Act Fast: 3 High-Yield Savings Accounts That Still Pay 4.00%+ in May 2025

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KEY POINTS

  • The CIT Platinum Savings account pays 4.10% APY for balances of $5,000 or more.
  • The Barclays Tiered Savings account also offers 4.00% APY, but with no minimum balance requirement.
  • The Betterment Cash Reserve account pays 4.00% APY and has one of the smoothest, easiest-to-use mobile apps I've personally used.

Last year, I made $798 by moving my savings to a high-yield savings account (HYSA). And this year, I'm on track to clear over $1,000 -- hello, new surfboard!

Still, 82% of Americans don't use an HYSA to store their money. They're likely earning pennies in interest from a sub-par checking or savings account.

If you're not earning at least 4.00% APY on your savings right now, it might be time to make a move.

Here are three great high-yield savings accounts still offering top rates in May 2025.

CIT Platinum Savings: 4.10% APY for balances of $5,000 or more

The CIT Platinum Savings account is a great pick if you've got a bigger cash cushion. It offers a 4.10% APY for balances of $5,000 or more.

Key details:

  • APY: 4.10% APY for balances of $5,000 or more
  • Minimum to open: $100
  • Monthly fees: None
  • FDIC insurance: Up to $250,000 per depositor
  • Account perks: Easy online access, mobile app, welcome bonus for deposits over $25,000

If you've never heard of CIT Bank -- it's a division of First Citizens Bank, the 15th-largest bank in the U.S. It has a strong reputation, so you can rest easy knowing your money is in good hands.

If $5,000 feels like too much to maintain, check out the CIT Savings Connect account. It still pays a solid 4.00% APY -- and you don't have to worry about keeping a minimum balance.

And for those of you with $25,000 or more, CIT also has a welcome offer you could qualify for. Enter promo code PS2025 at opening.

Open a CIT Platinum Savings account today and start earning 4.10% APY on your savings.

Barclays Tiered Savings: 4.00% APY on balances up to $250,000

The Barclays Tiered Savings account offers a 4.00% APY with no minimum balance requirement. It's perfect for folks who want more flexibility.

Key details:

  • APY: 4.00% on balances under $250,000. Balances over $250,000 get a slight APY boost.
  • Minimum to open: None
  • Monthly fees: None
  • FDIC Insurance: Up to $250,000 per depositor
  • Account perks: 24/7 online banking, highly rated mobile app, easy direct deposits and online transfers

Barclays is a major global financial services provider with over 48 million customers worldwide. It's involved in everything money-related from retail banking to wealth management.

If you'd like to spread your savings across other products -- like short-term CDs -- you can do it all in one place with a great institution.

Start earning 4.00% APY today -- open a Barclays Tiered Savings account.

Betterment Cash Reserve: Earn 4.00% APY with no fees

The Betterment Cash Reserve account currently offers a 4.00% APY. And it's the account I use right now for some of my own savings!

Its mobile app is one of the smoothest I've ever used. And setting up an account took me just a few minutes.

Key details:

  • APY: 4.00% on all balances (as of May 2025)
  • Minimum to open: None
  • Monthly fees: None
  • FDIC insurance: up to $2 million via partner banks
  • Account perks: Great mobile app, goal setting tools, unlimited withdrawals

A really interesting note about Betterment -- each account comes with up to $2,000,000 in FDIC insurance (vs. the standard $250,000 with other banks). It does this by spreading deposits across multiple program banks, for added diversification.

I realize most people don't have that much deposited so it doesn't really matter. But I love this fact because it goes to show how innovative Betterment's methods are and how far it goes to prioritize the safety of its client's cash.

Betterment is also a top rated robo-advisor for hands-off, low-cost investing.

How much can you earn?

Some people think savings accounts are boring. (Let's be honest -- they are!)

But boring is good in the personal finance world.

Earning a 4.10% interest rate means you're getting 10 times more than the national average interest rate on savings accounts right now.

Here's a quick look at how much that could mean depending on your balance:

Savings Interest Earned 4.10% APY
$5,000 $205
$10,000 $410
$20,000 $820
$50,000 $2,050
$30,000,000 $1,230,000
Data source: Author's calculations.

I threw that last row in there for fun. Let's be honest, if you had $30 million in the bank, you wouldn't be sitting behind a screen reading this post right now!

But seriously, if you've got cash sitting around, you may as well be earning the top rate possible. Opening a high-yield savings account takes a few minutes. Do it today.

Our Research Expert