10 Best High-Yield Savings Accounts in the US (2025)
Are you tired of your money sitting in a regular savings account, earning almost nothing? You’re not alone. Many Americans don’t realize that high-yield savings accounts can earn you 10–20 times more interest than traditional accounts.
A high-yield savings account is an easy and safe way to grow your money while keeping it accessible for emergencies. In this article, we’ll cover the 10 best high-yield savings accounts in the US for 2025, their features, pros and cons, and tips for choosing the right one. By the end, you’ll know exactly where to put your money to make it work harder for you.
What is a High-Yield Savings Account?
A high-yield savings account is basically a savings account with higher interest rates than a standard bank account. Your money stays safe, FDIC-insured, and easily accessible. The main difference is how much interest your money earns over time.
Pro Tip: Always check that the account is FDIC-insured, which protects your deposits up to $250,000. Most high-yield accounts are online-only, which is why they can afford to offer higher rates compared to traditional banks.
Why You Should Consider One
1. Higher Interest Rates – Your money grows faster compared to regular savings accounts.
2. Low Risk – FDIC insurance ensures your money is protected.
3. Easy Access – Most accounts are online with apps and mobile banking features.
4. No Hidden Fees – Many high-yield accounts come with no monthly maintenance fees.
5. Financial Discipline – Saving regularly in a dedicated account helps build better money habits.
Top 10 High-Yield Savings Accounts (2025)
1. Ally Bank – 4.0% APY, $0 min balance, no monthly fees, easy online access
2. Marcus by Goldman Sachs – 3.9% APY, $0 min balance, simple setup, competitive rates
3. Discover Bank – 3.8% APY, $0 min balance, reliable and FDIC insured
4. CIT Bank – 4.1% APY, $100 min balance, great online tools
5. American Express Savings – 3.85% APY, $0 min balance, no monthly fees
6. Synchrony Bank – 3.9% APY, $0 min balance, high APY and perks for long-term savings
7. Capital One 360 – 3.7% APY, $0 min balance, easy mobile banking
8. Vio Bank – 4.0% APY, $100 min balance, bonus for initial deposits
9. FNBO Direct – 3.85% APY, $1 min balance, simple online interface
10. Barclays Online Savings – 3.8% APY, $0 min balance, reliable bank with competitive rates
How to Choose the Right Account
- Compare APY Rates: Higher APY = more money earned.
- Check Minimum Balance Requirements: Some accounts need $100+ to open.
- Look for Fees: Avoid accounts with monthly maintenance or hidden fees.
- Accessibility: Make sure you can easily transfer money online.
- Customer Support: Good support matters in case of issues.
Pro Tip: Open multiple accounts if necessary – one for emergency savings and one for short-term goals.
FAQs
Q: Are high-yield savings accounts safe?
A: Yes! As long as the bank is FDIC-insured, your money is protected up to $250,000.
Q: Can I withdraw money anytime?
A: Yes, most online accounts allow easy transfers to your checking account.
Q: Do I need a lot of money to start?
A: Not at all! Most accounts allow you to start with $0–$100.
Conclusion + CTA
High-yield savings accounts are one of the easiest ways to make your money grow faster without any risk. Start saving today and watch your money work for you.
CTA: Check Latest Rates & Open Your High-Yield Savings Account Today