If you have some cash you don’t need right now and don’t want to keep chasing bank account-opening bonuses, the simplest option is to put it in an account with a relatively high ongoing rate and let it earn interest. Savings APYs at many traditional big banks are now only around 3%, but there are still plenty of high-yield savings accounts paying 4% or more. Platforms like X Money, Robinhood, Moomoo, and Webull also offer ways to earn interest on idle cash, with some rates even higher than traditional HYSAs. Here’s a summary:

Account Current ongoing rate Main requirements Fees
X Money Up to 6.00% APY $1,000 qualifying DD or an eligible paid subscription $0 (with qualifying DD)
Pibank Savings 4.40% APY No minimum balance; withdrawals by wire only $0
Elevault 4.34% APY Few, if any, requirements $0
Axos ONE Savings Up to 4.21% APY Must be paired with a Checking account to meet deposit requirements $0
Newtek Bank 4.20% APY $100 to open $0
Bread Savings 4.05% APY $100 to open $0
Live Oak Bank 4.00% APY No minimum balance $0
Openbank 4.00% APY $500 to open $0
CIT Platinum Savings 3.75% APY Balance of at least $5,000 $0
Robinhood Gold 3.60% APY Gold membership $50/year
Webull Cash Management 3.60% APY Higher rate with Premium Premium: $40/year
Moomoo Cash Sweep Up to about 3.35% APY Moomoo membership $0.99–$3.99/month (some users may qualify for a waiver)

X Money: Up to 6% APY

The biggest draw of X Money right now is its rate of up to 6.00% APY. Most users earn 4.00% APY. If they receive at least $1,000 in total qualifying deposits within the previous 34 days, the rate increases to 6.00%. Eligible Premium, Super, Ultra, and legacy Premium+ subscribers can earn 6% without meeting this deposit requirement. Free accounts can also earn 6% with a qualifying DD, so you don’t need to pay for a subscription just to get the higher rate. Qualifying deposits mainly include eligible payroll direct deposits and some X Creator earnings; a regular $1,000 ACH transfer from another bank generally doesn’t count. Based on reports from users, some have used LemFi, brokerage, or bank ACH transfers as “fake DD” to get 6% APY. For details, see:

X Payments LLC is not a bank. Funds are held at Cross River Bank and other FDIC-insured institutions. Once eligible, customers can receive up to $10M in aggregate FDIC coverage through the sweep program. New York residents currently cannot earn interest with X Money. Overall, if you’re comfortable with a financial account tied to a social media platform, X Money is one of the most compelling options right now for holding cash long term.

Pibank Savings: 4.40% APY

Pibank Savings currently offers a 4.40% APY, with no monthly fee or minimum balance. It earns interest at the current rate starting with a balance of $0.01, and deposits are FDIC-insured. You don’t need payroll DD or to complete monthly tasks to earn this rate. However, there’s one significant limitation: regular ACH transfers aren’t supported. You can deposit only through Plaid or by wire, and withdrawals are by wire only. Pibank doesn’t charge wire fees, but the receiving bank may. This account is therefore better suited to money you plan to keep parked for a while than to frequent transfers in and out.

Elevault: 4.34% APY

If you don’t want to set up direct deposit or pay a membership fee, Elevault is one of the simplest options available. It currently pays 4.34% APY, with no monthly fee or minimum deposit. Interest is paid daily, and balances up to $500,000 earn interest. Elevault looks like a fintech app, but its underlying banking services are provided by Southern Bancorp, and deposits are FDIC-insured.

Keep in mind that deposits initiated within the Elevault App are currently limited to $2,500 per day, which can make it cumbersome to move a large amount in gradually through the app. However, you can initiate a transfer from an external bank using Elevault’s ACH routing number and account number. If you’re looking strictly for a high ongoing rate with no requirements, this is a strong option: the 4.34% APY doesn’t require DD, a membership fee, or complicated balance requirements.

