The Best High-Yield Savings Accounts to Maximize Your Money in 2025 | Best High-Yield Saving Account 2025
In 2025, having the right savings account isn’t just about convenience—it’s about making your money work for you. If you’re still using traditional big-name banks like Chase, Wells Fargo, or Bank of America, you might be leaving hundreds, even thousands, of dollars on the table in lost interest. These banks offer savings rates as low as 0.01% APY, meaning you’d earn just $1 annually on $10,000 saved.
On the flip side, the national average savings rate is currently 0.42% APY, with high-yield savings accounts offering up to nine times more. With some of the best accounts paying 3.80% to 4.75% APY, that same $10,000 could generate $400 or more per year. Here, we’ll explore the top seven high-yield savings accounts for 2025, along with a few honorable mentions. Let’s dive in!
1. Capital One 360 Performance Savings
- APY: 3.80%
- Why It Stands Out: Best Hybrid Banking Experience
Capital One’s 360 Performance Savings Account offers an attractive 3.80% APY and combines the best of online and in-person banking. With no fees, no minimum deposit, and FDIC insurance, it’s a solid choice for savers. Capital One’s tech-savvy approach includes Capital One Cafés and branches, giving you the flexibility to bank how you prefer.
Additionally, setting up multiple savings accounts for different goals is effortless, with features like automatic transfers to help you build savings habits.
2. SoFi Checking and Savings
- APY: Up to 4.00% (savings); 0.50% (checking)
- Why It Stands Out: Best Overall Banking Platform
SoFi offers a combined checking and savings account with competitive rates: up to 4.00% APY on savings and 0.50% APY on checking. To unlock the highest savings rate, you’ll need to set up direct deposits. Additional perks include:
- No fees or minimum balance requirements
- FDIC insurance up to $2 million
- “Vault” feature for sub-accounts to manage goals like travel or holiday expenses
- A sign-up bonus of up to $300 for qualifying direct deposits
SoFi’s app also links your external accounts, giving you a comprehensive view of your finances.
3. Ally Bank Online Savings Account
- APY: 3.80%
- Why It Stands Out: Best Features
Ally Bank offers 3.80% APY with no fees or minimums. Their standout features include:
- Buckets: Organize savings for specific goals like vacations or emergencies.
- Boosters: Tools like recurring transfers, round-ups from spending, and automated savings optimization.
Ally’s intuitive tools make it easy to manage and grow your savings.
4. Marcus by Goldman Sachs
- APY: 3.90%
- Why It Stands Out: Simple Yet Effective
Marcus offers 3.90% APY with no fees or minimums. It’s a straightforward, no-frills option for those who prioritize simplicity. Same-day transfers for amounts under $100,000 make managing your money convenient. Marcus also supports Apple Savings, but you’ll need an Apple Card to access it.
5. American Express High-Yield Savings
- APY: 3.80%
- Why It Stands Out: Best Checking Account Companion
American Express pairs their savings account with Rewards Checking, offering 1.00% APY and the ability to earn Membership Rewards points. Their excellent customer service and seamless app experience make this a great choice for savers looking to earn rewards.
6. Discover Online Savings
- APY: 3.75%
- Why It Stands Out: Best for Cashback Enthusiasts
Discover’s Cashback Debit Account lets you earn 1% cashback on up to $3,000 in monthly purchases, alongside their 3.75% APY savings account. While it doesn’t pay interest on checking balances, Discover’s reputation for stellar customer service makes it a strong contender.
7. Highest Rates: LendingClub and Bask Bank
- APY: 4.75% (LendingClub); 4.50% (Bask Bank)
- Why They Stand Out: Highest APYs
For those prioritizing the highest interest rates, LendingClub’s Level Up Savings Account (4.75% APY) and Bask Bank’s Interest Savings Account (4.50% APY) lead the pack. Bask Bank also offers a Mileage Savings Account for earning American Airlines miles.
Honorable Mentions: Cash Management Accounts
While not traditional bank accounts, cash management accounts like these can offer competitive rates and features:
- Wealthfront Cash: 4.25% APY
- Betterment Cash Reserve: 4.25% APY
- Fidelity Cash Management Account: 4.10%
- Vanguard Cash Plus: 3.90%
These accounts are backed by third-party banks for FDIC insurance but lack the direct protection of a savings account. Use them cautiously, focusing on reputable providers.
Final Thoughts
Choosing the right high-yield savings account in 2025 can significantly impact your financial growth. Whether you value high APYs, robust features, or simple, effective banking, there’s an option for everyone. Pairing your savings with a cashback or rewards checking account can further enhance your financial strategy.
Pro Tip: Once your savings are sorted, don’t forget to optimize your spending with the best credit cards. Check out our related guide for top recommendations!
