Best High-Yield Savings Accounts In The USA

Best High-Yield Savings Accounts in the USA – 2025

Published on June 19, 2025 | By WealthFusions Team

Table of Contents

💵 Best High-Yield Savings Accounts – 2025

With FDIC‑insured accounts now offering APYs around **4–5%**, here are the top picks worth considering:

Bank	APY	Min Deposit
Poppy Bank	5.50%	$0
UFB Direct	5.25%	$0
Varo Bank	5.00%	$0
FitnessBank	5.00%* (with 12,500 steps/day)	$100
Axos ONE	4.66%	$1,500
Openbank	4.40%	$500
Bread Savings / BrioDirect / My Banking Direct	≈4.30%	$100–$5,000

🔍 Tip: These rates are from June 2025 — grab them while they last. If fixed guarantees matter more than liquidity, consider no‑penalty CDs. :contentReference[oaicite:1]{index=1}

📌 Why It Matters

HYSA APYs (≈4–5%) far exceed traditional bank rates (~0.01%) :contentReference[oaicite:2]{index=2}
Online banks offer FDIC/NCUA insurance, no or low fees
Mobility and accessibility make funds available anytime
Consider switching 1–2x annually to chase top rates :contentReference[oaicite:3]{index=3}

Looking to maximize your savings in 2025? A high-yield savings account (HYSA) is one of the safest and most effective ways to grow your money without risking it in the stock market. With average traditional savings rates around 0.45%, a HYSA offering 4% or more can dramatically boost your returns.

This guide compares the top high-yield savings accounts in the U.S. for 2025, including their APYs, fees, minimum balance requirements, and digital features. Whether you’re building an emergency fund or saving for a major purchase, we’ll help you find the right account to meet your financial goals.

Top High-Yield Savings Accounts – Quick Comparison

Bank	APY	Monthly Fees	Min. Balance	Mobile App	FDIC Insurance
Synchrony Bank	4.75%	$0	$0	Yes	Yes
SoFi	4.60%*	$0	$0	Yes	Yes
Ally Bank	4.40%	$0	$0	Yes	Yes
Discover Online Savings	4.35%	$0	$0	Yes	Yes
Marcus by Goldman Sachs	4.50%	$0	$0	Yes	Yes

*SoFi APY requires direct deposit. Rates as of June 2025. Subject to change.

1. What is a High-Yield Savings Account?

A high-yield savings account is a federally insured account that offers an annual percentage yield (APY) far above the national average. In 2025, traditional banks offer 0.40–0.60% APY, while top online HYSAs offer 4.35%–4.75%.

Benefits include:

Compound interest paid daily or monthly
No or low fees
Liquidity — withdraw anytime
FDIC or NCUA insured up to $250,000

2. Key Features to Look For

High APY: Aim for ≥ 4.50% in 2025
No fees: Avoid monthly maintenance or transaction fees
Low minimums: $0–$100 starting deposit preferred
Mobile features: Easy transfers, auto-saving tools, app alerts
24/7 access: Online banking with live support

3. Best for Everyday Savings: Ally Bank

APY: 4.40% | Minimum Balance: $0 | Fees: None

Ally is a consistent performer with a user-friendly app, round-up savings tools, and a great customer support team.

4. Best for Automation & Cashback: SoFi

APY: 4.60% with direct deposit | Extras: Earn cashback on debit use, access paycheck early

SoFi’s ecosystem combines savings, investing, and lending, making it ideal for tech-savvy savers who want full control.

5. Best Rate Overall: Synchrony Bank

APY: 4.75% | Minimum: $0 | ATM Access: Optional ATM card on request

If you want the highest return and don’t need a checking account with the same provider, Synchrony is unbeatable for rates.

6. Best for Brand Trust: Discover Bank

APY: 4.35% | Perks: No fees on withdrawals, $0 minimum deposit

Discover is ideal if you want solid returns and peace of mind from a household-name financial institution.

7. Best for Flexible Transfers: Marcus by Goldman Sachs

APY: 4.50% | Transfer Speed: 1-day ACH transfer to/from external banks

Marcus stands out for fast transfers, smart goal trackers, and no-limit external linkages.

Conclusion

High-yield savings accounts offer a smart, risk-free way to grow your cash in 2025. With interest rates pushing 5%, there’s no reason to leave your money sitting in a traditional savings account earning less than 1%.

Our top picks:

Best APY: Synchrony (4.75%)
Most user-friendly: Ally
Best automation: SoFi

Choose the one that aligns with your financial habits, and watch your savings grow effortlessly.

Visit WealthFusions to integrate your HYSA into your financial plan today.

Frequently Asked Questions

1. Is my money safe in a high-yield savings account?: Yes, all listed banks are FDIC-insured up to $250,000 per depositor per bank.
2. Can the APY change?: Yes, rates are variable and can fluctuate based on Federal Reserve interest rate changes.
3. Are there withdrawal limits?: Yes, federal law used to limit savings withdrawals to 6 per month. Some banks still enforce this rule.
4. Do high-yield savings accounts have fees?: Most HYSAs are fee-free. However, avoid banks with inactivity or excess transaction charges.
5. Can I open more than one HYSA?: Yes! Many savers use multiple accounts for separate savings goals like emergencies, travel, or taxes.
6. How do I deposit or withdraw money?: Link an external checking account to transfer funds. Some banks also offer ATM access.
7. Do I pay taxes on interest earned?: Yes. Interest is reported on IRS Form 1099-INT and taxed as ordinary income.
8. Are HYSAs better than CDs?: HYSAs are more flexible but typically offer slightly lower rates than long-term CDs.