Best High-Yield Savings Accounts of April 2025

Last updated April 26, 2025 | By FinanceBuzz Editors

Grow your savings faster with the best high-yield savings accounts from our partners, offering up to 10x higher APY (annual percentage yield) than traditional savings accounts.1

Select Your Initial Deposit Amount Below:


Bank/Institution APY info Open Account Bonus Offer
5.0
info
3.70
% APY
With $0 min. balance2
LEARN MORE Member FDIC
N/A
5.0
info
3.80
% APY
With $0 min. balance
LEARN MORE Member FDIC
Up to $300 cash bonus when you sign up and set up direct deposit with a minimum initial deposit of $5,000 or more3
4.9
info
4.35
% APY
With no min. balance4
LEARN MORE Member FDIC
Earn up to a $500 bonus when you open and fund a new account through Raisin5
4.5
info
4.10
% APY
With $0 min. balance6
LEARN MORE Member FDIC
N/A
4.8
info
4.00
% APY
With no min. balance7
LEARN MORE Member FDIC
N/A
4.8
info
4.40
% APY
With no min. balance8
LEARN MORE Member FDIC
N/A


Today's Top Savings Accounts

Most Popular
American Express® High Yield Savings
5.0
info
  • Earn a competitive 3.70% annual percentage yield (APY)2 from a trusted brand
  • No minimum deposits or balances required, and no monthly fees9
  • Award-winning financial institution with 24/7 access to customer service representatives
  • Accounts offered by American Express National Bank, Member FDIC, Terms Apply

bonus icon Earn up to a $300 bonus and up to 3.80% APY3 on your money
SoFi Checking and Savings
5.0
info
Financebuzz awards badge

2025 award winner Best Checking and Savings Combo

  • Earn up to a $300 bonus and up to 3.80% APY3 on your money
  • No account, overdraft, or monthly fees10
  • Get your paycheck up to two days early11
  • Access additional FDIC insurance up to $3 million12

High APY + Bonus Powered by Raisin
bonus icon Earn a powerful 4.35% APY4and up to $500 bonus, powered by Raisin's intuitive savings marketplace
Live Oak Bank High-Yield Savings
4.9
info
  • Earn 4.35% APY4from a trusted, top U.S. bank
  • Enjoy 24/7 online access to your account and funds
  • Interest is compounded daily and posted to your account monthly
  • Powered by Raisin's intuitive savings marketplace
  • FDIC insured, no monthly fees, $1 minimum deposit​

Barclays Tiered Savings
4.5
info
  • Earn 4.10% APY.6 The more you save, the more you'll earn. See offer page for more details
  • No monthly maintenance fees
  • Online transfers to and from other banks and direct deposit to make saving simple and easy
  • FDIC insured
Synchrony Bank High Yield Savings
4.8
info
  • Earn 4.00% APY on your savings7
  • Let your money work for you with great rates: count on it. Open a High Yield Savings account with Synchrony today. Member FDIC.
  • Savings products with competitive rates, no required minimum balances, and no monthly fees.
  • Save easy with Synchrony Bank. Our app makes it a snap to bank anywhere; manage accounts from your smartphone or tablet.

LendingClub LevelUp Savings
4.8
info
  • Earn up to 4.40% APY8 with LendingClub’s LevelUp Savings when you deposit $250+ per month. Member FDIC.
  • $0 monthly maintenance fee; $0 minimum balance and no minimum to open required.
  • Download the LendingClub app to seamlessly manage your account.
  • You can choose to get an ATM card for fast access to your money.


Bottom Line: Why We Like the American Express® High Yield Savings Account

If you’re looking for a high-yield savings account that offers a competitive annual percentage yield (APY), consumer-friendly features, and top-of-the-line customer service, then it’s hard to beat the American Express® High Yield Savings account. Open an account today, and on top of no monthly fees, enjoy the following benefits:

  • Above-Average, Easy-To-Obtain APY:2 With no minimum deposit or balance required,9 you can enjoy a high 3.70% (as of Feb. 21, 2025) APY to supercharge your savings.
  • Banking Your Way: Seamless account access online and via the Amex® App, simple transfers and auto-deposits, and your choice of online or paper statements.
  • Leading Customer Service: With “office hours” that never end, you can get in touch with an actual human 24 hours a day, 7 days a week.
  • Save With Confidence: Member FDIC and backed by the service and reliability of American Express. Terms Apply.