CIT Platinum Savings: 4.25% APY

CIT Bank’s Platinum Savings currently has a standard ongoing rate of 3.75% APY, but you need a balance of at least $5,000 to earn it. Below $5,000, the current APY is just 0.25%. You can open the account with as little as $100, and there’s no monthly maintenance fee, so the main threshold to watch is the $5,000 balance requirement. CIT has often been among the leading high-yield savings accounts and frequently offers temporary APY boosts; existing customers may also be able to activate extra interest by calling. The bank also occasionally offers account-opening bonuses, which can be combined with the high rate when available. Right now, there’s an additional 0.50% APY boost for six months. New customers must enter promo code BOOST50, and eligible existing customers can also participate, bringing the total to as much as 4.25% APY when combined with the current standard rate.

Axos ONE Savings: Up to 4.21% APY

Axos ONE Savings currently offers up to 4.21% APY on balances up to $249,999.99. Any amount over $250,000 currently earns 3.50%. However, the high rate isn’t available without meeting requirements. You must also use Axos ONE Checking and meet one of these sets of requirements: receive at least $1,500 in Qualifying Direct Deposit each month and maintain an average daily Checking balance of at least $1,500; or receive at least $5,000 in Qualifying Deposit each month and maintain an average daily Checking balance of at least $5,000. If you don’t meet the requirements, the standard Savings rate is currently just 1.00%.

Axos is therefore a better fit for people who are already willing to direct their paycheck or everyday cash flow there. Its 4.21% rate is solid, but it’s only 0.01% higher than Newtek’s 4.20%. If your only goal is saving, I don’t think earning that extra 0.01% is worth taking on a separate set of Checking requirements. But if you were already planning to use Axos ONE, the rate is very good. Axos also has its own Insured Deposit Program, which can provide up to $2.5M in additional FDIC coverage for large balances.

Newtek Bank: 4.20% APY

Newtek Bank’s Personal High Yield Savings currently requires a $100 minimum to open. There’s no monthly fee, and no Direct Deposit, debit-card activity, or additional membership is required. Newtek Bank N.A. is itself an FDIC Member Bank, making this a straightforward high-yield Savings Account.

Live Oak Bank: 4.00% APY

Live Oak Bank’s Personal Savings currently earns 4.00% APY, with no monthly maintenance fee or minimum balance requirement. Deposits are insured by the FDIC through Live Oak Bank. Its rate is now slightly below Elevault, Newtek, and Pibank, but 4% is still a good rate for money you plan to leave deposited long term. Live Oak occasionally offers a $300 account-opening bonus that can be combined with the 4% rate, so if you’re not in a hurry, you could wait for an offer.

Bread Savings: 4.05% APY

Bread Savings’ High Yield Savings currently earns 4.05% APY. The minimum to open an account is $100, there are no hidden fees, and interest accrues daily and compounds. Deposits are FDIC-insured. The account is also simple to use, with no paycheck Direct Deposit, debit-card activity, or membership requirements. Bread supports ACH transfers of about $1M inbound / $100k outbound, which can be convenient for moving large sums.

Openbank: 4.00% APY, backed by Santander

Openbank is a digital bank owned by Santander Bank. Its High Yield Savings account currently earns 4.00% APY, requires a $500 minimum to open, and has no monthly fee. Compared with the smaller online banks listed above, one advantage is that it’s backed by Santander. However, deposits at Openbank and Santander Bank are combined when calculating FDIC insurance limits; the two brands don’t each provide a separate $250,000 of coverage.

If a bank’s size and brand matter to you, this account is worth considering. It also has a limited-time promotion that adds 0.35% interest for the first six months, bringing the rate to 4.35%, which is quite competitive.

