Compare High-Yield Savings Accounts

By Aviel Fahl|Last Updated: November 15, 2025

Quickly spot today's best high-yield savings rates and see which accounts actually fit your needs.

As of Saturday, November 15, 2025, the top FDIC-insured
rate we track is 5.00% APY
.

Banksparency Recommends: Look beyond the APY. The best account for you also has low fees, a minimum deposit and balance you won't struggle to meet, and an app or in-person access that fits your needs.

Average High-Yield Savings

3.86% APY

(Banksparency Core Index™)

FDIC National Average: 0.40% APY

Rates reach 4.70% or more for top-tier accounts with specific activity requirements.

When a High-Yield Savings Account Makes Sense

A High-Yield Savings Account is a powerful and flexible tool for your short-to-mid-term financial goals. Here are some of the most common situations where a HYSA is a great fit:

  • Emergency fund (3-12 mo)

    FDIC safety + fast access.

    See our Emergency Fund Planner

  • Goals in 3-24 months

    Vacation, wedding, car - no drawdown risk.

  • Down payment (<24 mo)

    Park cash while you shop.

  • Taxes & 1099 set-asides

    Use labeled sub-accounts.

  • Sinking funds

    Insurance, repairs, property tax.

  • Tuition / semester sums

    Earn between due dates.

  • Job change / COBRA runway

    Keep optionality; avoid forced selling.

  • Travel fund (rolling)

    Monthly in, periodic out.

Not ideal for:Date-certain cash (CD/T-Bills)>3-year goals (invest)High-interest debt (pay off first)
New to High-Yield Savings Accounts?

What You Should Know About High-Yield Savings Accounts

High-yield savings accounts are a smart way to make your money grow faster than traditional savings accounts, thanks to significantly higher interest rates. But before choosing one, it's important to understand how they work and how to maximize their benefits.

Why High-Yield Accounts Pay More

Online banks typically offer higher interest rates (Annual Percentage Yield, or APY) because they have lower overhead costs compared to traditional banks.

For instance, in Banksparency's database 37 banks offer savings accounts of 4.00% APY or higher, compared to the national average of 0.4% (according to the FDIC, as of 10/20/2025).

This difference can mean earning hundreds more per year on your savings, even if your balance isn't huge.

Your Money is Safe

These accounts are protected by FDIC insurance*, meaning your savings are insured up to $250,000 per depositor, per bank. You can sleep easier knowing that even if the bank were to fail, your money is safe and secure.

*FDIC-insurance

Easy Access, But With Limits

Unlike certificates of deposit (CDs), high-yield savings accounts let you access your funds anytime without penalties. However, many banks still limit certain types of withdrawals or transfers to about six per month. It's wise to plan ahead to avoid any unexpected inconvenience.

Beware of Fees and Fine Print

Not all high-yield savings accounts are fee-free. Some might charge monthly fees if your balance drops below a certain minimum. For example, an attractive APY might come with a minimum balance requirement of $2,500 to avoid a $10 monthly fee. Always read the fine print so fees don't eat into your savings.

Rates Can Change Over Time

Interest rates on these accounts can fluctuate based on economic conditions. A 4% APY today might become 3% next year if market conditions shift. It's beneficial to periodically check the rates offered by other banks to ensure you're still getting the best deal.

Perfect for Short-Term Goals and Emergencies

High-yield savings accounts work particularly well for short-term financial goals, like saving for a vacation or a down payment on a home, making summer camp tuition more manageable, as well as for building an emergency fund. They're secure, offer easy access, and provide a solid return without the risks associated with investing in the stock market.

How to Pick the Best Account For You

When choosing your account, look beyond just the APY. Consider customer service quality, online and mobile banking convenience, ease of transfers, and overall reputation. An account that's easy to manage and consistently competitive will usually provide the best long-term satisfaction. By paying attention to these details, you can confidently use high-yield savings accounts to strengthen your financial strategy and achieve your goals faster.

For definition of common HYSA-terminology, see the glossary.

Top Savings Account Rates

The high-yield savings accounts below are ordered by APY, or Annual Percentage Yield

We earn a commission if you open an account through some links on this page.

1. Varo Bank

Savings Account: High-Yield Savings Account

Top APY: 5.00%

APY Trend: Stable for the last quarter

Minimum Deposit: $0

Minimum Balance for APY: $0.01

2. Fitness Bank

Savings Account: Fitness Elite Checking & Fitness Savings Combo

Top APY: 4.75%

APY Trend: ↘︎ -0.10% QoQ

Minimum Deposit: $100

Minimum Balance for APY: $100

3. Pibank

Savings Account: Pibank Savings

Top APY: 4.60%

APY Trend: Stable for the last quarter

Minimum Deposit: $0

Minimum Balance for APY: $0.01

4. Axos Bank

Savings Account: Axos ONE

Top APY: 4.51%

APY Trend: ↗︎ +0.05% QoQ

Minimum Deposit: $0

Minimum Balance for APY: $0

5. GO2bank

Savings Account: High Yield Savings

Top APY: 4.50%

APY Trend: Stable for the last quarter

Minimum Deposit: $0

Minimum Balance for APY: $0

Compare Best Rates →

💡 TIP: Use the filters on the page to easily narrow your search and find the account that best fits your needs.

