Best High-Yield Savings Accounts: Top Online Savings Accounts and Interest Rates of 2025

When shopping for the best online savings accounts, you should consider the account's interest rate, monthly service fees, ease of use, and additional perks.

A high-yield savings account, also known as an HYSA, is a type of savings account that offers a higher interest rate than a traditional savings account. It can be a good place to keep money that you may need access to in the near term while still earning a high return on your cash.

The Federal Reserve has kept rates steady so far in 2025, keeping savings account rates at historic highs.

Featured Nationally Available Deposit Rates

Best Savings Account Rates

• Today's top rate: Community Financial Credit Union High Yield Savings Account (up to 10.00% APY)
• Best for a low account balance: Varo Savings Account (2.50% to 5.00%* APY)
• Best bundled checking and savings: Pibank Savings (4.60% APY)
• Best account from a credit union: Vibrant Credit Union Preferred Savings (1.00% to 4.50% APY)
• Best for ATM Access: LendingClub LevelUp Savings Account (up to 4.20% APY)
• Best from a large bank: how to save money and be more consistent with your habits, consider the following tips:
  • Set a savings goal. Creating a financial goal can be a helpful way to make saving money more tangible. To make a good saving goal, you should be precise instead of vague. Have a clear purpose for your goal, attach a dollar amount, and set a timeframe for when you want to achieve your goal.
  • Automate your savings. Some financial planners recommend setting up automatic transfers from your checking account so that after every paycheck, you have some money moved to your savings account. This is often called the banks offer 24/7 customer support by phone or through live chat for online savings accounts, so you may look into these options if traditional banking hours don't work well with your schedule.

    You can also check a 7% interest savings accounts right now, and this account offers much higher interest.

    You can earn up to 10.00% APY in this account pretty easily; once you meet the minimum opening balance of $5, you'll automatically earn the high interest rate on the first $1,000 in the account. If your balance goes over $1,000, you'll only earn 0.10% APY on the extra cash.

    You will need to qualify for membership with this credit union to open the account, which could be hard depending on where you live. To join Community Financial Credit Union, you'll need to live, work, attend school, or worship in Michigan. You can also join if you live in the same household as a current member or if you have an immediate family member who qualifies to join. If you own a business, you might be able to join through your company if it regularly does business in Michigan.

    Community Financial Credit Union has a A- rating from the BBB because of the large number of complaints filed against the bank. It has no recent controversies.

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    Best Bundled Checking and Savings Account: Axos ONE Savings and Checking Bundle

    Axos ONE Savings and Checking Bundle

    Start banking

    On Axos Bank's website

    

    Insider’s Rating

    4.5/5

    Perks

    * The Annual Percentage Yield (APY) is accurate as of 08/01/2025. The base and promotional interest rate and corresponding APY for Axos ONE Checking is variable and is set at our discretion. The base and promotional interest rate and corresponding APY for Axos ONE Savings is variable and is set at our discretion. Axos ONE Savings is a tiered variable rate account. Axos ONE Checking is a non-tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. Promotional terms and conditions are subject to change or removal without notice. Incentive may be taxable and reported on IRS Form 1099-MISC. Consult your tax advisor. After the accounts are opened, the amount of incentive earned will depend on meeting the additional requirements outlined below. The Axos ONE Checking account will earn a base rate of 0.00% APY. The Axos ONE Savings account will earn a base rate of 1.00% APY. Axos ONE accounts are eligible to receive a promotional APY for each statement cycle where the promotional criteria are met during the Qualification Period. To receive the promotional APY on both Axos ONE Checking and Axos ONE Savings, the Axos ONE Checking account must meet both of the requirements in either Option 1 or Option 2 below during the Qualification Period: Option 1 1. Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total. 2. The average daily balance of your Axos ONE Checking account is at least $1,500. Option 2 1. Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total. 2. The average daily balance of your Axos ONE Checking account is at least $5,000. If both of the requirements in either Option 1 or Option 2 above are met during the Qualification Period: The Axos ONE Checking account will earn a promotional rate of 0.51% APY for the statement cycle in which the requirements are met. The Axos ONE Savings account will earn a promotional rate of up to 4.46% APY for the statement cycle in which the requirements are met. The Qualification Period is from the 1st of the month through the 25th of the month. The Qualification Period for new accounts will begin on the day the account is approved. Any qualifying direct deposits received after the 25th of the month will count toward the next Qualification Period. A direct deposit is an electronic deposit of your paycheck or government benefits, such as Social Security, Disability, etc. Other deposits (i.e., online banking transfers, ATM and mobile check deposits, etc.) or person-to-person payments are not considered a direct deposit. Qualifying deposits only include deposits from the following eligible sources: (i) ACH transfers from external accounts, (ii) inbound wire transfers from external accounts, (iii) check deposits. Qualifying deposits do not include: (i) transfers internal to the bank (i.e., transfers between an account holder’s Checking and/or Savings account), (ii) interest payments, (iii) promotional bonuses, (iv) credits, reversals, and refunds. Both accounts must be in an open and active status on the date the interest is paid to receive the promotional APY for that statement cycle. Account transactions may take one or more business days from the transaction date to post to the account.

    Earn up to 4.46% APY on savings, and 0.51% APY on checking when you meet requirements. Access expanded FDIC coverage up to $265 million with Axos Bank InsureGuard+ Savings from IntraFi® Network.