Click here to open an American Express® High Yield Savings account

Most Popular
American Express® High Yield Savings
5.0
info
  • Earn a competitive 3.70% annual percentage yield (APY)2 from a trusted brand
  • No minimum deposits or balances required, and no monthly fees9
  • Award-winning financial institution with 24/7 access to customer service representatives
  • Accounts offered by American Express National Bank, Member FDIC, Terms Apply



Maximize Your Money: Checking for Spending, Savings for Growing

Smart money management means having both a checking and savings account. Checking offers easy access for daily spending, while savings helps grow your cash over time. Pair your new savings account with one of these top checking accounts from our partners, featuring fantastic perks like signup bonuses, cash back, early payday, and more.

Financebuzz awards badge

2025 award winner Best Online Checking Account

  • Earn 1% cash back on up to $3,000 in debit card purchases each month13
  • No minimum deposit, no minimum balance, and no account fees
  • Easily switch direct deposit via the Discover mobile app or online for Early Pay (get your paycheck up to 2 days early!)
  • 60K+ fee-free ATMs and make cash deposits at Walmart stores nationwide
  • FDIC Insured

  • $300 bonus offer. Click 'Learn More' for more details
  • Multiple ways to waive the monthly maintenance fee
  • Thousands of ATMs and financial centers
  • 24/7 security with Total Security Protection® and fraud monitoring
  • Bank of America, N.A. Member FDIC

  • Open an account today & learn how to qualify for a $325 bonus with Wells Fargo.
  • Account protections like 24/7 Fraud Monitoring
  • Multiple ways to avoid the $10 monthly fee
  • Open online in minutes with just a $25 minimum opening deposit
  • Wells Fargo Bank, N.A. Member FDIC


Frequently Asked Questions

When picking a new savings account, there are a few key things to consider, like the APY (annual percentage yield) they offer or the fees they charge. And remember, you don’t have to stick with just one account — opening different accounts can help you get the best rates and ensure your money is protected up to the legal limit.

Is my money safe in an online savings account?

Money in an online savings account is covered by protections as long as the account provider is FDIC insured, and virtually all major banks are. You'll typically see it stated as "member FDIC."

FDIC stands for Federal Deposit Insurance Corporation. The FDIC insurance covers accounts up to $250,000 accounts up to $250,000, so if your bank goes under financially, you will still get back all your money, up to that amount. The National Credit Union Administration provides similar insurance for credit unions.

What is a good interest rate for an online savings account?

Savings account interest rates vary from bank to bank and over time. The FDIC indicates the national average interest rate for savings accounts is 0.59% (as of 4/14/25) APY. That means if you see an account with a higher interest rate, it would allow you to beat the average.

What do I need to have to open an online savings account?

Requirements to open an online savings account vary by the financial institution. You generally need to provide your full name, address, contact details, and a Social Security number. Some banks also require you to provide your driver's license information. If you are planning to fund the new account with money from a different bank or credit union, you will also need that account information.

How do I deposit or withdraw money from an online savings account?

The process for depositing and withdrawing money from online savings accounts varies by bank or credit union. Generally, you can fund an online savings account via electronic transfer from another bank account, by direct deposit, or by depositing a check. Withdrawals can generally also be completed by bank-to-bank transfer, or you may be able to request a check or use a debit card if your bank allows it.



How we chose these products

FinanceBuzz evaluated a selection of bank accounts offered by our partners, looking at various criteria including interest rates, minimum deposit requirements, and more. We did not review all products in the category and compensation was considered when evaluating and ordering the products.