Today's Best High-Yield Savings Account Rates: Sept. 2, 2025 -- Earn up to 5.00% APY

Savers are still in a good spot as September kicks off. Many high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- well above the low returns most big banks still offer.

An HYSA works like a regular savings account, but with a much bigger payoff. Your money stays safe, FDIC-insured, and easy to access, while even a small balance can grow faster than it would in a standard account.

With the Fed meeting less than three weeks away and a rate cut expected, these elevated yields may not stick around. Check out the top offers while they're still available.

• 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 Sept. 1, 2025.

Featured pick: The NexBank High-Yield Savings Account from Raisin stands out with a 4.12% 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 2025

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 4.30% Rate info Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus 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	Earn up to $300 and +0.70% Boost on Savings APY with direct deposit. Terms apply. Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates 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 CIT Platinum Savings On CIT's Secure Website. Member FDIC. 4.60/5 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	3.85% Rate info 3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY Min. to earn: $5,000	Earn a bonus of up to $300 after a one-time deposit of $25,000+ This limited-time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025, and can end at any time without notice. Customers will receive a $225 or a $300 bonus provided that the program requirements are met. Click here to see promotion details and terms: https://www.cit.com/cit-bank/platinum-savings/PS2025	Open Account for CIT Platinum Savings On CIT's Secure Website.
Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website. Member FDIC. 4.40/5 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	4.05% Rate info The annual percentage yield (APY) is accurate as of November 6, 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	N/A	Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website.

Disclaimers

The annual percentage yield (APY) is accurate as of November 6, 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.

Accurate as of the time of publication. The national average rate referenced is from the FDIC's published National Rates and Rate Caps for Savings deposit products, accurate as of October 20, 2025. See the website for more information.

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.

Should you open an HYSA now?

At the moment, top HYSAs are paying between 4.00% and 5.00% APY -- well above inflation and far better than the near-zero returns most big banks still give.

They're safe, flexible, and simple to manage. Your deposits (up to $250,000) are FDIC-insured, and you can move or withdraw your money anytime. Unlike a CD, there's no long-term lockup, so an HYSA works whether you're building an emergency fund, saving for a short-term goal, or just parking extra cash where it earns more.

The catch is that these high rates may not last. The Fed has held interest rates steady so far this year, but many experts expect a cut at the September meeting -- now just weeks away. Some banks have already started lowering APYs, which means waiting could cost you access to today's best returns.

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:

1. 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.
2. Apply for an account on the bank's website. You'll need to provide some basic information, like your address and Social Security number.
3. 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:

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.