In a world where traditional savings accounts offer minimal interest, high-yield savings accounts (HYSA) have become increasingly popular among savers looking to grow their money. These accounts provide much higher interest rates compared to regular savings accounts, helping you make the most of your savings without taking on too much risk. Whether you’re saving for an emergency fund, a down payment, or simply want to earn more from your idle cash, high-yield savings accounts are an excellent option.
In this article, we’ll explore the 10 best high-yield savings accounts in 2025 to help you find the right one for your financial goals. We’ll also cover important factors to consider when selecting a high-yield savings account, including interest rates, fees, and other benefits.
What Is a High-Yield Savings Account?
A high-yield savings account is a type of savings account that offers a significantly higher interest rate than a standard savings account. These accounts are often offered by online banks, credit unions, and some traditional banks. The high interest rates can make a big difference in the amount of money you earn on your savings, especially if you maintain a large balance over time.
While traditional savings accounts typically offer interest rates of 0.01% to 0.05%, high-yield savings accounts can offer rates of 1% to 5% or more, depending on the bank and the current market conditions.
What to Look for in a High-Yield Savings Account
Before diving into our list of the best high-yield savings accounts, it’s important to understand the key factors to consider when selecting one. These factors include:
- Interest Rates: This is the most important factor to consider. The higher the interest rate, the more you’ll earn on your savings.
- Fees: Some high-yield savings accounts come with monthly maintenance fees, which can eat into your earnings. Look for accounts with no monthly fees or low fees.
- Minimum Balance Requirements: Some high-yield savings accounts require a minimum deposit to open the account or to earn the advertised interest rate. Be sure to check these requirements.
- FDIC/NCUA Insurance: Make sure your savings account is insured by the FDIC (Federal Deposit Insurance Corporation) or NCUA (National Credit Union Administration). This ensures that your money is protected up to $250,000 per depositor, per insured bank or credit union.
- Accessibility: Consider whether the bank offers easy online banking or mobile apps to manage your account, especially if you’re looking for flexibility.
10 Best High-Yield Savings Accounts in 2025
- Ally Bank High-Yield Savings Account
Ally Bank has been a leader in online banking for years, and its high-yield savings account is no exception. Ally consistently offers one of the best interest rates on the market, typically well above the national average.
- Interest Rate: 3.75% APY (Annual Percentage Yield)
- Minimum Deposit: $0 to open
- Fees: No monthly maintenance fees
- FDIC Insured: Yes
- Additional Features: Ally offers a user-friendly mobile app, 24/7 customer service, and the ability to link your high-yield savings account to an Ally checking account for easy transfers.
Ally Bank’s high-yield savings account is an excellent option for anyone looking for a reliable online bank with competitive rates.
- Marcus by Goldman Sachs High-Yield Online Savings Account
Marcus by Goldman Sachs offers a simple, easy-to-use high-yield savings account with no fees and a competitive interest rate. It’s a great choice for those who want to maximize their savings without the hassle of complex requirements.
- Interest Rate: 3.90% APY
- Minimum Deposit: $0 to open
- Fees: No monthly fees or transaction fees
- FDIC Insured: Yes
- Additional Features: Marcus by Goldman Sachs provides excellent customer support, a user-friendly mobile app, and a straightforward account setup process.
This account is ideal for savers who want to keep things simple and earn a high return on their deposits.
- Discover Online Savings Account
Discover is known for its credit cards, but its online savings account is also a great option for earning a high return. With no fees and easy access to your funds, it’s a solid choice for savers.
- Interest Rate: 3.75% APY
- Minimum Deposit: $0 to open
- Fees: No monthly fees
- FDIC Insured: Yes
- Additional Features: Discover offers great customer service, 24/7 access to your account, and no minimum balance requirements.
This account is perfect for savers who want the convenience of online banking with a high yield and no hassle.
- American Express National Bank High-Yield Savings Account
American Express is a household name, and its high-yield savings account offers competitive rates and no fees. It’s a great option for those looking for a straightforward way to grow their savings.
