Best High-Yield Savings Accounts for Physicians (2026)
Six FDIC-insured savings accounts compared on what each bank publishes: APY, ATM access, checking, transfer speed, and the conditions behind the headline rate. Tick any two or three to compare them side by side.
On This Page
In this review
Key takeaways
- •Axos Bank Summit Savings pays the most with no strings: 3.75% APY as of September 23, 2026.
- •Axos’s 4.21% has conditions: Axos ONE Checking plus $1,500 a month in direct deposits and a $1,500 average balance, or the rate falls to 1.00%.
- •Need an ATM card? Only Axos Summit Savings and UFB Portfolio Savings publish one. Need speed? Marcus moves money the same day before noon ET.
- •None charges a monthly fee or needs a minimum balance for its rate. The FDIC national average for savings is 0.37%.
A physician household usually has several piles of cash at once: an emergency fund, quarterly taxes on 1099 income, a down payment. This review compares six online savings accounts on what each bank publishes about itself, read September 23, 2026. How much to hold, how the interest is taxed, and when a Treasury bill is the better place are in our high-yield savings guide for physicians.
An earlier version of this page gave each bank a star rating and a weighted score, and described some banks’ service and pricing habits we couldn’t document. We replaced that with the banks’ own terms. We also had Axos listed at 4.21% without its checking-account conditions; it now shows Axos’s no-conditions Summit Savings rate, with the 4.21% offer and its terms spelled out.
Six accounts, side by side
Tick up to 3 accounts to compare them side by side.
| Bank | Account | APY | ATM card | Checking at same bank | Transfers |
|---|---|---|---|---|---|
| Axos Bank | Summit Savings | 3.75%* | Yes | Axos ONE Checking | Instant between Axos accounts |
| Marcus by Goldman Sachs | Online Savings Account | 3.50% | No | No | Same day if made by 12 pm ET on a business day |
| UFB Direct | UFB Portfolio Savings | 3.26%* | Yes | UFB Freedom Checking | Instant between Portfolio Savings and Freedom Checking |
| American Express | High Yield Savings | 3.10% | No | American Express Rewards Checking | 1 to 2 business days; 7 pm ET cutoff |
| Ally Bank | Ally Bank Savings Account | 3.00% | No | Ally Spending Account | Not published |
| Capital One | 360 Performance Savings | 3.00% | No | 360 Checking | Incoming ACH generally available the fourth business day |
- Account
- Summit Savings
- APY
- 3.75%*
- ATM card
- Yes
- Checking at same bank
- Axos ONE Checking
- Transfers
- Instant between Axos accounts
- Account
- Online Savings Account
- APY
- 3.50%
- ATM card
- No
- Checking at same bank
- No
- Transfers
- Same day if made by 12 pm ET on a business day
- Account
- UFB Portfolio Savings
- APY
- 3.26%*
- ATM card
- Yes
- Checking at same bank
- UFB Freedom Checking
- Transfers
- Instant between Portfolio Savings and Freedom Checking
- Account
- High Yield Savings
- APY
- 3.10%
- ATM card
- No
- Checking at same bank
- American Express Rewards Checking
- Transfers
- 1 to 2 business days; 7 pm ET cutoff
- Account
- Ally Bank Savings Account
- APY
- 3.00%
- ATM card
- No
- Checking at same bank
- Ally Spending Account
- Transfers
- Not published
- Account
- 360 Performance Savings
- APY
- 3.00%
- ATM card
- No
- Checking at same bank
- 360 Checking
- Transfers
- Incoming ACH generally available the fourth business day
Each bank’s own site, read September 23, 2026. APYs are variable. * A higher rate is available with conditions; see the bank’s section.
