Best high yield savings account of 2025

High-yield savings accounts (HYSAs) offer significantly higher annual percentage yields (APYs) than traditional savings accounts, making them an excellent choice for those looking to grow their savings with minimal risk. While the national average savings rate is just 0.41%, top HYSAs in 2025 offer much more competitive rates. Leading options include Axos Bank with a 4.66% APY, BrioDirect at 4.50%, and Newtek Bank at 4.45%. These elevated rates can substantially accelerate the growth of your savings over time. HYSAs are ideal for individuals seeking a safe and accessible place to store their money while earning a better return than what standard accounts provide. They are especially useful for building emergency funds or saving for short- to medium-term goals, thanks to their combination of security and liquidity.

This overview draws on expert research from sources like NerdWallet to highlight some of the best high-yield savings accounts currently available. Whether you’re new to saving or looking to switch from a low-interest account, exploring high-yield options can help maximize your returns. Scroll further for a complete list of top-rated accounts and tips on what to consider before opening one.

A high-yield savings account is a type of deposit account that offers a much higher interest rate—also known as Annual Percentage Yield (APY)—than traditional savings accounts. These accounts are typically offered by online banks or fintech companies that have lower overhead and can pass the savings back to customers.

For example, some of the highest yield saving accounts in 2025 are offering APYs upwards of 5%, compared to the national average of around 0.45% for standard savings.

Before diving into the top picks, let’s highlight why a high-yield savings account is worth considering:

Bank/Institution

SoFi Checking and Savings

APY

Up to 3.80%
With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

Bonuses

Up to $300

American Express® High Yield Savings Account

3.70%

With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

N/A

Capital One 360 Performance Savings™

3.60%

With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

N/A

Forbright Bank Growth Savings

4.25%

With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

N/A

EverBank Performance℠ Savings

4.30%

With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

N/A

Discover® Online Savings

3.70%

With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

$200
Requirements to qualify

CIT Bank Platinum Savings

4.10%

With $0 min. balance for APY

Best for High-Yield Online Savings Accounts

N/A

Be sure to compare APYs regularly, as rates can change over time, and always read the fine print before opening a new account.

High-yield savings accounts (HYSAs) offer significantly higher annual percentage yields (APYs) than traditional savings accounts, making them an excellent choice for those looking to grow their savings with minimal risk. While the national average savings rate is just 0.41%, top HYSAs in 2025 offer much more competitive rates. Leading options include Axos Bank with a 4.66% APY, BrioDirect at 4.50%, and Newtek Bank at 4.45%. These elevated rates can substantially accelerate the growth of your savings over time.

HYSAs are ideal for individuals seeking a safe and accessible place to store their money while earning a better return than what standard accounts provide. They are especially useful for building emergency funds or saving for short- to medium-term goals, thanks to their combination of security and liquidity.

Savings rates tend to follow the Federal Reserve’s interest rate decisions. If the Fed begins cutting rates to stimulate the economy, HYSA rates may begin to drop. However, in early 2025, rates remain historically high, making now a great time to lock in a good APY.

Choosing the best high yield savings account 2025 can offer:

• Higher earnings with compound interest
• No risk to your principal (FDIC-insured)
• Flexible access to funds without penalties
• No monthly fees or minimum balance requirements

These benefits make HYSAs ideal for both short-term savings goals and storing emergency funds.

If you deposit $10,000 into a high-yield savings account (HYSA) with a competitive APY (Annual Percentage Yield), your money can grow significantly compared to a standard savings account. As of 2025, many of the best high-yield savings accounts offer between 4.50% and 5.25% APY. Let’s say you choose an account with 5.00% APY, compounded monthly. Over one year, your $10,000 would earn around $511 in interest. That’s calculated using compound interest, which means you earn interest not only on your original balance but also on the interest added each month.

In comparison, a traditional savings account with a 0.40% APY would earn you just $40 in the same period. The difference is substantial, especially for larger balances or over multiple years.

The actual amount you earn may vary slightly based on the compounding method (daily, monthly, etc.) and any changes to the interest rate. Still, a HYSA is one of the safest ways to passively grow your savings without market risk. Just make sure the account is FDIC-insured, has no hidden fees, and allows easy access to your money.

Here’s how they compare:

With online banking, you can access your account securely day or night. Online banks, credit unions and nonbank providers offer some of the best savings rates on the market while charging fewer fees than traditional banks. They also often offer good websites and mobile apps that typically let customers deposit checks and pay bills.

High-yield savings accounts (HYSAs) at banks and credit unions are federally insured up to $250,000 per depositor, and many nonbank providers partner with banks for insurance. Accounts at banks are backed by the Federal Deposit Insurance Corp., while credit union accounts are backed by the National Credit Union Administration. This means that even if the financial institution fails, the government makes sure your money is safe and accessible.

Yes. High-yield savings accounts are typically FDIC-insured up to $250,000 per depositor, per bank. This means your funds are protected even if the bank fails. The safety, combined with high returns and liquidity, makes HYSAs one of the best low-risk financial tools available.

Institutions typically don’t change savings rates hourly, daily or even weekly. It’s common to see some rates remain unchanged for several months.

But rates are variable and can theoretically change at any time. In addition, many providers will adjust their rates based on their competitors’ actions. As a result, you will often see groups of financial institutions increase or decrease their APYs around the same time, especially if the Federal Reserve recently hiked or cut rates.

Interest in high-yield savings accounts is typically compounded daily or monthly, meaning your earnings grow faster over time compared to simple interest. Always check how often interest is compounded before opening an account.

• SoFi Checking and Savings: Best for High-Yield Online Savings Accounts, 3.80% APY
• American Express® High Yield Savings Account: Best for High-Yield Online Savings Accounts, 3.70% APY
• Capital One 360 Performance Savings™: Best for High-Yield Online Savings Accounts, 3.60% APY
• Forbright Bank Growth Savings: Best for High-Yield Online Savings Accounts, 4.25% APY
• EverBank Performance℠ Savings: Best for High-Yield Online Savings Accounts, 4.30% APY
• Discover® Online Savings: Best for High-Yield Online Savings Accounts, 3.70% APY
• Barclays Tiered Savings Account: Best for High-Yield Online Savings Accounts, 4.15% APY
• Synchrony Bank High Yield Savings: Best for High-Yield Online Savings Accounts, 4.00% APY
• CIT Bank Platinum Savings: Best for High-Yield Online Savings Accounts, 4.10% APY
• LendingClub LevelUp Savings: Best for High-Yield Online Savings Accounts, 4.40% APY
• UFB Portfolio Savings: Best for High-Yield Online Savings Accounts, 4.01% APY