Top No/Low Minimums & Fees Savings Account Rates

The high-yield savings accounts below are ordered by APY, or Annual Percentage Yield

1. Pibank

Savings Account: Pibank Savings

Top APY: 4.60%

Minimum Deposit: $0

Minimum Balance for APY: $0.01

2. Neighbors Bank

Savings Account: Neighbors Savings Account

Top APY: 4.50%

Minimum Deposit: $0

Minimum Balance for APY: $0

3. Fitness Bank

Savings Account: Fitness Savings Account

Top APY: 4.45%

Minimum Deposit: $100

Minimum Balance for APY: $100

4. TIMBR

Savings Account: Premium Savings Account

Top APY: 4.40%

Minimum Deposit: $1,000

Minimum Balance for APY: $0

5. Newtek Bank

Savings Account: Personal High Yield Savings

Top APY: 4.35%

Minimum Deposit: $0.01

Minimum Balance for APY: $0.01

HYSAs with Top-Rated Apps

The high-yield savings accounts below are ordered by APY, or Annual Percentage Yield

1. Varo Bank

Savings Account: High-Yield Savings Account

Top APY: 5.00%

Minimum Deposit: $0

Minimum Balance for APY: $0.01

App Store Rating: 4.9/5Google Play Rating: 4.6/5

2. Axos Bank

Savings Account: Axos ONE

Top APY: 4.51%

Minimum Deposit: $0

Minimum Balance for APY: $0

App Store Rating: 4.7/5Google Play Rating: 4.5/5

3. GO2bank

Savings Account: High Yield Savings

Top APY: 4.50%

Minimum Deposit: $0

Minimum Balance for APY: $0

App Store Rating: 4.8/5Google Play Rating: 4.5/5

4. Newtek Bank

Savings Account: Personal High Yield Savings

Top APY: 4.35%

Minimum Deposit: $0.01

Minimum Balance for APY: $0.01

App Store Rating: 4.5/5Google Play Rating: 4.2/5

5. SoFi Bank

Savings Account: SoFi Savings

Top APY: 4.30%

Minimum Deposit: $0

Minimum Balance for APY: $0

App Store Rating: 4.8/5Google Play Rating: 4.1/5

Top Savings Account Rates with In-Person Access

The high-yield savings accounts below are ordered by APY, or Annual Percentage Yield

1. Neighbors Bank

Savings Account: Neighbors Savings Account

Top APY: 4.50%

Minimum Deposit: $0

Minimum Balance for APY: $0

Branches: One location in Columbia, Missouri

2. Presidential Bank

Savings Account: Advantage Savings

Top APY: 4.25%

Minimum Deposit: $5,000

Minimum Balance for APY: N/A

Branches: 10 locations in Maryland, Virginia and Washington D.C.

3. MutualOne Bank

Savings Account: Mo Premium Savings

Top APY: 4.07%

Minimum Deposit: $20,000

Minimum Balance for APY: $20,000

Branches: Full-service banking offices in Framingham, MA, and Natick, MA

4. Prime Alliance Bank

Savings Account: Personal Savings

Top APY: 3.90%

Minimum Deposit: $0

Minimum Balance for APY: $0

Branches: One location in Utah

5. High Plains Bank

Savings Account: High Yield Savings Account

Top APY: 3.82%

Minimum Deposit: $25

Minimum Balance for APY: $500,000

Branches: 5 locations in Colorado

Top Savings & Checking Account Combos

The high-yield savings accounts below are ordered by APY, or Annual Percentage Yield

1. Varo Bank

Savings Account: High-Yield Savings Account

Top APY: 5.00%

Minimum Deposit: $0

Minimum Balance for APY: $0.01

2. Fitness Bank

Savings Account: Fitness Elite Checking & Fitness Savings Combo

Top APY: 4.75%

Minimum Deposit: $100

Minimum Balance for APY: $100

3. Axos Bank

Savings Account: Axos ONE

Top APY: 4.51%

Minimum Deposit: $0

Minimum Balance for APY: $0

4. GO2bank

Savings Account: High Yield Savings

Top APY: 4.50%

Minimum Deposit: $0

Minimum Balance for APY: $0

5. SoFi Bank

Savings Account: SoFi Savings

Top APY: 4.30%

Minimum Deposit: $0

Minimum Balance for APY: $0