In 2025, high-yield savings accounts (HYSAs) remain one of the safest and smartest ways to grow your money without risking it in volatile markets. Unlike regular savings accounts, HYSAs typically offer interest rates 10–15 times higher than the national average, while still being FDIC-insured for peace of mind. With rising interest rates and more online banks competing for customers, choosing the top high-yield savings accounts 2025 can help maximize your returns.
Table of Contents
- What is a High-Yield Savings Account?
- Quick Comparison: Top 10 HYSAs 2025
- 1. Ally Bank Online Savings Account
- 2. American Express® High Yield Savings
- 3. Capital One 360 Performance Savings
- 4. Discover Online Savings Account
- 5. Synchrony Bank High Yield Savings
What is a High-Yield Savings Account?
A high-yield savings account is a deposit account that pays a higher-than-average interest rate compared to traditional savings accounts. Most HYSAs are offered by online banks that have lower overhead costs, which allows them to pass the savings on to customers through higher APYs (annual percentage yields). These accounts are ideal for building an emergency fund, saving for a short-term goal, or simply earning more interest on idle cash.
Top 10 High-Yield Savings Accounts 2025
Comparison: Banks 1–5 Other 6–10 on Bottom
| Bank | APY (2025) | Minimum Deposit | Monthly Fees | Highlights |
|---|---|---|---|---|
| Ally Bank | 4.25% | $0 | $0 | Great mobile app, round-up savings tools |
| American Express | 4.30% | $0 | $0 | Strong brand trust, no fees |
| Capital One | 4.35% | $0 | $0 | In-person + online access, top-rated app |
| Discover | 4.40% | $0 | $0 | No fees, excellent online banking tools |
| Synchrony Bank | 4.50% | $0 | $0 | Highest APY, ATM card option |
1. Ally Bank Online Savings Account
Ally Bank consistently ranks as one of the best online banks in the U.S., and its Online Savings Account remains a top pick in 2025. With an APY of 4.25%, zero minimum deposit requirements, and no monthly maintenance fees, it’s designed for anyone looking to earn competitive interest while enjoying a seamless digital experience.
Ally also offers unique savings tools, such as “Buckets” for goal-based savings and “Round Ups” that automatically save your spare change. Customers appreciate its 24/7 customer support and award-winning mobile app. For savers who want flexibility and modern features without hidden costs, Ally Bank is an excellent choice.
2. American Express® High Yield Savings
American Express isn’t just for credit cards—it also provides a robust high-yield savings account that’s especially attractive in 2025 with a 4.30% APY. Like Ally, there are no monthly fees or minimum balance requirements, making it an accessible option for everyday savers. One of its strongest advantages is brand trust, as American Express has decades of financial reliability behind its name.
The online platform is simple, secure, and easy to use, though it doesn’t currently offer a checking account to pair with savings. For those who want a no-frills, reliable place to grow their emergency fund, Amex’s High Yield Savings Account delivers.
3. Capital One 360 Performance Savings
Capital One bridges the gap between digital-first banks and traditional banking by offering both in-person branches and a strong online platform. Its 360 Performance Savings Account offers an APY of 4.35% with no fees or minimums. The account is FDIC-insured and integrates seamlessly with Capital One’s mobile app, which is consistently rated among the best in the industry.
Customers benefit from Capital One’s hybrid model: the convenience of online tools plus access to physical branches and ATMs. This makes it an ideal choice for savers who want the best of both worlds.
4. Discover Online Savings Account
Discover Bank, widely known for its credit cards, also offers one of the most competitive online savings accounts. With an APY of 4.40% and no account fees, Discover’s Online Savings Account is a great option in 2025. The bank’s user-friendly app and website make managing money simple, while its reputation for customer service adds peace of mind.
Unlike some online banks, Discover also offers checking and other financial products, making it easier for customers to manage multiple accounts under one roof. If you’re looking for reliability, high interest, and strong digital tools, Discover is hard to beat.
5. Synchrony Bank High Yield Savings
Synchrony Bank offers one of the highest APYs on this list at 4.50%, making it a top contender in 2025. Like others, it has no minimum deposit requirements or monthly fees. What sets Synchrony apart is its optional ATM card, which provides easier access to funds compared to many other online savings accounts that require transfers.
Synchrony is well-suited for customers who prioritize maximum interest rates while still wanting flexibility in accessing their money. The bank also offers a range of CDs and other savings products, allowing customers to diversify their savings strategy within the same platform.
6. Marcus by Goldman Sachs Online Savings
Marcus by Goldman Sachs continues to be a strong competitor in the high-yield savings account market. In 2025, Marcus offers an APY of 4.40% with no transaction fees and no minimum deposit requirements. Its biggest strength lies in simplicity—customers get a straightforward savings account without any unnecessary bells and whistles.
