10 Best High-Yield Savings Accounts in USA (Top APYs)

Finding the right place to grow your money has become a top priority for Americans in 2025. Traditional savings accounts still offer extremely low interest rates, often below 1% APY, but high-yield savings accounts now provide much higher returns in some cases above 5% APY. These accounts allow you to earn more while keeping your money safe in FDIC insured savings accounts or NCUA insured credit unions.

With rising living costs and inflation, the best banks for savings in the USA are competing to attract customers by offering some of the highest APY savings accounts we have seen in years. Whether you prefer online savings accounts with no fees or a credit union with strong customer support, choosing the right HYSA can make a big difference in how much interest you earn.

In this guide, we’ll review the 10 best high-yield savings accounts in the USA for 2025, compare their APYs, minimum balance requirements, pros, and cons, and explain which accounts are best for different types of savers.

If you are exploring more options, you may also want to check our upcoming resources on best money market accounts USA 2025 and high-yield CDs vs savings accounts, where we compare other safe places to grow your savings. And for beginners, our guide on how to start an emergency fund in USA will show you how to set aside money step by step.

What Is a High-Yield Savings Account?

A high-yield savings account, often called HYSA, is a type of savings account that pays a much higher annual percentage yield (APY) than a regular bank account. Traditional savings accounts at most brick-and-mortar banks often pay less than half a percent in interest, while many online savings accounts with high interest rates offer over 4 percent APY today.

The difference comes from how these banks operate. Most high-yield savings accounts are offered by online banks or digital-first credit unions. Since they do not spend as much on branches and overhead, they can pass those savings on to customers by offering better interest rates.

How They Work

When you deposit money into a high-yield savings account, the bank uses those funds for lending and other financial activities. In return, it pays you interest, usually calculated daily or monthly, and then compounds it into your account balance. This allows your money to grow steadily without the risks that come with stocks or bonds.

For example, if you deposit $10,000 in a high-yield savings account at 4.5 percent APY, you could earn around $450 in interest in one year. That is a big difference compared to the $10 or $20 you might receive in a traditional account.

Safety and Accessibility

High-yield savings accounts are among the safest ways to keep your money. Most banks are FDIC insured and most credit unions are NCUA insured, which means your deposits are protected up to $250,000 per individual at each institution. You can also move money easily between checking and savings accounts through online banking or mobile apps, although withdrawals may be limited to a certain number per month.

Who Should Consider a HYSA

• People building an emergency fund (see our upcoming guide on how to start an emergency fund in USA)
• Savers who want low-risk growth without investing in the stock market
• Families saving for short-term goals such as vacations, weddings, or car purchases
• Anyone searching for the highest APY savings account in the USA to help offset inflation

If you are deciding between different types of savings products, you may also want to read our comparison of money market accounts vs savings accounts, where we explain the trade-offs in flexibility and earning potential.

Why High-Yield Savings Accounts Are Important Right Now

For years, traditional savings accounts have offered little growth, often paying rates so low that your money barely kept up with inflation. Things have changed in recent times. High-yield savings options now give everyday savers a chance to earn stronger returns without taking on extra risk. This makes them one of the most practical tools for people looking to build wealth steadily.

Key Reasons to Consider High-Yield Accounts

• Keeping Ahead of Inflation: Rising living costs mean your savings need to work harder. A best online savings account offers higher interest, helping your money hold its value over time.
• Stronger Emergency Fund: Parking your emergency cash in a best high-yield savings account ensures that your safety net not only sits ready but also grows quietly in the background.
• Low Risk, Steady Growth: Unlike investing in the market, these accounts are federally insured, so your deposits remain secure while still earning interest.
• Motivation to Save More: Watching your balance grow in a high-interest savings account can encourage better saving habits, even if you’re only adding small amounts each month.
• Made for Digital Banking: Many top online banks deliver high-yield accounts with smooth mobile apps, fast transfers, and easy management, fitting perfectly into modern financial lifestyles.

Right now, these accounts matter more than ever. They provide a rare mix of safety and solid returns, something hard to find in today’s financial market. By opening a high-yield savings account with trusted online banks, you can grow your savings steadily while keeping your money fully accessible for when you need it most.

Top 10 Best High-Yield Savings Accounts in USA

Below are ten high-yield savings accounts available right now. Each option is FDIC or NCUA insured, offers a strong APY, and has features that may make it the right choice depending on your goals.

1. Varo Bank – Up to 5.00% APY

APY: 5.00% on balances up to $5,000 if requirements are met, 2.50% on balances above $5,000.

Requirements: Receive at least $1,000 in direct deposits each month and maintain positive balances in both Varo checking and savings.

