Is your money idling in a savings account that earns less than 1% APY? That can be the case for no one in 2025. With high interest rates, many online banks and credit unions are providing high-yield savings accounts (HYSAs) that offer more than 4% APY. That’s almost 7 times more than the American average.
If you’re using the money to build an emergency fund, save to buy a house, or just want to grow your money, investing it in an account with a higher yield makes it possible to grow your wealth passively without any risks. These accounts have no fees, are simple to open, and require only a small balance to start with.
In this guide, the top 10 high-yield savings accounts in 2025 are reviewed in terms of their APYs, fees, standout features, and, most importantly, minimum deposits so users can choose the one that suits their needs.
What is a High-Yield Savings Account?
As the name suggests, a high-yield savings account offers much higher rates of interest than mainstream banking accounts. While a popular brick-and-mortar bank can give you 0.3% APY, online banks and fintech will provide 4.00% to 4.40% APY in 2025.
Advantages:
* Enhanced interest rates lead to quicker accumulation of funds.
* Typically, no monthly maintenance fees.
* Low or no minimum balance requirements.
* Ideal for short-term saving goals and for keeping funds accessible in case of emergencies.
What’s the downside? Most high-yield savings accounts are offered online, meaning there are no physical branches. But for many people, that is a small sacrifice.
Top 10 High-Yield Savings Accounts in 2025 — At a Glance
| Bank Name | APY | Minimum Deposit | Monthly Fees | Best For |
|---|---|---|---|---|
| Openbank | 4.40% | $500 | None | Savers with $500+ |
| Bread Savings | 4.35% | $100 | None | Beginners and small savers |
| BrioDirect | 4.35% | $5,000 | None | Larger deposits |
| EverBank | 4.30% | $0 | None | No-fuss saving |
| Rising Bank | 4.30% | $1,000 | None | Mid-tier deposits |
| TAB Bank | 4.26% | $0 | None | No minimum or balance limits |
| Forbright Bank | 4.25% | $0 | None | Eco-conscious users |
| CIBC USA | 4.21% | $1,000 | None | Big bank backing |
| Bask Bank | 4.20% | $0 | None | Set-it-and-forget-it saving |
| Live Oak Bank | 4.10% | $0 | None | DIY online savers |
Top 10 High-Yield Savings Accounts In 2025
1. Openbank – 4.40% APY
Openbank, a digital bank part of the Santander Group, offers an attractive 4.40% APY on its high-yield savings account, requiring only a $500 deposit to open.
Once you reach the high-yield savings mark, every dollar earned accrues interest, optimizing the yield. No monthly fees, an elegant app, and FDIC-insured savings make this account one of the most formidable competitors in the market in 2025.
Best For: Those with a minimum of $500.
2. Bread Savings – 4.35% APY
One of the best savings accounts in the market, Bread Savings has an opening deposit of just $100. With no balance requirements, aka no fluff, just pure savings, and a 4.35% APY, it keeps everything simple and 100% digital.
Best For: Emerging small businesses or self-employed individuals.
3. BrioDirect – 4.35% APY
Another strong competitor with a 4.35% APY requires a larger $5,000 minimum deposit. If you’ve got cash, BrioDirect is a solid option. However, keep an eye on their inactivity policy, too—they may close accounts with no activity for 21 days.
Best For: Individuals with ambitious savings targets.
4. EverBank – 4.30% APY
No minimum deposit, no balance requirements, no fees, and a trusted digital banking pioneer (TIAA Bank). A powerful name, their simple offering of 4.30% APY makes them ideal for set-it-and-forget-it savers.
Best For: Beginners with no prior bank experience.
5. Rising Bank – 4.30% APY
What used to be LendingClub Bank, Rising Bank, is offering an attractive 4.30% APY for customers who open a bank account with a $1,000 minimum deposit. The best part is that the account has no restrictions as long as the balance is maintained.
Best for: Long-term investors looking for high returns with moderate balances.
6. TAB Bank – 4.26% APY
TAB Save’s accounts pay members a staggering 4.26% APY with no minimums to open or maintain. With a fully online profile, modern interface, and no cap on earnings, it is ideal for motivated savers looking for a hassle-free, high-return option.
Best for: Everyone, saving at all balances with no fees.
7. Forbright Bank – 4.25% APY
Document-free and environmentally sound, Forbright Bank pays a healthy 4.25% APY with no deposit requirement. Customers willing to forego paper statements can earn very high rates while banking more sustainably.
Best for: Users needing banking services that support eco-friendly initiatives.
8. CIBC Bank USA – 4.21% APY
Offering 4.21% APY on their Agility Savings Account, CIBC also requires a $1,000 minimum deposit. Although there are no monthly fees and the account is with one of Canada’s largest banks, new account holders should know that transfers are delayed.
Best for: Slow and steady conservative savers who trust large banks.
9. Bask Bank – 4.20% APY
Bask Bank (Bask) is a division of Texas Capital Bank that offers 4.20% APY on savings with no minimum deposit required. It’s completely fee-free; however, the account must be funded within 15 days of opening.
Best for: Individuals looking for an uncomplicated, but high-yielding savings account.
10. Live Oak Bank – 4.10% APY
Live Oak Bank is an online-only bank offering a 4.10% APY with no deposit requirement and no fees. This is ideal for those wanting to keep it simple—just one account, one great rate.
Best for: Do-it-yourself savers who don’t require added account features.
Tips For Picking Your High-Yield Savings Account
Still not sure which one to pick? Here are a few tips to narrow it down:
- Your balance size matters: Some accounts (BrioDirect, for instance) have higher minimum requirements than others.
- App and user experience: People who love mobile banking should look for banks with stellar mobile apps.
- Perks of extras: Some financial institutions advertise environmentally sustainable banking options and offer a checking companion account.
Remember those top priorities that matter the most, such as yield, flexibility, or simplicity.
Considerations
The top 10 high-yield savings accounts in 2025 are designed to give traditional banks a run for their money. With the interest rates as high as 4.40% APY, there is no reason to keep your savings in a low-interest account.
No matter your starting balance of $100 or $10,000, a savings account on the list will allow you to maximize your returns with minimal effort. Pick the one that aligns closest with your financial habits and goals, and start earning more on every dollar.
Want to grow your money the smart way? Grab a high-yield savings account, set up direct deposit or transfer your funds, and let compound interest take over.
Your future self will thank you.
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