Robinhood Gold: 3.60% APY

Eligible uninvested cash in Robinhood Gold currently earns 3.60% APY. Robinhood itself isn’t a bank. Eligible cash can receive FDIC coverage through its Cash Sweep Program when placed with partner banks. However, the first $10,000 of eligible uninvested cash is generally held in the brokerage’s Brokerage-Held Cash Program, which is covered by SIPC rather than the FDIC. This high-yield feature also requires Robinhood Gold, which currently costs $5 per month, so include the membership fee in your calculations if you’re subscribing just to earn interest.

For example, a $10,000 balance earning 3.60% APY would generate about $360 in interest over a year. After subtracting $60 in monthly membership fees, you’d be left with about $300—less than you could earn by putting the money in a free HYSA paying 4% or more. I don’t recommend subscribing to Gold solely for the high yield. But if you already pay for Gold to get the Robinhood Gold Card, IRA Match, Margin, or other benefits, earning 3.6% on uninvested cash in your brokerage account is a convenient extra perk.

Moomoo Cash Sweep: 3.35% APY

Moomoo also offers a Cash Sweep Program, which automatically sweeps uninvested cash in your brokerage account to partner banks to earn interest. The highest base rate currently available to eligible customers is about 3.35% APY. However, this isn’t quite like a standard HYSA: not every existing account gets this rate unconditionally or indefinitely. New users and accounts that meet specified deposit, transfer, or referral requirements may qualify for higher rates. Accounts that don’t qualify may earn a very low rate, so check the rate shown in your own account. Moomoo Engine membership generally costs $3.99 per month, but the fee drops to $0.99 per month once account assets reach $1,000. Some eligible existing users may also get membership for free.

Moomoo’s main advantage is convenience. If you already trade stocks there, you don’t have to transfer cash to another bank after selling investments and before putting the money back to work. Cash in the Cash Sweep Program can earn interest and remain available for trading. Once the funds are placed with a Program Bank, they may receive FDIC pass-through coverage according to each bank’s rules. Moomoo also has attractive account-opening promotions, with rewards of up to 8.1% APY and $1,000+ in stock. If you’re interested in opening a new account, its offer may be a better deal.

Webull Cash Management

Webull also offers Cash Management, which automatically earns 3.6% APY on eligible uninvested cash (available with Premium), with up to several million dollars in FDIC Sweep coverage through partner banks. Webull Premium currently costs $3.99/month or $40/year. The idea is similar to Robinhood and Moomoo: if you already trade on Webull, leaving your idle cash there to earn interest is convenient. But if you don’t invest and just want a place to keep cash long term, there’s no need to pay for Premium solely for Cash Management; a free 4%+ HYSA is simpler.

One advantage is that Webull often has account-opening promotions. The current offer gives you 12 fractional shares, plus 5% APY for the first 30 days on up to $10k.

Other options

Besides bank savings accounts and Cash Sweep, if your money is already in a brokerage account, you could also consider SGOV or buying short-term U.S. Treasury securities directly. SGOV is the iShares 0-3 Month Treasury Bond ETF, which primarily holds U.S. Treasury Bills with maturities of 0–3 months. As of October 20, 2026, its 30-Day SEC Yield is 3.75%, and its expense ratio is only 0.09%. Its price usually fluctuates very little, so it is often used as a cash-management tool in brokerage accounts.

The biggest difference between SGOV and the high-yield accounts discussed above is that it is not a bank deposit and is not FDIC-insured; it is an ETF that primarily holds short-term U.S. Treasury securities. When you need the money, you can’t simply withdraw it from a bank—you have to sell the ETF during market hours, then wait for the securities to settle and for the funds to transfer. So if the cash may be needed at any time for credit card bills, rent, or emergencies, I still prefer a HYSA. If the money is already sitting in a brokerage account and is earmarked for future stock purchases, SGOV can be a good fit.

