Best High-Yield Savings Accounts Right Now

 In today’s economic landscape, finding a high-yield savings account is one of the best ways to make your money work for you. Traditional savings accounts offer negligible interest rates, but high-yield savings accounts (HYSA) provide a much better return on your deposits. With inflation and rising living costs, every little bit counts, and these accounts can help you build wealth over time.

If you’re looking to maximize the return on your savings, here are the best high-yield savings accounts right now (as of 2025). This guide will explore the accounts with the highest interest rates, unique features, and eligibility requirements.

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What is a High-Yield Savings Account?

A high-yield savings account is a type of savings account that offers a higher interest rate than a standard savings account. These accounts typically offer an APY (Annual Percentage Yield) that’s several times higher than what you’d find at a traditional bank.

While the rates can fluctuate based on the federal interest rate and market conditions, high-yield savings accounts are still one of the safest places to park your emergency fund, vacation savings, or any funds you don’t need immediate access to.

Benefits of a High-Yield Savings Account:

• Higher Returns: Earn more interest than with regular savings accounts.

• FDIC or NCUA Insurance: Your money is federally insured up to $250,000 per depositor.

• Liquidity: Withdraw your funds without penalties (though some accounts may limit the number of withdrawals per month).

• Low Risk: Unlike investments in stocks or bonds, a high-yield savings account carries minimal risk.

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1. Ally Bank High-Yield Savings Account

APY: 4.25%

Minimum Deposit: $0

Monthly Fees: None

Ally Bank has consistently ranked as one of the best high-yield savings accounts due to its strong customer service and competitive interest rates. With an APY of 4.25%, it’s one of the top performers for 2025. This account offers no monthly fees and no minimum balance requirements, making it accessible for most people.

Key Features:

• No monthly maintenance fees.

• Easy access to your money through online banking and mobile apps.

• 24/7 customer support.

Pros:

• Competitive rates.

• No fees.

• Great customer service.

Cons:

• No physical branches (online-only banking).

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2. Marcus by Goldman Sachs High-Yield Online Savings

APY: 4.15%

Minimum Deposit: $0

Monthly Fees: None

Marcus by Goldman Sachs offers another solid option for those looking to grow their savings. With an APY of 4.15%, this account is perfect for those who want high returns without any minimum deposit or monthly fees.

Key Features:

• High APY with no minimum balance.

• No monthly maintenance fees.

• 24/7 access to your account via the mobile app.

Pros:

• High interest rate.

• Easy-to-use online platform.

• No fees or minimum deposit.

Cons:

• Limited options for in-person banking (online only).

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3. Synchrony Bank High-Yield Savings Account

APY: 4.30%

Minimum Deposit: $0

Monthly Fees: None

Synchrony Bank is another strong contender in the high-yield savings market. They offer a competitive 4.30% APY and provide convenient online banking services. While there are no monthly fees or minimum deposit requirements, Synchrony Bank does not offer as many account features as some other competitors.

Key Features:

• 4.30% APY with no minimum balance.

• Access your account through mobile banking or online banking.

• ATM access with a Synchrony Bank ATM card (free of charge at participating ATMs).

Pros:

• High interest rate.

• No monthly fees or minimum balance.

• ATM access.

Cons:

• Limited in-person banking options.

• Basic account features compared to competitors.

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4. Capital One 360 Performance Savings Account

APY: 4.15%

Minimum Deposit: $0

Monthly Fees: None

Capital One 360 offers a very competitive 4.15% APY on their Performance Savings Account. As a well-known bank, Capital One offers a combination of high interest, no fees, and easy access to your money through their online and mobile banking system. Capital One also has a solid reputation for customer service.

Key Features:

• 4.15% APY.

• No monthly fees or minimum balance requirements.

• Access to Capital One’s large network of ATMs.

Pros:

• Strong reputation and customer service.

• Easy access to funds.

• High APY with no fees.

Cons:

• Limited branch access (online and mobile banking only).

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5. Discover Online Savings Account

APY: 4.25%

Minimum Deposit: $0

Monthly Fees: None

Discover Bank offers a straightforward high-yield savings account with a 4.25% APY. There are no monthly fees or minimum balance requirements, and the account comes with 24/7 customer support. Discover is also well known for its credit cards, so if you're already a Discover customer, this can be an excellent addition to your financial toolkit.

Key Features:

• 4.25% APY.

• No monthly maintenance fees.

• Easy access to funds online or via mobile app.

Pros:

• High interest rate.

• No fees.

• Trusted brand with excellent customer support.

Cons:

• Limited physical branches.

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6. American Express High-Yield Savings Account

APY: 4.25%

Minimum Deposit: $0

Monthly Fees: None

American Express offers a high-yield savings account with an attractive 4.25% APY. While American Express is primarily known for its credit cards, it has expanded into banking with competitive offerings. The high yield, no fees, and no minimum balance make this account a solid option.

Key Features:

• 4.25% APY.

• No fees or minimum deposit requirements.

• Online and mobile access to your account.

Pros:

• High interest rate.

• No fees or minimum balance.

• Trustworthy brand.

Cons:

• No physical branches.

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7. Citizens Access Online Savings Account

APY: 4.50%

Minimum Deposit: $5,000

Monthly Fees: None

Citizens Access offers one of the highest interest rates available at 4.50% APY, but it requires a $5,000 minimum deposit to open an account. If you have that amount to invest upfront, this account offers great returns without any monthly fees.

Key Features:

• 4.50% APY for deposits of $5,000 or more.

• No monthly maintenance fees.

• Online and mobile access.

Pros:

• Very high interest rate.

• No monthly fees.

Cons:

• $5,000 minimum deposit requirement.

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8. Barclays Online Savings Account

APY: 4.20%

Minimum Deposit: $0

Monthly Fees: None

Barclays’ online savings account offers a 4.20% APY with no minimum deposit required. Barclays is an established global bank with a solid reputation, and its savings account offers excellent returns without the hassle of monthly fees or balance requirements.

Key Features:

• 4.20% APY.

• No minimum deposit or monthly fees.

• Easy online account access.

Pros:

• Competitive APY.

• No fees or minimum balance.

• Trusted, global banking brand.

Cons:

• Limited customer service options in certain areas.

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Conclusion: Which High-Yield Savings Account Should You Choose?

Selecting the best high-yield savings account for you depends on several factors, including your initial deposit amount, how often you plan to access your money, and what features are most important to you.

If you’re looking for an account with no minimum deposit or fees, Ally Bank and Marcus by Goldman Sachs are great options. For the highest interest rates, you might want to consider Citizens Access or Synchrony Bank, but keep in mind that Citizens Access requires a higher initial deposit.

Always review the terms and features of each account to ensure that it aligns with your financial goals. Regardless of your choice, a high-yield savings account can help you maximize your savings and provide peace of mind with its low-risk, high-return nature.