Today's Best High-Yield Savings Account Rates: August 27, 2025 -- Earn up to 5.00% APY
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For now, savers still have the edge. Many high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- far above the minimal returns most big banks continue to offer.
An HYSA is easy to open and works just like a standard savings account. Your money is FDIC-insured, safe, and ready when you need it. The key difference is the payoff. Even a small balance can grow quickly when it's earning several times the national average.
But rates may not stay this high for long. The Fed's next meeting is just three weeks away, and a rate cut is widely expected. That makes now a smart time to grab one of today's stronger APYs.
Here are the best high-yield savings account rates available today.
- 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 26, 2025.
Featured 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. 
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 3.80%
Rate info
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% 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#2. SoFi Bank, N.A. Member FDIC.
Min. to earn: $0
|
Earn $50 or $400 and +0.70% Boost on Savings APY with direct deposit. Terms apply.
Earn up to 3.80% Annual Percentage Yield (APY) on one SoFi Savings account with a 0.70% 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#2. SoFi Bank, N.A. Member FDIC. |
Open Account for SoFi Checking and Savings
On SoFi's Secure Website. |
Open Account for EverBank Bank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
4.15%
Rate info
Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate -- currently 3.95% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees.
Min. to earn: $1
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Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
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Open Account for EverBank Bank High-Yield Savings Account from Raisin
On Raisin's Secure Website. |
Open Account for CIT Platinum Savings
On CIT's Secure Website.
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. |
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 January 9, 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 August 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.
For complete list of account details and fees, see our Personal Account disclosures.
CIT General Disclosure
For complete list of account details and fees, see our Personal Account disclosures. https://www.cit.com/cit-bank/resources/forms
¹New customers only. Earn a cash bonus when you deposit and maintain funds with partner banks on the Raisin platform. Customers can earn up to $60 for depositing between $10,000 and $24,999 ($50 welcome bonus + $10 bonus boost when you set up two recurring deposits or more totaling $100), up to $150 for depositing between $25,000 and $49,999 ($125 welcome bonus + $25 bonus boost when you set up two recurring deposits or more totaling $250), up to $300 for depositing between $50,000 and $99,999 ($250 welcome bonus + $50 bonus boost when you set up two recurring deposits or more totaling $500), up to $600 for depositing between $100,000 and $199,999 ($500 welcome bonus + $100 bonus boost when you set up two recurring deposits or more totaling $1,000), and up to $1,200 for depositing $200,000 or more ($1,000 welcome bonus + $200 bonus boost when you set up two recurring deposits or more totaling $2,000).
To qualify for the bonus, you must be a new Raisin customer who signs up between June 1, 2026, and July 31, 2026, and the promo code SUMMER26 must be entered at the time of sign-up. Deposit at least $10,000 within 14 days of your first deposit. You can make one or multiple deposits during this window, and your total deposited amount determines your bonus tier. You may add more funds during the 14-day window to reach a higher bonus tier. Satisfying these base requirements is mandatory to unlock and earn the optional recurring deposit boost. You can add this boost during your 14-day window by setting up an automated schedule that posts at least twice during the 90-day holding period. The recurring deposit boost is an extra cash reward earned by setting up an automated savings schedule within your first 14 days that posts at least twice during the 90-day holding period. Your base welcome bonus tier sets the maximum cap for this extra reward. If you choose to skip it, you will still earn your base welcome bonus by meeting the standard qualifying terms. However, you cannot earn the recurring boost on its own; satisfying the base welcome bonus requirements is mandatory to unlock it.
Once the deposit window closes, your balance must remain at or above your qualifying bonus tier for 90 days. If your balance drops below that amount during the 90-day period, you may no longer be eligible for that bonus. Only funds deposited within 14 days of the initial deposit date and maintained with partner banks on the Raisin platform for 90 days will be eligible for this bonus.
Bonus cash will be deposited by Raisin into the customer’s Cash Account within 30 days of meeting all qualifying terms. This offer is available to new customers only and may not be combined with any other bonus offers. Raisin reserves the right to modify or terminate this offer at any time.
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.
Is now the right time to open a high-yield savings account?
Right now, the top HYSAs are paying between 4.00% and 5.00% APY -- well above inflation and far better than the tiny returns most big banks offer.
They're also safe and flexible. Your deposits (up to $250,000) are FDIC-insured, and you can transfer or withdraw funds whenever you need. Link it to your checking account, and your cash is always within easy reach.
But today's high rates may not stick around. The Fed has kept interest rates steady this year, yet many experts expect a cut at the September meeting -- just three weeks away -- and some banks have already begun trimming APYs. Wait too long, and you could miss out on the best rates available now.
How to open an HYSA in 3 simple steps
You can open a high-yield savings account in just a few minutes. Here's how:
- Find the best high-yield savings account for you. Look for a high APY, no monthly fees, and no requirements that you can't meet (like a minimum balance). Also make sure the bank offers a checking account so you can link it to your savings and make instant transfers.
- Apply for an account on the bank's website. You'll need to provide some basic information, like your address and Social Security number.
- Transfer your money. Log into your new bank's website and transfer money from your old savings account into your new one. Transfers between different banks typically 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 can your savings earn in an HYSA?
With a 4.00% APY, your savings can grow faster than you might think -- whether you start with a little or a lot. The table below shows how much you can earn over various lengths of time with different starting balances:
| 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.
The sooner you open an HYSA, the sooner your money starts working harder, often earning 10 times the interest of a typical savings account. So don't wait -- open a high-yield savings account today.
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Sources
FAQs
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Right now, the best savings account rates are those between about 3.80% 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 0.38%.
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Right now, the best HYSA rates are between 4.00% and 5.00% APY -- enough to help your savings grow faster than inflation. But rates could drop as soon as next month, so taking advantage of a top rate now could mean more earnings.
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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.
Motley Fool Stock Disclosures
The Motley Fool has positions in and recommends Axos Financial. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.