When it comes to goals for the new year, a large number of Americans are putting an emphasis on improving their finances in 2024. And, it makes sense to get your finances in order at the start of a new year. After all, you can set yourself up for financial success by making the right choices with your money — and the sooner you get started, the better.

There are lots of ways you can do this, from investing in stocks, bonds or gold to putting your money in a CD with a top interest rate. But one of the easiest options is to move your savings from a regular savings account to a high-yield savings account. While high-yield and regular savings accounts function similarly, there’s one big difference: the APY you can earn on your money.

Right now, traditional savings accounts currently offer an average rate of just 0.46%, while high-yield savings accounts offer rates that are much higher. But if you’re going to make the effort to move your savings to a new account, it makes sense to try and maximize your potential earnings. And that starts with finding high-yield savings accounts with the top rates and account requirements that align with your finances. 

Start narrowing down your top high-yield savings account options here.

22 best high-yield savings accounts for January 2024

If you’re ready to start earning more interest on your money, there are lots of great high-yield savings accounts to consider this month, including: 

• BECU — 6.17% APY: This account has a $0 minimum opening deposit requirement; the 6.17% APY only applies to the first $500 deposited into the account; balances over $500 earn an APY of 0.50%; this account has no monthly maintenance fee
• Digital Federal Credit Union — 6.17% APY: This account requires a $500 minimum opening deposit; the 6.17% APY only applies to the first $1,000 deposited into the account; balances over $1,000 earn an APY of 0.15%; this account has no monthly maintenance fee
• Andrews Federal Credit Union — 5.75%: This account requires a $500 minimum opening deposit; the 5.75% APY only applies to the first $1,000 deposited into the account; balances over $1,000 earn an APY of 0.05%; this account has no monthly maintenance fee
• Milli — 5.50% APY: This account has a $0 minimum opening deposit requirement; there is a $0 minimum balance required; this account has no monthly maintenance fee
• MyBankingDirect — 5.35% APY: This account requires a $500 minimum opening deposit; a $500 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Brio Direct — 5.35% APY: This account requires a $5,000 minimum opening deposit; a $25 minimum balance is required to earn the top APY; this account has no monthly maintenance fee
• Customers Bank — 5.30% APY: This account requires a $500 minimum opening deposit; a $0 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Ivy Bank — 5.30% APY: This account requires a $2,500 minimum opening deposit; a $2,500 minimum balance is required to earn the top APY; balances under $2,500 will earn a 0.05% APY; this account has no monthly maintenance fee
• Tab Bank — 5.27% APY: This account has a $0 minimum opening deposit requirement; a $0.01 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Total Direct Bank — 5.26% APY: This account is a money market account, not a high-yield savings account, but it functions similarly; to open this account, you must make a $25,000 minimum deposit via ACH; a $2,500 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Popular Direct — 5.25% APY: This account has a $100 opening deposit requirement; a $100 minimum balance is required to earn the 5.40% APY; it has no monthly maintenance fee; there is a $25 fee for closing the account within the first 180 days of opening it
• UFB Direct — 5.25% APY: This account has a $0 minimum opening deposit requirement; a $0 minimum balance is required to earn the top APY; the account has no monthly maintenance fee
• Newtek Bank — 5.25% APY: This account has a $0 minimum deposit requirement; a $0 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Evergreen Bank Group — 5.25% APY: This account requires a $100 minimum opening deposit; a $0 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Valley Direct — 5.25% APY: This account requires a $1 minimum opening deposit; a $0.01 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• CFG Bank — 5.25% APY: This account is also a money market account, not a high-yield savings account, but it works in a similar fashion; it requires a $1,000 minimum opening deposit; a $1,000 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• FNBO Direct — 5.15% APY: This account requires a $1 minimum opening deposit; a $1 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Bread Savings — 5.15% APY: This account requires a $100 minimum opening deposit; a $0 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• RBMAX — 5.15%: This account requires a $10 minimum opening deposit; an APY of 5.15% is paid on accounts with balances of up to $249,000; an APY of between 5.03% and 0.50% is paid on accounts with balances over $250,000; this account has no monthly service or maintenance fees
• CIT Bank — 5.05% APY: This account requires a $100 minimum opening deposit; a $5,000 minimum balance is required to earn the top APY; this account has no monthly service fee
• CIBC Bank — 5.01% APY: This account requires a $1,000 minimum opening deposit requirement; a $1 minimum balance is required to earn the advertised APY; this account has no monthly maintenance fee
• Salem Five Direct — 5.01% APY: This account requires a $10 minimum opening deposit requirement; a $10 minimum balance is required to earn the top APY (rate paid on balances up to $1 million); this account has no monthly service or maintenance fees

Find out how today’s high-yield savings account rates could benefit you.

The bottom line

There’s no reason to settle for the low rates offered by regular savings accounts. And, you don’t have to rearrange your full financial picture to earn more returns on your money. By moving your savings to one of the top high-yield savings accounts outlined above, you can earn returns of 11 times (or more) on your money and start 2024 off on the right financial footing.