Best High-Yield Savings Accounts in the U.S. (2025 Edition)
Looking to make your savings grow faster in 2025? A high-yield savings account (HYSA) is a smart place to start. These accounts offer interest rates several times higher than traditional savings accounts and are FDIC insured for safety.
Let’s explore the top-performing high-yield savings accounts available to U.S. consumers in 2025.
What Is a High-Yield Savings Account?
A high-yield savings account pays a higher-than-average interest rate on your balance. Most are offered by online banks, which have lower overhead costs and can pass those savings on to you in the form of better APYs.
Typical APY range in 2025: 4.00% – 5.25%
Top High-Yield Savings Accounts (2025)
1. SoFi High-Yield Savings
- APY: Up to 4.60% (with direct deposit)
- Minimum Balance: $0
- Monthly Fees: None
- Highlights: Includes budgeting tools and a linked checking account
2. Discover Online Savings
- APY: 4.35%
- Minimum Balance: $0
- Monthly Fees: None
- Highlights: 24/7 U.S.-based customer support
3. Ally Bank Savings
- APY: 4.25%
- Minimum Balance: $0
- Monthly Fees: None
- Highlights: Buckets and automatic savings features
4. American Express® High Yield Savings
- APY: 4.30%
- Minimum Balance: $0
- Monthly Fees: None
- Highlights: Trusted name, sleek mobile app
5. Marcus by Goldman Sachs
- APY: 4.40%
- Minimum Balance: $0
- Monthly Fees: None
- Highlights: Strong reputation, simple online platform
How to Choose the Best Account
Look for these features:
- Competitive APY (4.00% or higher)
- No monthly maintenance fees
- Low or no minimum deposit
- Mobile app access and digital tools
- FDIC insurance (up to $250,000 per depositor)
Tips to Maximize Your Savings
- Set up automatic transfers from your checking account
- Keep your emergency fund in an HYSA
- Monitor APY changes regularly, as rates can fluctuate
- Don’t confuse with a money market or CD—HYSAs remain liquid
Final Thoughts
A high-yield savings account is a simple yet powerful way to grow your savings without taking on risk. In 2025, rates remain attractive, and there are plenty of great no-fee options to choose from.
FAQs
Is my money safe in a high-yield savings account?
Yes, as long as it’s FDIC-insured (up to $250,000 per depositor, per bank).
Can I withdraw money anytime?
Yes, but federal law may limit certain withdrawals to 6 per month.
Do online savings accounts offer better rates?
Usually, yes—online banks typically offer higher APYs than brick-and-mortar institutions.
Is interest earned on savings taxable?
Yes, interest from savings accounts is considered taxable income.
Can I have multiple high-yield savings accounts?
Yes, but keep track of FDIC coverage limits and avoid spreading too thin.
