High-Yield Savings Accounts: Top Options for 2025

If you’re searching for the best high yield savings accounts in 2025, you’re not alone. Savvy savers know that earning a competitive interest rate can make a significant difference in growing their emergency fund or short-term savings. In this guide, we’ll detail the top high-yield savings accounts for 2025, what to look for when choosing an account, and answer the most frequently asked questions.

What is a High-Yield Savings Account?

A high-yield savings account is a bank account that pays much higher interest than the national average. These accounts are usually offered by online banks or the online branches of traditional institutions, and they often feature:

• Competitive annual percentage yields (APYs)
• No or low monthly fees
• FDIC or NCUA insurance for your deposits

Highly Searched: Why Are APYs Remaining High in 2025?

A surge in online searches in recent days has centered on why APYs for high yield savings accounts are still remaining close to or above 4% in 2025. This trend is largely due to the Federal Reserve maintaining higher benchmark interest rates, pushing banks to keep their savings products competitive. For many consumers, this means maintaining substantial returns on liquid cash while avoiding market risk. As a result, news outlets and personal finance experts continue to recommend high-yield savings accounts for both emergency and planned savings.

Best High Yield Savings Accounts 2025

Below are the top options for high-yield savings accounts in August 2025, including their APYs and key features.

1. Peak Bank High-Yield Savings

• APY: 4.35%
• Minimum to open: $100
• Minimum balance for APY: $0
• Why choose Peak Bank?
  • One of the highest APYs available
  • No monthly maintenance fees
  • FDIC insured
  • User-friendly mobile app

2. EverBank Performance Savings

• APY: 4.30%
• Minimum to open: None
• Key highlights:
  • No minimum deposit required
  • Reputable online bank
  • No monthly service fees

3. Axos ONE® Savings

• APY: 4.46%
• Minimum to open: $250
• Benefits:
  • Strong APY
  • FDIC insured
  • Simple online account management

4. Openbank High Yield Savings

• APY: 4.20%
• Minimum to open: Varies
• Noteworthy features:
  • Very competitive APY
  • No monthly fees
  • International accessibility

5. UFB Portfolio Savings

• APY: 4.01%
• Minimum to open: None
• Advantages:
  • Consistently high APY
  • User-friendly online platform
  • FDIC insured

6. CIT Bank Platinum Savings

• APY: 4.00%
• Minimum to open: Often $100 or more
• Pros:
  • Well-known brand
  • Higher APY for larger balances

7. SoFi Checking and Savings

• APY: 3.80%
• Minimum to open: None
• Why it stands out:
  • Integrated checking and savings features
  • User-friendly mobile app
  • No account fees

8. Marcus by Goldman Sachs Online Savings

• APY: 3.65%
• Minimum to open: None
• Highlights:
  • Trusted brand
  • No fees or minimums

Note: Some online banks and credit unions are even offering promotional rates close to 5%, according to recent financial news and rate aggregators.

How to Choose the Best High-Yield Savings Account

When evaluating high-yield savings accounts, consider the following factors:

• APY (Annual Percentage Yield): Higher is better, but be sure to understand any promotional periods.
• Minimum Deposit and Balance Requirements: Some accounts require a minimum to open or to earn the top rate.
• Fees: Look for accounts with no monthly maintenance or service fees.
• Accessibility: Strong online and mobile experience for easy deposits and withdrawals.
• FDIC/NCUA Insurance: Ensures your money is protected up to $250,000 per depositor, per institution.

Frequently Asked Questions

What is the highest high-yield savings account rate in August 2025?

As of August 2025, the highest widely-available high-yield savings accounts offer APYs up to 4.46%, with some niche online banks providing promotional rates near 5%.

Are high-yield savings accounts safe?

Yes, as long as your account is with an FDIC- or NCUA-insured institution, your deposits are protected up to $250,000 per person, per bank.

Do high-yield accounts have hidden fees?

Most top high-yield savings accounts in 2025 do not charge monthly maintenance fees. Always read the account terms to verify.

Can I access my money anytime?

High-yield savings accounts offer easy online access to your funds, though federal regulations may limit some transaction types to six per month.

Is it better to choose an established brand or a new online bank?

Both can be good options. Newer online banks such as Peak Bank offer some of the highest rates, while established names like Marcus and American Express provide additional brand recognition and customer reviews.

Key Takeaways

• Shop around for the highest APY and lowest fees
• Ensure full FDIC or NCUA insurance protection
• Take advantage of the current high-rate environment by keeping your cash savings in a competitive high-yield account

With APYs at multi-year highs and new banks entering the market, it’s an excellent time to review your savings strategy and make sure your money is working hard for you in 2025.