With interest rates still elevated and inflation continuing to affect the economy in 2025, high-yield savings accounts (HYSAs) have become a go-to option for Americans looking to earn more on their idle cash. Traditional savings accounts offer interest rates as low as 0.01%, while many online institutions are currently offering over 4%—a massive difference that can help your money grow without risk.
Whether you’re saving for an emergency fund, a big purchase, or just want a better place to park your money, here are some of the best high-yield savings accounts available in the U.S. right now.
What Is a High-Yield Savings Account?
A high-yield savings account is a type of savings account that earns a much higher interest rate than what you’d typically find at a traditional bank. These accounts are usually offered by online banks or credit unions and come with federal insurance (FDIC or NCUA), so your money is protected up to $250,000 per depositor, per institution.
Unlike investment accounts, HYSAs don’t carry market risk, and unlike certificates of deposit (CDs), they don’t lock your money away. You can access your funds when you need them—making them ideal for short-term goals and emergency savings.
Top High-Yield Savings Accounts in 2025
1. Varo Bank – 5.00% APY
Varo offers one of the highest rates available today at 5.00% APY. It’s an excellent choice for anyone who wants to maximize earnings on their cash without minimum balance requirements or monthly fees. Direct deposit and activity-based bonuses may apply to maintain the top rate.
2. FitnessBank – 5.00% APY
FitnessBank offers a unique approach: your interest rate is tied to your daily step count. This is a great option for those who are health-conscious and want to stay active while growing their savings. Rates are among the highest in the country.
3. Axos Bank – 4.66% APY
Axos delivers strong returns and a sleek online platform. There’s no minimum deposit to open the account, and you can earn a competitive rate simply by maintaining good standing with your account.
4. Openbank – Up to 4.75% APY
Openbank offers a flexible, high-yield savings option with a solid APY range depending on your balance and account activity. It’s ideal for savers looking for a trusted name and reliable customer service.
5. Bread Savings – Around 4.30% APY
This account is great for those who want high interest without hassle. You only need a small initial deposit to open the account, and there are no monthly fees. The mobile platform is simple and easy to use.
6. BrioDirect – Up to 4.45% APY
BrioDirect consistently offers some of the best APYs available. While it requires a higher minimum deposit to get started, it rewards larger balances with higher rates.
7. Rising Bank – Around 4.30% APY
A great option for those with mid-size deposits, Rising Bank provides a solid yield and a clean online interface for managing your savings.
8. TAB Bank & Forbright Bank – Around 4.25% APY
These banks offer competitive yields with no monthly fees and low or no minimum balance requirements. They’re great for everyday savers who want ease of access and good returns.
Why High-Yield Savings Accounts Make Sense Right Now
- Higher Returns on Idle Cash
With APYs above 4%, these accounts offer hundreds of dollars more per year than traditional savings accounts, especially with balances of $5,000 or more. - Safe and Accessible
Funds are federally insured and can be withdrawn quickly without penalties, making them perfect for emergency funds or short-term savings goals. - No Hidden Fees
Most top accounts don’t charge monthly maintenance fees or require large deposits, so you get the full benefit of your interest. - No Market Risk
Unlike investing, high-yield savings accounts don’t fluctuate with the stock market, offering a stable and predictable return.
How to Choose the Best Account for You
✅ Focus on the APY
Look for the highest rate you can find, but make sure you understand any conditions required to earn it—such as setting up direct deposit or maintaining a specific balance.
✅ Check for Account Requirements
Some accounts require a higher opening deposit, while others allow you to start with as little as $0. Pick one that fits your financial situation.
✅ Evaluate the Bank’s Platform
A user-friendly mobile app, easy transfers, and good customer service can make a big difference, especially if you’ll be managing your savings frequently.
✅ Watch for Rate Changes
These accounts offer variable rates, meaning the APY can change depending on the broader interest rate environment. It’s a good idea to review your account every few months to ensure you’re still getting a competitive return.
How Much Can You Earn?
Let’s say you deposit $10,000 into an account offering 4.50% APY:
- In one year, you’d earn approximately $450 in interest—without any risk.
- Compare that to a traditional account offering 0.01%, where you’d earn just $1 per year.
Even with a smaller balance of $2,500, you could earn over $100 annually with a top-tier HYSA—an easy win for anyone looking to boost passive income.
Final Thoughts
In a time when every dollar counts, high-yield savings accounts are one of the smartest places to keep your money safe while earning solid interest. Whether you’re saving for an emergency fund, a short-term goal, or just want better returns on your cash, there’s no reason to settle for low rates anymore.
The best part? Most of these accounts are easy to open online in minutes, and you can start seeing your money grow almost immediately.
If you’re serious about maximizing your savings in today’s economy, making the switch to a high-yield savings account might be one of the most impactful financial moves you can make this year.