The Best Savings Account Rates Today, April 2, 2025: Up to 4.50%
Image source: The Motley Fool/Upsplash A high-yield savings account is a smart place to grow your money while keeping it easily accessible. With interest rates still near or above 4.00%, now is an excellent time to take advantage of competitive savings rates. But not all accounts are created equal. Some offer significantly higher annual percentage yields (APYs) than others -- we're talking more than 10 times the national average.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. We've researched and compared savings accounts from top financial institutions to bring you the best options with the highest rates available today.Below, you'll find a selection of accounts with the best APYs we've found.Bank AccountAPYMinimum Account Balance$25, $5,000 to open accountLendingClub LevelUp Savings4.40% with $250+ in monthly deposits$250 cumulative monthly deposits for max APYBask Interest Savings4.35%$0EverBank Performance℠ Savings4.30%$0Ivy Bank High-Yield Savings Accountup to 4.25%$2,500Data source: Issuing banks. Rates are accurate as of April 2, 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. Most 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 looking for an account that combines a strong APY with online access and flexibility, CIT Platinum Savings stands out. It's a smart option for savers who want high returns. Read our full CIT Platinum 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 todayAmerican Express® High Yield Savings (Member FDIC) -- Earn a high annual percentage yield with no minimum deposit requiredCIT Platinum Savings -- Higher rate available with $5,000 minimum depositShould you open a high-yield savings account now?If you're holding extra cash in a traditional savings account earning a fraction of a percent, now's a great time to make a switch. With interest rates still elevated, high-yield savings accounts give you an easy, low-risk way to earn more -- without giving up access to your money.Opening a high-yield savings account could make sense if:You want to earn more interest without locking up your moneyYou value safety -- most accounts are FDIC insuredYou prefer flexibility over committing to a fixed termYou want an account with no or low fees and easy online accessHigh-yield savings accounts let you earn a competitive return while keeping your money accessible. That makes them ideal for emergency funds, upcoming expenses, or savings goals you want to reach in the next year or two.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.Click here to compare the best high-yield savings accounts and open one today.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 aobut the American Express® High Yield Savings account (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. We're firm beli
Image source: The Motley Fool/Upsplash
A high-yield savings account is a smart place to grow your money while keeping it easily accessible. With interest rates still near or above 4.00%, now is an excellent time to take advantage of competitive savings rates. But not all accounts are created equal. Some offer significantly higher annual percentage yields (APYs) than others -- we're talking more than 10 times the national average.
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.
We've researched and compared savings accounts from top financial institutions to bring you the best options with the highest rates available today.
Below, you'll find a selection of accounts with the best APYs we've found.
| Bank Account | APY | Minimum Account Balance |
|---|---|---|
| $25, $5,000 to open account | ||
| LendingClub LevelUp Savings | 4.40% with $250+ in monthly deposits | $250 cumulative monthly deposits for max APY |
| Bask Interest Savings | 4.35% | $0 |
| EverBank Performance℠ Savings | 4.30% | $0 |
| Ivy Bank High-Yield Savings Account | up to 4.25% | $2,500 |
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. Most 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 looking for an account that combines a strong APY with online access and flexibility, CIT Platinum Savings stands out. It's a smart option for savers who want high returns. Read our full CIT Platinum 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
- American Express® High Yield Savings (Member FDIC) -- Earn a high annual percentage yield with no minimum deposit required
- CIT Platinum Savings -- Higher rate available with $5,000 minimum deposit
Should you open a high-yield savings account now?
If you're holding extra cash in a traditional savings account earning a fraction of a percent, now's a great time to make a switch. With interest rates still elevated, high-yield savings accounts give you an easy, low-risk way to earn more -- without giving up access to your money.
Opening a high-yield savings account could make sense if:
- You want to earn more interest without locking up your money
- You value safety -- most accounts are FDIC insured
- You prefer flexibility over committing to a fixed term
- You want an account with no or low fees and easy online access
High-yield savings accounts let you earn a competitive return while keeping your money accessible. That makes them ideal for emergency funds, upcoming expenses, or savings goals you want to reach in the next year or two.
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.
Click here to compare the best high-yield savings accounts and open one today.
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 aobut the American Express® High Yield Savings account (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.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.American Express is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. HSBC Holdings is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. Synchrony Financial is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Goldman Sachs Group, JPMorgan Chase, PNC Financial Services, and U.S. Bancorp. The Motley Fool recommends Barclays Plc, Charles Schwab, Discover Financial Services, and HSBC Holdings and recommends the following options: short March 2025 $80 calls on Charles Schwab. The Motley Fool has a disclosure policy.