- Interest Rate: 3.75% APY
- Minimum Deposit: $0 to open
- Fees: No monthly maintenance fees
- FDIC Insured: Yes
- Additional Features: American Express provides excellent customer support and a simple online interface. The account is also linked to your American Express account for easy management.
If you already use American Express, this savings account offers a great way to earn interest on your deposits.
- Synchrony Bank High-Yield Savings Account
Synchrony Bank is another online bank with a reputation for offering competitive interest rates on high-yield savings accounts. With no monthly fees and a solid APY, it’s a great option for anyone looking to maximize their earnings.
- Interest Rate: 3.85% APY
- Minimum Deposit: $0 to open
- Fees: No monthly fees
- FDIC Insured: Yes
- Additional Features: Synchrony offers easy online account management, mobile banking, and optional ATM access.
Synchrony’s high-yield savings account is ideal for savers who want to keep things simple and earn competitive rates.
- Capital One 360 Performance Savings Account
Capital One is one of the largest banks in the U.S., and its 360 Performance Savings Account offers one of the best interest rates available. It’s also a great option for those who want the reliability of a well-established financial institution.
- Interest Rate: 3.50% APY
- Minimum Deposit: $0 to open
- Fees: No monthly fees or minimum balance requirements
- FDIC Insured: Yes
- Additional Features: Capital One offers a robust mobile app, access to more than 39,000 ATMs, and excellent customer service.
This account is perfect for anyone who values convenience and a competitive interest rate.
- CIT Bank Savings Builder Account
CIT Bank’s Savings Builder Account offers a higher interest rate for those who can meet certain deposit requirements. It’s a great option if you want to earn a high return but are willing to commit to monthly deposits.
- Interest Rate: 4.75% APY (if you make a monthly deposit of $100 or more)
- Minimum Deposit: $100 to open
- Fees: No monthly maintenance fees
- FDIC Insured: Yes
- Additional Features: CIT Bank offers an easy-to-use platform, helpful customer service, and the option to set up automatic monthly deposits.
If you’re looking to earn a high return and can make monthly deposits, CIT Bank’s Savings Builder account is a top choice.
- Barclays Online Savings Account
Barclays offers a competitive online savings account with no monthly fees and a solid interest rate. With no minimum deposit and FDIC insurance, it’s a safe and easy way to grow your savings.
- Interest Rate: 3.60% APY
- Minimum Deposit: $0 to open
- Fees: No monthly fees
- FDIC Insured: Yes
- Additional Features: Barclays offers online banking, a user-friendly app, and no fees for ATM withdrawals.
This account is great for those who want a reliable online savings account with no fees and competitive interest rates.
- Vio Bank High-Yield Online Savings Account
Vio Bank offers a high-yield online savings account with a competitive interest rate and minimal fees. It’s a great option for anyone looking to grow their savings with ease.
- Interest Rate: 4.75% APY
- Minimum Deposit: $100 to open
- Fees: No monthly fees
- FDIC Insured: Yes
- Additional Features: Vio Bank offers easy online banking and a straightforward account setup process.
If you’re looking for a higher yield and don’t mind the minimum deposit requirement, Vio Bank is an excellent choice.
- Live Oak Bank High-Yield Savings Account
Live Oak Bank offers another excellent high-yield savings account with a solid interest rate and no monthly fees. It’s an excellent option for anyone who wants to maximize their savings without the need for physical branches.
- Interest Rate: 3.75% APY
- Minimum Deposit: $0 to open
- Fees: No monthly fees
- FDIC Insured: Yes
- Additional Features: Live Oak Bank offers online banking, mobile access, and competitive customer support.
This account is ideal for those who want a high yield with no minimum balance requirements.
Conclusion
High-yield savings accounts offer an excellent way to grow your money while keeping it safe. Whether you’re looking to build an emergency fund, save for a specific goal, or simply earn more on your savings, these 10 high-yield savings accounts are some of the best options available in 2025. Be sure to compare interest rates, fees, and features before selecting the one that best fits your financial goals.
By choosing the right high-yield savings account, you can make your money work harder for you and take a step toward financial security and success.
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