Choosing the right high-yield savings account is a smart move if you're looking to make your money work harder for you. With interest rates hovering well above the national average, these accounts allow your savings to grow faster while remaining easily accessible. Whether you're new to saving or looking to switch from a lower-earning account, our guide to the best high-yield savings accounts of 2025 will help you make an informed choice.

Here, we'll explore the top accounts of the year, their standout features, and how to pick the one that's right for your financial goals. Let's get started!

Top High-Yield Savings Accounts of 2025

The national average savings account APY is 0.38% (as of mid-2025), which pales in comparison to the rates offered by top-performing high-yield accounts. Let's review the highest earners:

1. Axos ONE® Savings (4.66% APY)

  • Minimum Balance: $1,500 to earn the top rate
  • Monthly Fees: None
  • Why It Stands Out: Axos ONE offers the highest APY currently available at 4.66%, making it ideal for those who want maximum returns on their savings. This account is part of a broader package, including a connected checking account, which simplifies money transfers.

2. Elevault Savings (4.60% APY)

  • Minimum Balance: None
  • Monthly Fees: None
  • Why It Stands Out: Elevault offers a seamless digital banking experience along with its high APY. The account has no minimum deposit requirement, making it accessible to nearly any saver.

3. Pibank Savings (4.60% APY)

  • Minimum Balance: None
  • Monthly Fees: None
  • Why It Stands Out: Pibank matches Elevault's rate but also provides perks like user-friendly savings tools to track financial goals. It’s a great option for tech-savvy users.

4. Go2bank Savings (4.50% APY)

  • Minimum Balance: None
  • Monthly Fees: None
  • Why It Stands Out: Go2bank provides not only a competitive APY but also an easy-to-use app designed for effortless saving. Its no-frills approach makes it highly appealing for individuals building their savings with flexibility.

5. TIMBR Savings (4.40% APY)

  • Minimum Balance: $1,000
  • Monthly Fees: None
  • Why It Stands Out: This option is perfect for savers who can maintain a modest deposit to achieve the high APY. TIMBR balances excellent rates with personalized customer service.

6. EverBank Performance® Savings (4.30% APY)

  • Minimum Balance: None
  • Monthly Fees: None
  • Why It Stands Out: With its highly rated app and lack of balance requirements, EverBank makes it simple to grow your savings whether you’re a beginner or established saver.

7. Bread Savings (4.30% APY)

  • Minimum Balance: $100 to open the account
  • Monthly Fees: None
  • Why It Stands Out: Bread Savings stands out for its straightforward approach and competitive APY. Newcomers to savings accounts and seasoned savers alike can appreciate its value.

How to Choose the Right High-Yield Savings Account

When selecting a high-yield savings account, it’s important to go beyond just the APY. Here are some key factors to consider:

1. Account Fees

Many high-yield accounts boast no monthly maintenance fees, but some may introduce fees for excessive withdrawals, wire transfers, or paper statements. Look closely at fee schedules to avoid surprises.

Pro Tip: Choose an account like Axos ONE or Pibank, which emphasizes zero hidden charges.

2. Minimum Balance Requirements

Some accounts require a specific balance to earn the advertised APY. For example, Axos ONE necessitates maintaining $1,500 for the top yield, while Bread Savings requires $100 to open.

Pro Tip: If maintaining a balance won't be feasible for you, consider options like Elevault or EverBank, which have no minimum-balance requirements.

3. Accessibility

Check whether the bank offers robust mobile apps or online portals for account management. Features like real-time tracking, transfers, and customer support can ensure a smooth banking experience.

Pro Tip: Go2bank and Elevault excel in offering intuitive digital tools.

4. Perks and Features

Does the account come with additional perks like goal-setting tools, budgeting apps, or rewards? These extras can make a big difference, especially if you're managing multiple financial goals.

Pro Tip: TIMBR and Pibank are noteworthy for their savings-focused features.

5. FDIC Insurance

Ensure the institution providing the account is federally insured, so your deposits (up to $250,000) are protected even if the bank faces financial trouble.

Pro Tip: All of the accounts listed here are FDIC-insured.

Who Should Consider a High-Yield Savings Account?

High-yield savings accounts offer something for nearly everyone. Here are examples of situations where these accounts shine:

  • Emergency Fund: If you’re growing or managing an emergency fund, a high APY ensures your money grows while staying accessible.
  • Saving for a Goal: Whether it’s a vacation or a down payment on a home, a high-yield savings account helps you stay on track with dedicated savings.
  • Park Extra Cash: If you recently received a bonus or windfall, these accounts are a great place to park your money while earning competitive interest.

Maximizing Savings with a High-Yield Account

Making the most out of your high-yield savings account involves a few simple strategies:

1. Automate Your Savings

Set up direct deposits or automatic transfers to build your balance consistently without manual effort.

2. Use Multiple Accounts for Different Goals

Many institutions, like Pibank or EverBank, allow you to create subaccounts or savings "buckets." Use these to separate money for specific goals, such as vacations or emergencies.

3. Revisit Your Savings Plan Periodically

Rates and account features can change over time. Review your account annually and compare it with newer options to ensure you’re still earning at a competitive rate.

4. Don’t Dip into the Account Frequently

While high-yield savings accounts are flexible, limiting withdrawals ensures your money continues benefiting from compound interest.