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Best Savings Accounts 2025

See our top picks for the best savings accounts.

Our #1 Choice
Our Partner
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SoFi Official Site

Earn 9x the National Average Rate

Earn 9x the National Average Rate

Limited Time Offer - New accounts earn a 0.20% APY boost to 4.00% for up to 6 months with eligible direct deposit*

  • $0 min. balance to earn APY
  • Open Checking & Savings Accounts with 1 Sign Up
  • Up to 2-Day-Early Paycheck3
  • FDIC Insured up to $250k plus up to $3M in supplemental insurance4
  • No Account Fees5 & No-fee Overdraft Coverage6

*Terms Apply

Open SoFi Account Today

#2
Our Partner
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AMEX Official Site

Earn a variable 3.50% APY* with American Express® High Yield Savings Account

  • No monthly fees1
  • $0 minimum balance required to open account1

  • Bank on the go with the American Express® App2

  • Member FDIC

*Rate as of 7/23/2025

View AMEX Offer

#3
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Synchrony Bank Official Site

Earn 3.80% APY* with Synchrony Bank High Yield Savings

  • No minimum balance to earn APY
  • No monthly fees
  • Manage accounts from your smartphone or tablet
  • FDIC Insured

*Rate as of 6/3/2025

View Synchrony Bank Offer

#4
Our Partner
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Barclays Official Site

Earn 3.90% APY* with Barclays' Tiered Savings

  • $0 min. balance to earn APY
  • No monthly maintenance fees
  • Easy direct deposits & online transfers
  • Deposits are FDIC Insured

*Rate as of 6/18/2025

View Barclays Offer

#5
Our Partner
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Discover Official Site

Earn 3.50% APY* with Discover™ Savings

  • $0 minimum balance to earn APY
  • $0 monthly fees and no min. opening deposit
  • No overdraft fees

*Rates as of 6/26/2025

View Discover Offer

#6
Our Partner
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U.S. Bank Official Site

Earn Up To 3.50% APY with U.S. Bank Smartly® Savings

  • Competitive interest rates to grow your savings
  • Unlock even higher rates. Earn up to 3.50% Annual Percentage Yield (APY) with a Bank Smartly® Checking, Safe Debit account or U.S. Bank Smartly™ Visa Signature Card® and combined qualifying balances of at least $100,000
  • Quick account opening online
  • No ATM transaction fees at U.S. Bank ATMs
  • Member FDIC

View U.S. Bank Offer

#7
Our Partner
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Alliant Official Site

Earn 3.10% APY* with Alliant Credit Union

  • Access to 80k+ in-network ATMs nationwide
  • $100 min. balance required to earn interest
  • Insured by NCUA

*Rate as of 7/25/2025

View Alliant Offer

Our #1 Choice
Our Partner
VIEW RATES
SoFi Official Site

Earn 9x the National Average Rate

Earn 9x the National Average Rate

Limited Time Offer - New accounts earn a 0.20% APY boost to 4.00% for up to 6 months with eligible direct deposit*

  • $0 min. balance to earn APY
  • Open Checking & Savings Accounts with 1 Sign Up
  • Up to 2-Day-Early Paycheck3
  • FDIC Insured up to $250k plus up to $3M in supplemental insurance4
  • No Account Fees5 & No-fee Overdraft Coverage6

*Terms Apply

Open SoFi Account Today

What is a High Yield Savings Account?

A high-yield savings account is a great way to grow your savings faster, as it usually offers a higher interest rate than traditional savings accounts. Many are offered by online banks, which helps keep fees low, and you can often start earning interest with no big balance requirements. Plus, just like regular savings accounts, your money is typically protected by FDIC insurance, giving you peace of mind while your savings grow.

Compare Online Savings Accounts

Below, we've compared some of the top-rated online banks offering high-yield savings accounts, so you can easily see which ones provide the best interest rates, low fees, and flexible terms to help you grow your savings faster.