Bank by bank
Axos Bank Summit Savings
| Term | What Axos Bank publishes |
|---|---|
| APY | 3.75% as of September 23, 2026 |
| Higher-rate option | Axos ONE Savings pays up to 4.21% on balances to $249,999.99, but only with Axos ONE Checking and at least $1,500 in monthly direct deposits and a $1,500 average daily balance; otherwise 1.00%. |
| Minimum to open | $0 |
| Minimum for the APY | $0 |
| Monthly fee | $0 |
| ATM card | Yes |
| Checking at the same bank | Axos ONE Checking |
| Withdrawal limits | Not published |
| Transfer timing | Instant between Axos accounts |
| FDIC insurance | Axos Bank, Member FDIC |
- What Axos Bank publishes
- 3.75% as of September 23, 2026
- What Axos Bank publishes
- Axos ONE Savings pays up to 4.21% on balances to $249,999.99, but only with Axos ONE Checking and at least $1,500 in monthly direct deposits and a $1,500 average daily balance; otherwise 1.00%.
- What Axos Bank publishes
- $0
- What Axos Bank publishes
- $0
- What Axos Bank publishes
- $0
- What Axos Bank publishes
- Yes
- What Axos Bank publishes
- Axos ONE Checking
- What Axos Bank publishes
- Not published
- What Axos Bank publishes
- Instant between Axos accounts
- What Axos Bank publishes
- Axos Bank, Member FDIC
- •Up to $2.5 million in FDIC coverage through the Axos Insured Deposit Program on Axos ONE Savings
Best for: The highest no-strings rate on this list; or up to 4.21% if you will route a paycheck through Axos ONE Checking. Axos Bank’s account page
Marcus by Goldman Sachs Online Savings Account
| Term | What Marcus by Goldman Sachs publishes |
|---|---|
| APY | 3.50% as of September 23, 2026 |
| Minimum to open | $0 (fund within 60 days) |
| Minimum for the APY | $0 |
| Monthly fee | $0 |
| ATM card | No |
| Checking at the same bank | Not offered |
| Withdrawal limits | No limit on withdrawals or transfers |
| Transfer timing | Same day if made by 12 pm ET on a business day |
| FDIC insurance | Goldman Sachs Bank USA, Member FDIC |
- What Marcus by Goldman Sachs publishes
- 3.50% as of September 23, 2026
- What Marcus by Goldman Sachs publishes
- $0 (fund within 60 days)
- What Marcus by Goldman Sachs publishes
- $0
- What Marcus by Goldman Sachs publishes
- $0
- What Marcus by Goldman Sachs publishes
- No
- What Marcus by Goldman Sachs publishes
- Not offered
- What Marcus by Goldman Sachs publishes
- No limit on withdrawals or transfers
- What Marcus by Goldman Sachs publishes
- Same day if made by 12 pm ET on a business day
- What Marcus by Goldman Sachs publishes
- Goldman Sachs Bank USA, Member FDIC
- •No-Penalty CDs, withdrawable in full starting seven days after funding
- •Maximum balance of $1 million per account
Best for: A simple, fast-moving savings account with nothing to manage. Marcus by Goldman Sachs’s account page
UFB Direct UFB Portfolio Savings
| Term | What UFB Direct publishes |
|---|---|
| APY | 3.26% as of September 23, 2026 |
| Higher-rate option | Up to 3.46% when paired with UFB Freedom Checking and its direct deposit, balance, or debit card activity boosts. |
| Minimum to open | $0 |
| Minimum for the APY | $0 |
| Monthly fee | $0 |
| ATM card | Yes |
| Checking at the same bank | UFB Freedom Checking |
| Withdrawal limits | Not published |
| Transfer timing | Instant between Portfolio Savings and Freedom Checking |
| FDIC insurance | A brand of Axos Bank, Member FDIC; deposits combine with any Axos Bank accounts for FDIC limits |
- What UFB Direct publishes
- 3.26% as of September 23, 2026
- What UFB Direct publishes
- Up to 3.46% when paired with UFB Freedom Checking and its direct deposit, balance, or debit card activity boosts.
