Up to 5.00% APY: These Are the Best High-Yield Savings Account Rates Today, Sept. 1, 2025

Updated - First published on Sept. 1, 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.

Savers are in a strong position right now. Many high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- far above the tiny returns at most big banks.

An HYSA works just like a regular savings account: safe, FDIC-insured, and easy to access. The difference is the payout, and even a small balance can grow much faster here than in a standard account.

With the Fed meeting less than three weeks away and a rate cut expected, today's higher yields may not last. That makes now a good time to grab a top offer while they're still available.

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 31, 2025.

A standout offer: The NexBank High-Yield Savings Account from Raisin stands out with a 4.15% APY and only $1 necessary to get started. It's one of the few top-tier rates still widely available -- and with no monthly account fees, it's a smart move while rates remain high. Read our full review of the NexBank High-Yield Savings Account from Raisin to learn more and open an account today.

Our Picks for the Best High-Yield Savings Accounts of 2026

Account APY Bonus Next Steps
up to 3.80%
Rate info Circle with letter I in it. 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. Circle with letter I in it.

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.
4.15%
Rate info Circle with letter I in it. Earn a guaranteed 4.15% APY for 90 days. After that, your savings keep growing at a competitive standard rate — currently 3.97% APY (subject to change). No minimum account balance required. Deposit or withdraw at any time with no additional fees. See product terms for complete details.
Min. to earn: $1
Earn up to $1,200 when you sign up and fund your account using code SUMMER26.¹
up to 4.10%*
Rate info Circle with letter I in it. 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 Circle with letter I in it.

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.
Disclaimers

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 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.

CIT General Disclosure

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

¹New customers only. Earn a cash bonus (the "Base Bonus") when you deposit and maintain funds with partner banks on the Raisin platform. Customers will receive a Base Bonus of $50 for depositing between $10,000 and $24,999; $125 for depositing between $25,000 and $49,999; $250 for depositing between $50,000 and $99,999; $500 for depositing between $100,000 and $199,999; and $1,000 for depositing $200,000 or more.

Customers may earn an additional bonus by setting up a recurring deposit within 14 days of their initial deposit (the “Recurring Deposit Bonus”). To qualify, the recurring deposit must be established within 14 days of the initial deposit date and it must execute at least two (2) times within 90-days of the initial deposit. Recurring Deposit Bonus eligibility is determined by your Base Bonus tier:

  • Customers depositing between $10,000–$24,999 with aggregate recurring deposits of $100 or greater receive a $10 bonus
  • Customers depositing between $25,000–$49,999 with aggregate recurring deposits of $250 or greater receive a $25 bonus
  • Customers depositing between $50,000–$99,999 with aggregate recurring deposits of $500 or greater receive a $50 bonus
  • Customers depositing between $100,000–$199,999 with aggregate recurring deposits of $1,000 or greater receive a $100 bonus
  • Customers depositing between $200,000+ with aggregate recurring deposits of $2,000 or greater receive a $200 bonus

Customers are eligible to earn the Recurring Deposit Bonus associated with their Base Bonus tier or any lower Recurring Deposit Bonus tier. For example, a customer with an initial deposit of $200,000 (qualifying for the highest Base Bonus tier) whose aggregate recurring deposits total $500, is eligible for the lower tier and will receive the $50 Recurring Deposit Bonus. However, setting up a recurring deposit greater than your Base Bonus tier's required threshold will not qualify you for a higher Recurring Deposit Bonus.

The Recurring Deposit Bonus is paid in addition to the Base Bonus. To qualify for the Base Bonus and Recurring Deposit Bonus, your first deposit must be initiated between June 1, 2026, and August 31, 2026, by 11:59 PM ET, and the promo code SUMMER26 must be entered at the time of sign-up. 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 the Base Bonus. Bonus cash will be credited directly to your 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 may modify or end this offer at any time and may withhold or revoke bonuses in cases of fraud, abuse, or violation of these terms or Raisin’s Terms of Service.

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.

Unlock today's strongest rates -- and tomorrow's, too
We track savings accounts with standout APYs, fewer fees, and better terms. Join 35,000+ readers getting weekly roundups of top rates and smarter ways to grow their money.
By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.

Is now the right time to open a high-yield savings account?

Right now, many of the best HYSAs are paying between 4.00% and 5.00% APY -- far above inflation and much higher than the pennies most big banks still offer.

They're safe, flexible, and easy to use. Your deposits (up to $250,000) are FDIC-insured, and you can transfer or withdraw funds whenever you need. Unlike CDs, you don't have to commit your cash for months or years, which makes an HYSA a smart option whether you're saving for a trip, an emergency fund, or something bigger down the road.

The catch? These strong rates may not stick around. The Fed has kept interest rates steady so far this year, but many experts expect a cut at the September meeting -- now less than three weeks away. Some banks are already trimming APYs, so waiting could mean missing out on today's top offers.

Open a high-yield savings account in 3 easy steps

It only takes a few minutes to open an HYSA. Here's what to do:

  1. 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.
  2. 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.
  3. 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 an HYSA?

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
Data source: Author's calculations.

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.

FAQs

  • 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%.

  • Today's still-high rates will 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 in the meantime.

  • 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 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.