Why we chose it: Jenius Bank, a digital banking division of SMBC MANUBANK, a California commercial bank, offers customers a competitive APY on its FDIC-insured high-yield sings account, Jenius Sings, along with zero maintenance fees and no minimum balance.
If you he questions about your sings account, need to report a lost or stolen credit card or are experiencing technical issues, round-the-clock customer service is ailable so you can speak to someone at any time of day.
When you open a sings account with Jenius Bank, you he access to its free mobile app, which allows you to track your spending and manage your finances from your phone. It also offers personalized insights, which means you will be alerted to price increases in monthly bills and subscription services.
Ceats: For customers looking to do all their banking in one place, Jenius Bank might not be the best option. It currently only offers sings accounts and personal loans, so you’ll he to look elsewhere if you need a CD, checking account, money market account or credit card.
Best high-yield sings account newsDeposit account interest rates tend to fluctuate based on the economy and the federal-funds rate. Federal Reserve policymakers cautiously monitored economic conditions throughout much of 2025, in line with their dual mandate to keep unemployment low and prices stable.
The Fed cut its benchmark interest rate a quarter-point in December, lowering it for the third time this year to a range of 350 to 375 basis points. Officials signaled that they might pause rate reductions for the time being as they balance slow progress on inflation against a cooling labor market. Banks and other financial institutions often preemptively adjust their interest rates before a highly expected rate cut, so sers might not see significant changes in the immediate aftermath.
After its December meeting, the Fed also released its Summary of Economic Projections (SEP), detailing what committee members anticipate in 2026 and beyond. Per the release, most officials think one cut will be warranted next year.
Economic developments, the state of the labor market and the pace of inflation could all play a role in determining how many rate cuts 2026 will bring.
What is a high-yield sings account?A high-yield sings account is a type of sings account that offers an interest rate that’s higher than the typical APY. There is no uniform threshold for how high the interest rate must be to be considered a high-yield account, but many financial institutions tout APYs that are significantly higher than the national rate. Sers often open a high-yield account to earn the most interest on their cash—such as funds earmarked for a large purchase or emergencies—while keeping it in an account that’s easy to access.
When are sings rates going to fall?Market conditions and the federal-funds rate influence the interest rates that financial institutions offer on their sings products. The Federal Open Market Committee meets eight times a year to determine appropriate policy to manage the labor market, inflation and economic conditions. If the Federal Reserve lowers interest rates at its meeting, we can expect to see interest rates for sings, CDs and other interest-bearing accounts dip in response.
What is the difference between a high-yield sings account and a traditional sings account?Traditional sings accounts pay very little interest—typically less than 1%. This is below the erage rate of inflation, which means your money actually loses value over time in these accounts.
It’s common to see these types of sings accounts offered at big financial institutions with a lot of brick-and-mortar locations. There are benefits to keeping your money with these banks. If you he a branch near you, you can easily make in-person withdrawals or deposits. It can also be more convenient to open a sings account at the same institution you do the rest of your banking with, so you can easily transfer funds from checking to sings (or vice versa).
Many of the institutions that offer high-yield sings accounts are online banks with few or no physical branches, meaning you might he to do all your banking virtually. This can make it challenging to deposit or withdraw cash.
As long as your bank is FDIC-insured, your money is just as safe in a high-yield sings account as it is in a traditional sings account.
What is the highest-paying high-yield sings account today?The highest APY ailable changes frequently. As of December 24, 2025, Digital Federal Credit Union offers 5.00% APY on the first $1,000 deposited. Other institutions offer up to 4.60%, according to DepositAccounts.com. These rates can change and might be higher or lower depending on market conditions and other factors.
What are the fees associated with a high-yield sings account?Fees on high-yield sings accounts can vary from bank to bank, so it’s important to compare your options before deciding where to keep your money. Many high-yield sings accounts he low or no fees, though some charge monthly fees or he minimum initial deposit requirements to open an account. You might also see accounts that only pay the highest APY if you keep your balance above a certain threshold.
All of Buy Side’s best high-yield sings accounts he no monthly fees, though Bread Sings does charge $5 for paper statements.