- What UFB Direct publishes
- $0
- What UFB Direct publishes
- $0
- What UFB Direct publishes
- $0
- What UFB Direct publishes
- Yes
- What UFB Direct publishes
- UFB Freedom Checking
- What UFB Direct publishes
- Not published
- What UFB Direct publishes
- Instant between Portfolio Savings and Freedom Checking
- What UFB Direct publishes
- A brand of Axos Bank, Member FDIC; deposits combine with any Axos Bank accounts for FDIC limits
- •InsureGuard+ Savings offers expanded FDIC coverage through IntraFi
Best for: An emergency fund you want an ATM card for. UFB Direct’s account page
American Express High Yield Savings
| Term | What American Express publishes |
|---|---|
| APY | 3.10% as of September 23, 2026 |
| Minimum to open | $0 |
| Minimum for the APY | $0 |
| Monthly fee | $0 |
| ATM card | No |
| Checking at the same bank | American Express Rewards Checking |
| Withdrawal limits | Not published |
| Transfer timing | 1 to 2 business days; 7 pm ET cutoff |
| FDIC insurance | American Express National Bank, Member FDIC |
- What American Express publishes
- 3.10% as of September 23, 2026
- What American Express publishes
- $0
- What American Express publishes
- $0
- What American Express publishes
- $0
- What American Express publishes
- No
- What American Express publishes
- American Express Rewards Checking
- What American Express publishes
- Not published
- What American Express publishes
- 1 to 2 business days; 7 pm ET cutoff
- What American Express publishes
- American Express National Bank, Member FDIC
- •24/7 customer support
Best for: Physicians who already manage Amex cards and want one login. American Express’s account page
Ally Bank Ally Bank Savings Account
| Term | What Ally Bank publishes |
|---|---|
| APY | 3.00% as of September 23, 2026 |
| Minimum to open | $0 |
| Minimum for the APY | $0 |
| Monthly fee | $0 |
| ATM card | No (Ally’s money market account has one) |
| Checking at the same bank | Ally Spending Account |
| Withdrawal limits | 10 per statement cycle; no fee, but repeated excess can close the account |
| Transfer timing | Not published |
| FDIC insurance | Ally Bank, Member FDIC |
- What Ally Bank publishes
- 3.00% as of September 23, 2026
- What Ally Bank publishes
- $0
- What Ally Bank publishes
- $0
- What Ally Bank publishes
- $0
- What Ally Bank publishes
- No (Ally’s money market account has one)
- What Ally Bank publishes
- Ally Spending Account
- What Ally Bank publishes
- 10 per statement cycle; no fee, but repeated excess can close the account
- What Ally Bank publishes
- Not published
- What Ally Bank publishes
- Ally Bank, Member FDIC
- •Up to 30 savings buckets in one account
- •Boosters: recurring transfers, round-ups, and Surprise Savings
Best for: Splitting one account into goals: emergency fund, taxes, down payment. Ally Bank’s account page
Capital One 360 Performance Savings
| Term | What Capital One publishes |
|---|---|
| APY | 3.00% as of September 23, 2026 |
| Minimum to open | $0 |
| Minimum for the APY | $0 |
| Monthly fee | $0 |
| ATM card | No |
| Checking at the same bank | 360 Checking |
| Withdrawal limits | Not published |
| Transfer timing | Incoming ACH generally available the fourth business day |
| FDIC insurance | Capital One, N.A., Member FDIC |
- What Capital One publishes
- 3.00% as of September 23, 2026
- What Capital One publishes
- $0
- What Capital One publishes
- $0
- What Capital One publishes
- $0
- What Capital One publishes
- No
- What Capital One publishes
- 360 Checking
- What Capital One publishes
- Not published
- What Capital One publishes
- Incoming ACH generally available the fourth business day
- What Capital One publishes
- Capital One, N.A., Member FDIC
- •Can be opened at a branch or Capital One Café
- •Accounts opened after May 18, 2025 share FDIC coverage with any Discover Bank deposits
Best for: Physicians who want branch or Café access alongside online savings. Capital One’s account page
Which account, for whom
- •You want the best rate with nothing to manage: Axos Bank Summit Savings at 3.75%.