 

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SoFi®️ High Yield Savings Account

Account Overview:

SoFi's High-Yield Savings Account offers up to 3.80% APY¹ when you set up direct deposit, significantly above the national average. The account requires no minimum balance and is designed for savers seeking flexibility and higher returns.

Fees:

There are no monthly maintenance fees, no minimum balance requirements, and no overdraft fees. However, certain transactions may incur fees, such as out-of-network ATM withdrawals.

Perks & Benefits:

Interest is compounded daily and credited monthly, maximizing your savings growth. SoFi provides access to over 55,000 fee-free ATMs, early direct deposit access up to two days, and tools like Vaults and Roundups to help you automate your savings. Additionally, deposits are FDIC insured up to $3 million through the SoFi Insured Deposit Program.

SEE OFFER
Earn up to 3.80% APY* & up to $300 Cash Bonus with Direct Deposit.**
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American Express Personal Savings Accounts

Account Overview:

The American Express® High Yield Savings Account offers a competitive Annual Percentage Yield (APY) that is typically higher than traditional savings accounts. Interest is compounded daily and credited monthly, helping your savings grow more efficiently. You can open an account online in just a few minutes.

Fees:

There are no monthly maintenance fees and no minimum balance requirements. However, standard transaction fees may apply for certain services not directly related to maintaining the account.

Perks & Benefits:

Enjoy 24/7 customer support, easy online account management, and FDIC insurance protection up to the legal limits. The account also offers the convenience of transferring funds, setting up auto-deposits, and managing your account online or through the American Express® App. 

SEE OFFER
Earn a variable 3.50% APY* with American Express® High Yield Savings
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Synchrony Bank Savings Accounts

Account Overview:

Synchrony Bank's High Yield Savings Account offers a competitive 3.80% APY* with no minimum deposit or balance requirements. Interest is compounded daily and credited monthly, providing a straightforward way to grow your savings.

Fees:

There are no monthly maintenance fees, no minimum balance requirements, and no hidden fees. However, standard transaction fees may apply for excessive withdrawals or specific services not directly related to maintaining the account. For instance, outgoing wire transfers incur a $25 fee, and ATM operator fees may apply, though Synchrony reimburses up to $5 per statement cycle for domestic ATM fees.

Perks & Benefits:

The account includes an optional ATM card for convenient access to funds, with ATM fee reimbursements up to $5 per statement cycle. Synchrony also offers a rewards program, providing additional benefits for account holders. Deposits are FDIC insured up to the legal limits, ensuring your savings are protected. The account is managed entirely online, with mobile check deposit and electronic transfer options available for easy account funding and management.

SEE OFFER
Earn 3.80% APY* with Synchrony Bank High Yield Savings
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Barclays Savings Accounts

Account Overview:

Barclays offers a tiered savings account that features no monthly maintenance fees, and interest is compounded daily to help maximize savings.

Fees:

There are no monthly maintenance fees, no minimum balance requirements, and no hidden fees. However, standard transaction fees may apply for excessive withdrawals or other specific services not directly related to maintaining the account.

Perks & Benefits:

The Barclays tiered savings account offers several perks and benefits, including competitive interest rates that increase with higher balances, daily compounded interest to maximize earnings, and no monthly maintenance fees. Additionally, the account provides easy access to funds through online and mobile banking, as well as FDIC insurance protection up to the legal limits.²

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Open a Barclays Tiered Savings Account & Start Earning 3.90% APY*
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Discover™ Online Savings Account

Account Overview:

Discover’s Online Savings Account offers a 3.50% APY* and requires a $0 minimum opening deposit, designed for those seeking a straightforward savings option with a competitive interest rate.

Fees: 

No monthly maintenance fees, no minimum balance requirements, no fees for insufficient funds, and no fees for expedited delivery for official bank checks or excessive withdrawals.

Perks & Benefits:

Discover’s Online Savings Account is FDIC-insured up to the maximum amount allowed by law: $250,000,² which may apply to retirement accounts. It provides 24/7 access through online banking and a mobile app, with no fees for incoming wire transfers. Additionally, it allows easy linking of external accounts for transfers.

