If your savings are sitting in a traditional bank account earning 0.01% interest, you are losing money to inflation every single day. The best high-yield savings accounts of 2025 pay up to 5% APY — 500 times more than the national average at traditional banks. On a $10,000 balance, that difference means earning $500 per year instead of $1.
Here are the best high-yield savings accounts of 2025, all FDIC-insured and available with no monthly fees.
Best High-Yield Savings Accounts of 2025
1. Marcus by Goldman Sachs — Best Overall
Marcus consistently offers one of the highest APYs with zero fees, no minimum balance requirements, and a trusted name behind it. No minimum deposit to open. Transfers to/from external accounts take 1–3 business days. Best for people who want a reliable, high-rate savings account from a name-brand institution.
2. SoFi High-Yield Savings — Best for Direct Deposit Users
SoFi offers one of the highest APYs available when you set up direct deposit — currently up to 4.60% APY. Without direct deposit, the rate drops significantly. SoFi also offers checking alongside savings in one account, a $300 welcome bonus for qualifying direct deposits, and no account fees. Best for those who will use SoFi as their primary bank.
3. Ally Bank Online Savings — Best for Buckets Feature
Ally’s high-yield savings account lets you create up to 30 “buckets” within a single account — essentially sub-accounts for different savings goals like vacation, car, emergency fund, and home down payment. Highly competitive APY with no fees and no minimum balance. Transfers are fast and the app is excellent.
4. Discover Online Savings — Best for Customer Service
Discover earns high marks for customer satisfaction, offering 24/7 US-based customer service and no fees of any kind — no monthly fee, no minimum balance fee, no excessive withdrawal fee. Competitive APY and a trusted name that many people already have a relationship with through their credit cards.
5. Bread Savings — Best for Highest Guaranteed Rate
Bread Savings (formerly Comenity Direct) consistently offers some of the highest APYs in the industry. Requires a $100 minimum deposit to open. No monthly fees and FDIC-insured up to $250,000. Best for those who want to maximize interest earnings and do not need frequent access to funds.
High-Yield Savings vs Money Market vs CDs
High-yield savings accounts offer flexibility — you can deposit and withdraw freely (within federal limits). Rates are variable and change with the Federal Reserve’s decisions.
Money market accounts are similar but often come with check-writing and debit card access. Rates are comparable to high-yield savings.
Certificates of Deposit (CDs) lock your money for a set term (3 months to 5 years) in exchange for a guaranteed rate. If rates are high and expected to fall, locking in a CD can protect your earnings. But you pay an early withdrawal penalty if you need the money before the term ends.
How Much Can You Earn in a High-Yield Savings Account?
At 5% APY, here is what different balances earn per year in interest: $1,000 earns $50, $5,000 earns $250, $10,000 earns $500, $25,000 earns $1,250, $50,000 earns $2,500. Compare that to 0.01% at a traditional bank where $50,000 earns just $5 per year. The math is clear.
Final Thoughts
There is no good reason to keep your savings in a low-yield traditional bank account in 2025. Switching to a high-yield savings account takes 10 minutes and costs nothing — yet can earn you hundreds or thousands of dollars more per year on the same money. Open an account today and put your savings to work.
Which high-yield savings account are you using? Share in the comments!