Why Choose a High-Yield Savings Account?
If you’re keeping your money in a regular savings account, you might be missing out on higher interest rates. A high-yield savings account (HYSA) offers better returns while keeping your funds secure.
In this guide, we will compare the top 5 high-yield savings accounts in the USA, their interest rates, and the features that make them worth considering.
Top 5 High-Yield Savings Accounts (2025 Edition)
1. SoFi High-Yield Savings Account
APY (Annual Percentage Yield): 4.50%
Minimum Balance: $0
Monthly Fees: None
Why Choose SoFi?
✅ No fees, high interest rate
✅ Mobile app with budgeting tools
✅ Free overdraft protection
Best for: Beginners looking for an easy-to-use savings account with high returns.
2. Marcus by Goldman Sachs
APY: 4.40%
Minimum Balance: $0
Monthly Fees: None
Why Choose Marcus?
✅ No monthly fees or minimum balance
✅ Backed by Goldman Sachs
✅ Simple online banking platform
Best for: Those who want a trusted brand with competitive interest rates.
3. American Express® High-Yield Savings
APY: 4.35%
Minimum Balance: $0
Monthly Fees: None
Why Choose Amex?
✅ No hidden fees
✅ FDIC insured up to $250,000
✅ 24/7 customer support
Best for: People who already use Amex credit cards and want easy account integration.
4. Discover Online Savings Account
APY: 4.30%
Minimum Balance: $0
Monthly Fees: None
Why Choose Discover?
✅ No fees on withdrawals
✅ User-friendly mobile app
✅ Great customer service
Best for: Those who want fee-free banking with high savings rates.
5. CIT Bank Savings Connect
APY: 4.20%
Minimum Balance: $100
Monthly Fees: None
Why Choose CIT Bank?
✅ Higher APY for larger balances
✅ Mobile check deposit available
✅ No monthly maintenance fees
Best for: People who can maintain a $100 balance to earn higher