Below are the best-performing HYSAs based on APY, customer service, fees, and features.
1. SoFi Checking & Savings — 4.60% APY
SoFi has quickly become one of America’s best online banks. Their savings account offers some of the highest rates, with zero account fees.
Why It’s the Best Overall:
- Up to 4.60% APY
- No minimum balance
- No monthly fees
- $2M+ in FDIC insurance through partner banks
- Early paycheck access
Best For:
People who want both high interest and premium app experience.
2. Ally Bank — 4.25% APY
Ally is one of the most trusted online-only banks in the U.S. with consistently high yields.
Pros:
- 4.25% APY
- 24/7 support
- No minimum deposit
- Amazing mobile app
- Buckets feature for organizing savings goals
Best For:
User-friendly experience + long-term saving.
3. American Express High-Yield Savings — 4.35% APY
Perfect for those who trust Amex and want stable returns.
Benefits:
- 4.35% APY
- No fees
- No minimum balance
- Strong security
Best For:
People already using American Express credit cards.
4. Discover Online Savings — 4.25% APY
Discover is known for transparent fee structure and excellent customer support.
Pros:
- 4.25% APY
- Zero monthly fees
- No minimum requirement
- Big-brand trust
Best For:
Those who want a simple, reliable savings account.
5. Marcus by Goldman Sachs — 4.40% APY
Goldman Sachs provides one of the most stable and reputable high-yield accounts.
Highlights:
- 4.40% APY
- No transaction fees
- Optional no-penalty CDs
- Trusted financial institution
Best For:
Safe, long-term saving with brand trust.
6. CIT Bank Savings Connect — 4.65% APY
CIT Bank offers one of the highest APY rates in the U.S. right now.
Why It Stands Out:
- 4.65% APY
- Low minimum opening deposit ($100)
- No monthly service fees
Best For:
Serious savers who want great returns.
7. Barclays Online Savings — 4.35% APY
Barclays offers one of the simplest and most stable HYSA options.
Pros:
- 4.35% APY
- No minimum
- No monthly fees
- Auto-transfer tools
Best For:
Beginners who want easy savings without complications.
8. Capital One 360 Performance Savings — 4.25% APY
Capital One combines high interest with physical branches (rare for HYSAs).
Benefits:
- 4.25% APY
- Zero fees
- Hybrid online + physical branch support
- Best-in-class mobile app
Best For:
People who prefer a traditional bank experience.
9. Varo Savings Account — Up to 5.00% APY
Varo offers one of the highest APYs, but with conditions.
How It Works:
- 3.00% APY by default
- 5.00% APY if you meet monthly requirements (direct deposit + balance rules)
Best For:
Users with regular income deposits.
10. Fidelity Cash Management — 2.72% APY (But More Benefits)
While the APY is lower, Fidelity offers unmatched flexibility.
Benefits:
- FDIC protection through multiple partner banks
- Unlimited ATM reimbursements worldwide
- Perfect for investing + saving in one place
Best For:
Investors who want hybrid cash management.
How to Choose the Best High-Yield Savings Account (2025 Guide)
Before opening a HYSA, compare these essential factors:
✔ APY (Interest Rate)
Higher is better — but also check consistency.
✔ Fees
Choose accounts with:
- No monthly fees
- No minimum balance fees
- No withdrawal fees
✔ FDIC Insurance
Ensure the account is insured up to $250,000.
✔ Accessibility
Look for fast transfers & an easy-to-use mobile app.
✔ Customer Support
A quick support system is important for emergencies.
How Much Can You Earn? (Real Numbers)
Let’s assume you deposit $10,000 in a high-yield savings account.
Traditional Bank (0.01% APY):
You earn $1 per year.
High-Yield Account (4.5% APY):
You earn $450 per year, completely risk-free.
That’s a 449x increase in earnings just by switching banks.
Why High-Yield Savings Accounts Are So Popular in 2025
- Stock market volatility made people look for safer options.
- High inflation increased demand for better returns.
- Online banks have lower expenses, so they offer higher APY.
- Americans want fast liquidity — unlike CDs or bonds.
- FDIC insurance makes it completely risk-free.
Who Should Use a HYSA?
A high-yield savings account is perfect for:
- Emergency fund
- Short-term savings (1–3 years)
- Vacation fund
- New home savings
- Car purchase
- Medical fund
- Side income parking
- Business cash reserves
If you need safety + flexibility + high interest, a HYSA is ideal.
Final Thoughts
High-yield savings accounts in 2025 offer some of the most attractive risk-free returns we’ve seen in years. With APYs around 4–5.5%, zero fees, and strong FDIC protection, they are a must-have for every U.S. household.
Whether you’re building an emergency fund or saving for short-term goals, choosing the right HYSA can help your money grow faster — safely and effortlessly.