High-Yield Savings Accounts of 2025 (Top Rates & Reviews)

Finding the best high-yield savings account (HYSA) in 2025 can make a big difference in how quickly your money grows. With interest rates still well above pre-2020 levels, many online banks and credit unions are offering APYs that far outpace traditional savings accounts. The challenge is choosing the right account—one that balances high yields, low fees, and easy access.

In this guide, you’ll find a breakdown of the top HYSAs available right now, complete with their rates, features, pros and cons, and key things to consider before opening one.

High-Yield Savings Accounts 2025: Best Options at a Glance

Here’s a quick comparison of today’s leading accounts:

Bank / Account	APY (as of Oct 2025)	Minimum Balance	Monthly Fees	Notable Features
Marcus by Goldman Sachs	4.35%	$0	None	No fees, strong reputation, easy transfers
Ally Bank Online Savings	4.25%	$0	None	Buckets for saving goals, great mobile app
Discover Online Savings	4.30%	$0	None	Cashback debit card available with linked checking
SoFi Checking & Savings	4.60% (with direct deposit)	$0	None	Up to $2M FDIC insurance, early paycheck access
American Express High-Yield Savings	4.40%	$0	None	Trusted brand, sleek digital experience
Chime Savings	2.00%	$0	None	Automatic round-up savings, early paydays
Capital One 360 Performance Savings	4.35%	$0	None	Easy integration with Capital One ecosystem
Barclays Online Savings	4.50%	$0	None	No minimums, strong online-only option
Synchrony High-Yield Savings	4.60%	$0	None	Optional ATM card, flexible access
CIT Bank Platinum Savings	5.00% (balance $5,000+)	$100	None	One of the highest APYs available

Why Choose a High-Yield Savings Account?

Unlike traditional savings accounts that may pay just 0.01% APY, HYSAs often pay 40–100x higher interest rates. Over time, this difference adds up—making them one of the safest ways to grow your money without taking on market risk.

They’re FDIC-insured (or NCUA for credit unions), meaning deposits are protected up to $250,000 per depositor, per institution. That makes them ideal for emergency funds, short-term savings goals, or parking cash safely while earning competitive interest.

Top 10 Best High-Yield Savings Accounts of 2025

1. Marcus by Goldman Sachs

• APY: 4.35%
• Minimum Balance: $0
• Fees: None

Pros:

• No monthly fees
• Strong reputation & reliability
• Easy account setup and transfers

Cons:

• No checking option
• No ATM card (online transfers only)

2. Ally Bank Online Savings

• APY: 4.25%
• Minimum Balance: $0
• Fees: None

Pros:

• Highly rated mobile app
• “Buckets” feature for organizing savings goals
• Trusted online-only bank

Cons:

• APY slightly lower than top competitors
• No physical branches

3. Discover Online Savings

• APY: 4.30%
• Minimum Balance: $0
• Fees: None

Pros:

• Well-known bank with strong support
• No fees or minimums
• Great companion if you use Discover credit cards

Cons:

• No physical branches
• No ATM card for savings access

4. SoFi Checking & Savings

• APY: 4.60% (with direct deposit)
• Minimum Balance: $0
• Fees: None

Pros:

• High APY if you set up direct deposit
• Up to $2 million FDIC insurance with partner banks
• Get paid up to 2 days early

Cons:

• Requires direct deposit for best rates
• Digital-first, no branches

5. American Express High-Yield Savings

• APY: 4.40%
• Minimum Balance: $0
• Fees: None

Pros:

• Backed by a top financial brand
• No fees or minimums
• Smooth online experience

Cons:

• No checking account integration
• No ATM access

6. Chime Savings Account

• APY: 2.00%
• Minimum Balance: $0
• Fees: None

Pros:

• Easy to use with Chime’s mobile app
• Automatic savings round-up feature
• Early direct deposit

Cons:

• Lower APY than competitors
• Limited to Chime ecosystem

7. Capital One 360 Performance Savings

• APY: 4.35%
• Minimum Balance: $0
• Fees: None

Pros:

• Seamless with Capital One banking
• Easy transfers from checking to savings
• Nationwide ATMs (for checking, not savings)

Cons:

• Savings account doesn’t come with ATM card
• APY could change often

8. Barclays Online Savings

• APY: 4.50%
• Minimum Balance: $0
• Fees: None

Pros:

• No fees or minimum balance requirements
• Consistently competitive APY
• Strong reputation for online banking

Cons:

• No checking account option
• No ATM card access

9. Synchrony High-Yield Savings

• APY: 4.60%
• Minimum Balance: $0
• Fees: None

Pros:

• Optional ATM card for savings
• Competitive APY
• No minimum balance

Cons:

• Limited in-person support
• Mobile app less polished than Ally/SoFi

10. CIT Bank Platinum Savings

• APY: 5.00% (with $5,000 minimum balance)
• Minimum Opening Deposit: $100
• Fees: None

Pros:

• Industry-leading APY for balances $5,000+
• FDIC-insured
• Online-first, flexible access

Cons:

• Requires $5,000 to unlock best APY
• Not as strong for smaller savers

How to Choose the Best HYSA

When comparing accounts, consider:

• APY rate: Higher is better, but watch balance requirements.
• Minimum balance: Some require thousands to earn top APY.
• Fees: Always choose accounts with no monthly fees.
• Access: Check if you want ATM access, easy transfers, or linked checking.
• Trust: Established online banks or well-rated fintechs offer peace of mind.

FAQs About High-Yield Savings Accounts

1. What is the highest HYSA rate right now?
CIT Bank Platinum Savings currently offers 5.00% APY for balances of $5,000+.

2. Are HYSAs safe?
Yes—deposits are FDIC- or NCUA-insured up to $250,000 per depositor, per bank.

3. Do rates change?
Yes, HYSAs have variable APYs that can change with market interest rates.

4. Can I lose money in an HYSA?
No, your principal is protected. The only risk is inflation outpacing your APY.

5. Is there a catch with online banks?
Not really. They save money by not running branches and pass those savings on through higher APYs.

Final Thoughts

High-yield savings accounts in 2025 are offering some of the most competitive rates we’ve seen in years. Whether you prefer the strong digital features of Ally, the high APY of CIT Bank, or the flexibility of SoFi, there’s a strong option for almost every saver.

If you want to maximize returns without sacrificing safety, compare APYs, fees, and account features carefully before opening. With the right HYSA, you’ll grow your money faster, keep it secure, and stay flexible for whatever financial goals you’re chasing next.