Minimum Deposit: None

• Pros: One of the highest APYs available, no monthly fees, user-friendly app with automatic savings tools.
• Cons: Top rate applies only to the first $5,000, and requirements must be met monthly.
• Best for: Everyday savers who have steady direct deposits and want high returns on smaller balances.

2. AdelFi Credit Union – Up to 5.00% APY (Promotional)

APY: 5.00% APY on promotional accounts for balances up to $5,000, 2.25% APY for $5,000 to $10,000, then standard rates.

Requirements: Must use a promo code and deposit new funds not already at AdelFi.

Minimum Deposit: $25 to open

• Pros: Excellent promo rate, NCUA insured, member-focused services.
• Cons: Limited to new members and capped balances, eligibility rules apply.
• Best for: New savers who can qualify for membership and want a top promotional rate.

3. FitnessBank – Up to 4.75% APY

APY: Up to 4.75% when combining Fitness Savings with Elite Checking and meeting activity goals; around 4.45% with savings only.

Requirements: Step tracking via mobile app, $5,000 average balance for top tier, debit card activity for Elite accounts.

Minimum Deposit: $100 to open

• Pros: Unique fitness linked rewards, strong APY potential, FDIC insured.
• Cons: Requirements are more complex and depend on physical activity and balances.
• Best for: Active people who want to link fitness goals with financial rewards.

4. Axos Bank – Around 4.46% APY

APY: ~4.46% when requirements are met (may vary by account type).

Requirements: Often requires a $1,500 balance or direct deposits to qualify.

Minimum Deposit: None for basic accounts

• Pros: Established online bank, competitive rate, no monthly maintenance fees.
• Cons: Some APYs require balance or deposit conditions.
• Best for: Savers who prefer a well-known digital bank with consistent features.

5. Pibank – Around 4.60% APY

APY: ~4.60% on savings balances.

Requirements: No strict requirements for most accounts.

Minimum Deposit: None

• Pros: High APY, no monthly service fees, simple mobile banking.
• Cons: Limited physical presence, fewer account types compared to larger banks.
• Best for: People who want a clean, no-hassle savings account with solid returns.

6. Vibrant Credit Union – Around 4.50% APY

APY: ~4.50% on high-yield savings balances.

Requirements: Must qualify for membership (eligibility rules apply).

Minimum Deposit: Typically low, depending on membership.

• Pros: Strong rate, NCUA insured, member benefits from credit union model.
• Cons: Membership restrictions, some APY caps on balances.
• Best for: Savers who prefer the credit union experience and personal service.

7. Presidential Bank – Around 4.50% APY

APY: ~4.50% for larger balances.

Requirements: $5,000 or more typically required to qualify for top APY.

Minimum Deposit: $5,000

• Pros: High APY for big deposits, FDIC insured, strong online platform.
• Cons: High entry barrier for smaller savers.
• Best for: Individuals with significant savings who want strong protection and high yield.

8. Bread Savings – Around 4.25% APY

APY: ~4.25% on balances.

Requirements: No special requirements.

Minimum Deposit: $100 to open

• Pros: Reliable APY, no monthly fees, FDIC insured.
• Cons: Slightly lower rates than top competitors, no physical branches.
• Best for: Online-only savers looking for stability and simple account terms.

9. Newtek Bank – Around 4.35% APY

APY: ~4.35% on balances.

Requirements: May vary by state; generally no strict balance requirement.

Minimum Deposit: None for many accounts.

• Pros: Good APY, straightforward setup, FDIC insured.
• Cons: Limited availability in certain regions.
• Best for: Savers who want a clean, no-frills high-yield savings account.

10. Zynlo Bank – Around 4.35% APY

APY: ~4.35%

Requirements: None

Minimum Deposit: None

• Pros: Competitive rate, FDIC insured, fully digital platform.
• Cons: Less recognized name compared to larger banks.
• Best for: New savers who want a strong APY without minimums or restrictions.

How to Choose the Best High-Yield Savings Account

Finding the right high-yield savings account is not just about chasing the highest advertised APY. The best choice depends on your savings goals, lifestyle, and how much effort you are willing to put into meeting account requirements.

