Best High-Yield Savings Account Rates Today, June 24, 2025: Up to 5.00%

Published on June 24, 2025

Jake FitzGerald

By: Jake FitzGerald

Editorial Strategist

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.

The Fed wrapped up its June 18 meeting last week without adjusting interest rates, giving savers a little more breathing room to lock in today's top yields. Right now, many high-yield savings accounts (HYSAs) are still offering APYs above 4.00% -- far better than what you'd get at most brick-and-mortar banks.

With an HYSA, you don't have to choose between earning strong interest and keeping your money accessible. You get flexible access, competitive returns, and FDIC protection all in one account.

We've rounded up the best high-yield savings rates available today to help you make the most of your money while rates are still holding firm.

Featured pick: 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. Open a Barclays Tiered Savings account today.

  • Varo Savings -- up to 5.00% APY (Max APY on up to $5,000, 2.50% APY after)
  • Axos ONE® -- up to 4.46% APY (Min. balance: $1,500)
  • Pibank Savings -- 4.60% APY (No min. balance)
  • Elevault -- 4.60% APY (No min. balance. Balances over $250,000 do not earn interest)
  • Go2bank Savings -- 4.50% APY (No min. balance)

Data source: Issuing banks. Rates are accurate as of June 23, 2025.

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. 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
4.31%
$1
3.50%
Rate info Circle with letter I in it. 3.50% annual percentage yield as of August 28, 2025. Terms apply.
$0

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.

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Is now a good time to open an HYSA?

With the Fed keeping rates steady for now, there's still time to take advantage of today's strong savings yields. While most traditional banks are barely offering any interest, many high-yield savings accounts are paying as much as 5.00% APY -- without requiring you to tie up your money.

It's a low-risk way to earn more on your cash while keeping it fully accessible. Combine that with FDIC insurance, and you've got a low-risk, flexible way to grow your savings.

Just don't assume these rates will stick around forever. As the chart below demonstrates, yields can rise quickly -- and fall just as fast if rate cuts are on the horizon.

How to open a high-yield savings account

Opening a new HYSA is fast and easy. Here's how to get started:

  1. Shop around and compare rates. Compare offers from different banks and credit unions to find the highest APY, minimal fees, and helpful features like mobile access and easy transfers. Online banks often offer the most competitive rates.
  2. Have your personal information ready. Be prepared with details like your name, address, Social Security number, and a valid form of ID.
  3. Submit your application. Most banks let you apply online by filling out a short form to open your new account.
  4. Fund your account. Link an existing checking or savings account to transfer funds. Some banks may require a small opening deposit, so check the account terms.
  5. Set up access. Download the bank's app or log in online to easily track your balance, transfer money, and manage your savings anytime.

Earn nearly $400 in a year on a $10,000 HYSA balance

How much you earn from a high-yield savings account comes down to two things: your balance and the annual percentage yield (APY).

For example, if you park $10,000 in an account offering 3.90% APY, you'd earn about $390 in interest over the course of a year. And unlike a CD, your cash stays fully accessible. That's a big improvement over the tiny returns you'd get from a standard savings account at a traditional bank.

Opening an account with a top-tier APY, like Barclays Tiered Savings, can help you maximize your returns before rates drop. Open a Barclays Tiered Savings account here before rates fall again.

Open a SoFi Checking and Savings account (Member FDIC) and get a cash bonus

For those who plan to utilize direct deposit with their new account, the SoFi Checking and Savings account (Member FDIC) is tough to beat. Not only does this savings account offer a strong APY of up to 3.80%, but the linked checking account earns an above-average rate, too -- a rare perk. Even better: Earn up to $300 bonus with direct deposit. Plus, new customers earn an extra 0.70% APY on savings for up to 6 months with direct deposit (terms apply) -- that equals up to 4.50% APY!

Frankly, it's the kind of combo that could make it worthwhile to switch banking relationships. Open a SoFi Checking and Savings account (Member FDIC) today and see how to qualify for the full bonus.

FAQs

  • 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 0.39%.

  • Yes, the interest rate on a high-yield savings account is variable, which means it can go up or down at any time. Rates often follow changes in the federal funds rate, so they may increase during rising rate environments and decrease when rates fall.

  • Yes, high-yield savings accounts are safe as long as they're offered by an FDIC-insured bank or NCUA-insured credit union. Your deposits are protected up to $250,000 per person, per institution, in case the bank or credit union fails.

Our Research Expert

Jake FitzGerald
Jake FitzGerald icon-button-linkedin-2x

Jake is a full-time Editorial Strategist for Motley Fool Money. He specializes in product ratings and all things credit cards, and wants to make sure each person has the best card for them.