Nelnet Bank is offering 4.71% APY when you open a High Yield Savings account powered by Raisin – available nationwide.
Update 10/4/24: The rate has been reduced to 4.71% APY from 4.76% APY.
About Nelnet Bank High Yield Savings
Nelnet Bank (Member FDIC and Equal Housing Lender) was founded to help families achieve their dreams with financial knowledge and access to education. Nelnet Bank started by delivering funding options to students and families—but they’re graduated to do much more.
Today, their list of products includes private student loans, student loan refinance, home improvement loans, business CDs, and business high-yield savings accounts—and they’re just getting started.
Nelnet Bank High Yield Savings Rate
To easily earn Nelnet Bank’s competitive rate, start by opening a High Yield Savings account.
- Eligible account: High Yield Savings
- Credit inquiry: Soft Pull or Hard Pull?
- Where it’s available: Nationwide
- Opening Deposit: $1
- Monthly fee: None
- Early Termination Fee: Not listed
(FDIC Insured)
| PROMOTIONAL LINK | OFFER | REVIEW |
| SoFi Checking and Savings Account | 3.30% APY + $325 Bonus | Review |
| Always.Bank Savings | 4.00% APY | Review |
| Valley Direct Online Savings | 4.00% APY | Review |
| Valley Bank High Yield Savings | 3.96% APY + $1200 Bonus | Review |
| Centier Bank High Yield Savings | 3.90% APY + $1200 Bonus | Review |
| American First Credit Union Money Market | 3.90% APY + $1200 Bonus | Review |
| Western Alliance Bank High-Yield Savings | 3.80% APY + $1200 Bonus | Review |
| Live Oak Bank Savings | 3.80% APY | Review |
| CIT Bank Platinum Savings | 3.75% APY | Review |
| CIT Bank Savings Connect | 3.65% APY | Review |
| Quontic Bank High Yield Savings | 3.50% APY | Review |
| Robinhood Gold | 3.25% APY | Review |
| Betterment Cash Reserve | 3.25% APY | Review |
| Upgrade Premier Savings | 3.05% APY | Review |
How to Earn Rate
- Open a new account with a minimum opening deposit of $1.
- Fill out your personal information – Provide your name, address, phone, email and social security number or Tax ID.
- Fund the account/transfer funds – Transfer funds electronically from an internal account here or an external account at another bank.
- Start earning interest from Day 1 of your first deposit with no limit on how much you can earn.
| Balance Requirement | APY Rate |
| $0.01+ | 4.71% APY |
Account Features
- FDIC insured. No fees. $1 minimum deposit.
- 24/7 online access to funds.
- Helping students and families succeed.
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Conclusion
If you’re looking for a savings account that offers a competitive rate, here’s a great candidate.
In addition to the rate, check out our list of best rates Savings, Money Market, and CD accounts.
See bank bonuses page to find other offers from Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
