Best High-Yield Savings Accounts: What You Need to Know
Best High-Yield Savings Accounts are your ticket to earning more on idle cash. If you’re still parking your money in a basic savings account, you’re leaving free money on the table. In 2025, top high-yield savings accounts (HYSAs) are offering rates 10–15x higher than the national average. Whether you’re building your emergency fund, saving for a big goal, or just want your cash to work harder for you, these accounts can help you grow your wealth passively with zero risk and full liquidity. Below, I’ve reviewed the best high-yield savings options you can open today.
SoFi High-Yield Savings Account
SoFi’s High-Yield Savings is one of the top-rated HYSAs for 2025, thanks to its competitive APY, fee-free structure, and user-friendly mobile app. SoFi also lets you set up “vaults” for different savings goals, making it easy to stay organized. The SoFi ecosystem is especially appealing if you also want to take advantage of their investing or loan products down the line. There’s no account fee and no minimum deposit, which makes this account accessible for new savers and high-balance clients alike.
Discover Online Savings Account
Discover’s Online Savings Account remains a long-time favorite for a reason: you get a solid APY, legendary customer service, and zero monthly fees. Discover also makes it easy to set up automatic transfers from your checking account, so you can build your savings effortlessly. While the APY is slightly lower than SoFi’s, the service quality and ease-of-use make Discover a trusted choice for those who value reliability and a seamless digital experience.
Ally High-Yield Savings Account
Ally’s High-Yield Savings Account continues to stand out with its smart goal-setting features, like “Buckets” that let you divide your savings into categories — travel, emergency, big purchases — without opening separate accounts. The “Savings Boosters” help you round up purchases or set up recurring transfers. Ally’s interface is super simple, and their customer support consistently scores high marks.