In 2025, high-yield savings accounts (HYSAs) remain one of the most effective ways for Americans to safely grow their money while keeping it easily accessible. With rising interest rates in recent years, online banks and credit unions have been competing aggressively to offer the most competitive annual percentage yields (APYs). For savers, this is great news — but it also means there are a lot of options to sort through.
This guide will walk you through the best high-yield savings accounts in the USA for 2025, focusing on APY rates, fees, accessibility, and unique features that can help you get the most from your savings.
Why High-Yield Savings Accounts Matter
A high-yield savings account typically offers an APY that’s several times higher than the national average for traditional savings accounts. According to the FDIC, the average savings APY in early 2025 is around 0.46%. In contrast, many of the best HYSAs now offer between 4.00% and 5.25% APY.
Key benefits include:
- Safe Growth – Deposits up to $250,000 per account holder are FDIC-insured at banks or NCUA-insured at credit unions.
- Liquidity – Unlike CDs or bonds, funds in a HYSA are accessible anytime.
- Low Risk – No market volatility like with stocks or crypto.
- Ease of Use – Most accounts can be managed entirely online or through a mobile app.
Factors to Consider When Choosing a HYSA
Before choosing a savings account, pay attention to:
- APY Rate – Higher is better, but check if it’s a promotional rate.
- Minimum Deposit Requirements – Some require $100+ to open.
- Monthly Fees – These can eat into your earnings.
- Access to Funds – Can you withdraw to an external bank quickly?
- Bank Reputation & Customer Service – Read reviews and check ratings.
- Mobile App & Online Banking Quality – A smooth experience matters for managing your money.
Top High-Yield Savings Accounts in the USA for 2025
1. UFB Direct – UFB Secure Savings
- APY: Up to 5.25%
- Minimum Opening Deposit: $0
- Key Features:
- No monthly maintenance fees
- Nationwide ATM access via debit card
- Online and mobile banking with check deposit
- Why It’s Great: UFB Direct consistently offers some of the highest APYs in the market without complicated requirements.
2. CIT Bank – Savings Connect
- APY: 5.05%
- Minimum Opening Deposit: $100
- Key Features:
- No monthly service fees
- Online transfers and mobile check deposits
- Why It’s Great: Known for reliable rates and strong customer service, CIT Bank is a favorite for digital-first savers.
3. Bask Bank – Interest Savings Account
- APY: 5.10%
- Minimum Opening Deposit: $0
- Key Features:
- FDIC-insured
- Earn interest or airline miles (unique rewards option)
- Why It’s Great: Flexible rewards structure — earn cash interest or travel miles.
4. Ally Bank – Online Savings Account
- APY: 4.35%
- Minimum Opening Deposit: $0
- Key Features:
- Buckets feature for organizing savings goals
- No monthly maintenance fees
- 24/7 customer service
- Why It’s Great: Ally offers a strong all-around experience with easy transfers and budgeting tools.
5. Discover Bank – Online Savings
- APY: 4.30%
- Minimum Opening Deposit: $0
- Key Features:
- No minimum balance requirements
- Strong customer service reputation
- Why It’s Great: Simple, reliable, and backed by a major U.S. financial institution.
6. SoFi Checking & Savings
- APY: Up to 4.60% with direct deposit
- Minimum Opening Deposit: $0
- Key Features:
- Combines checking and savings with high APY
- Early paycheck access (up to 2 days early)
- No account fees
- Why It’s Great: Offers the convenience of a checking account while still earning competitive interest.
7. Marcus by Goldman Sachs – Online Savings
- APY: 4.40%
- Minimum Opening Deposit: $0
- Key Features:
- No fees or minimum deposits
- Reputable bank with a long history
- Why It’s Great: Straightforward, no-frills high-yield savings backed by Goldman Sachs.
8. Synchrony Bank – High Yield Savings
- APY: 4.75%
- Minimum Opening Deposit: $0
- Key Features:
- Optional ATM card for withdrawals
- No monthly fees
- Why It’s Great: Gives more physical cash access than most online banks.
9. American Express National Bank – High Yield Savings
- APY: 4.35%
- Minimum Opening Deposit: $0
- Key Features:
- No monthly fees
- Trusted brand name
- Why It’s Great: Smooth online interface and brand reliability.
10. Vio Bank – Cornerstone Money Market
- APY: 5.00%
- Minimum Opening Deposit: $100
- Key Features:
- Check-writing privileges
- Competitive interest rates
- Why It’s Great: Combines flexibility with strong returns.
How Much Can You Earn?
Let’s compare potential earnings with a $10,000 deposit at different APYs (compounded annually):
- At 0.46% (National Average): ~$46/year
- At 4.50%: ~$450/year
- At 5.25%: ~$525/year
Over five years, that difference can add up to over $2,000 more in interest just by choosing a better account.
Tips to Maximize Your Savings
- Avoid Accounts with Fees – Even $5/month can erase interest gains.
- Set Up Automatic Transfers – Build your savings without thinking about it.
- Take Advantage of Promotions – Some banks offer $100–$300 bonuses for new accounts.
- Revisit Rates Periodically – If your rate drops, consider switching to a better one.
- Use Multiple Accounts – Organize different savings goals in separate HYSAs.
Future Outlook for High-Yield Savings in 2025
- Interest Rate Trends: Rates may slightly decrease if the Federal Reserve eases policy, but competition will likely keep them high.
- Fintech Growth: More digital banks are entering the market with innovative features like AI budgeting tools and instant transfers.
- Integration with Investments: Expect to see more seamless transfers between HYSAs and brokerage accounts.
Final Thoughts
A high-yield savings account is one of the simplest, safest ways to grow your money in 2025. With APYs above 4% widely available and some accounts reaching 5% or higher, there’s no reason to settle for a traditional bank savings rate below 1%. Whether you prioritize the highest APY, the most features, or a bank you already know, the options in this list are among the best for U.S. savers.