Best Savings Accounts with No Minimum Balance in 2026
Starting small should not mean earning nothing. These savings accounts have no minimum balance requirement, so you earn competitive APY from your very first dollar.
How We Rank
Accounts are ranked using category-specific criteria. Each account earns points for APY, fee structure, and features that matter most for this use case. Learn more about our methodology →
Wealthfront Cash Account
by WealthfrontWealthfront Cash Account from Wealthfront offers a competitive 4.20% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #1
- Strong 4.20% APY
- No minimum balance required
- $0 to open
Barclays Tiered Savings Account
by BarclaysBarclays Tiered Savings Account from Barclays offers 3.65% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #2
- Competitive 3.65% APY
- No minimum balance required
- $0 to open
Marcus by Goldman Sachs High Yield Savings
by Goldman SachsMarcus by Goldman Sachs High Yield Savings from Goldman Sachs offers 3.40% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #3
- Competitive 3.40% APY
- No minimum balance required
- $0 to open
Synchrony High Yield Savings
by SynchronySynchrony High Yield Savings from Synchrony offers 3.40% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #4
- Competitive 3.40% APY
- No minimum balance required
- $0 to open
UFB Secure Savings
by UFB DirectUFB Secure Savings from UFB Direct offers 3.26% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #5
- Competitive 3.26% APY
- No minimum balance required
- $0 to open
American Express High Yield Savings
by American ExpressAmerican Express High Yield Savings from American Express offers 3.10% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #6
- Competitive 3.10% APY
- No minimum balance required
- $0 to open
SoFi Checking and Savings
by SoFiSoFi Checking and Savings from SoFi offers 3.10% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #7
- Competitive 3.10% APY
- No minimum balance required
- $0 to open
Ally Bank High Yield Savings
by Ally BankAlly Bank High Yield Savings from Ally Bank offers 3.00% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #8
- Competitive 3.00% APY
- No minimum balance required
- $0 to open
Capital One 360 Performance Savings
by Capital OneCapital One 360 Performance Savings from Capital One offers 3.00% APY with no monthly fees and no minimum balance requirement. Interest compounds daily and the account is FDIC insured.
Why it's #9
- Competitive 3.00% APY
- No minimum balance required
- $0 to open