Another option is to buy Treasury Bills directly. The U.S. Treasury regularly issues T-Bills with various maturities, including 4, 8, 13, 26, and 52 weeks. You can buy them through a brokerage or participate in auctions directly through TreasuryDirect. T-Bills are generally purchased at a discount and redeemed at face value at maturity; the difference is the interest. Treasuries also have an important tax advantage: Treasury interest is subject to federal income tax but exempt from state and local income taxes. So if you live in a high-tax state such as California or New York, Treasuries could have a higher after-tax return even if their stated yield is slightly lower than a HYSA’s. Most of SGOV’s income also comes from U.S. Treasuries, but the percentage that qualifies for state tax exemption varies by year and must be calculated using the data published by the fund company. Don’t assume that 100% of its distributions are exempt from state taxes.

Of course, if you’re interested in investing and can tolerate some risk, you could also consider other ETFs.

Conclusion

To sum up, if you can reliably meet the Direct Deposit requirement, X Money’s 6% APY would be my first choice. If you don’t want to complete any requirements, free 4%+ HYSAs such as Elevault and Newtek are the easiest options. Pibank’s 4.40% rate is higher, but you have to be comfortable withdrawing funds only by wire. If you already invest with Robinhood, Moomoo, or Webull, the brokerage’s Cash Sweep is also perfectly usable; there’s no need to move money around repeatedly for a fraction of a percentage point. If your money is already in a brokerage account and you don’t expect to use it for bills in the short term, you can compare SGOV and T-Bills, especially if you live in a high-tax state.

One final reminder: APYs on these accounts are generally variable. There’s no need to move money around every day for a 0.05%–0.1% difference, but if your account’s rate has been 1% or more below the market average for a while, it’s probably time to move. This article will also be updated as rates change.

Personally, I don’t recommend simply leaving money in these accounts long term just to earn interest. Money has to be put to work to make more money. Take a look at our series of articles below. Combining account-opening bonuses can significantly boost your effective return, and it’s easy to reach 10% APY in a year by moving money from one offer to another.

Bonus roundup

The accounts below all have very solid sign-up bonuses. Pick the ones you like and earn some extra cash. Over time, those small amounts add up, and in a year you can earn a good amount of money and travel funds from these financial accounts.

If you have some cash you don’t need right now and don’t want to keep chasing bank account-opening bonuses, the simplest approach is to put it in an account with a relatively high ongoing rate and earn interest. Savings APYs at many traditional big banks are now only around 3%, but there are still plenty of high-yield savings accounts paying 4%+. In addition, platforms such as X Money, Robinhood, Moomoo, and Webull offer ways to earn higher interest on idle cash, with some rates even exceeding those of traditional HYSAs.

This article compares only ongoing rates that can be maintained over the long term. It does not consider account-opening bonuses or temporary rate boosts. However, “long term” does not mean the rate is locked in permanently: APYs on savings accounts and Cash Sweep programs are generally variable and will continue to change with market rates. In short, if you want an account for holding money long term without completing any requirements, I’d look first at Elevault, Newtek, and Pibank. If you can reliably meet the Direct Deposit requirement, X Money’s current maximum 6% APY is in a clearly higher tier. Robinhood, Moomoo, and Webull are better suited to people who already invest on those platforms, since they can earn interest on their brokerage cash without moving it around.

Account Current ongoing rate Main requirements Fees Deposit protection
X Money Up to 6.00% APY $1,000 qualifying DD, or Premium+ $84-$395/year FDIC Sweep, up to $10M
Elevault 4.34% APY Basically no requirements $0 FDIC
Axos ONE Savings Up to 4.21% APY Must pair with Checking to meet deposit requirements $0 FDIC
Newtek Bank 4.20% APY $100 to open $0 FDIC
Pibank Savings 4.10% APY No minimum balance $0 FDIC
Live Oak Bank 4.00% APY No minimum balance $0 FDIC
Bread Savings 3.95% APY $100 to open $0 FDIC
Openbank 3.80% APY $500 to open $0 FDIC
CIT Platinum Savings 3.75% APY Balance of at least $5,000 $0 FDIC
Robinhood Gold 3.60% APY Gold membership $50/year FDIC Cash Sweep
Moomoo Cash Sweep Up to about 3.60% APY Moomoo membership $0.99/month FDIC Cash Sweep
Webull Cash Management 3.60% APY Higher rate with Premium Premium $40/year FDIC Cash Sweep

