured by the FDIC. But some platforms, like , The national average savings rate is just 0.45% APY, which pales in comparison to some of the best savings account rates, currently 4% to 5% APY., High-yield savings accounts typically provide rates that are 10 to 20 times higher than their traditional counterparts. For instance, while the national average savings rate stands at 0.41%, many .