Today's Best High-Yield Savings Account Rates: August 23, 2025 -- Earn up to 5.00% APY

Right now, savers are still in a good spot. Many high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- far above the rates offered by most big banks.

An HYSA works like any regular savings account. Your money stays FDIC-insured, safe, and easy to reach whenever you need it. The difference is in the earnings. Even a small balance can grow much faster when you're earning several times the national average.

The Fed's next meeting is less than a month away, and the first rate cut of the year is largely expected. That means today's higher yields may not stick around, making it a good time to take advantage of higher rates while they last.

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 4.21% APY (Min. balance: $1,500)

Data source: Issuing banks. Rates are accurate as of August 22, 2025.

A top pick: The Barclays Tiered Savings account stands out with a 3.50% 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 2026

Account	APY	Bonus	Next Steps
Open Account for SoFi Checking and Savings On SoFi's Secure Website. Member FDIC. 4.90/5 Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor	up to 4.00% Rate info Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC. Min. to earn: $0	Earn $50 or $400 and +0.90% Boost on Savings APY with direct deposit. Terms apply. Earn up to 4.00% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.90% APY Boost (added to the 3.10% APY as of 5/28/26) for up to 6 months. Open your first SoFi Checking and Savings account and receive eligible direct deposits OR qualifying deposits of $5,000 every 31 days by 12/31/26. Rates are variable, subject to change. Terms apply at sofi.com/banking#4. SoFi Bank, N.A. Member FDIC.	Open Account for SoFi Checking and Savings On SoFi's Secure Website.
Open Account for Happen Bank LevelUp Savings On Happen Bank's Secure Website. Member FDIC. 4.70/5 Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor	4.00% APY with $250+ in monthly deposits Rate info *LevelUp Rate of 4.00% APY applied to full balance with $250+ in deposits in Evaluation Period. Otherwise, accounts earn Standard Rate of 3.00% APY. LevelUp Rate applies to first two statement cycles. Rates variable & subject to change at any time. See terms: https://www.happen.com/legal/deposits/levelup-savings-t-and-cs Min. to earn:	N/A	Open Account for Happen Bank LevelUp Savings On Happen Bank's Secure Website.
Open Account for CIT Platinum Savings On CIT's Secure Website. Member FDIC. 4.80/5 Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. = Best = Excellent = Good = Fair = Poor	up to 4.10%* Rate info 4.10%* APY for balances of $5,000 or more; otherwise, 0.60%* APY Min. to earn: $5,000	Earn up to 4.10% APY with promo code CITBoost With the 6 month Boost limited-time offer, you earn 4.10%* APY on balances over $5,000 (balances less than $5,000 earn 0.60%* APY). After the boost is complete you will continue to earn standard rates -- 3.75% APY for balances over $5,000 (balances less than $5,000 earn 0.25% APY). The minimum to open a Platinum Savings account is $100. Member FDIC. No monthly service fees.	Open Account for CIT Platinum Savings On CIT's Secure Website.

Disclaimers

https://www.happen.com/legal/deposits/levelup-savings-t-and-cs

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 July 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% 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 February 17, 2026.

* Platinum Savings APY Boost Promotion Terms and Conditions

This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.

Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.

The Promotion begins on February 13, 2026, and ends October 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6- month period outlined in the terms and conditions.

The promotion can end at any time without notice.

CIT General Disclosure

For complete list of account details and fees, see our Personal Account disclosures.

Should you open a high-yield savings account now?

At the moment, top HYSAs are paying between 4.00% and 5.00% APY -- far above inflation and miles ahead of what most standard savings accounts offer.

They're safe, too. Your deposits (up to $250,000) are FDIC-insured, and you can move or withdraw your money whenever you need it. Link it to your checking account, and your cash is always within easy reach.

But these rates may not last. The Fed has kept interest rates steady so far this year, yet many experts expect a cut at the upcoming September meeting -- and some banks have already begun lowering APYs in anticipation. If you wait, you could miss out on today's top savings rates.

Open an HYSA in just 3 easy steps

You can open a high-yield savings account in just a few minutes. Here's how:

1. Pick the right high-yield savings account. Search for one with a strong APY, no monthly fees, and requirements you can easily meet. If possible, choose a bank that also offers a checking account so you can link the two for quick transfers.
2. Apply online. Most banks let you open an account online. You'll just need a few basics, like your address and Social Security number.
3. Move your money. Log in to your new account and transfer funds from your old savings or checking account. Transfers between banks usually take a few business days.

That's all it takes to open an HYSA and start earning a high APY. Note: You may also need to redirect any automatic deposits or withdrawals to your new account.

How much money can a high-yield savings account earn?

Here's how much interest you'd earn over time with an HYSA paying 4.00% APY, depending on your starting balance.

Even a smaller balance can earn thousands of dollars in interest over time -- and that's if you never add a cent more of your own money.

So don't wait. Open a high-yield savings account today to start earning 10 times more interest than the average saver.