Best High-Yield Savings Accounts of 2025
Last updated: July 2, 2026
The average brick-and-mortar bank savings account pays 0.01%–0.06% APY. The best high-yield savings accounts — all available online — pay 4.35%–4.60% APY. On a $10,000 balance, that's the difference between earning $1/year and $435–$460/year. There is no legitimate reason to leave money in a big-bank savings account.
Our top picks
SoFi High-Yield Savings
SoFi offers the highest HYSA rate available when you set up direct deposit — plus checking, investing, and loan products all in one app.
APR
Up to 4.60% APY
Pros
- ✓Up to 4.60% APY with direct deposit
- ✓No account fees
- ✓Checking + savings in one account
Cons
- ✗Top rate requires direct deposit
- ✗Rate can drop without direct deposit
Rates & terms on partner's site. We may earn a commission. Learn more
Marcus Online Savings (Goldman Sachs)
No-fee, no-minimum high-yield savings account consistently offering rates 10–15× the national average, backed by the stability of Goldman Sachs.
APR
4.40% APY
Pros
- ✓No fees, no minimum balance
- ✓Consistently high APY (4.40%+)
- ✓FDIC insured up to $250,000
Cons
- ✗No checking account option
- ✗No ATM access
- ✗Transfers take 1–3 business days
Rates & terms on partner's site. We may earn a commission. Learn more
Ally Online Savings Account
Ally is the gold standard for online banking — a competitive HYSA paired with excellent checking, investing, and customer service, all with zero fees.
APR
4.35% APY
Pros
- ✓No monthly fees or minimum balance
- ✓Competitive APY (4.35%+)
- ✓Buckets feature for savings goals
Cons
- ✗No physical branches
- ✗Transfers take 1–3 business days
Rates & terms on partner's site. We may earn a commission. Learn more
Discover Online Savings Account
Discover's high-yield savings account pairs a strong APY with the brand trust of a major credit card issuer — no fees, no minimums, and excellent customer service.
APR
4.35% APY
Pros
- ✓No fees or minimums
- ✓Competitive APY (4.35%+)
- ✓24/7 US-based customer service
Cons
- ✗Rate occasionally trails top competitors
- ✗No branch access
Rates & terms on partner's site. We may earn a commission. Learn more
How we chose these picks
Why Are Online HYSA Rates So High?
Online banks have no branches to maintain, so their overhead is dramatically lower than traditional banks. They pass those savings to customers in the form of higher interest rates. Your money is still FDIC insured up to $250,000 (some up to $2M through partner banks), so there's no safety trade-off.
How to Choose the Right HYSA
- Look for no monthly fees and no minimum balance requirement
- Check FDIC insurance coverage
- Confirm easy transfer to/from your existing checking account
- Consider whether you want just savings or a full banking relationship
HYSA vs Money Market vs CDs
HYSAs offer full liquidity — withdraw anytime. Money market accounts are similar with check-writing privileges. CDs lock your money for a fixed term (3 months to 5 years) in exchange for a slightly higher rate. For your emergency fund or money you might need soon, an HYSA is the right choice.
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