Up to 5.00% APY: These Are the Best High-Yield Savings Account Rates Today, August 14, 2025
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Savers still have the upper hand. Many high-yield savings accounts are paying 4.00% APY or more, with the Fed holding rates steady through 2025 so far.
An HYSA works much like your regular savings account -- safe, FDIC-insured, and easy to access. The difference is in the returns. You can earn far more interest.
Rates may come down later this year, so opening an account with a great APY now could pay off. And if you haven't made the switch yet, there's still time.
Here are today's best high-yield savings account rates.
- Varo Savings -- up to 5.00% APY (Max APY on up to $5,000, 2.50% APY after)
- Pibank Savings -- 4.60% APY (No min. balance)
- Elevault -- 4.60% APY (No min. balance. Balances over $250,000 do not earn interest)
- Presidential Bank Advantage Savings -- 4.50% APY ($5,000 min. to open, terms apply)
- Axos ONE® -- up to 4.51% APY (Min. balance: $1,500)
Data source: Issuing banks. Rates are accurate as of August 13, 2025.
Featured account: The Barclays Tiered Savings account stands out with a 3.90% APY and no minimum balance required to earn interest. It's one of the few top-tier rates still widely available -- and with no account fees, it's a smart move while rates remain high. Read our full Barclays Tiered Savings review to learn more and open an account today.
Our Picks for the Best High-Yield Savings Accounts of 2025
| Product | APY | Min. to Earn | |
SoFi Checking and Savings
Member FDIC.
APY
up to 4.50%
Rate info
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
Min. to earn
$0
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
up to 4.50%
Rate info
Earn up to 4.50% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.80% APY as of 8/5/25) for up to 6 months. Open a new SoFi Checking & Savings account with Eligible Direct Deposit by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
|
$0
|
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
CIT Platinum Savings
Member FDIC.
APY
3.85%
Rate info
3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
Min. to earn
$5,000
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
3.85%
Rate info
3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
|
$5,000
|
Open Account for CIT Platinum Savings
On CIT's Secure Website. |
Western Alliance Bank High-Yield Savings Premier
Member FDIC.
APY
4.10%
Rate info
The annual percentage yield (APY) is accurate as of September 30, 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.
Min. to earn
$500 to open, $0.01 for max APY
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
4.10%
Rate info
The annual percentage yield (APY) is accurate as of September 30, 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
|
Open Account for Western Alliance Bank High-Yield Savings Premier
On Western Alliance Bank's Secure Website. |
Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. *APYs — Annual Percentage Yields are accurate as of September 23, 2025: 0.25% APY on balances of $0.01 to $4,999.99; 3.85% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
Based on comparison to the national average Annual Percentage Yield (APY) on savings accounts as published in the FDIC National Rates and Rate Caps, accurate as of September 15, 2025.
For complete list of account details and fees, see our Personal Account disclosures.
The annual percentage yield (APY) is accurate as of September 30, 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.
At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products. Accounts are evaluated across four main criteria:
- APY
- Brand and reputation
- Fees and minimum requirements
- Accessibility and features
Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions. Learn more about how Motley Fool Money rates bank accounts.
At Motley Fool Money, we rate savings accounts on a five-star scale, shown in tenths of a point to highlight even small differences between products. Accounts are evaluated across four main criteria:
- APY
- Brand and reputation
- Fees and minimum requirements
- Accessibility and features
Scores may be adjusted to reward limited-time high rates or penalize accounts with excessive fees. Our goal is to highlight accounts that are competitive, easy to use, and backed by trusted institutions. Learn more about how Motley Fool Money rates bank accounts.
Should you open a high-yield savings account now?
Right now, top HYSAs are paying between 4.00% and 5.00% APY -- easily beating inflation, while many savings accounts are earning next to nothing.
They're also safe and flexible. Your deposits (up to $250,000) are FDIC-insured, and you can move or withdraw your money anytime. Link it to your checking account, and your cash is always within easy reach.
It's always wise to keep your savings in an HYSA, but now could be an especially good time. The Fed kept rates steady at its last meeting, yet many experts expect cuts before the year is over -- and some banks have already started trimming APYs. Wait too long, and today's best rates might be gone.
3 quick steps to open a high-yield savings account
It only takes a few minutes to open an HYSA. Here's what to do:
- Choose your account. Look for one with a high APY, no monthly fees, and terms you can meet without hassle. A bank that also offers checking accounts can make transfers between accounts fast and easy.
- Apply online. Most banks have a short application you can fill out on their website. You'll need some basic details, like your address and Social Security number.
- Transfer your funds. Once your account is open, move money over from your existing savings or checking. Bank-to-bank transfers usually take a few business days.
That's all it takes to start earning more on your savings -- just don't forget to update any automatic deposits or withdrawals to your new account.
How much can your money earn in a high-yield savings account?
At 4.00% APY, your savings can build up surprisingly fast. The table below shows how much interest you could earn over time based on your starting balance.
| Starting Balance | 1 Year | 5 Years | 10 Years | 20 Years |
|---|---|---|---|---|
| $5,000 | $204 | $1,104 | $2,457 | $5,622 |
| $10,000 | $408 | $2,208 | $4,914 | $11,244 |
| $20,000 | $816 | $4,416 | $9,828 | $22,488 |
Even a smaller deposit can turn into thousands in interest if you let it sit and grow -- no extra contributions needed.
Open one of the top HYSAs now, and your cash could start earning up to 10 times more interest than the average savings account.
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Sources
FAQs
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Right now, many HYSAs are paying between 4.00% and 5.00% APY -- enough to help your savings grow faster than inflation. Rates could drop later this year, so locking in a top rate now could mean more earnings.
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Yes. Your deposits (up to $250,000 per bank) are FDIC-insured, and you can access your money anytime.
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The biggest downside of a high-yield savings account is that interest rates can fluctuate. Unlike the fixed rates of CDs, the interest rate on savings accounts can change based on market conditions, potentially reducing your earnings over time. This variability means your returns might not be as predictable as with other fixed-rate investments.
Our Research Expert
Jake FitzGerald is a full-time Editorial Strategist and Personal Finance Writer at Motley Fool Money, leading content production and distribution while also writing about credit cards, bank accounts, and other financial products. He has more than a decade of experience editing and shaping financial content to give readers clear, trustworthy money advice. His work focuses on delivering practical insights that empower people to make smarter financial decisions. Off the clock, he’s a fan of college football tailgates and still loyal to his favorite putter -- despite what his short game suggests.