10 Best High-Yield Savings Accounts Of May 2025: Up to 4.50% APY

Synchrony High-Yield Savings is a great option if you’re looking for a stand-alone savings account. It offers a competitive interest rate, few fees or minimums and access to ATMs (which not all savings accounts do).

Why We Like It

With a high yield, robust customer service features and few fees, the account offers a solid package for savers.

What We Don’t Like

Synchrony is an online-only bank, making it less useful for folks who prioritize in-person communication or who want to deposit cash.

Who It’s Best For

Consider this account if you’re looking for a new emergency fund that’s not attached to a checking account. (Synchrony doesn’t offer one.)

• Earn an APY of 4.00% that compounds daily.
• No monthly maintenance fee, required minimum deposits or overdraft fees.
• No incoming wire transfer fees, though you’ll owe $25 for domestic wires. (No international wires available.)
• Access to ATM card, and no-fee options through the Plus or Accel networks. Receive up to $5 per statement in reimbursements on ATMs used in the U.S.
• Limited to 6 withdrawals per month, though that doesn’t count ATM withdrawals. After that, your withdrawals will be denied, but there is no fee.
• 24/7 customer service available via the phone and there’s a chatbot that can connect you to a human representative.

Capital One 360 Performance Savings is an excellent choice if you’re looking for a high-yield savings account with the ability to bank in person and avoid most fees and minimum requirements. While the account’s APY is much higher than the national average, you’ll find better options on this list.

Why We Like It

While consumers are becoming more comfortable banking online, it can be useful to have the option to bank in person, which Capital One allows. The account itself imposes few fees and offers a reasonably high yield.

What We Don’t Like

While the yield is high compared to the national average, there are superior options elsewhere in our ranking.

Who It’s Best For

This is the only bank on our list that has hundreds of banking branches, including its cafes, while also offering a competitive yield on its savings products. If you want to have the option of talking to a human in the flesh, this savings account may be right for you.

• You’ll earn 3.60% on all balances and interest compounds monthly.
• There’s no monthly maintenance or overdraft fee, though you’re not allowed to overdraft on your account.
• No minimum balance requirement to open an account or earn interest.
• Outgoing domestic wire transfers cost $30; international outgoing wires cost $40 and need to be completed at a branch.
• The savings account doesn’t come with an ATM card; you’ll need a checking account, as well.
• You are limited to 6 withdrawals per month. However, that limit is currently not being enforced, according to the account disclosure.
• Customer service available by phone 24/7.

If you’re looking for a high-yielding savings account from one of the nation’s largest financial institutions, this Amex product might be right for you. Still, you’ll find higher yields from other winners.

Why We Like It

American Express offers the advantages of a large financial institution, including easy-to-use digital banking features and good customer service. There are few fees, and the yield is much higher than that of many national banks.

What We Don’t Like

While high by comparison, you can still find better yields from some of our other winners. Moreover, the account doesn’t come with check-writing privileges or ATM access, making it less flexible for savers.

Who It’s Best For

American Express offers a solid digital banking experience and scores well on independent customer service metrics, making it an ideal fit for someone chiefly concerned with the ease of using an account.

• You’ll earn 3.60% APY ($0 Minimum to earn APY, rates as of 5/8/2025) on all balances, with interest compounding daily.
• There are no monthly maintenance fees, no minimum deposit requirement and you can open an account with any amount.
• Overdrafts are not allowed, and there’s no fee.
• There’s no access to ATMs or checks, but wire transfers are permitted..
• There’s no transaction limit.
• You can reach customer service 24/7, including via the mobile app.

The Barclays Online Savings account charges few, if any, fees and offers an elevated yield with no minimum deposit requirement.

Why We Like It

With no monthly fee, minimum deposit requirement or nonsufficient funds fee, you can start saving with any balance without worrying about fees offsetting the interest you earn. Interest compounds daily and there is no limit to the amount of withdrawals or transfers you can make.

What We Don’t Like

You won’t have access to any branches or ATMs. Additionally, you won’t have the option to do all your banking at Barclays, since there are no checking accounts offered.

Who It’s Best For

This account is a good option for savers looking for a no-cost account that earns a solid APY on all balances.

