Best High-Interest Savings Accounts in the USA

In 2025, with inflation rates hovering around 3.1% and the Federal Reserve maintaining higher interest rates, high-yield savings accounts have become an attractive option for conservative savers looking to grow their money safely. These accounts offer significantly higher annual percentage yields (APYs) compared to traditional savings accounts, providing a hedge against inflation while maintaining liquidity.

This comprehensive guide will walk you through the top high-interest savings accounts available in the USA as of September 2025, helping you make an informed decision to maximize your savings.

What Is a High-Interest Savings Account?

A high-interest savings account is a deposit account offered by banks and credit unions that pays a higher interest rate than a standard savings account. These accounts are typically offered by online banks and are FDIC-insured up to $250,000 per depositor, per insured bank, providing a safe place to store your funds while earning interest.

Key Features:

• Higher APY: Offers interest rates significantly above the national average.

• FDIC Insurance: Protects your deposits up to $250,000.

• Liquidity: Funds are easily accessible, though some accounts may have withdrawal limits.

• Low Fees: Many high-yield accounts have no monthly maintenance fees.

Top High-Interest Savings Accounts in the USA – September 2025

Based on the latest data, here are some of the best high-interest savings accounts available:

1. Varo Bank – 5.00% APY

• Minimum Deposit: None

• Requirements: Must have a Varo Bank checking account with direct deposits

• Highlights: Offers one of the highest APYs in the market with no minimum balance requirement.

2. AdelFi – 5.00% APY

• Minimum Deposit: $25

• Requirements: Must become a member of AdelFi Credit Union

• Highlights: Competitive rate with a low opening deposit and no monthly fees.

3. Fitness Bank – 4.75% APY

• Minimum Deposit: $100

• Requirements: Must maintain a $5,000 average daily balance and meet daily step count goals

• Highlights: Unique incentive structure rewarding physical activity with higher interest rates.

4. Pibank – 4.60% APY

• Minimum Deposit: $100

• Requirements: None specified

• Highlights: Offers a competitive rate with a low minimum deposit requirement.

5. Zynlo Bank – 4.35% APY

• Minimum Deposit: $100

• Requirements: None specified

• Highlights: Provides a solid APY with no monthly maintenance fees.

6. Peak Bank – 4.35% APY

• Minimum Deposit: $100

• Requirements: None specified

• Highlights: Offers a high APY with no monthly fees and a user-friendly mobile app.

7. Rising Bank – 4.30% APY

• Minimum Deposit: $1,000

• Requirements: None specified

• Highlights: Provides a stable APY with a higher minimum deposit requirement.

8. BrioDirect – 4.30% APY

• Minimum Deposit: $5,000

• Requirements: None specified

• Highlights: Offers a competitive rate with a higher minimum deposit requirement.

9. EverBank – 4.05% APY

• Minimum Deposit: None

• Requirements: None specified

• Highlights: Provides a solid APY with no minimum deposit requirement.

10. Bread Savings – 4.25% APY

• Minimum Deposit: $100

• Requirements: None specified

• Highlights: Offers a competitive rate with a low minimum deposit requirement.

Note: APYs and terms are subject to change. It's advisable to check the respective bank's website for the most current information.

How to Choose the Best High-Interest Savings Account

When selecting a high-interest savings account, consider the following factors:

1. Annual Percentage Yield (APY)

The APY indicates how much interest you'll earn on your deposit over a year, taking into account compound interest. Higher APYs result in more interest earned.

2. Minimum Deposit Requirements

Some accounts require a minimum deposit to open or to earn the advertised APY. Ensure you can meet these requirements.

3. Monthly Maintenance Fees

Many high-yield savings accounts have no monthly fees, but some may charge fees if certain conditions aren't met. Look for accounts with no or low fees.

4. Withdrawal Restrictions

Federal regulations may limit certain types of withdrawals from savings accounts. Check if the account has any restrictions or fees associated with withdrawals.

5. FDIC Insurance

Ensure the bank is FDIC-insured, which protects your deposits up to $250,000 per depositor, per insured bank.

6. Online Banking Features

Consider the bank's online and mobile banking features, such as account management tools, mobile check deposit, and customer support options.

Pros and Cons of High-Interest Savings Accounts

Pros:

• Safety: FDIC insurance protects your deposits.

• Liquidity: Easy access to funds when needed.

• Higher Returns: Earn more interest compared to traditional savings accounts.

• Low Risk: No exposure to market volatility.

Cons:

• Variable Rates: Interest rates can change based on market conditions.

• Withdrawal Limits: Some accounts may have limits on the number of withdrawals.

• Minimum Deposit Requirements: Some accounts require a higher initial deposit.

Frequently Asked Questions (FAQs)

Q1: What is the difference between APY and interest rate?

• A1: APY (Annual Percentage Yield) includes the effects of compounding, showing the real rate of return over a year. The interest rate is the nominal rate charged for borrowing or earned through an investment.

Q2: Are high-yield savings accounts safe?

• A2: Yes, if the account is offered by an FDIC-insured bank, your deposits are protected up to $250,000 per depositor, per insured bank.

Q3: Can I access my money anytime?

• A3: Yes, but some accounts may have limitations on the number of withdrawals you can make per month.

Q4: Do I need a minimum balance to earn the advertised APY?

• A4: Some accounts require a minimum balance to earn the advertised APY. Check the account's terms and conditions.

Q5: Are there any fees associated with high-yield savings accounts?

• A5: Many high-yield savings accounts have no monthly maintenance fees, but some may charge fees if certain conditions aren't met.

Q6: Can I link my high-yield savings account to my checking account?

• A6: Yes, most banks allow you to link your savings account to your checking account for easy transfers.

Q7: How often is interest paid?

• A7: Interest is typically paid monthly, but it can vary by bank. Check the account's terms for specifics.

Q8: Can I open a high-yield savings account online?

• A8: Yes, many banks offer the ability to open high-yield savings accounts online.

Q9: Will my interest rate change over time?

• A9: Yes, high-yield savings account rates are variable and can change based on market conditions.

Q10: How can I maximize my earnings with a high-yield savings account?

• A10: Maintain the minimum balance required to earn the highest APY, avoid withdrawals that could incur fees, and regularly monitor your account for any changes in terms.

Final Thoughts

High-interest savings accounts in the USA offer a safe and effective way to grow your savings in 2025. By considering factors such as APY, minimum deposit requirements, fees, and withdrawal restrictions, you can select an account that aligns with your financial goals. Always ensure the bank is FDIC-insured to protect your deposits.

Remember, while high-yield savings accounts offer higher returns than traditional savings accounts, they may not keep pace with inflation over the long term. For long-term growth, consider diversifying your investments to include stocks, bonds, or other asset classes.