Let’s be honest — in a world of rising inflation and market volatility, letting your money sit in a basic savings account that pays next to nothing just doesn’t cut it anymore...
- APYs are beating traditional savings by 10x or more.
- Most top accounts are online-only — no branch overhead = better rates for you.
- FDIC insurance = your money’s safe, up to $250,000.
- No fees, no minimums (in many cases).
Compare the Best High-Yield Savings Accounts
| Bank | APY | Fees | Min. Deposit | Mobile App | Key Feature |
|---|---|---|---|---|---|
| SoFi | 4.60% | $0 | $0 | Free ATM access + early paycheck | |
| Ally Bank | 4.35% | $0 | $0 | Buckets for saving goals | |
| Discover® Bank | 4.25% | $0 | $0 | No overdraft or maintenance fees | |
| American Express® Savings | 4.40% | $0 | $0 | Clean interface, reliable | |
| Synchrony Bank | 4.75% | $0 | $0 | Highest APY among no-fee options | |
| Capital One 360 | 4.30% | $0 | $0 | Auto-saving tools included | |
| Barclays Online | 4.50% | $0 | $0 | Competitive rate + solid reputation |
- APY: The higher the yield, the faster your money grows.
- Fees: Zero monthly fees is the standard now.
- Ease of Use: Mobile app, online transfers, 24/7 access.
- Transfer Time: 1-3 day speed matters.
- Customer Support: Even with online banks — good help matters.
- Having a physical branch.
- ATM access for savings — rarely needed.
Our Top Picks for 2025
Great rate + digital features like early direct deposit and all-in-one financial dashboard.
Top rate for those who don't need a mobile app or ATM access.
Buckets and Surprise Savings make organizing money fun.
No maintenance or overdraft fees. Ever.
Myth: High interest is only for people with thousands in the bank.
Truth: Many accounts offer top APYs with no minimum balance.
Myth: Your Money Isn’t Safe in Online Banks
Truth: Most are FDIC-insured — just like traditional banks.
Myth: Higher Yield = Riskier Account
Truth: HYSAs aren't investments — they're just better savings tools.
- Set up auto-transfers from checking.
- Don’t use it like a checking account.
- Compare rates quarterly.
- Use budgeting apps to track savings.
“I moved my emergency fund from 0.01% to SoFi and earned $200 in 6 months.”
“Ally's buckets helped me save for my wedding without opening multiple accounts.”
If your money isn’t working for you — it’s sitting idle. High-yield savings accounts in 2025 offer a no-risk way to grow your funds faster, smarter, and without any strings attached. No fees. No gimmicks. Just better savings.