- •You’ll route a paycheck through a new bank: Axos ONE Savings pays up to 4.21% on balances to $249,999.99 with its checking account and $1,500 in monthly direct deposits.
- •An emergency fund you can reach at an ATM: UFB Direct or Axos Summit Savings.
- •Money that has to move fast: Marcus, same day before 12 pm ET, with no withdrawal limit.
- •Several goals at once: Ally’s buckets split one account up to 30 ways.
- •You want a branch: Capital One, which lets you open the account at a branch or Café.
- •Cash with a known date, like next quarter’s taxes: the 3-month Treasury bill yields 4.01% (September 22, 2026), above every account here, and skips state income tax.
A simple cash system for a physician household
- 1.Keep about a month of spending in checking. Move the rest to savings automatically after each payday.
- 2.Give every savings dollar a label: emergency fund, taxes, house, next big purchase. Ally’s buckets do this in one account; elsewhere, open a second account under the same login.
- 3.If you have 1099 income, fund the tax label from every payment. Our tax withholding calculator helps set the share.
- 4.Above $250,000 at one bank, split it across banks or ownership categories, and remember that UFB Direct and Axos count as one bank.
- 5.Check your rate twice a year. Moving money between online banks costs nothing; move when the gap is worth an afternoon on your balance.
Frequently asked questions
Which high-yield savings account pays the most?
Of the six we track, Axos Bank’s Summit Savings pays the most with no conditions: 3.75% APY as of September 23, 2026. Axos ONE Savings advertises up to 4.21%, but only with Axos ONE Checking, at least $1,500 a month in direct deposits, and a $1,500 average balance.
Which accounts come with an ATM card?
Axos Summit Savings and UFB Portfolio Savings both publish an ATM card on the savings account. Marcus, American Express, Ally savings, and Capital One 360 Performance Savings don’t; you move money to a linked checking account first.
Which banks also offer checking?
All but Marcus. Axos has Axos ONE Checking, UFB Direct has Freedom Checking, American Express has Rewards Checking, Ally has its Spending Account, and Capital One has 360 Checking. Marcus offers savings and CDs only.
How fast can I get my money out?
Marcus moves money the same business day if you transfer by 12 pm ET. American Express publishes one to two business days. Axos and UFB Direct move money instantly between their own savings and checking. Ally caps savings withdrawals at 10 per statement cycle.
Should I chase the highest rate?
Usually not for an emergency fund. The six accounts here are within about three-quarters of a point of each other; on $30,000 that is a couple hundred dollars a year before tax. On a large balance with a known date, the bigger question is whether a Treasury bill beats savings altogether, which it currently does.
Is my money safe at an online bank?
Every account here is FDIC insured to $250,000 per depositor, per bank, per ownership category, the same as a branch bank. Watch for brands that share a bank: UFB Direct deposits combine with Axos Bank deposits for that limit.
Sources
- •Axos Bank: Summit Savings
- •Marcus by Goldman Sachs: Online Savings Account
- •UFB Direct: UFB Portfolio Savings
- •American Express: High Yield Savings
- •Ally Bank: Ally Bank Savings Account
- •Capital One: 360 Performance Savings
- •FDIC: national rates (September 2026)
Bank pages read September 23, 2026. Bank logos are from each bank’s own website. How we source every rate: where our rates come from.
This page is for educational purposes and is not financial advice. APYs are each bank’s published rate on the date shown and are variable; the bank’s current rate and account agreement govern. Links go directly to each bank’s site. See our advertising disclosure.
Editorial Credibility
Joshua Dunigan, DO | Family Medicine Physician & Founder
I founded MedMoneyGuide to provide physicians with unbiased, specialty-specific financial guidance. My goal is to add transparency and credibility to your financial journey.