X Money: Up to 6% APY

The most appealing feature of X Money right now is its top rate of 6.00% APY. Regular users can earn 4.00% APY, increasing to 6.00% if they receive at least $1,000 in total Qualifying Deposits within the previous 34 days. Premium+ members can earn 6% without meeting this deposit requirement. Qualifying Deposits mainly include eligible payroll Direct Deposits and some X Creator earnings; a standard $1,000 ACH transfer from another bank generally does not count. Based on user reports, people have used LemFi, brokerages, and bank ACH transfers as fake direct deposits to qualify for 6% APY. See the guide below for details:

X Payments LLC is not a bank. Funds are held by Cross River Bank and other FDIC-insured institutions. Eligible customers can receive up to $10M in aggregate FDIC coverage through the Sweep program. New York residents are currently not eligible to earn interest on X Money. Overall, if you don’t mind having a financial account connected to a social media platform, X Money is currently one of the more compelling options for holding cash long term.

Elevault: 4.34% APY

If you don’t want to set up Direct Deposit or pay a membership fee, Elevault is currently one of the simplest options. It currently offers 4.34% APY, with no monthly fee or minimum deposit. Interest is paid daily, and the rate applies to balances up to $500,000. Elevault looks like a Fintech App, but its underlying banking services are provided by Southern Bancorp, and deposits are FDIC-insured.

One thing to note: deposits initiated from within the Elevault App are currently limited to $2,500 per day, so moving a large sum in gradually through the app can be cumbersome. However, you can initiate a transfer from an external bank using the ACH routing number and account number. If you’re looking for a high rate with no ongoing requirements, this is a strong option: 4.34% without DD, a membership fee, or complicated balance requirements.

Axos ONE Savings: Up to 4.21% APY

Axos ONE Savings currently offers up to 4.21% APY on balances up to $249,999.99; the portion over $250,000 currently earns 3.50%. However, this rate is conditional on also using Axos ONE Checking. You can qualify either by receiving at least $1,500 in Qualifying Direct Deposits each month and maintaining an average daily Checking balance of at least $1,500, or by receiving at least $5,000 in Qualifying Deposits each month and maintaining an average daily Checking balance of at least $5,000. If you don’t meet the requirements, the standard Savings rate is currently just 1.00%.

Axos is therefore a better fit for people who are already willing to direct their paycheck or everyday cash flow there. Although 4.21% is a solid rate, it’s only 0.01% higher than Newtek’s 4.20%. If you’re opening an account solely to save, I don’t think the extra Checking requirements are worth the difference. But if you already plan to use Axos ONE, the rate is quite good. Axos also has its own Insured Deposit Program, which can provide up to $2.5M in additional FDIC coverage for large balances.

Newtek Bank: 4.20% APY

Newtek Bank’s Personal High Yield Savings currently offers 4.20% APY. The minimum to open an account is $100. There is no monthly fee, Direct Deposit requirement, debit-card usage requirement, or additional membership requirement. Newtek Bank N.A. is itself an FDIC Member Bank, making this a straightforward high-yield Savings Account.

Pibank Savings: 4.10% APY

Pibank Savings currently offers 4.10% APY, with no monthly fee or minimum balance requirement. Balances earn the current rate starting at $0.01, and deposits are FDIC-insured. Like Newtek, it has a straightforward structure: there’s no payroll DD requirement or monthly task to complete.

Live Oak Bank: 4.00% APY

Live Oak Bank’s Personal Savings currently offers 4.00% APY, with no monthly maintenance fee or minimum balance requirement. Deposits are FDIC-insured through Live Oak Bank. Its rate is now slightly lower than Elevault, Newtek, and Pibank, but 4% is still a solid rate for holding money long term.

