1.Varo Money Savings Account
Varo Bank
5.00% APY
For new customers who open a Varo Bank Account using a referral link and deposit at least $500 within 45 days.
$0
$0
6 withdrawals per month
Varo Money Savings Account earns the #1 spot due to its impressive tiered APY of up to 5.00% on balances up to $5,000, making it a standout choice for savers. The account's lack of monthly fees and no minimum balance requirements further enhance its appeal, allowing users to maximize their savings without incurring costs.
Pros:
- High APY
- No monthly fees
Cons:
- Requires direct deposit to earn top rate
- Limited to $5,000 for highest APY
2.Axos Bank High Yield Savings
Axos Bank
4.21% APY
$0
$0
What sets the Axos Bank High Yield Savings account apart is its competitive APY of up to 4.21%, which is accessible with straightforward requirements. This account is particularly attractive for those looking for a high-yield option without the burden of monthly fees or minimum balance requirements.
Pros:
- Competitive APY
- No monthly maintenance fees
Cons:
- Requires direct deposits to earn top rate
- Limited branch access
3.Newtek Bank Savings Account
Newtek Bank
4.20% APY
With qualifying activities.
$0
$100
6 withdrawals per month
The standout feature of the Newtek Bank Savings Account is its competitive APY of 4.20%, which is complemented by no monthly fees and a low minimum deposit requirement. This account is ideal for those looking to earn a solid return on their savings while enjoying flexibility in withdrawals.
Pros:
- No monthly fees
- High APY
Cons:
- Requires a minimum deposit to open
- Currently waitlisted for new applications
4.Wealthfront Cash Account
Wealthfront
3.30% APY
For three months on balances up to $150,000.
$0
$1
This account shines for its combination of a competitive APY of 3.30% and the absence of monthly fees, making it a strong contender for those seeking a hybrid between checking and savings. The added benefit of up to $8 million in FDIC insurance through partner banks enhances its security for account holders.
Pros:
- No account fees
- Unlimited free transfers
Cons:
- Variable APY
- Limited to online banking
5.Vio Bank Savings Account
Vio Bank
4.03% APY
For qualifying activities.
$5
$100
6 withdrawals per month
Vio Bank's Savings Account offers a competitive APY of 4.03% with no monthly maintenance fees, making it an attractive option for savers. The account's requirement for a minimum deposit and the potential for fees on paper statements are minor drawbacks compared to the overall value it provides.
Pros:
- High yield
- No monthly maintenance fees
Cons:
- $5 fee for paper statements
- Limited to six free withdrawals per month
Final Words
In summary, as you explore the best high-interest savings accounts this March 2026, consider the compelling offers like Varo Money's tiered rates and others that can help you maximize your savings. Make sure to compare these options carefully to find the best fit for your financial goals.
Frequently Asked Questions
The Varo Money Savings Account offers up to 5.00% APY on balances up to $5,000, provided you receive $1,000 or more in monthly direct deposits and maintain a positive balance.
No, the Varo Money Savings Account has a monthly fee of $0.
The Axos Bank High Yield Savings account offers an APY of 4.21% with no monthly fees, making it a competitive choice among high-interest savings accounts.
The Newtek Bank Savings Account offers an APY of 4.20% with no monthly fees.
When choosing a high-interest savings account, consider the APY, any monthly fees, minimum balance requirements, and additional features like online banking or mobile access.
Yes, high-interest savings accounts offered by FDIC-insured banks are safe as they are insured up to $250,000 per depositor.
To maximize your earnings, look for accounts with the highest APY, maintain the required balance, and set up regular direct deposits.
Factors that can affect the APY on your savings account include the bank's policies, the balance in your account, and whether you meet any specific criteria such as direct deposit requirements.
