Top High-Yield Savings Accounts Offer 5% APY or More

We've found 10 of the highest savings account APYs available in February 2026.

Published on Feb. 6, 2026

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While the national average APY for savings accounts is just 0.39%, some high-yield savings accounts are now offering upward of 4% to 5%. We've searched through dozens of banks and credit unions to find 10 of the highest saving account APYs offered this month, including accounts from Spectra Credit Union, Orsa Credit Union, Flare Account, OCCU, BECU, Varo, Canvas Credit Union, OnPoint Community Credit Union, Together Credit Union, and Digital Federal Credit Union.

Why it matters

With interest rates rising, savers are looking for the best yields on their deposits. These high-yield savings accounts provide an opportunity for consumers to earn significantly more on their savings compared to the national average.

The details

The accounts featured offer APYs ranging from 5% to as high as 10.38% on the first $1,000 to $5,000 deposited. However, once balances exceed the tiers with the highest rates, the APYs drop significantly, in some cases below 1%. Many of the accounts also have requirements such as minimum balances, direct deposits, or membership eligibility based on location or employer.

  • The data and account details are current as of February 2026.

The players

Spectra Credit Union

A credit union based in Alexandria, Virginia that offers a high-yield Brilliant Kids Savings account.

Orsa Credit Union

Formerly known as Community Financial Credit Union, this Michigan-based credit union offers a high-yield savings account.

Flare Account

An online bank that offers a high-yield Optional Online Savings account with no residential restrictions.

Oregon Community Credit Union (OCCU)

A credit union that offers a high-yield Ignite Savings account, but with membership requirements based on location or affiliation.

Boeing Employees' Credit Union (BECU)

A credit union that offers a high-yield savings account, with eligibility based on association with Boeing or location.

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What they’re saying

“It's important to read the terms and make sure you understand if it's a short-term promotional rate, if there are balance restrictions on the rate or if certain behavior is required to land the rate, like monthly direct deposits or debit card transactions.”

— Kate Ashford, investing specialist (NerdWallet)

The takeaway

While these high-yield savings accounts offer attractive APYs, consumers should carefully review the terms and conditions to understand any balance requirements, fees, or eligibility restrictions before opening an account to maximize their returns.