One of Live Oak’s biggest advantages is its current $300 new-account bonus, which you can earn in addition to the 4% APY. If you already have a Live Oak account, I don’t think there’s any need to move your money just to earn 0.1%–0.3% more. But if you’re opening a high-yield account from scratch, the options listed above currently have an edge.

Bread Savings: 3.95% APY

Bread Savings’ High Yield Savings currently offers 3.95% APY. The minimum to open an account is $100. There are no hidden fees, interest accrues and compounds daily, and deposits are FDIC-insured. The account is also straightforward, with no payroll DD, debit-card usage, or membership requirements. Bread supports ACH transfers of approximately $1M inbound / $100k outbound, making it convenient for moving large sums.

Openbank: 3.80% APY, part of Santander

Openbank is a digital bank owned by Santander Bank. Its High Yield Savings account currently offers 3.80% APY, with a $500 minimum opening deposit and no monthly fee. Compared with the smaller online banks listed above, its advantage is that it’s backed directly by Santander. However, deposits at Openbank and Santander Bank are combined when calculating FDIC coverage; the two brands do not each provide a separate $250,000 of coverage.

If a bank’s size and brand are important to you, this account may be worth considering. There’s also a limited-time offer that adds 0.35% interest for the first six months, bringing the rate to 4.15%, which is quite competitive.

CIT Platinum Savings: 3.75% APY

CIT Bank’s Platinum Savings currently offers a standard ongoing rate of 3.75% APY, but you need to maintain a balance of at least $5,000. If your balance falls below $5,000, the current APY is just 0.25%. The account requires a $100 minimum deposit to open and has no monthly maintenance fee, so the main threshold to watch is the $5,000 balance requirement for the higher rate.

CIT used to be a frequent top-tier contender among high-yield savings accounts and often offered temporary APY boosts. Existing customers could also call to activate additional interest. CIT occasionally offers account-opening bonuses, which you can combine with the high rate when available. The current offer gives new accounts an extra 0.35% interest for six months, bringing the total to 4.1%.

Robinhood Gold: 3.60% APY

Eligible uninvested cash in Robinhood Gold currently earns 3.60% APY. Robinhood itself is not a bank; eligible cash can be placed with partner banks through the Cash Sweep Program for FDIC coverage. However, this high-yield feature requires Robinhood Gold, which currently costs $5 per month. If you subscribe to Gold solely to earn interest, be sure to factor in the membership fee.

For example, $10,000 at 3.60% APY would earn about $360 in interest over a year. After subtracting $60 in monthly membership fees, you would be left with about $300—less than you could earn by putting the money in a free savings account paying 4%+ APY. So I don’t recommend subscribing to Gold solely for the higher rate. But if you already use Gold for the Robinhood Gold Card, IRA Match, margin, or other benefits, you’re paying the membership fee anyway, and earning 3.6% on uninvested brokerage cash is a convenient perk.

Moomoo Cash Sweep: 3.6% APY

Moomoo also offers a Cash Sweep Program, which automatically sweeps uninvested cash in your brokerage account to partner banks to earn interest. The current base rate for eligible accounts is up to about 3.60% APY. However, it differs from a typical HYSA: not all existing accounts are guaranteed this rate indefinitely. New users and accounts that meet specified deposit, transfer, or referral requirements may qualify for a higher rate, while accounts that don’t qualify may earn a very low rate. Check the rate shown in your own account for the current details.

Moomoo’s main advantage is convenience. If you already trade stocks there, you don’t need to transfer uninvested cash elsewhere after selling. It can earn interest through Cash Sweep and remain available for trading. Once funds are deposited with a Program Bank, they may receive FDIC pass-through coverage, subject to each bank’s rules. Moomoo also has attractive account-opening offers, currently up to 8.1% APY and $1,000+ in stock rewards. If you’re considering opening a new account, the offer may make Moomoo a better choice.

