High-yield savings accounts are an attractive option for people who want to grow their savings while maintaining liquidity and security in today’s financial landscape. These accounts usually offer higher interest rates than traditional savings accounts, so your money works harder for you. Here are five high-yield savings accounts that stand out in 2025
- Capital One 360 Performance Savings Account™ : Interest Rate: 3.80% APY Pros: No minimum balance requirement, no monthly maintenance fees, and can bank in person. Cons: Interest rate might not be the highest available, but it has a good balance of benefits.
- American Express® High Yield Savings Account:
Interest Rate: 3.80% APY
Pros: No minimum balance requirement, no fees to open or maintain the account, and member FDIC insured. Cons: Interest rate is competitive but not the highest on the market. - EverBank Performance℠ Savings:
Interest Rate: 4.30% APY
Pros: No minimum balance requirement, no monthly maintenance fees, and competitive interest rate. Cons: Limited to online banking, which may not be suitable for everyone. - Marcus by Goldman Sachs High-Yield Online Savings Account
Interest Rate: 3.90% APY Pros: No minimum balance requirement, no fees to open or maintain the account, and member FDIC insured. Cons: Interest rate is slightly lower than some other options, but still competitive. - Varo Savings Account
Interest Rate: 2.50% to 5.00% APY based on balance Pros: No minimum balance requirement, no fees to open or maintain the account, and member FDIC insured. Cons: Interest rate varies based on account balance, and higher rates may require maintaining a higher balance.
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