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Best high-yield savings accounts of February 2025

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A high-yield savings account can be a safe place to earn interest on your money while keeping it easily accessible for emergencies or other expenses. Annual percentage yields (APYs) on top high-yield savings accounts are still above 4 percent, which is around eight times the current national average rate of 0.62 percent.

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Bankrate Partner average
4.20% APY
National average
0.62% APY
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BrioDirect

Rating: 4.6 stars out of 5
4.6 Bankrate savings score
  • Annual percentage yield

    4.55%
  • Min. deposit to open

    $5,000

Why BrioDirect?

BrioDirect's High-Yield Savings account offers a competitive yield but it requires a steep minimum deposit of $5,000 to open.

LendingClub Bank

Rating: 5 stars out of 5
5.0 Bankrate savings score
  • Annual percentage yield

    3.70% – 4.50%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why LendingClub Bank?

LendingClub was originally known for its lending products, but with its acquisition of Radius Bank in 2021, LendingClub now offers many attractive deposit products. The bank's LevelUp savings accounts offers a special higher yield when you deposit at least $250 monthly into the account, though savers will still earn a competitive yield if you don't meet this requirement in a given statement period.

Bread Savings

Rating: 4.9 stars out of 5
4.9 Bankrate savings score
  • Annual percentage yield

    4.40%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $100

Why Bread Savings?

Bread Savings is an online bank that offers a high-yield savings account and five terms of CDs. Bread Savings requires at least $100 to open this account.

Popular Direct

Rating: 4.8 stars out of 5
4.8 Bankrate savings score
  • Annual percentage yield

    4.40%
  • Min. balance for APY

    $100
  • Min. deposit to open

    $100

Why Popular Direct?

Popular Direct is known for offering competitive yields. But those competitive yields have $100 minimum opening deposit requirements with the Popular Direct High-Rise Savings account. (The minimum opening requirement is much higher for its CDs.) The account also has a $25 fee for closing it within your first 180 days, so definitely make sure you’re going to keep this account for at least that amount of time. Popular Direct has been around since 2016. It offers a savings account and eight terms of CDs. The CDs have terms ranging from three months to five years.

Bask Bank

Rating: 5 stars out of 5
5.0 Bankrate savings score
  • Annual percentage yield

    4.35%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why Bask Bank?

Bask Bank, a division of Texas Capital Bank, made its debut in early 2020. Its Interest Savings account offers a highly competitive yield, doesn’t require a minimum opening deposit and doesn't charge a monthly fee.

EverBank

Rating: 5 stars out of 5
5.0 Bankrate savings score
  • Annual percentage yield

    4.30%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why EverBank?

The EverBank Performance℠ Savings account earns more than the national average APY. There’s no minimum deposit required to open the account.

CIT Bank

Rating: 4.6 stars out of 5
4.6 Bankrate savings score
  • Annual percentage yield

    4.30%
  • Min. balance for APY

    $5,000
  • Min. deposit to open

    $100

Why CIT Bank?

CIT Bank is known for offering multiple savings accounts. CIT Bank’s Platinum Savings account earns the highest yield on balances of $5,000 or more, while the Savings Connect account can be opened with just $100. These accounts don't charge a monthly maintenance fee. CIT Bank also has most of the other bank accounts a person could need, including a checking account, a money market account and CDs.

CIBC Bank USA

Rating: 4.9 stars out of 5
4.9 Bankrate savings score
  • Annual percentage yield

    4.28%
  • Min. balance for APY

    $1
  • Min. deposit to open

    $1,000

Why CIBC Bank USA?

CIBC Bank USA is currently known for offering a competitive yield on its CIBC Agility Online Savings Account, which charges no monthly service fee. The bank also is known for offering CDs that have a slightly higher yield.

TAB Bank

Rating: 4.9 stars out of 5
4.9 Bankrate savings score
  • Annual percentage yield

    4.26%
  • Min. balance for APY

    $0
  • Min. deposit to open

    $0

Why TAB Bank?

TAB Bank is known for offering competitive yields. It’s also known for its unique checking account for truck drivers. TAB Bank’s High Yield Savings Account doesn’t require a minimum opening deposit and doesn’t have a monthly maintenance fee. TAB Bank pays the same yield on any balance. (But of course, you’ll want to make sure that you’re within FDIC insurance limits and guidelines.)

MySavingsDirect

Rating: 4.7 stars out of 5
4.7 Bankrate savings score
  • Annual percentage yield

    4.10%
  • Min. deposit to open

    $0

Why MySavingsDirect?

MySavingsDirect has been known to offer a competitive yield on some of its products. It is a division of Emigrant Bank. MySavingsDirect offers a savings account and longer-term CDs with terms ranging from five years to 10 years. Currently, its MySavings Account has a very competitive yield.

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Our banking editorial team regularly evaluates data from more than 100 of the top financial institutions across a range of categories (brick-and-mortar banks, online banks, credit unions and more) to help you find the best options.

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Recent news on high-yield savings account rates

What our industry experts are saying


Andrew Herzog

CFP at The Watchman Group

High-yield savings accounts are a great volatility dampener. Unlike the capital markets, you will never see the balance fluctuate on a daily basis. It is certainly possible that HYSA interest rates will remain steady all year if the Federal Reserve pauses action all year long.

Alvin Carlos

CFA, CFP, and managing partner of District Capital Management

Savings account interest rates will remain high in 2025. They were originally slated to go down, given the Federal Reserve's plans to cut rates further in the year. However, if the new tariffs remain in place, the Fed will be forced to keep interest rates high to fight upcoming new inflation.

How to choose an online high-yield savings account