Catherine Hiles, CFEI®, originally hails from the U.K. and currently resides in Ohio, where she writes about finance, parenting, pets, home improvement, and more. In her spare time, Catherine enjoys running, reading, and hanging out with her husband, two young children, and energetic dog.
April 28, 2026
6 Best High-Yield Savings Accounts for 2026
Written by Catherine Hiles
Certified Financial Education Instructor®
Best high-yield savings account: FAQs
Can I link my HYSA to accounts at other banks?
You can usually link your HYSA to an account at another financial institution. Ask your financial institution about the exact method for connecting your accounts.
How often is interest compounded in an HYSA?
Depending on your financial institution, interest could be compounded daily or monthly. The more frequently interest compounds, the larger your return.
What happens if the interest rate drops after I open a HYSA?
The APY offered when you open a HYSA is not guaranteed to remain at that rate indefinitely. HYSA interest rates can fluctuate in response to changes in the federal interest rate. Even if your APY drops after you open an account, you'll still earn more than with a traditional savings account.
What should I do if I am denied an HYSA?
Although many financial institutions don't require you to have good credit to open a savings account, it's still possible to get denied. If this happens, ask the financial institution why your application was rejected. Then, look over your ChexSystems® report to ensure there aren't any errors that might make future account applications be denied.