The average savings account yield is 0.38% as of the latest FDIC data. If you’re looking for a higher yield—one that provides some protection against inflation—a high-yield savings account (HYSA) might be a good choice. Many high-yield savings accounts offer interest rates higher than the national average, and some might offer promotional rates to boost your savings even further.
APYs in the “Best high-yield savings accounts of September 2026” table are accurate as of September 3, 2026. When comparing high-yield savings accounts, look beyond APY to consider what features and benefits might fit your needs. Alliant is a full-service credit union offering checking accounts, credit cards, loans and IRAs in addition to its high-yield savings option.
Savings accounts are NCUA-insured up to $250,000 and monitored for fraud 24/7. Alliant offers a feature that lets you open up to 19 supplemental savings accounts to track individual goals such as saving up for a wedding, vacation or emergency fund. It also offers a kids’ savings account for customers who want to start teaching their children healthy financial habits (and the kids’ account offers the same yield as high-yield accounts).
To become an Alliant Credit Union member, you need to be a current or retired employee from a business that partners with Alliant, be a domestic partner or family member of an Alliant member or live or work in one of its eligibility communities near the credit union’s Chicago headquarters. If you don’t meet any of these eligibility requirements, you can become an Alliant Credit Union Foundation advocate, and Alliant Credit Union will make a $5 contribution on your behalf. Why we chose it: As a digital credit union, Alliant makes it relatively easy for almost anyone to become a member and open a savings account.
Its High-Rate Savings accounts come with no maintenance fees, and you can open an account with just a $5 deposit. Alliant High-Rate Savings has a reasonably competitive rate, although it’s not the highest. It offers fee-free access to more than 80,000 ATMs, with card use available for the savings account if you don’t have an Alliant checking account debit card.
Caveats: To earn the advertised yield, you must maintain a balance of at least $100. Alliant has no physical branches, so if in-person access is important to you, this might not be the right credit union choice. Ally is a strong option for robust customer support and digital tools to optimize your savings.
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