• You’ll earn a solid 3.80% on all balances, with interest compounding daily.
• There is no minimum deposit required to open an account, but your account may be closed if your balance remains below $1 for 180 days.
• You won’t pay any monthly fees or nonsufficient funds fees.
• There won’t be a limit to the number of withdrawals and transfers you can make out of your account each month.
• Customer service is available between 8 a.m. and 8 p.m. ET seven days a week.

The Marcus by Goldman Sachs High-Yield Online Savings account is a solid account for folks who want to avoid fees, earn an attractive yield (although not the highest) and take advantage of 24/7 customer service.

Why We Like It

You’ll earn a tidy yield on your savings, and you won’t have to deal with maintenance fees or minimum deposits. Plus, Marcus customers have access to 24/7 customer service and have reported high levels of satisfaction in independent analysis, such as the 2024 J.D. Power U.S. Direct Banking Satisfaction Study.

What We Don’t Like

While its yield is competitive, it’s not the highest on the market. Moreover, Marcus doesn’t offer a checking account, so full-service banking isn’t an option, and you can’t access your funds via an ATM, making the account less convenient.

Who It’s Best For

You’ll earn a solid yield on all balances without having to meet any requirements or pay many fees. That makes this account a good choice for someone looking to park cash for a future need (such as Christmas presents or a car down payment) and benefit from highly rated customer service.

• You’ll earn a yield of 3.75% APY on all balances, up to maximum balance limits on all balances and interest compounds daily.
• There’s no minimum balance requirement and no monthly maintenance fee. Marcus doesn’t impose a fee for outgoing or incoming wire transfers, although you can only send a transfer to an account you own at another bank.
• No access to ATMs, so you shouldn’t use this account if you think you’ll need to dip into your savings in a pinch.
• Still, you can make as many transfers out of your savings account as you wish.
• Customer service via the phone is available 24/7, and existing customers can use the chatbot for instant communication.

SoFi Checking and Savings Account is a no-fee account with perks. As its name suggests, this is a joint checking and savings account that earns interest on both savings and checking balances.

Why We Like It

SoFi pays respectable APYs on both the savings and checking portions of your balance (with savings balances earning the highest interest) and offers additional FDIC insurance up to $3 million. You can also qualify for no-fee overdraft coverage and early paycheck receipt.

What We Don’t Like

This account likely won’t be a good fit for anyone who doesn’t want to deposit their pay. Signing up for direct deposit is required to unlock all account features and the highest interest rate.

Who It’s Best For

This account is an attractive option for those who enjoy digital banking and like the idea of having their checking and savings in one place. Consider this combination account if you’re looking for a rewarding place to send your paycheck.

• You’ll earn a up to 3.80%¹ APY on your savings account, along with 0.50%¹ APY on your checking account if you sign up for eligible direct deposit, depositing $5,000 or more every 30 days, or sign up for SoFi+.
• Eligible deposits include ACH transfers, peer-to-peer transfers from apps such as PayPal and check deposits, among other options.
• Transfers between your checking account and savings account, interest payments and bonuses do not count as eligible deposits.
• There is no minimum balance requirement or monthly maintenance fee. You can find fee-free ATMs on the app, but you won’t be reimbursed for out-of-network ATM fees.⁶
• To avoid overdrafts, you can sign up for overdraft protection through linked accounts, which will move money from your savings account to your checking account⁵.
• You can also sign up for overdraft coverage if you receive at least $1,000 in monthly eligible direct deposits. This allows you to receive $50 in overdraft coverage on debit card purchases only. There are no account fees, but you must repay the amount owed within 30 days to keep coverage⁵.
• You can receive up to $3 million in additional FDIC insurance coverage through SoFi’s Insured Deposit Program².

¹SoFi 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. Only SoFi Plus members are eligible for other SoFi Plus benefits. 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. 

²SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.

³SoFi does not charge any account, service or maintenance fees for SoFi Checking and Savings. SoFi does charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.

⁴ to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

⁵Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.

⁶We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.

Citizens Access® Savings is a no-frills savings option that’s perfect for those who are only concerned about earning a high APY. The account offers little in terms of bells and whistles, but the attractive interest rate is tough to beat.

