Don’t let your money just sit and do nothing. Savings account rates are as high as 5.00% APY right now, far above the national average. Stashing your money in one of these accounts is a quick and easy way to let your money grow.
Every day, we sift through the options to bring you only the best rates, saving you time and effort. Regardless of whether you’re saving for the future or the unknown, consider a high-yield savings account to maximize your earnings.
Here are some of today’s top high-yield savings account rates.
|
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 17, 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 now?
Got extra cash sitting stagnant in a standard savings account? Now’s a great time to make a change. With overall rates still high, high-yield savings accounts let your money grow steadily and securely.
Consider a high-yield savings account if:
- You want to earn more interest without locking away your money
- You appreciate safety — most accounts come with FDIC insurance
- You want easy online access with no or low fees
- You prefer flexibility over fixed terms
High-yield savings accounts offer returns comparable to CDs, except you won’t lose access to your money while it grows. They’re a perfect place to stash your cash for emergencies, home projects, or upcoming trips. 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.
