3 High-Interest Savings Accounts to Check Out in November

Although folks with debt are happy about interest rates going down, those of us with savings accounts are a bit less thrilled. Federal Reserve rate cuts mean our savings account rates also tend to drop.

While the typical APY (annual percentage yield) has dropped a bit since the Fed started cutting its benchmark rate, all is not lost. You can still find some excellent high-yield savings accounts with great interest rates.

Here are a few of the most competitive savings accounts on our list right now.

1. LendingClub LevelUp Savings

This is a highly competitive account that offers 4.40% APY with $250+ in monthly deposits. Plus, there's no minimum deposit to open and no monthly account fees.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product	APY	Min. to Earn
American Express® High Yield Savings Member FDIC. APY 3.70% Rate info 3.70% annual percentage yield as of April 18, 2025. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings On American Express's Secure Website. Member FDIC.	3.70% Rate info 3.70% annual percentage yield as of April 18, 2025. Terms apply.	$0	Open Account for American Express® High Yield Savings On American Express's Secure Website.
CIT Platinum Savings Member FDIC. APY 4.10% APY for balances of $5,000 or more Rate info 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY Min. to earn $100 to open account, $5,000+ for max APY Open Account for CIT Platinum Savings On CIT's Secure Website. Member FDIC.	4.10% APY for balances of $5,000 or more Rate info 4.10% APY for balances of $5,000 or more; otherwise, 0.25% APY	$100 to open account, $5,000+ for max APY	Open Account for CIT Platinum Savings On CIT's Secure Website.
Barclays Tiered Savings Member FDIC. APY 4.10% Rate info Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%. Min. to earn $0 Open Account for Barclays Tiered Savings On Barclays' Secure Website. Member FDIC.	4.10% Rate info Balances less than $250,000 earn 4.10%, and balances greater than $250,000 earn 4.30%.	$0	Open Account for Barclays Tiered Savings On Barclays' Secure Website.

Click here to open a new LendingClub LevelUp Savings account.

2. Western Alliance Bank High-Yield Savings Premier

If you want to earn 4.25% on your savings without jumping through hoops, this account could be the right fit. It requires just $500 to open, and $0.01 to earn that awesome APY -- all with no monthly maintenance fees.

Click here to open a new Western Alliance Bank High-Yield Savings Premier account.

3. Discover® Online Savings

You get the award-winning customer service of Discover® Bank, plus a competitive 3.70% APY with no minimum deposit or balance requirements. Even better, eligible new customers who make qualifying deposits can earn a welcome bonus of up to $200.

Click here to open a new Discover® Online Savings account.

Other places to put your savings

A high-yield savings account is a fantastic place to put your money when you want it to grow as safely as possible. But it's not your only option. Here are a couple other places to consider parking your cash.

Certificate of deposit (CD)

If you don't need access to your savings for a while, then a CD could be an excellent option. The best CDs earn rates similar to good high-yield savings accounts, and they'll earn that rate for the life of your CD (which is helpful in a time when rates may drop again soon).

The downside to a CD is that while your rate is locked in, so is your money; most CDs charge high fees for withdrawing any of your principal before the CD matures. That means CDs aren't the place for your emergency fund. But they can be an excellent place for mid-term savings, such as a down payment for a car or house.

Money market account

This is where you want your money to live if you want as much access to it as you can get along with a high interest rate. (I particularly recommend money market accounts for your emergency fund for this reason.)

The best money market accounts will offer a rate on par with a good high-yield savings account (aim for over 4%) while also providing additional access options. Namely, you'll get a debit/ATM card so you can get quick cash, and you'll also get the option to write paper checks (which is surprisingly still a feature you might really need).

Money markets have a lot of the same drawbacks as savings accounts, such as potentially having caps on how many transactions you can make in a given month. So read your fine print carefully.

Grow, grow, grow your boat

No matter which option you choose, make sure you choose somewhere your savings can grow. Don't squander it in your no-interest checking account (or under your no-interest mattress). Money doesn't grow on trees, but it can grow in savings accounts!