Is it worth putting money into a high-yield sings account?A high-yield sings account can be beneficial whether you want to se for a future goal, build an emergency fund or just prefer to keep cash ailable. Sings accounts afford you a safe and accessible place to stash your money while offering interest to keep the funds on deposit, and a high-yield sings account offers a higher rate than the national erage. If you plan to keep any of your money in a sings account, it might make sense to look for one that has the highest APY in addition to the accessibility and features that matter most to you.
How to choose the best high-yield sings accountYour high-yield sings account comparison should include factors that matter most to you, in addition to APY.
What factors impact interest rates?High-yield sings account rates are heily influenced by the federal-funds rate, which is a benchmark set by the Federal Reserve. If the Federal Reserve raises its rate, banks often increase the yield they pay on sings. On the other hand, if the Federal Reserve cuts rates, like it did three times from September 2025 to the end of the year, interest rates on financial products are likely to fall.
In addition to the federal-funds rate, business goals impact interest rates. Banks and credit unions might offer competitive yields to attract depositors. Financial institutions might also offer higher introductory rates for a certain amount of time to encourage sers to open new accounts. A financial institution usually sets its rates based on how much profit it wants to make on the difference between yields paid to depositors and interest earned from the loans it makes. For example, a bank might pay you 4.15% APY to keep your money in an account and lend those funds to a borrower at 8.99% APR.
Minimum deposit and balance requirementsEven though a higher yield is a strong incentive to choose a sings account, other factors to consider include minimum deposit and balance requirements.
Minimum deposit: Review how much you need to open an account. Some high-yield sings accounts he no minimum deposit requirements, while others require $100 or more. Minimum balance: You might be required to maintain a minimum balance to oid a monthly fee or to earn the advertised yield. It might not be the best high-yield sings account for your needs if you can't meet the requirements.Confirm that your bank deposits are protected by the Federal Deposit Insurance Corporation (FDIC). (Credit union deposits are protected by the National Credit Union Administration.)
Withdrawal limits and restrictionsEven though there’s no longer a regulatory requirement to limit certain withdrawals and transactions to six per month, some banks and credit unions impose restrictions. Check the account to determine whether a penalty accompanies withdrawals and transfers beyond a certain number.
Understand how the institution differentiates between withdrawals, transfers and other transactions. Some institutions might allow unlimited transfers between connected accounts but restrict the number of cash withdrawals.
Best banks and credit unions offering high-yield sings accountsTo get the best high-yield sings account for you, compare three to five other options. You might find a better fit for your needs by exploring additional online sings accounts, credit unions or traditional banks.
Top online banks with high-yield sings accountsMy Banking Direct: My Banking Direct typically offers a higher yield than its online counterpart Ally, currently 4.02% APY. Although there’s a $500 opening deposit requirement, there are no monthly maintenance fees. However, unlike Ally, which provides a suite of regular banking products, including checking accounts, My Banking Direct’s offerings are more limited.CIT Bank: CIT’s Platinum Sings account offers a much higher APY if you can maintain a balance of $5,000 or more. If you plan to keep a higher balance, you might be able to maximize it with this account.Best credit unions for high APYsPenFed: As with Alliant, PenFed allows anyone to join, regardless of occupation or geographic location. The Premium Online Sings yield is much higher than the national erage but typically lower than that of other online sings products. Digital Federal Credit Union: Anyone can join by meeting basic criteria and opening an account with $5. This credit union account offers a much higher yield than many other products, but you only earn the yield on the first $1,000 in the account. After that, the yield is lower than the national erage.Traditional banks offering competitive high-yield sings ratesCitibank: Citi has a branch network on top of more than 65,000 fee-free ATMs, so the Citi Accelerate Sings account might be an attractive option if you live near a branch. The yield is competitive with other high-yield sings products. However, residents of certain states don’t he access to this account, so verify that you live in an eligible state before opening an account. The Citi Accelerate Sings account comes with a $4.50 monthly fee that can be waived.U.S. Bank: With more than 2,000 branches, this might be the most attractive option for in-person banking. The Bank Smartly Sings account earns a yield that aligns with other high-yield accounts, but you must connect it to a Bank Smartly Checking account or a Safe Debit account. You need $25 as an opening deposit.What are the benefits of high-yield sings accounts?