7 Best High Yield Savings Accounts for Digital Nomads (2025 Guide)

Top Recommendations at a Glance

Bank/Platform	Est. APY	Best For
Wise Interest	4.85%*	Multi-currency (USD, GBP, EUR)
Revolut Flexible Accounts	Up to 4.75%	Daily interest payouts
Charles Schwab One	0.48% + Perks	Unlimited Global ATM fee rebates
SoFi (with SSN)	4.60%	US-based Nomads

*Rates vary by region and currency. Always check the official website for current terms.

What Makes a Savings Account "Nomad-Friendly"?

Most traditional high-yield savings accounts (HYSA) in the US or UK are strictly for residents. If you move abroad and update your address, they might freeze your account. A true high yield savings account for digital nomads must offer:

No Physical Presence Requirement: Ability to manage everything via an app.
Virtual Address Acceptance: Works with CMRA or mail forwarding addresses.
Low Foreign Transaction Fees: So you don't lose your interest gains to bank fees.

1. Wise Interest: The Global Leader

Wise (formerly TransferWise) isn't just for sending money. Their "Interest" feature allows you to hold your balance in a fund that tracks the interest rate. It's ideal because you can switch between USD, EUR, and GBP instantly.

2. Charles Schwab: The Nomad’s Secret Weapon

While the interest rate isn't the highest, the Investor Checking paired with a brokerage account is essential. Why? Because they refund 100% of ATM fees worldwide. This saves many nomads $20-$50 per month, which is often more than the interest they would earn elsewhere.

Frequently Asked Questions

Can I open an HYSA without a permanent address?

Yes, platforms like Wise and Revolut are designed for global residents. However, for US-based banks, you may need a residential address (like a family member's home) to pass KYC checks.

Are these accounts safe?

Most options mentioned are either FDIC insured (like SoFi) or use "safeguarding" rules (like Wise) to protect user funds.