Best 5 High Yield Savings Account 2023

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What is the best high yield savings Account? We will be taking a look at the top performers in this category. What each bank has to offer with their high yield saving accounts. 

SoFi

No MInimum Balance 

4% APY 

No account fees and no service charges

FDIC Protection

Marcus

No MInimum Balance 

3.90% APY 

No account fees and no service charges

FDIC Protection 

CitBank

Minimum Balance $5000 for APY

4.50% APY 

No account fees and no service charges 

FDIC Protection

Citizens 

Minimum Balance  $0.01

4.25% APY 

No account fees and no service charges 

FDIC Protection

Citi 

Minimum Balance $1

3.85% APY 

No account fees and no service charges 

FDIC Protection

Building an Emergency Fund

People don’t talk about emergency funds enough. To have financial peace is a great goal. An emergency fund is another layer to reach financial peace. Instead of life events putting you back into debt you are able to cash flow the event and stay out of debt. With an emergency fund sitting around quite a while, parking your money in a high yield savings account is a great option.