    Fees

    no monthly service fee

    Annual Percentage Yield (APY)

    Earn 4.46% APY on your savings account balance and 0.51% APY on your checking account balance by completing both requirements in Option 1 or Option 2. 1) Your Axos ONE Checking account has received qualifying direct deposits of at least $1,500 in total and the average daily balance of your Axos ONE Checking account is at least $1,500. 2) Your Axos ONE Checking account has received qualifying deposits of at least $5,000 in total and the average daily balance of your Axos ONE Checking account is at least $5,000.

    up to 4.46%

    Minimum Opening Deposit

    $0

    Pros

    • Early direct deposit
    • Enhanced FDIC protection
    • High interest if you can meet the requirements
    • No monthly service fees
    • No minimum opening deposit
    • 24/7 customer service for banking products
    • Large ATM network
    • Interest compounds daily

    Cons

    • Low interest rate if you cannot meet requirements
    • Cannot overdraft your account
    • Online-only bank

    Product Details

    • Earn up to 4.46% APY on savings, and 0.51% APY on checking when you meet requirements.
    • Get your money up to 2 days early. You’ve earned it, so start earning on it.
    • No monthly maintenance, minimum balance, account opening, or overdraft fees.
    • We’ve got you covered. Access expanded FDIC Insurance for up to $265 million.
    • Access a network of over 95,000 fee-free ATMs.
    • Manage all your bank accounts from one place in the Axos app.
    • Link external accounts in the app to move your money seamlessly.

    Show Pros, Cons, and More

    The Axos ONE Savings and Checking Bundle; your savings account balance can earn up to up to 4.46% APY, while your checking account balance can earn up to 0.51% APY. The account also comes with other perks, like Pibank Savings offers one of the highest-yield savings account rates nationally without any limits or requirements. This online savings account pays 4.60% APY, and it has a $0 minimum opening deposit and no monthly service fees. You won't need to maintain a certain balance to earn this high rate, and you won't need to make a certain amount of direct deposits each month, making it a low-maintenance account.

    If you haven't heard of Pibank before, it's an online brand of Intercredit Bank, a financial institution in Miami.

    While this online savings account offers a competitive interest rate and has relatively flexible opening requirements, there are a couple of downsides. Pibank Savings doesn't support payments through Bill Pay or Zelle. You also may be charged fees by your external financial institution for outgoing and incoming wire transfers.

    The BBB gave Intercredit Bank an A+ rating from the BBB. Neither Openbank nor Santander Bank have recent controversies.

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    FAQs

    What is the top high-yield savings account?

    The current top high-yield savings account rate is from the Community Financial Credit Union High Yield Savings Account, which offers up to 10.00% . You'll need to live in Michigan to open an account, though.

    Will savings interest rates go down in 2025?

    Yes, the savings rate forecast for 2025 indicates rates are expected to decline throughout the year. Savings account rates peaked, and as market conditions change, it's expected that banks will steadily lower rates in response to Fed rate cuts.

    Are there any fees associated with high-yield savings accounts?

    Some fees associated with high-yield savings accounts include monthly maintenance fees, excess transaction fees, paper statement fees, and inactivity fees.

    What is a high-yield savings account?

    A high-yield savings account is a type of savings account that offers higher interest rates than traditional savings accounts. High-yield savings accounts are typically online-only.

    Where can I get 6% interest on my savings account?

    There aren't any nationwide banks and credit unions paying 6% APY on savings accounts right now. You can still find local financial institutions that pay at least 6% on savings accounts, though.

    

    Kit Pulliam

    Banking reporter

    Kit Pulliam (they/them) was a banking expert who specialized in certificates of deposit, savings accounts, and checking accounts. They’ve been reporting, editing, and fact-checking personal finance stories for more than four years. ExperienceIn college, Kit worked as an undergraduate research assistant in a psychology lab. While there, they found that they were passionate about writing and helping others write about topics that matter.Before Business Insider, Kit was an editorial specialist for Tax Analysts, diving into the tax code to help readers get the best information about a confusing but necessary subject.They find banking similar to taxes in that way: There are some things everyone needs to know because just about everyone needs to work with a bank — and you don’t want to end up with an account that doesn’t serve your needs.As interest rates changed, they enjoyed the fast pace of reviewing rates for products like CDs and high-yield savings, which can change daily and have a direct impact on readers’ money.Their work has been featured in Business Insider and MSN. They were part of the Milestone Moments series with Business Insider.ExpertiseTheir expertise includes:

    • Certificates of deposit
    • Savings accounts
    • Checking accounts
    • CD rates
    • Bank reviews

    EducationKit is an alumnus of Vanderbilt University, where they studied English and psychology and received the Jum C. Nunnally Honors Research Award for their senior thesis.Outside personal finance, Kit enjoys reading, film, video games, and cross-stitching. They are based in the DC area.

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    Evelyn He

    Compliance and Operations Associate

    Evelyn He is a compliance and operations associate for Business Insider’s Personal Finance team. Evelyn ensures content accuracy and editorial independence so readers get the most up-to-date and objective financial advice, enabling them to make informed financial decisions.ExperienceAs part of the compliance team, Evelyn helps fact check Personal Finance stories and works to make sure that the language is clear, precise, and compliant with government regulations and partner guidelines. Previously, Evelyn worked as a compliance specialist for Apellis Pharmaceuticals and a legal assistant at the law firm Morrison Mahoney.ExpertiseEvelyn is an expert in the following areas:

    • Compliance
    • Quality assurance
    • Affiliate marketing
    • Search engine optimization (SEO)
    • Content strategy

    EducationEvelyn earned a bachelor’s degree in business administration from UMass Amherst and a master’s in marketing from Boston University. Evelyn has two dogs, Money and Tibber.

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