Marcus provides a clean, easy-to-use online interface and access to various financial tools, including personal loans and investment options. While it doesn’t offer a checking account, Marcus is perfect for savers who want to focus on growing their money in a dedicated savings environment.
7. Barclays Online Savings Account
Barclays is a globally recognized bank, and its online savings account in the U.S. continues to attract attention in 2025. With an APY of 4.35%, Barclays offers strong competition to domestic banks. It requires no minimum deposit, and there are no monthly fees, making it accessible to all savers.
Although Barclays doesn’t provide checking account services in the U.S., its savings product is highly reliable, backed by FDIC insurance and strong international reputation. It’s ideal for those who want a global banking name with competitive rates.
8. SoFi High-Yield Savings Account
SoFi is known as a fintech innovator, and in 2025, it offers one of the most feature-rich savings accounts available. With an APY of 4.60% (when direct deposit is set up), SoFi leads the pack in terms of interest rates. It also integrates checking services, investing platforms, and even crypto investing under one roof, providing a holistic money management experience.
SoFi’s mobile-first approach includes budgeting tools, credit score monitoring, and financial coaching, making it appealing for younger, tech-savvy savers. If you want more than just a savings account, SoFi stands out as a one-stop financial hub.
9. CIT Bank Savings Connect
CIT Bank specializes in online banking and consistently offers some of the highest savings rates. In 2025, its Savings Connect account provides an APY of 4.55% with no monthly maintenance fees. The account requires a $100 minimum opening deposit, which is slightly higher than some competitors, but the interest earned more than compensates for it.
CIT is particularly popular among savers who are looking for both high-yield savings and certificates of deposit (CDs). For customers willing to keep larger balances, CIT Bank offers multiple account types to maximize interest potential.
10. Vio Bank High Yield Online Savings
Vio Bank may not be as widely known as some of the bigger names, but it delivers one of the best APYs in 2025 at 4.60%. With a $100 minimum opening deposit and no monthly fees, Vio Bank appeals to those who want to squeeze the maximum return on their idle cash.
Its mobile and online banking platforms are intuitive, though customer support is not as extensive as larger banks. For pure rate chasers, however, Vio Bank offers one of the highest yields available this year.
Comparison: Banks 6–10
| Bank | APY (2025) | Minimum Deposit | Monthly Fees | Special Features |
|---|---|---|---|---|
| Marcus by Goldman Sachs | 4.40% | $0 | $0 | Simple platform, great reputation |
| Barclays | 4.35% | $0 | $0 | Trusted global brand |
| SoFi | 4.60% (with direct deposit) | $0 | $0 | Fintech tools, investing & credit monitoring |
| CIT Bank | 4.55% | $100 | $0 | Great for CDs & larger balances |
| Vio Bank | 4.60% | $100 | $0 | Top APY, simple online banking |
How to Choose the Best High-Yield Savings Account in 2025
With so many excellent choices, picking the right HYSA depends on your priorities. Here are some key factors to consider:
- APY: The higher the APY, the faster your money grows. Even small differences can add up over time.
- Minimum Balance: Look for accounts with low or no minimums if you’re just starting to save.
- Fees: Avoid accounts with maintenance fees, which can eat into your earnings.
- Access: Decide if you want ATM access or if online transfers are enough.
- Banking Ecosystem: Some prefer standalone savings, while others may want checking, investing, and loans under one platform.
Frequently Asked Questions (FAQs)
Are high-yield savings accounts safe?
Yes, as long as your account is with an FDIC-insured bank (or NCUA for credit unions), your deposits are insured up to $250,000 per depositor, per institution.
Can I lose money in a HYSA?
No, unlike stocks or crypto, HYSAs do not carry investment risk. Your principal is secure, and you simply earn interest.
What’s the average APY for savings accounts in 2025?
The national average for regular savings accounts hovers around 0.40%, but HYSAs commonly offer 4.25%–4.60% or higher in 2025.
How often is interest paid?
Most banks calculate interest daily and pay it monthly, helping your balance grow steadily over time.
Can I open multiple HYSAs?
Yes, many savers open multiple accounts for different goals—such as one for an emergency fund and another for a vacation fund.
Conclusion: Which Bank is Best in 2025?
All ten banks on this list provide excellent options, but the best choice depends on your needs. If you want the highest APY, Synchrony, SoFi, and Vio Bank stand out. If you want strong brand reliability, Discover, American Express, and Capital One are excellent picks. For a balanced experience, Ally remains a customer favorite thanks to its user-friendly features and dependable support.
Ultimately, the right high-yield savings account is the one that helps you save consistently while keeping your money safe. Compare APYs, check for fees, and consider how easily you can access your funds. By making an informed decision in 2025, you’ll ensure your savings grow efficiently and securely.