Before you ever deal with any bank of any kind, online or in person, be sure to double check that they have FDIC insurance (lookup) and that they’re a legitimate bank. That being said, all of the banks on this list are legitimate, have FDIC insurance, and have been in the business of banking for a few years. These aren’t no-names but their names may not be familiar to you (if you read a lot of personal finance, all of these names will be recognizable) and they’re all banks that I’ve dealt with personally or talked extensively with someone who has dealt with them personally. (oddly enough, these high yield savings accounts tend to pepper the lower end of the best CD rates)

One thing you always need to be aware of when dealing with high yield savings accounts is whether or not the bank has any hidden fees or gotchas. The ones on this list don’t, but there are some banks out there that will offer you a high interest rate because they know they can sneak a few fees in there on the back end to make up for it. Always keep an eye out for those sorts of games, especially when there are so many banks out there vying for your business.