The Best Savings Account Rates Today, April 11, 2025: Up to 5.00%

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation. APY = Annual Percentage Yield.

KEY POINTS

  • The highest savings account rate today: 5.00% APY.
  • Choose a high-yield savings account for easy access and quick setup to maximize returns.

A high-yield savings account is a great spot to grow your money while keeping it within reach. The highest APYs today range from 4.50% to 5.00%, more than 10 times above the national average.

We've scoured the top banks to find the best rates for you. With these accounts, your money can grow faster than ever.

Check out our list below for the top APYs available 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
TIMBR High Yield Savings 4.55% $1,000
Peak Bank Envision High Yield Savings up to 4.54% $100 to open, 2.02% APY on balances of $10,000,000 and above
BrioDirect High-Yield Savings 4.50% $5,000 to open, $25 to maintain
Data source: Issuing banks. Rates are accurate as of April 10, 2025.

Why we chose these savings accounts

  • Attractive returns. Enjoy some of the top APYs available to boost your savings quickly.
  • Easy start. Some accounts require little or no minimum deposit to open and begin earning interest.
  • Digital convenience. Open and manage these accounts fully online from your phone or computer.
  • Nationwide access. Open an account from anywhere in the U.S. without needing to join a local credit union.

If you're not earning more than 4.00% APY on your savings, it might be time to switch. Rates have been most flat since the end of 2024, but several online banks are leading the pack without requiring huge balances. We like LendingClub LevelUp Savings account because it pays 4.40% APY with $250+ in monthly deposits. Pro tip: Be careful with teaser rates that drop after a few months. Always check the fine print. Click here to open a LendingClub LevelUp Savings account today.

Our Picks for the Best High-Yield Savings Accounts of 2025

Product APY Min. to Earn
up to 3.80%
Rate info Circle with letter I in it. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
$0
3.60%
Rate info Circle with letter I in it. 3.60% annual percentage yield as of June 4, 2025. Terms apply.
$0
4.30%
Rate info Circle with letter I in it. The annual percentage yield (APY) is accurate as of May 2, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.
$500 to open, $0.01 for max APY

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:

At Motley Fool Money, we rate savings accounts on a five-star scale (1 = poor, 5 = best). We evaluate all savings accounts across four main criteria: annual percentage yield (APY), brand and reputation, fees and minimum requirements, and perks that really make a difference -- think ATM access, linked checking accounts, or even branch access.

Our scores are weighted as:

  • APY: 50%
  • Brand and reputation: 20%
  • Fees and minimums: 15%
  • Other perks: 15%

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

At Motley Fool Money, we rate savings accounts on a five-star scale (1 = poor, 5 = best). We evaluate all savings accounts across four main criteria: annual percentage yield (APY), brand and reputation, fees and minimum requirements, and perks that really make a difference -- think ATM access, linked checking accounts, or even branch access.

Our scores are weighted as:

  • APY: 50%
  • Brand and reputation: 20%
  • Fees and minimums: 15%
  • Other perks: 15%

Our aim is to maintain a balanced list featuring top-scoring products from reputable brands offering competitive APYs and standout features. Learn more about how Motley Fool Money rates bank accounts.

Should you open a high-yield savings account now?

Have extra cash in a low-interest account? It's time to make your money work harder. Right now, high-yield savings accounts are offering great rates on the back of the Federal Reserve holding rates steady.

Think about opening one if you:

  • Want to earn more without locking up your money
  • Like having FDIC insurance for peace of mind
  • Need flexibility instead of a fixed term
  • Want low fees and easy online access

These accounts let your money grow while staying accessible. They're perfect for emergency funds, planned expenses, or short-term goals you aim to achieve soon. Don't miss the chance to boost your savings. Click here to compare the best high-yield savings accounts and open one today.

How to open a high-yield savings account

Getting started with a high-yield savings account is easy and usually takes just a few minutes:

  1. Compare your options. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.
  2. Apply online. Most accounts can be opened from your phone or computer -- no paperwork required.
  3. Fund your account. Link an existing checking or savings account and transfer the amount you want to deposit.
  4. Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.
  5. Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.
  6. Keep an eye on your APY. Bank's can raise or lower APYs at their discretion. If you see yours decrease substantially, it may be time to look around for a new account.

Prefer to skip the monthly deposit requirements?

Some high-yield accounts offer the best rates with no strings attached -- no recurring deposit requirements, no minimum balance to earn interest, and no monthly fees. If you're looking for a hassle-free option, consider the American Express® High Yield Savings Account account (Member FDIC), which offers a 3.60% APY (as of June 4, 2025) with no minimum deposit.

FAQs

  • Opening a savings account gives you flexibility and easy access to your money. Current high rates offer the chance for steady growth. If you want both access and growth, now's a great time to open one and start saving.

  • While experts currently expect the opposite to happen, it's possible savings account rates might increase in 2025. Rate hikes depend on the Federal Reserve's actions and economic shifts. If inflation rises, banks may boost rates to attract deposits.

  • Right now, the best savings account rates are those between 4.00% and 5.00%. You can earns hundreds more per year on your savings compared to keeping your money in an account with the national average savings APY of 0.42%.

Our Research Expert