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Best Savings Account for Large Deposits 2026

Updated April 2026

Standard FDIC insurance covers $250,000. If you have more than that, you need accounts with extended FDIC coverage through partner bank networks.

🏆 Top Pick

Wealthfront

4.25% APY

FDIC coverage up to $8 million. Wealthfront spreads deposits across partner banks, extending FDIC protection to $8M. The highest coverage available for large deposits. Plus seamless access to investment accounts.

$8M FDIC coverage4.25% APYInvesting built inNo fees$0 minimum
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🥈 Runner Up

SoFi

4.50% APY

$2M FDIC coverage with highest APY. FDIC insured up to $2 million through partner banks. The 4.50% rate (with direct deposit) means large deposits earn significantly more. $300 welcome bonus.

$2M FDIC coverage4.50% APY$300 bonusNo feesDirect deposit required
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💡 Also Great

Marcus

4.40% APY

Standard $250K FDIC but maximum trust. If your deposits are under $250K, Marcus offers the highest APY from the most trusted brand. Goldman Sachs backing provides institutional-grade security.

$250K FDIC4.40% APYGoldman SachsNo feesHighest trust
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