Let your money work for you. High-yield savings accounts offer rates up to 5.00% APY — more than 10 times the national average. They offer a simple way to boost your savings while keeping access to your cash.
We check high-yield savings offers daily to find the best for you. Whether saving for a rainy day or future plans, these accounts allow you to earn more on the money that’s just sitting there.
Check out the top high-yield savings account rates we found today.
|
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 20, 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 an HYSA now?
Got extra money sitting in a checking or standard savings account earning pennies? It’s time to make your money work harder for you. High-yield savings accounts are offering great rates now, as the Federal Reserve has yet to lower rates so far this year.
With flexibility, low fees, easy online access, and FDIC insurance, there’s really no reason not to choose a high-yield savings account for your cash. Let your money grow while staying accessible. HYSAs are perfect for your emergency fund, home or auto repairs, or funding your next vacation. Click here to compare the best high-yield savings accounts and open one today.
How to open an HYSA in five steps
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.