Best High-Yield Savings Accounts in 2025

In today’s economy, every dollar counts, and where you keep your savings matters more than ever. Traditional savings accounts from major brick-and-mortar banks often pay interest rates so low that your money barely grows. But in 2025, high-yield savings accounts (HYSAs) are offering rates that can be 10–15 times higher than the national average, helping you grow your savings faster without taking on risk.

The beauty of a high-yield savings account is that it combines the security of an FDIC- or NCUA-insured account with the earning potential of a much higher interest rate. That means your money stays safe while working harder for you—whether you’re saving for an emergency fund, a down payment on a house, or a dream vacation.

The best part? Many of the top accounts have no monthly fees, low minimum balance requirements, and easy online access, making them ideal for both new savers and seasoned investors looking for a safe place to park cash.

Let’s dive into the best high-yield savings accounts for 2025 so you can find the one that fits your financial goals.

Why High-Yield Savings Accounts Are Worth Considering

Before we jump into the list, it’s important to understand why high-yield savings accounts are a smart choice.

• Higher Interest Rates: Many pay over 4% APY in 2025 compared to the national average of around 0.45%.

• Low Risk: Your deposits are federally insured up to $250,000 (or $500,000 for joint accounts).

• Liquidity: Unlike CDs or long-term investments, you can withdraw funds anytime.

• Great for Short- to Mid-Term Goals: Perfect for emergency funds, vacation savings, and big purchases.

If you’re letting your money sit in a low-interest account, you’re losing out on potential earnings. Switching to an HYSA is one of the easiest financial upgrades you can make this year.

1. Ally Bank – Best All-Around Online Bank

Ally Bank has been a consistent leader in online banking, offering competitive rates and a user-friendly platform. In 2025, Ally continues to offer one of the best overall high-yield savings accounts with no monthly maintenance fees.

Key Features:

• APY: Around 4.25% (varies with market conditions).

• No minimum deposit to open.

• Easy-to-use mobile app with savings tools like “Buckets” for goal tracking.

• 24/7 customer support.

Best For: Savers who want a strong rate plus excellent digital banking features.

Downside: No physical branch access.

2. Marcus by Goldman Sachs – Best for Simple, High Interest

Marcus offers a straightforward high-yield savings account with one of the top rates in the market. There are no hidden fees or complex requirements.

Key Features:

• APY: Around 4.40%.

• No minimum deposit or fees.

• Fast online transfers and strong customer service.

• Tools for tracking your savings goals.

Best For: People who want a high interest rate without extra banking features.

Downside: No checking account option, so it’s purely for savings.

3. American Express® High-Yield Savings – Best for Brand Trust

Known for its credit cards, American Express also offers a highly competitive savings account. It’s a great choice for those who want the trust of a major financial brand.

Key Features:

• APY: Around 4.35%.

• No minimum deposit.

• Trusted, reputable financial institution.

• Easy account linking to other banks.

Best For: Those who value brand reliability and security.

Downside: No ATM card or physical branches.

4. Discover® Online Savings – Best for Full-Service Banking

Discover is another big-name financial institution offering a top-tier HYSA. It’s perfect for those who might also want access to other banking services like checking accounts or credit cards under one roof.

Key Features:

• APY: Around 4.30%.

• No minimum deposit or monthly fees.

• Access to Discover’s full suite of banking products.

• Strong reputation for customer service.

Best For: Customers who want to manage multiple financial products with one bank.

Downside: No physical branch locations for in-person banking.

5. Capital One 360 Performance Savings – Best for Easy Transfers

Capital One’s 360 Performance Savings account is a strong contender, especially for those who already have a Capital One account or credit card.

Key Features:

• APY: Around 4.25%.

• No minimum balance requirement.

• Great mobile app and integration with other Capital One accounts.

• Easy transfers between checking and savings.

Best For: Existing Capital One customers or anyone who values seamless online banking.

Downside: Slightly lower rate than some competitors.

6. SoFi Checking and Savings – Best for Bonus Offers

SoFi combines a high-yield savings account with a checking account that also earns interest. They frequently offer sign-up bonuses for new customers, making it an attractive option for maximizing your money.

Key Features:

• APY: Around 4.50% (with direct deposit).

• No account fees.

• Integrated checking and savings for easy money management.

• Cash bonuses for meeting deposit requirements.

Best For: Savers who want checking and savings in one account plus extra perks.

Downside: Requires direct deposit for the highest APY.

7. Barclays Online Savings – Best for No-Frills Savers

Barclays offers a simple, high-yield savings account with one of the higher rates in the market.

Key Features:

• APY: Around 4.35%.

• No minimum deposit.

• Reliable online banking platform.

Best For: People who want a high interest rate with minimal account maintenance.

Downside: No checking account option or ATM card.

8. Vio Bank – Best for Top Rates

Vio Bank consistently offers some of the highest savings rates available. While it’s a lesser-known name, it’s backed by a reputable parent company.

Key Features:

• APY: Around 4.60%.

• $100 minimum deposit to open.

• Competitive interest rates year after year.

Best For: Rate chasers who prioritize APY above all else.

Downside: Slightly clunky online interface compared to bigger banks.

Factors to Consider When Choosing a High-Yield Savings Account

When comparing accounts, look beyond just the APY. Consider:

• Rate History: Has the bank consistently offered high rates?

• Fees: Even small maintenance fees can eat into your interest.

• Minimum Balance Requirements: Some accounts require a certain amount to open or maintain.

• Access to Funds: Can you transfer money quickly when needed?

• Mobile App Quality: A good app makes banking easier.

How to Maximize Your High-Yield Savings Account

Opening the right account is just the first step. To make the most of your HYSA:

• Automate Your Savings: Set up recurring transfers so you’re consistently adding to your balance.

• Avoid Unnecessary Withdrawals: The fewer times you dip into your savings, the faster it grows.

• Revisit Your Rate Regularly: If your bank lowers its rate, compare and consider switching.

• Use It for Goals, Not Spending: Treat it as a separate bucket for emergencies or major purchases.

Final Thoughts: Grow Your Savings Faster in 2025

High-yield savings accounts are one of the safest, easiest ways to grow your money without taking investment risks. In 2025, with interest rates still competitive, now is a great time to move your savings into an account that actually rewards you.

Whether you value the highest APY, brand trust, integrated banking features, or daily access to your money, there’s an HYSA that fits your needs. Choose one, automate your savings, and watch your balance grow faster than ever.