Webull Cash Management

Webull also offers Cash Management. Eligible uninvested cash can automatically earn 3.6% APY (Premium only), with up to several million dollars in FDIC sweep coverage through partner banks. Webull Premium currently costs $3.99 per month or $40 per year. The idea is similar to Robinhood and Moomoo: if you already trade on Webull, leaving idle cash there to earn interest is convenient. But if you don’t invest and are simply looking for a place to keep cash long term, there’s no need to pay for Premium just for Cash Management; a free HYSA paying 4%+ is simpler.

Webull’s advantage is that it often has account-opening promotions. Its current offer includes 12 fractional shares and 5% APY for the first 30 days on balances up to $10,000.

Other Options

Besides bank savings accounts and cash sweep programs, if your money is already in a brokerage account, you could also consider SGOV or buying short-term U.S. Treasury securities directly. SGOV is the iShares 0-3 Month Treasury Bond ETF, which primarily holds U.S. Treasury bills with maturities of 0–3 months. As of September 21, 2026, its 30-Day SEC Yield was 3.65%. Its expense ratio is just 0.09%, and its price typically fluctuates very little, so it’s often used as a cash-management tool in brokerage accounts.

The main difference between SGOV and the high-yield accounts above is that it isn’t a bank deposit and isn’t FDIC-insured; it’s an ETF that primarily holds short-term U.S. Treasuries. To access your money, you can’t simply make a bank withdrawal—you have to sell the ETF during market hours, then wait for the securities transaction to settle and for the funds to transfer. So for cash you may need at any time to pay a credit card bill, rent, or an emergency expense, I still prefer a HYSA. SGOV is a good fit for money that’s already sitting in a brokerage account and waiting to be invested in stocks later.

Another option is to buy Treasury bills directly. The U.S. Treasury regularly issues T-bills with maturities of 4, 8, 13, 26, and 52 weeks. You can buy them through a brokerage or participate in auctions directly through TreasuryDirect. T-bills are generally purchased at a discount and redeemed at face value at maturity; the difference is the interest. Treasuries also have an important tax advantage: Treasury interest is subject to federal income tax but exempt from state and local income taxes. So if you live in a state with high taxes, such as California or New York, the after-tax return on Treasuries may be higher even if their stated yield is slightly lower than a HYSA’s. Most of SGOV’s income also comes from U.S. Treasuries, but the proportion that qualifies for state-tax exemption varies each year. Check the fund company’s published data rather than assuming that all distributions are 100% exempt from state taxes.

Of course, if you’re interested in investing and can tolerate some risk, you could also consider other ETFs.

Summary

Overall, if you can reliably meet the Direct Deposit requirement, I’d look first at X Money 6% APY. If you don’t want to complete any tasks, a no-fee 4%+ HYSA from providers like Elevault, Newtek, or Pibank is the simplest option. If you already invest with Robinhood, Moomoo, or Webull, the brokerage’s Cash Sweep is also perfectly usable; there’s no need to move your money around constantly for a fraction of a percentage point in yield. If your funds are already in a brokerage account and you won’t need them for near-term expenses, you could also compare SGOV and T-Bills, especially if you live in a state with high income taxes.

One final reminder: APYs on these accounts are generally variable. There’s no need to move your money every day for a 0.05%–0.1% difference, but if your account’s rate has been 1% or more below the market average for a long time, it’s probably time to move your money. This article will also be updated as rates change.

Personally, I don’t recommend leaving money in these accounts long term just to earn interest. Your money has to stay in motion to grow. Check out our series of articles below. Combining these accounts with account-opening bonuses can significantly boost your effective returns, and it’s easy to move money between accounts and earn 10% APY a year.

Bonus Roundup

The accounts below all have very solid sign-up bonuses. Pick the ones you like and earn some extra cash. Over time, those small amounts add up, and in a year you can earn a good amount of money and travel funds from these financial accounts.