Personal finance experts often recommend that everyone should have money reserved for emergencies like an unexpected car or home repair, medical bills, or job loss. High-yielding bank accounts are perfect for that since they’re investments with little to no risk, and you can cash out the money immediately.

While most bank accounts pay an average of 0.09% APY, these banks below pay anywhere from 1.25 to 2.15% APY. Check out our selection of the top highest-yielding bank accounts for 2020:

1) Simple Protected Goals Account

With Simple, you can earn up to 2.15% APY; but, you will need to have at least $2,000 in the account; otherwise, you’ll only get 0.01% APY. You can withdraw your money on one of the free 40,000 ATMs nationwide. Since this is a checking account, that means you don’t have a limit on how many withdrawals you can make monthly. Their app makes saving simpler since you can create a digital envelope system to help you accomplish your financial goals. The FDIC insures this account on up to $250,000 per depositor.

2) Connexus Credit Union Xtraordinary Checking

Connexus Credit Union offers a rate of up to 1.75% APY on its Xtraordinary Checking account, but you will have to meet some requirements to get this rate, like 15 debit card purchases or $400 in debit spending and e-statements. There are no monthly fees to maintain the account, and you can withdraw your money on one of the 4,000 free ATMs available throughout the country.

3) First Tech Federal Credit Union Dividend Rewards Checking

First Tech was recognized as one of the best banks in the states of Oregon and California, and a pioneer in mobile banking. This bank offers up to 2% APY on balances (terms apply). You can also use one of the 30,000 ATMs to withdraw money for free and go to one of the over 5,000 branches. There are no monthly fees, and they don’t require a minimum deposit to open a checking account.

4) Axos Bank Rewards Checking

Axos has a 1.25% APY rate for its Rewards Checking account holders, which is still above the national average. For that rate, you’ll have to meet certain requirements, such as receiving monthly direct deposits of $1,000 or more, using your debit card 15 times per month. They don’t charge monthly fees to maintain an account, or other charges like overdrafts, and non-sufficient funds fees.

5) Capital One Savings Account

Capital One Online Savings Account has an APY of 1.70% APY. You won’t have to pay any fees to open and maintain your money there. This account is also insured on up to 150,000 dollars by the FDIC. You can deposit checks online using their app. However, if you want to withdraw the money, you can’t do that in an ATM unless you transfer it to a checking account.

6) HSBC Bank Direct Savings Account

With HSBC, you will earn a total of 2.05% APY on your Direct Savings Account. Their minimum opening deposit is pretty low – only one dollar. Since it’s an online account, you won’t have to pay any monthly maintenance fees. Keep in mind that it doesn’t come with a debit card; therefore, you will have to transfer it to another account to withdraw the money.

7) Vio Bank Savings Account

Vio Bank will pay you a 2.02% APY rate for your money on your savings account, no matter what balance you keep there. To open a new account, you will only need a minimum deposit of 100 dollars. Be aware that there is a $5 dormant account fee, and the $10 fee per transaction after six each month, which are easily avoidable.