Don’t let your cash sit idle. The best high-yield savings accounts offer rates up to 5.00% APY today, beating the national average by a long shot. They’re an easy way to grow your funds and keep them safe.
We research the options daily to bring you the best rates. Whether you’re saving for a rainy day or planning ahead, a high-yield savings account can help pad your wallet.
Dive into today’s top rates and make your money work harder for you.
|
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 21, 2025.
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?
Is your money just sitting in a low-interest account? It’s a great time to do yourself a favor and start earning more. High-yield savings accounts have great rates right now as the Federal Reserve maintains the federal funds rate steady.
These accounts offer easy access, low fees, and are insured by the FDIC. Grow your cash without losing flexibility. They’re great for emergency funds, repairs, or even your dream vacation. Click here to compare the best high-yield savings accounts and open one today.
How to open an HYSA
Getting started with a high-yield savings account is easy and usually takes just a few minutes. Follow these simple steps:
- Compare accounts. 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 your money.
- 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.