Best High-Yield Savings Account Rates Today: August 25, 2025 -- Up to 5.00% APY

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Yesterday

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Savers still have the advantage for now. Many high-yield savings accounts (HYSAs) are paying 4.00% APY or more -- well above the low returns you'll find at most big banks.

An HYSA is easy to use and works just like a standard savings account. Your money stays FDIC-insured, safe, and available whenever you need it. The difference is the payout. Even a small balance can earn far more interest than it would at a traditional bank.

But change could be coming soon. The Fed's next meeting is less than a month away, and a rate cut is widely expected. That means today's stronger APYs may not last.

Here are the best high-yield savings account rates you can get 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 4.46% APY (Min. balance: $1,500)

Data source: Issuing banks. Rates are accurate as of August 24, 2025.

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. Read our full Barclays Tiered Savings review to learn more and open an account today.

Our Picks for the Best High-Yield Savings Accounts of 2025

ProductAPYMin. to Earn
SoFi Checking and Savings
Member FDIC.
APY
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 and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
Min. to earn
$0
Open Account for SoFi Checking and Savings

On SoFi's Secure Website.

Member FDIC.
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 and enroll in SoFi Plus by 9/3/25. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC. SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
$0
Open Account for SoFi Checking and Savings

On SoFi's Secure Website.

NexBank High-Yield Savings Account from Raisin
Member FDIC.
APY
4.31%
Min. to earn
$1
Open Account for NexBank High-Yield Savings Account from Raisin

On Raisin's Secure Website.

Member FDIC.
4.31%
$1
Open Account for NexBank High-Yield Savings Account from Raisin

On Raisin's Secure Website.

American Express® High Yield Savings Account
Member FDIC.
APY
3.50%
Rate info Circle with letter I in it. 3.50% annual percentage yield as of August 25, 2025. Terms apply.
Min. to earn
$0
Open Account for American Express® High Yield Savings Account

On American Express's Secure Website.

Member FDIC.
3.50%
Rate info Circle with letter I in it. 3.50% annual percentage yield as of August 25, 2025. Terms apply.
$0
Open Account for American Express® High Yield Savings Account

On American Express's Secure Website.

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 a high-yield savings account?

Right now, many top HYSAs are paying between 4.00% and 5.00% APY -- far above inflation and much higher than the tiny returns most standard savings accounts offer.

They're also safe and flexible. Your deposits (up to $250,000) are FDIC-insured, and you can move or withdraw your money whenever you like. Link it to your checking account, and your cash is always close at hand.

That said, today's high 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 -- and some banks have already started trimming APYs. Wait too long, and you could miss out on the best returns available now.

3 quick steps to open an HYSA

You can open a high-yield savings account in just a few minutes. Here's how:

  1. Pick the right high-yield savings account. Search for one with a strong APY, no monthly fees, and requirements you can easily meet. If possible, choose a bank that also offers a checking account so you can link the two for quick transfers.
  2. Apply online. Most banks let you open an account online. You'll just need a few basics, like your address and Social Security number.
  3. Move your money. Log in to your new account and transfer funds from your old savings or checking account. Transfers between banks usually take a few business days.

And that's it -- you're ready to start earning more interest. Just remember to update any automatic deposits or bill payments to your new account.

How much can you earn in a high-yield savings account?

With a 4.00% APY, your savings can grow faster than you might think. Here's how much interest you'd earn over time with an HYSA paying 4.00% APY, depending 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.

Given enough time, even a modest balance can bring in thousands in interest -- and that's without adding another dollar.

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.

    • https://www.varomoney.com/high-yield-savings-account/
    • https://www.pibank.com/pibank-savings/
    • https://elevault.app/
    • https://www.presidential.com/personal/banking/savings
    • https://www.axosbank.com/personal/bank/axos-one

FAQs

  • Right now, the best HYSA rates are between 4.00% and 5.00% APY -- enough to 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.

  • 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%.

  • The biggest downside of a high-yield savings account is that interest rates can fluctuate. Unlike the fixed rates of CDs, the interest rate on savings accounts can change based on market conditions, potentially reducing your earnings over time. This variability means your returns might not be as predictable as with other fixed-rate investments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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