Your money isn’t doing you any good just sitting around. Right now, high-yield savings account rates can reach up to 5.00% APY, more than 10 times the national average. These accounts are an easy way to grow your funds, with very little work required.
We sort through the options daily, finding the top rates for you. Whether saving for later or just in case, a high-yield account can boost your earnings.
Check out today’s top rates for high-yield savings accounts.
|
Bank Account |
APY |
Minimum Account Balance |
|---|---|---|
|
Varo Savings |
up to 5.00% |
Max APY on up to $5,000, 2.50% APY after |
|
Axos ONE® |
up to 4.66% |
$1,500 |
|
Pibank Savings |
4.60% |
$0 |
|
Peak Bank Envision High Yield Savings |
up to 4.54% |
$100 to open, 2.02% APY on balances of $10,000,000 and above |
|
Presidential Bank Advantage Savings |
up to 4.50% |
$5,000 to open. Must maintain an Advantage Checking Account to be eligible for top APY. |
Data source: Issuing banks. Rates are accurate as of April 18, 2025.
Why we chose these savings accounts
The accounts above stood out to us for several key reasons:
- High APYs. These are among the most competitive interest rates available, helping your money grow faster.
- Low barriers to entry. Some accounts have low or no minimum deposit requirements to open or earn interest.
- Available nationwide. These banks let you open an account from anywhere in the U.S. without needing to join a local credit union.
- Online convenience. Every account listed can be opened and managed entirely online from your phone or computer.
Want to grow your money without locking it up?
High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.
Explore more options:
Should you open a high-yield savings account?
Have extra cash in a low-interest account? It’s time to make your money work harder. Right now, high-yield savings accounts are offering great rates as a result of the Federal Reserve holding rates steady.
Think about opening one if you:
- Want to earn more without locking up your money
- Like having FDIC insurance for peace of mind
- Need flexibility instead of a fixed term
- Want low fees and easy online access
These accounts let your money grow while staying accessible. They’re perfect for emergency funds, planned expenses, or short-term goals you aim to achieve soon. Don’t miss the chance to boost your savings. Click here to compare the best high-yield savings accounts and open one today.
How to open a high-yield savings account
Getting started with a high-yield savings account is easy and usually takes just a few minutes:
- Compare your options. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.
- Apply online. Most accounts can be opened from your phone or computer — no paperwork required.
- Fund your account. Link an existing checking or savings account and transfer the amount you want to deposit.
- Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.
- Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.