The 5 Best High-Yield Savings Accounts for 2025 (Up to 4.66% APY)
If you’re on the hunt for a robust way to grow your savings, high-yield savings accounts might be just what you need. As of May 2025, the landscape of savings accounts has evolved, offering yields that significantly surpass the national average. With rates soaring up to 4.66%, choosing the right account could mean the difference between your money merely sitting there or actively working for you. Let’s dive into the top contenders that promise to offer the best returns on your savings, making your financial goals more attainable than ever.
Axos Bank Savings (4.66% APY)
Leading the pack with an impressive 4.66% annual percentage yield (APY), Axos Bank has set a new benchmark for high-yield savings accounts. What makes Axos stand out is not just its top-tier rate but also the flexibility it offers. To qualify for this rate, you need to maintain a minimum balance of $1,500, which is manageable for many savers. Furthermore, Axos Bank has integrated checking and savings solutions, allowing for seamless management of your finances under one roof. Coupled with online banking features that offer convenience and accessibility, Axos Bank is a compelling choice for those looking to maximize their savings growth.
Openbank High Yield Savings (4.40% APY)
With a competitive 4.40% APY, Openbank by Santander brings a strong offering to the high-yield savings account market. A minimum balance of $500 is required to open an account, making it accessible to a broad range of savers. What’s notable about Openbank is its user-friendly mobile app, which provides a seamless online banking experience. From checking balances to initiating transfers, the app ensures that managing your savings is straightforward and hassle-free. This account is perfect for tech-savvy savers who prioritize high interest rates and digital convenience.
Forbright Bank Growth Savings (4.25% APY)
Forbright Bank offers an attractive 4.25% APY with its Growth Savings account, setting a competitive standard in the market. Remarkably, this account comes with no monthly fees and no minimum balance requirements, making it a standout option for savers of all stripes. While Forbright Bank does not offer checking accounts, this limitation is easily offset by the account’s high yield and flexibility. If you’re willing to manage your checking and savings across different institutions, Forbright’s offering can be a powerful tool in your financial arsenal, helping your savings grow at an impressive rate.
Discover® Online Savings (3.60% APY)
Discover® Bank may be more renowned for its credit card offerings, but its Online Savings account is not to be overlooked. Offering a solid 3.60% APY, it combines competitive interest rates with the convenience of online banking. Discover makes it easy to get started with no minimum opening deposit and no monthly fees, ensuring that savers can begin earning interest right away. Additionally, Discover offers a $200 bonus for new customers, adding an extra incentive to choose this account. With high customer satisfaction and an intuitive banking app, Discover’s Online Savings account is an excellent choice for those seeking a reliable and rewarding banking experience.
American Express® High Yield Savings (3.70% APY)
American Express is a name synonymous with premium credit cards, but its High Yield Savings Account deserves just as much attention. Offering a 3.70% APY without any minimum balance requirements, this account makes high-yield savings accessible to everyone. The absence of monthly fees further enhances its appeal, ensuring that savers keep more of their hard-earned money. While the account does not come with checking services, it’s an excellent choice for savers who already have their checking needs covered elsewhere. With American Express’ reputation for customer service and satisfaction, savers can enjoy peace of mind along with a robust return on their savings.