SEE OFFER
Open a Discover High-Yield Savings Account & Start Earning 3.50% APY.*
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US Bank Smartly® Savings

Account Overview:

U.S. Bank Smartly® Savings account offers tiered interest rates that grow with your balance. Pairing it with a Smartly® Checking or Safe Debit account can unlock higher returns based on balance tier.

Fees:

A $5 monthly maintenance fee applies but can be waived if you hold an eligible checking account or meet other qualifying criteria. The account requires a $25 minimum deposit to open.

Perks & Benefits:

This account includes digital budgeting tools, FDIC insurance, and the ability to automate savings, helping users manage their finances effectively.

SEE OFFER
Earn high returns with a U.S. Bank Smartly® Savings account.

 

To recap our top selections…

Our Standout Savings Accounts Picks

SoFi's Disclaimers:

¹ APY Disclosures: SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.

² Up to $300 Bonus Tiered Disclosure: New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit.
If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.

³ Fee Policy: We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.

⁴ ATM Access: We've partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at their discretion at any time. 

⁵ Overdraft Coverage: Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.

⁶ Early Access to Direct Deposit Funds: Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

⁷ Additional FDIC Insurance: SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.

Barclays Disclaimers:

* Barclays Tiered Savings Annual Percentage Yields (APYs) are accurate as of 01/13/2025 and may change at any time without prior notice, before or after the account is opened. The APYs are determined by the Balance Tiers (Tiers) and the amount deposited. The same rate may apply to multiple Tiers and Tiers may change without notice. APY is calculated based on the Tier into which the end of day account balance falls. Fees could reduce the earnings on the account. No minimum balance to open, but for interest to post to your account you must maintain a minimum balance that would earn you at least $0.01. Please see the Compare Account Page for current Tier and APY information. The APY for the Barclays Tiered Savings account for balance tiers greater than $250,000 are currently 10X the national average of 0.46% APY, based on the national average of savings account rates published in the FDIC's National Rates and Rate Caps, accurate as of 09/16/2024.

CIT Bank Disclaimers:

* Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of June 12, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 4.00% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.

Discover Disclaimers:

*The Annual Percentage Yield (APY) for the Online Savings Account as of 04/25/2025 is more than five times the national average APY for interest bearing savings accounts with a balance of $500 as reported by Curinos as of 04/25/2025. National average is based on information regarding the top 50 banks (by deposit size) and may not include information from variations in regional pricing at such banks or information from products that may not be widely available to their customers. Rates were obtained from Curinos, who relies on the data from the banks it tracks and such information cannot be guaranteed. APYs are subject to change at any time.

American Express Disclaimers:

*The Annual Percentage Yield (APY) as advertised is accurate as of 07/23/2025. Interest rate and APY  are subject to change at any time without notice before and after a High Yield Savings Account is opened.  Interest Rate and APY of a Certificate of Deposit account is fixed once the account is funded.

1. There is no minimum balance required to open your Account, to avoid being charged a fee, or to obtain the Annual Percentage Yield (APY) disclosed to you.

2. iOS and Android™ only. See app store listings for operating system info.

Synchrony Bank Disclaimers:

*Annual Percentage Yield (APY) is subject to change at any time without notice. Offer applies to personal accounts only. Fees may reduce earnings. For High Yield Savings accounts, the rate may change after the account is opened. Visit synchrony.com/banking for current rates, terms and account requirements. Member FDIC.

Alliant Credit Union's Disclaimers:

*The savings dividend provides an Annual Percentage Yield (APY) of 3.10%. The APY is accurate as of the 7/25/2025 dividend declaration date. Dividends are paid on the last day of the month to accountholders who have maintained an average daily balance of $100 or more. Savings dividend may change after account is opened and is subject to change at any time. Dividend applies to Savings, Supplemental Savings, Emergency Savings, Kids Savings Accounts, UTMA Custodial Accounts, Trust Accounts and IRA. Fees may reduce earnings on the account.