Looking to grow your money without risking a dime? High-yield savings accounts are the perfect solution for Americans who want safe, stable returns while keeping their cash liquid. With interest rates staying competitive in 2025, it’s the ideal time to open or switch your savings account.
In this post, we’ll break down the best high-yield savings accounts in the USA, based on:
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APY (Annual Percentage Yield)
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No hidden fees
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FDIC insurance
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Easy online access
🔍 What is a High-Yield Savings Account?
A high-yield savings account (HYSA) is a type of savings account that pays much higher interest than traditional savings — often 10–20x more. These accounts are usually online-based, so they pass the savings on to you.
🏆 Top 5 High-Yield Savings Accounts in 2025 (Updated August)
1. SoFi High-Yield Savings
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APY: Up to 5.00%
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Minimum Balance: None
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Fees: $0 monthly fees
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Pros: Get paid 2 days early, automated savings tools
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Best For: Everyday savers looking for full-featured banking
2. Discover Online Savings
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APY: 4.35%
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Minimum Balance: None
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Fees: No monthly fees, no overdraft
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Pros: Reliable brand, user-friendly interface
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Best For: New savers wanting zero hassle
3. Ally Bank
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APY: 4.25%
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Minimum Balance: $0
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Fees: None
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Pros: Great mobile app, strong customer support
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Best For: Budgeters and mobile users
4. American Express® High-Yield Savings
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APY: 4.30%
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Minimum Balance: None
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Fees: $0 monthly fees
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Pros: Trusted brand, fast transfers
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Best For: People with existing Amex cards
5. Marcus by Goldman Sachs
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APY: 4.40%
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Minimum Balance: $0
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Fees: None
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Pros: No transaction limits, clean UI
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Best For: Long-term savers
💡 How to Choose the Right HYSA
When choosing the best savings account, consider:
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✅ APY – the higher, the better
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✅ No monthly fees
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✅ Mobile access
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✅ FDIC insurance for peace of mind
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✅ Customer service reputation
📈 How Much Can You Earn?
Let’s say you deposit $10,000 into a 5.00% APY savings account:
| Year | Interest Earned |
|---|---|
| 1 | $500 |
| 3 | $1,576.25 |
| 5 | $2,762.82 |
And that’s risk-free, with full liquidity.
🔐 Is My Money Safe?
Yes. All banks on this list are FDIC-insured, meaning your deposits are protected up to $250,000 per accoun