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 4.00% APY for balances of $5,000 or more.
- The Barclays Tiered Savings account also offers 3.90% 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: 4.00% 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 4.00% APY for balances of $5,000 or more.
Key details:
- APY: 4.00% 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 3.90% 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 4.00% APY on your savings.
Barclays Tiered Savings: 3.90% APY on balances up to $250,000
The Barclays Tiered Savings account offers a 3.90% APY with no minimum balance requirement. It's perfect for folks who want more flexibility.
Key details:
- APY: 3.90% 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 3.90% 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 |
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
Joel is a full-time writer at Motley Fool Money, known for his clear, approachable voice on topics like credit cards, savings hacks, and side hustles. He’s been writing about money since 2018 and previously managed editorial content for the How To Money podcast.
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