VaultRubric
Best savings account with no minimum
Only accounts whose official pages show a $0 minimum balance to earn the APY (and no required opening deposit we could find). Scored on standard APY, fees, insurance and regulatory record.
Rates change often — verify on the bank's or broker's site before opening an account. Every value shows its as-of date; ⚑ marks figures from third-party sites. Not financial advice.
Too close to call: EverBank and LendingClub (now Happen Bank) (within 0.5 points).
Weights: APY (standard rate) 20%, Minimum to earn APY 20%, Fees 20%, Deposit insurance 20%, Regulatory record 20%
| # | Account | Score | APY | Notes |
|---|---|---|---|---|
| 1 | EverBank | 98.0% cov 100% | 4.2% src · 2026-10-10 | |
| 2 | LendingClub (now Happen Bank) | 97.5% cov 80% | 4.2% src · 2026-10-10 | |
| 3 | Bask Bank | 96.6% cov 100% | 3.9% src · 2026-10-10 | |
| 4 | Barclays | 95.4% cov 100% | up to 3.65% (Tiered Savings)% src · 2026-10-07 | |
| 5 | Synchrony | 95.0% cov 100% | 3.55% ⚑ third-party source src · 2026-10-10 | |
| 6 | SoFi | 93.8% cov 100% | 3.3% src · 2026-10-10 | |
| 7 | UFB Direct | 93.6% cov 100% | 3.26% src · 2026-10-10 | |
| 8 | Ally | 92.8% cov 100% | 3.1% src · 2026-10-10 | |
| 9 | American Express HYSA | 92.8% cov 100% | 3.1% src · 2026-10-10 | |
| 10 | Capital One 360 Performance Savings | 90.8% cov 100% | 3.1% src · 2026-10-10 | Regulatory: CFPB: CFPB sued over 360 Savings vs 360 Performance Savings rates; voluntarily dismissed with prejudice 2025-02-27; Regulatory: Court (class action): $425M class settlement final approval; appeal pending (4th |
| 11 | Marcus by Goldman Sachs | 90.6% cov 100% | 3.5% src · 2026-10-10 | Regulatory: CFPB: Goldman Sachs Bank USA consent order (Apple Card): $45M penalty + ≥$19.8M redress; order terminated 2025-09-22 |
| 12 | Citizens Access | 89.4% cov 100% | 2.8% ⚑ third-party source src · 2026-10-10 | Regulatory: CFPB: Citizens Bank $9M penalty for unlawful credit card servicing |
| 13 | Varo | 82.8% cov 100% | 1.0% src · 2026-10-10 |
Top 3 compared
| Fact | EverBank | LendingClub (now Happen Bank) | Bask Bank |
|---|---|---|---|
| APY (standard) | 4.2% src · 2026-10-10 | 4.2% src · 2026-10-10 | 3.9% src · 2026-10-10 |
| APY conditions | not found | $250+ monthly deposits for LevelUp rate src · 2026-10-10 | not found |
| Promo (not scored) | not found | not found | apy: 4.30% (0.40% boost) with checking bundle, up to 6 months, + up to $300 src · 2026-10-10 |
| Minimum to earn APY | $0 src · 2026-10-10 | $0 src · 2026-10-10 | $0 src · 2026-10-10 |
| Monthly fee | $0 src · 2026-10-10 | not found | $0 src · 2026-10-10 |
| Deposit insurance | Up to $250,000 src · 2026-10-10 FDIC-insured (EverBank, N.A.) | Up to $250,000 src · 2026-10-10 FDIC; Happen Bank, N.A. (formerly LendingClub Bank) | Up to $250,000 src · 2026-10-10 FDIC; Bask Bank is a division of Texas Capital Bank (combined coverage) |
| FDIC cert | 34775 (EverBank, National Association) src · 2026-10-10 | 32551 (Happen Bank, National Association) src · 2026-10-10 | 34383 (Texas Capital Bank) src · 2026-10-10 |
| Regulatory actions (5 yrs) | none found in last 5 yrs src · 2026-10-10 | none found in last 5 yrs src · 2026-10-10 | none found in last 5 yrs src · 2026-10-10 |
Opens the tool with these platforms filled in, so you can change the weights.
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- Marcus vs SoFi
FAQ
What is the best savings account with no minimum?
Too close to call between EverBank and LendingClub (now Happen Bank). Your answer depends on your priorities; adjust the weights in the tool.
How does VaultRubric score these?
Only from our curated dataset (official pages, regulators, and flagged third-party sites), with fixed formulas shown in “Show math”. No AI or live scraping, so the same comparison always gives the same result. Not financial advice.