Best 10 High-Yield Savings Accounts Right Now

Saving money in today’s economic climate requires more than just stashing cash in a traditional bank account. With inflation steadily climbing and living expenses following suit, your hard-earned savings deserve to grow—not just sit idle. That’s where high-yield savings accounts come in. These modern financial tools are designed to offer significantly higher interest rates than standard accounts, allowing you to earn more without added risk.

In 2025, with digital banks leading innovation and traditional institutions stepping up their game, there’s no shortage of attractive options. But how do you decide which account is right for you? Whether you prioritize interest rates, no-fee features, or user experience, this guide to the best 10 high-yield savings accounts right now will help you make a well-informed choice.

1. SoFi High-Yield Savings: The All-in-One Powerhouse

SoFi continues to set a high bar in the financial world. With a competitive APY and no account fees, SoFi makes saving straightforward. What’s more, they’ve combined savings and checking into a single dashboard, streamlining your finances with seamless transfers, early paycheck access, and cashback on spending.

The mobile app experience is smooth, backed by robust customer support and financial planning tools. This account also integrates with SoFi’s investing and lending platforms, giving users a full-service financial ecosystem.

2. Ally Bank: The Trusted Digital Veteran

Ally Bank remains a favorite among savers who want a reliable and transparent experience. It offers a consistently high yield, daily compounded interest, and no monthly maintenance fees. Ally’s online-only model translates to better rates and an intuitive interface.

Its “Buckets” feature allows users to segment their savings for multiple goals, and there’s a helpful “Surprise Savings” tool that automatically transfers unused checking funds into your savings. Ally’s 24/7 customer service is another big win for peace of mind.

3. Discover Online Savings: Big Bank Reliability, Online Convenience

Known for credit cards, Discover also offers a standout high-yield savings product. Their current APY is highly competitive, and you won’t find any hidden fees—no minimum balance requirements, no monthly charges.

Backed by a solid reputation, Discover also provides robust account security and an easy-to-navigate platform. Plus, with 24/7 access to U.S.-based customer service, you’re never left guessing when questions arise.

4. Marcus by Goldman Sachs: Simplicity with Strength

Marcus excels in offering a straightforward, no-fuss savings account with a strong APY. It’s perfect for savers who don’t need frills or bells and whistles but want a safe place for their funds to grow faster.

With no transaction fees and high withdrawal limits, Marcus balances flexibility with profitability. The platform is also backed by one of the world’s most respected financial institutions, adding a layer of credibility and security.

5. American Express High-Yield Savings: Reputable and Rewarding

American Express brings its legacy of trust and service into the world of high-yield savings. With a user-friendly platform and strong annual yields, this account is ideal for those who already trust the AmEx brand.

The lack of monthly fees and no minimum balance requirements are big perks. Although you won’t get checking features or ATMs, AmEx makes it easy to transfer money to linked accounts, offering an ideal setup for emergency funds or short-term savings.

6. Capital One 360 Performance Savings: Big Bank Flexibility

Capital One delivers an impressive hybrid of traditional banking strength and online flexibility. Its 360 Performance Savings account offers a solid yield with no maintenance fees and no minimum balance. What’s more, its well-integrated app and banking network make accessing your money simple.

As a full-service bank, Capital One also allows easy linking between checking and savings accounts. Their branch access is a bonus for users who prefer in-person service now and then.

7. CIT Bank Savings Connect: Digital-First with a Twist

CIT Bank has gained traction among savvy savers for its high-yield offerings and commitment to tech-forward service. The Savings Connect account is particularly attractive, combining a strong interest rate with automated savings tools.

Though it’s entirely online, CIT offers customer support and mobile banking features comparable to traditional banks. The account often comes with promotional offers and rate boosts for qualifying activities, which adds more value over time.

8. Barclays Online Savings: International Brand, Domestic Focus

Barclays brings decades of international banking experience into its U.S.-based high-yield savings account. Its competitive interest rates, zero monthly fees, and no minimum balance make it a great contender in the online savings space.

Barclays’ online platform is secure and efficient, though it doesn’t offer mobile check deposit or ATM access. Still, for people who want a simple, high-interest account with a reputable brand name, it’s a solid pick.

9. Synchrony High-Yield Savings: Bonus Perks for Savers

Synchrony Bank not only delivers a solid APY but also offers optional ATM access with a linked debit card—something rare for online savings accounts. This flexibility makes it appealing for those who want fast, occasional access to their savings without sacrificing returns.

Their mobile and web interfaces are intuitive, and the bank has a strong reputation for customer satisfaction. It’s particularly useful for semi-liquid savings like vacation funds or large purchases.

10. Upgrade Premier Savings: A New Star Rising

Upgrade is one of the newer entries into the high-yield savings space, but it’s quickly turning heads. Offering some of the highest APYs in the industry with a relatively low barrier to entry, it appeals to aggressive savers looking for more growth.

Upgrade’s app includes intelligent tools that help you automate savings, track spending, and even optimize your monthly deposits. The bank is FDIC-insured and backed by Cross River Bank, ensuring your money is safe while it works harder for you.

What Makes a High-Yield Savings Account Worth It?

Interest rates are only one part of the equation. The best high-yield savings accounts also eliminate pesky fees, provide intuitive digital tools, and offer responsive customer service. In today’s market, many accounts provide yields over 4%, which can significantly outpace inflation compared to traditional savings.

Besides returns, consider factors like liquidity, ease of use, automation options, and how well the account integrates with your broader financial ecosystem. A great app, instant transfers, or built-in financial advice can make managing money easier and more effective.

Are High-Yield Savings Accounts Safe?

Absolutely. As long as the institution is FDIC-insured, your deposits are protected up to $250,000. This makes these accounts a great place for emergency funds, short-term goals, and savings you want to grow risk-free.

Even online-only banks are required to meet strict security protocols, often employing encryption, two-factor authentication, and 24/7 monitoring to protect your data and your dollars.

Conclusion

The best 10 high-yield savings accounts right now offer more than just impressive interest rates. They combine financial growth with accessibility, digital innovation, and user-friendly experiences. Whether you’re looking for no-fee simplicity, automated tools, or total financial ecosystem integration, there’s a perfect savings partner out there for you.

By choosing the right account, you don’t just protect your money—you help it grow. In a world of smart finance, your savings should be working just as hard as you do. Make the switch, and let your money finally start earning its keep.

Frequently Asked Question About Best 10 High-Yield Savings Accounts Right Now

Q1. Which high-yield savings account has the highest APY right now?

Answer: Rates vary, but Upgrade and CIT Bank often offer the highest APYs, especially during promotional periods.

Q2. Are there any fees associated with these savings accounts?

Answer: Most top high-yield savings accounts have eliminated monthly fees and minimum balance requirements, though it’s always wise to read the fine print.

Q3. How often is interest compounded?

Answer: Daily compounding is standard among the best savings accounts, which helps maximize your earnings.

Q4. Can I open more than one high-yield savings account?

Answer: Yes, you can open multiple accounts. In fact, many people do this to allocate savings for different goals or diversify across institutions.

Q5. Are high-yield savings accounts better than CDs?

Answer: They offer more liquidity than CDs, making them ideal for funds you may need quick access to. However, CDs may offer higher fixed rates if you’re willing to lock in your funds.

Q6. Do I need perfect credit to open one?

Answer: No, your credit score is usually not a factor when opening a savings account. Most banks only require identity verification.