Earn up to 5% APY in a High-Yield Savings Account Today, April 15, 2025
Image source: Upsplash/The Motley Fool If you're like me, you hate the idea of your money just sitting doing nothing. That's why I keep a close eye on savings account rates -- and right now, some of the best ones are still paying around 5% APY. That's more than 10 times better than the national average 0.41%, and it's one of the easiest ways to put your cash to work without lifting a finger.Alert: highest cash back card we've seen now has 0% intro APR into 2026 This credit card is not just good – it's so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee! Click here to read our full review for free and apply in just 2 minutes. Every day, we round up the top rates so you don't have to dig through dozens of bank websites. Whether you have a little extra in your checking account or you're finally ready to start building an emergency fund, a high-yield savings account is a simple (and safe) move.Here are the best savings account rates we've found today along with a few tips to help you pick the right one.Bank AccountAPYMinimum Account BalanceVaro Savingsup to 5.00%Max APY on up to $5,000, 2.50% APY afterAxos ONE®up to 4.66%$1,500Pibank Savings4.60%$0Peak Bank Envision High Yield Savingsup to 4.54%$100 to open, 2.02% APY on balances of $10,000,000 and aboveBrioDirect High-Yield Savings4.50%$5,000 to open, $25 to maintainData source: Issuing banks. Rates are accurate as of April 15, 2025.Why we chose these savings accountsThe accounts above stood out to us for several key reasons:High APYs. These are among the most competitive interest rates available, helping your money grow faster.Low barriers to entry. Some accounts have low or no minimum deposit requirements to open or earn interest.Available nationwide. These banks let you open an account from anywhere in the U.S. without needing to join a local credit union.Online convenience. Every account listed can be opened and managed entirely online from your phone or computer.If you're not earning more than 4.00% APY on your savings, it might be time to switch. Rates have been mostly flat since the end of 2024, but several online banks are leading the pack without requiring huge balances. We like LendingClub LevelUp Savings account because it pays a competitive APY in exchange for a fairly low amount in monthly deposits. Pro tip: Be careful with teaser rates that drop after a few months. Always check the fine print. Read our full LendingClub LevelUp Savings review to learn more.Want to grow your money without locking it up?High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.Explore more options:Best High-Yield Savings Accounts -- See our top picks todayBanks With Savings Buckets -- Track your savings goals separatelySafest Banks in the U.S. -- Sleep peacefully at night knowing your money is safeShould you open a high-yield savings account now?Got extra cash sitting in a savings account and earning little? Now's a great time to make a change. With rates still high, high-yield savings accounts let your money grow without tying it down.Consider a high-yield savings account if:You want to earn more interest without locking away your moneyYou appreciate safety -- most accounts come with FDIC insuranceYou want easy online access with no or low feesYou prefer flexibility over fixed termsHigh-yield accounts offer better returns while keeping your cash within reach. They're a perfect place to stash your cash for emergencies, home projects, or upcoming trips. Click here to compare the best high-yield savings accounts and open one today.How to open a high-yield savings accountGetting started with a high-yield savings account is easy and usually takes just a few minutes:Compare your options. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.Apply online. Most accounts can be opened from your phone or computer -- no paperwork required.Fund your account. Link an existing checking or savings account and transfer the amount you want to deposit.Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.Don't want to deal with monthly deposit requirements?Some high-yield accounts offer the best rates with no strings attached -- no recurring deposit requirements, no minimum balance to earn interest, and no monthly fees. If you're looking for a hassle-free option, learn more about the American Express® High Yield Savings (Member FDIC), which offers a competitive APY with no minimum deposit.Alert: highest cash back card we've seen now has 0% intro APR into 2026 This credit card is not just good – it's so exceptional that our experts use it perso
Image source: Upsplash/The Motley Fool
If you're like me, you hate the idea of your money just sitting doing nothing. That's why I keep a close eye on savings account rates -- and right now, some of the best ones are still paying around 5% APY. That's more than 10 times better than the national average 0.41%, and it's one of the easiest ways to put your cash to work without lifting a finger.
Alert: highest cash back card we've seen now has 0% intro APR into 2026
This credit card is not just good – it's so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes.
Every day, we round up the top rates so you don't have to dig through dozens of bank websites. Whether you have a little extra in your checking account or you're finally ready to start building an emergency fund, a high-yield savings account is a simple (and safe) move.
Here are the best savings account rates we've found today along with a few tips to help you pick the right one.
| Bank Account | APY | Minimum Account Balance |
|---|---|---|
| Varo Savings | up to 5.00% | Max APY on up to $5,000, 2.50% APY after |
| Axos ONE® | up to 4.66% | $1,500 |
| Pibank Savings | 4.60% | $0 |
| Peak Bank Envision High Yield Savings | up to 4.54% | $100 to open, 2.02% APY on balances of $10,000,000 and above |
| BrioDirect High-Yield Savings | 4.50% | $5,000 to open, $25 to maintain |
Why we chose these savings accounts
The accounts above stood out to us for several key reasons:
- High APYs. These are among the most competitive interest rates available, helping your money grow faster.
- Low barriers to entry. Some accounts have low or no minimum deposit requirements to open or earn interest.
- Available nationwide. These banks let you open an account from anywhere in the U.S. without needing to join a local credit union.
- Online convenience. Every account listed can be opened and managed entirely online from your phone or computer.
If you're not earning more than 4.00% APY on your savings, it might be time to switch. Rates have been mostly flat since the end of 2024, but several online banks are leading the pack without requiring huge balances. We like LendingClub LevelUp Savings account because it pays a competitive APY in exchange for a fairly low amount in monthly deposits. Pro tip: Be careful with teaser rates that drop after a few months. Always check the fine print. Read our full LendingClub LevelUp Savings review to learn more.
Want to grow your money without locking it up?
High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.
Explore more options:
- Best High-Yield Savings Accounts -- See our top picks today
- Banks With Savings Buckets -- Track your savings goals separately
- Safest Banks in the U.S. -- Sleep peacefully at night knowing your money is safe
Should you open a high-yield savings account now?
Got extra cash sitting in a savings account and earning little? Now's a great time to make a change. With rates still high, high-yield savings accounts let your money grow without tying it down.
Consider a high-yield savings account if:
- You want to earn more interest without locking away your money
- You appreciate safety -- most accounts come with FDIC insurance
- You want easy online access with no or low fees
- You prefer flexibility over fixed terms
High-yield accounts offer better returns while keeping your cash within reach. They're a perfect place to stash your cash for emergencies, home projects, or upcoming trips. Click here to compare the best high-yield savings accounts and open one today.
How to open a high-yield savings account
Getting started with a high-yield savings account is easy and usually takes just a few minutes:
- Compare your options. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.
- Apply online. Most accounts can be opened from your phone or computer -- no paperwork required.
- Fund your account. Link an existing checking or savings account and transfer the amount you want to deposit.
- Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.
- Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.
Don't want to deal with monthly deposit requirements?
Some high-yield accounts offer the best rates with no strings attached -- no recurring deposit requirements, no minimum balance to earn interest, and no monthly fees. If you're looking for a hassle-free option, learn more about the American Express® High Yield Savings (Member FDIC), which offers a competitive APY with no minimum deposit.
Alert: highest cash back card we've seen now has 0% intro APR into 2026
This credit card is not just good – it's so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes.
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