Today's Best High-Yield Savings Account Rates: Sept. 4, 2025 -- Earn up to 5.00% APY

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 still in a good position as September gets rolling. Many high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- a big jump from the tiny returns most big banks still offer.

An HYSA works like a standard savings account, but the earnings are much better. Your money is FDIC-insured, easy to access, and safe, while even a small balance can grow faster than it would in a traditional account.

With the Fed meeting now less than two weeks away and a rate cut expected, today's higher yields may not stick around for long. Here are the best high-yield savings account rates available right now.

  • 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. 3, 2025.

Featured pick: The NexBank High-Yield Savings Account from Raisin stands out with a 4.26% 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

Product APY Min. to Earn
up to 4.50%
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
3.85%
Rate info Circle with letter I in it. 3.85% APY for balances of $5,000 or more; otherwise, 0.25% APY
$5,000
4.10%
Rate info Circle with letter I in it. The annual percentage yield (APY) is accurate as of September 30, 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.
$500 to open, $0.01 for max APY
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 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.

The annual percentage yield (APY) is accurate as of September 30, 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.

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.

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Is now the right time to open an HYSA?

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

They're safe, flexible, and easy to manage. Your deposits (up to $250,000) are FDIC-insured, and you can move or withdraw funds anytime. Unlike a CD, there's no lockup, so an HYSA works whether you're building an emergency fund, saving for something short term, or just putting extra cash to work.

The catch? These elevated rates may not last. The Fed has kept interest rates steady so far this year, but its next meeting is now less than two weeks away -- and many experts expect cuts soon. Some banks have already started lowering APYs, which means waiting could cost you today's best returns.

Open a high-yield savings account in just 3 simple steps

Getting started with an HYSA is quick and easy. Here's how:

  1. Choose the best account for you. Look for a high APY, no monthly fees, and terms you can comfortably meet. A bank that also offers checking accounts can make transferring money back and forth much smoother.
  2. Complete the application. Most banks let you open an account right on their website. You'll just need basic info like your address and Social Security number.
  3. Add your funds. Once approved, move money from your checking or savings into your new high-yield savings account. Transfers between banks can take a few business days to process.

That's all it takes to start earning more on your savings. Just make sure to update any direct deposits or bill payments so they point to your new account.

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

A 4.00% APY can make a big difference over time. Here's what your savings could grow into at 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
Data source: Author's calculations.

As the years add up, even a small deposit can turn into thousands in interest -- and that's without adding another dime.

Every day you wait is a day your money could be earning more. Open one of the top HYSAs now and watch your savings work up to 10 times harder than they would in a regular account.

FAQs

  • 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.

  • It's possible savings account rates could increase in 2025. Rate hikes depend on the Federal Reserve's actions and economic shifts. If inflation rises, banks may boost rates to attract deposits. However, at this time, experts expect that rates will decrease before the end of the year.

Our Research Expert