Key Factors to Consider

• Annual Percentage Yield (APY): Look for accounts with a consistently competitive APY. Be aware of promotional rates and whether the high APY applies only up to a certain balance.
• Minimum Balance Requirements: Some banks let you open an account with no deposit, while others may require $1,000 or more. Choose an option that matches your current savings.
• Monthly Fees: The best accounts usually charge no maintenance fees. Even a small monthly fee can reduce your interest earnings significantly.
• Accessibility: Decide whether you prefer a fully digital bank, a credit union with branch access, or a hybrid option. If you want a seamless online experience, check out our guide on Best Online Banks in USA.
• Account Restrictions: Some banks tie higher APYs to direct deposits, debit card usage, or balance thresholds. For accounts with minimal requirements, you can also compare No-Fee Checking Accounts.
• FDIC/NCUA Insurance: Always verify that the bank or credit union is federally insured so your money is protected up to $250,000. If you’re deciding between different savings tools, our guide on CD vs Savings: Which is Better? can help clarify your options.

Choosing the right high-yield savings account comes down to matching your financial goals with the account’s features. By considering the APY, minimum balance requirements, fees, accessibility, and any special conditions, you can maximize your savings, grow your money safely, and make the most of the high-yield opportunities available today.

Tips to Maximize Your Savings with High-Yield Accounts

Even with a competitive APY, how you manage your high-yield savings account can significantly affect how fast your money grows. By adopting simple strategies and making use of modern banking tools, you can maximize interest earnings without taking unnecessary risks.

• Automate Your Savings

  Setting up recurring transfers from your checking account to your savings ensures consistent growth. Many automatic savings tools for beginners allow you to round up purchases or schedule regular deposits, making saving effortless.

• Use Online Bank Advantages

  Digital banks often offer higher rates due to lower overhead costs. Look for no-fee online savings accounts with high APY that provide free transfers, mobile check deposits, and easy account monitoring to make saving easier.

• Combine Your Accounts

  If you have small balances scattered across different banks, consolidating into a best high-yield account for emergency funds can simplify management and ensure your entire balance earns the maximum interest.

• Watch for APY Fluctuations

  High-yield savings rates can change over time. Comparing options through flexible APY savings accounts helps you make sure your money always earns the best possible return.

• Understand Balance Caps

  Some accounts offer their highest APY only up to a certain balance. Reviewing account terms carefully ensures you maximize interest without exceeding limits, using a smart high-yield account strategy to grow your savings efficiently.

By following these strategies, you can make your savings work harder while keeping your money secure and accessible. A thoughtful approach using the right accounts and tools helps you achieve your financial goals faster, whether building an emergency fund or saving for short-term needs.

Compare the 10 Best High-Yield Savings Accounts

Choosing the right high-yield savings account can significantly impact how fast your money grows. With so many options available, it's important to compare accounts side by side based on interest rates, minimum balance requirements, fees, and special features. This ensures you pick the account that best aligns with your financial goals, whether it's building an emergency fund, saving for a short-term goal, or simply earning more on your cash.

When evaluating accounts, consider these key factors:

• APY (Annual Percentage Yield): Higher APY means faster growth of your savings.
• Minimum Balance Requirements: Some banks require a minimum deposit to earn top interest.
• Monthly Fees: Avoid accounts with maintenance fees that can eat into your earnings.
• Special Features: Benefits like mobile apps, automatic savings tools, or cash bonuses can add convenience and value.

This table helps you quickly identify which accounts meet your needs. For example:

• If you want no minimum balance, accounts like Varo Bank, Pibank, and Vibrant Credit Union are ideal.
• For highest APY, Fitness Bank and Varo Bank top the list.
• If you want extra features like fitness tracking integration, consider Fitness Bank.

Comparing multiple high-yield savings accounts ensures you make the most of your money without unnecessary fees or limitations. Use this guide to select the account that fits your savings strategy, and take advantage of accounts that combine strong APY, flexible terms, and helpful features. For additional guidance, explore our other resources on best online banks in USA and high-interest savings accounts to make fully informed decisions.

Conclusion: Choosing the Best High-Yield Savings Account

Selecting the right high-yield savings account can significantly impact your financial growth and help you earn more interest compared to traditional savings accounts. By comparing APY rates, minimum balance requirements, monthly fees, and account features, you can find the best account that aligns with your financial goals.

High-yield savings accounts are ideal for building an emergency fund, saving for short-term goals, or maximizing returns on your cash reserves. They offer liquid savings options, FDIC protection, and tools like automatic savings transfers to help your money grow efficiently.

To make the most of your account, consider automating your deposits, maintaining balances above the minimum requirement, and reviewing high-interest savings accounts regularly to take advantage of competitive rates. For more guidance on growing your money effectively, explore resources on best online banks, no-fee savings accounts, and flexible APY savings accounts.

By following these strategies and using this comprehensive guide, you can confidently choose a high-yield savings account that fits your lifestyle and helps you achieve your financial goals faster while keeping your funds safe and accessible.