Why We Like It

The Citizens Access® Savings account offers a decent 4.50% APY, no monthly fees and a $0.01 minimum opening deposit requirement. This account stands out for seamless mobile banking with a highly rated mobile app. Citizens Access is a division of Citizens Bank.

What We Don’t Like

Citizens Access doesn’t offer a checking account, and savings customers don’t have access to ATM cards or debit cards. You also can’t make cash deposits into this account.

Who It’s Best For

The Citizens Access Savings account is best for customers who prefer digital banking. Those who want an account that encourages building a strict savings habit—with fewer options to quickly access cash via a debit card or ATM card—may be a good fit.

• This account offers a respectable 4.50% APY on all balances, compounded daily.
• There are no monthly fees, overdraft fees or minimum deposit requirements.
• Cash deposits are not accepted.
• The Citizens Access app has high ratings on the Apple App Store and Google Play Store.

Ally Savings is a well-rounded savings account that charges few fees and offers a competitive yield, though it’s outshined by other winners. It also offers 24/7 customer service, as well as live chat, making it easy to resolve issues.

Why We Like It

The combination of available customer service, solid yields and low fees (as well as tools to help you meet your savings goals) make it a great option for most savers. Its “buckets” feature can help you save for specific purchases or needs.

What We Don’t Like

You can find higher yields from other winners, and you can’t deposit cash.

Who It’s Best For

Consider this account if you prefer digital banking, prioritize low fees and accessible customer service, and want among the highest yields on the market—albeit not the best.

• All balances earn 3.60% APY that compounds daily.
• No monthly maintenance fees, required minimums or overdraft charges.
• $20 fee for domestic outgoing wire transfers, no fee for incoming wires.
• Doesn’t come with an ATM card.
• Limited to 10 withdrawals per month, though there are no fees for excess transactions. If you continually go above the limit, though, Ally may close your account.
• 24/7 customer service representatives available by phone, as well as live chat.

The Discover Online Savings account offers a solid 3.60% with almost no fees and no minimum balance requirements.

Why We Like It

Discover stands out for its commitment to minimizing fees. You won’t pay fees for account maintenance, nonsufficient funds, excessive withdrawals, official bank checks and a host of other banking services.

What We Don’t Like

Though this account’s APY is many times higher than the national average, it’s still one of the lower yields on our list. Also, Discover has only one branch, and unless it’s near you, you won’t be able to access any in-person services.

Who It’s Best For

This account is best for those who want a no-fee savings account with no minimum balance requirements, and those who would benefit from 24/7 U.S.-based customer support.

• You’ll earn 3.60% on all balances, with interest compounding daily.
• There are no fees for most banking services, though you will pay $30 to send a wire transfer.
• You can get free overdraft protection by linking two Discover accounts, with one serving as a backup account to fund the other.
• U.S.-based customer service is available at any time.

The Quontic Bank High-Yield Savings account offers an attractive yield on all deposits with few fees, making it a good option for your emergency fund—as long as you don’t mind a completely online banking experience.

Why We Like It

Overall, the account is a satisfactory deal for most consumers. You’ll earn a solid yield on your savings, avoid many fees (such as no-charge overdrafts) and have access to customer service, including live chat.

What We Don’t Like

While the yield is higher than most banks, you can find better options on this list. Moreover, we would prefer if Quontic didn’t have a minimum deposit requirement and reimbursed you for at least some out-of-network ATM costs.

Who It’s Best For

Quontic doesn’t charge for overdrafts or excess transactions, which will be helpful if you want to avoid costly fees.

• You’ll earn 3.85% on all balances, and interest compounds daily and is credited monthly.
• There are no fees for overdrafts or excess transactions, meaning you can withdraw from your account as often as you’d like without facing a charge.
• You’ll have to pony up at least $100 to open and maintain your account. There are some fees, including $25 for outgoing domestic wire transfers and $35 for international ones. Dormant accounts will be charged $5 monthly, so make sure you keep your account active or close it if you no longer need it.
• You’ll have access to more than 90,000 fee-free ATMs across the country, which you can locate from Quontic’s map, but you won’t be reimbursed for fees imposed by out-of-network ATM operators.

Quontic Bank is a member of the FDIC, and all deposits are insured up to the maximum limit of $250,000 per depositor.