High-Yield Savings Accounts in the US for 2025: Interest Rates and Features

Did you know that as of mid-2025, many traditional savings accounts still offer rates below 0.5%, while some online banks provide high-yield savings accounts with APYs ranging approximately from 3.85% to 5%? This article will help you understand how to find fee-free, accessible accounts that can help maximize your savings growth and meet your financial goals.

High-Yield Savings Accounts in the US for 2025: Interest Rates and Features Image by 3D Animation Production Company from Pixabay

Information About Available High-Yield Savings Account Rates in 2025

As of mid-2025, some high-yield savings accounts report APYs in the approximate range of 3.85% to 5%. Examples include:

Newtek Bank: Up to 5% APY
EverBank Performance Savings: Around 4.44% APY
Synchrony High-Yield Savings: About 3.85% APY
LendingClub LevelUp Savings: Approximately 4.00% APY with certain deposit activity requirements
TAB Bank and Bread Savings: APYs generally from 3.6% to 3.9%

These interest rates are higher than traditional savings accounts at many physical banks, but availability and terms vary by institution.

Banks Offering High-Yield Savings Accounts with Competitive Rates

Many high-yield savings accounts are provided by online banks or online divisions of established institutions. Banks that offer these options include:

Newtek Bank (online, up to 5% APY)
EverBank (no minimum deposit specified, online)
Synchrony Bank (3.85% APY, offers debit card and ATM access, no minimum deposit)
LendingClub (rate linked to monthly deposit activity)
Bread Savings (requires $100 minimum deposit, no monthly fees)
TAB Bank (no monthly fees or minimum deposits)
Capital One 360 Performance Savings (around 3.6% APY, with physical branches)

Other banks offering varying rates include Barclays Online Savings, Marcus by Goldman Sachs, Citizens Access, Quontic Bank, and Bask Bank.

Access and Features of High-Yield Savings Accounts

Accessibility Nationwide Through Online Platforms

Many competitive high-yield savings accounts are offered online and can be accessed from anywhere in the US, making location less of a factor in availability.

Branch Access for Some Accounts

For those preferring in-person banking occasionally, Capital One 360 provides both competitive rates and branch access. Some other banks, such as Rising Bank and Forbright Bank, have limited physical branches, mainly in Maryland.

Account Requirements and Fees

Minimum Opening Deposits:
- Several banks have no minimum deposit requirements (e.g., EverBank, Synchrony, TAB Bank).
- Bread Savings requires a $100 opening deposit.
- Quontic also requires $100 to open an account.
- BrioDirect requires a higher minimum deposit of $5,000.
Monthly Maintenance Fees:
- Most of the banks mentioned do not charge monthly fees (e.g., EverBank, Synchrony, Bread Savings, TAB Bank).
- Some banks may apply fees for specific services; for example, Quontic charges $25-$35 for outgoing wire transfers.
Deposit and Withdrawal Limits:
- Although federal limits on withdrawals have been relaxed, some banks may still enforce a limit of six withdrawals per month for savings accounts.
- Deposits and transfers are generally unlimited and without fees.
- Access to ATM or debit cards varies: Synchrony offers debit cards with some ATM fee reimbursement; UFB Direct offers free ATM cards with unlimited transactions; others, such as Bread Savings and Citizens Access, do not provide ATM cards.

Convenience and Account Access Options

**ATM and Debit Card Access:**Institutions like Synchrony and UFB Direct provide debit cards that enable ATM withdrawals, sometimes offering partial reimbursements for out-of-network ATM fees. Many other online banks limit withdrawals to electronic transfers without physical cards.
**Branch Access:**Capital One 360 combines competitive savings rates with physical branch availability for customers who prefer occasional in-person service.
**Online and Mobile Banking Platforms:**Most high-yield savings accounts offer online and mobile platforms, allowing users to deposit funds (including mobile check deposits), transfer money, and review balances any time.

Account Safety and Insurance

All banks referenced are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per depositor, per institution, providing protection for deposits within those limits. Some institutions, such as SoFi, may offer additional FDIC coverage through partner banks.

Considerations for Selecting and Maintaining High-Yield Savings Accounts in 2025

APY Monitoring: Interest rates can change based on Federal Reserve policies. Mid-2025 observations indicate rates have been steady, with potential adjustments in the future. Accounts opened during higher rate periods retain the agreed APY.
Deposit Requirements: Choose accounts that match the amount you plan to deposit initially.
Fee Awareness: Select accounts without monthly fees and understand any applicable fees for wire transfers or other services.
Access Needs: If ATM or debit card withdrawals are necessary, select banks offering these features. For branch access preference, options like Capital One 360 may be suitable.
Multiple Accounts for Different Goals: Using separate savings accounts can help organize funds for various purposes while earning interest.
Automated Savings: Setting up automatic transfers or deposits can assist in steadily growing savings.

Eligibility and How to Apply

Opening a high-yield savings account generally involves:

Filling out an online application with necessary information such as Social Security number, identification, and address.
Funding the account via electronic transfer or check deposit.
Many banks offer quick account approval allowing interest to begin accruing soon after account opening.

Most banks require applicants to be US residents and meet standard identification requirements.

High-yield savings accounts available in 2025 typically offer APYs from around 3.85% to 5%, primarily through online banks such as Newtek Bank, EverBank, Synchrony, LendingClub, and TAB Bank. These accounts often have low or no minimum deposit requirements, no monthly maintenance fees, and FDIC insurance coverage. For those valuing branch access, Capital One 360 provides competitive interest rates with physical locations. When selecting an account, factors such as deposit minimums, fee structures, and access preferences should be considered. Exploring these options may help align your savings choices with your financial goals in the current interest rate environment.

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