Best High-Yield Savings Accounts of August 2025: Earn Up to 4.50% APY

Grow your savings faster with the best high-yield savings accounts from our partners, offering up to 11x higher APY (annual percentage yield) than traditional savings accounts.1
Last updated Aug. 9, 2025 | By FinanceBuzz Editors
Bank/Institution APY info Open Account Bonus Offer
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2025 award winner Best Checking and Savings Combo

5.0
info
4.50
% APY
With $0 min. balance2
LEARN MORE
on SoFi's secure website
Member FDIC
Limited-Time Offer: 0.70% boost to 4.50% APY on Savings3 + $300 Bonus.4 Terms apply.
5.0
info
4.00
% APY
With $0 min. balance5
LEARN MORE
on E*TRADE's secure website
Member FDIC
Limited-Time Offer: Earn a Cash Bonus of $250 when you deposit $25,000 - $49,999, $500 on deposits $50,000 - $74,999, and $750 on $75,000 or more. Terms Apply6
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2025 award winner Best for Customer Service

5.0
info
3.50
% APY
With $0 min. balance7
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on American Express' secure website
Member FDIC
N/A
4.9
info
4.31
% APY
With $1 min. balance8
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on Raisin's secure website
Member FDIC
Limited-Time Offer: Use code BOOST to earn $75 for $10K, $250 for $25K, $500 for $50K or $1,000 for $100k deposited.9
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2025 award winner Best for Low or No Fees

4.5
info
3.90
% APY
With $0 min. balance10
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on Barclays' secure website
Member FDIC
N/A
4.3
info
4.00
% APY
With $5,000 min. balance11
LEARN MORE
on CIT Bank's secure website
Member FDIC
N/A


Today's Top High-Yield Savings Accounts

Limited-Time Offer
intro offer icon Limited-Time Offer: Up to 4.50% APY on Savings + $300 Bonus
SoFi Checking and Savings
5.0
info
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2025 award winner Best Checking and Savings Combo

  • Limited-Time Offer: Earn up to a $300 bonus and up to 4.50% APY on Savings (3.80% APY4with +0.70% APY Boost) for 6 Months on new accounts with eligible direct deposit. Terms Apply.3
  • No account, overdraft, or monthly fees12
  • Get your paycheck up to two days early13
  • Access additional FDIC insurance up to $3 million14
Learn More
on SoFi's secure website

Limited-Time Offer
intro offer icon Limited-Time Offer: Earn a Cash Bonus of $250 when you deposit $25,000 - $49,999, $500 on deposits $50,000 - $74,999, and $750 on $75,000 or more. Terms Apply6
Premium Savings
5.0
info
  • Earn a 4.00% Annual Percentage Yield5with Premium Savings
  • Manage your money from anywhere with their mobile app
  • No minimum initial deposit,15and no monthly account fees
  • FDIC insured up to $500,00016once certain conditions have been satisfied
  • Limited-Time Offer: Earn a Cash Bonus of $250 when you deposit $25,000 - $49,999, $500 on deposits $50,000 - $74,999, and $750 on $75,000 or more. Terms Apply6
LEARN MORE
on E*TRADE's secure website

American Express® High Yield Savings
5.0
info
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2025 award winner Best for Customer Service

  • Earn a competitive 3.50% annual percentage yield (APY)7 from a trusted brand
  • No minimum deposits or balances required, and no monthly fees17
  • Award-winning financial institution with 24/7 access to customer service representatives
  • Accounts offered by American Express National Bank, Member FDIC, Terms Apply
Learn More
on American Express' secure website

Limited-Time Offer
intro offer icon Limited-Time Offer: Use code BOOST to earn $75 for $10K, $250 for $25K, $500 for $50K or $1,000 for $100k deposited. Visit site for more details.
NexBank High-Yield Savings
4.9
info
  • Earn 4.31% APY8from a trusted name in banking for over 100 years
  • 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 fees, $1 minimum deposit
Learn More
on Raisin's secure website
Barclays Tiered Savings
4.5
info
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2025 award winner Best for Low or No Fees

  • Earn 3.90% APY.10 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
Learn More
on Barclays' secure website

CIT Bank Platinum Savings
4.3
info
  • Earn 4.00% APY on balances of $5,000 or more11
  • No account opening or monthly services fees
  • Enjoy unlimited transfers and withdrawals each month (many savings accounts have monthly limits)
  • Member FDIC
Learn More
on CIT Bank's secure website



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 0.38% (as of 7/21/25) 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.