The Best Savings Account Rates Today, April 10, 2025: Up to 5.00%

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A high-yield savings account is one of the best places to let your money grow while keeping it easily accessible. The best interest rates are between 4.50% and 5.00% right now, which is more than 10 times the national average.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’ve done the hard work for you and researched the top banks to compile the best options with the highest rates available today.Below is a selection of accounts with the best APYs we’ve found.Bank AccountAPYMinimum Account BalanceVaro Savingsup to 5.00%Max APY on up to $5,000, 2.50% APY afterAxos ONE®up to 4.66%$1,500Pibank Savings4.60%$0TIMBR High Yield Savings4.55%$1,000Peak Bank Envision High Yield Savingsup to 4.54%$100 to open, 2.02% APY on balances of $10,000,000 and aboveData source: Issuing banks. Rates are accurate as of April 9, 2025.Why we chose these savings accountsAttractive returns. Enjoy some of the top APYs available to boost your savings quickly.Easy start. Some accounts require little or no deposit to open and begin earning interest.Digital convenience. Open and manage these accounts fully online from your phone or computer.Nationwide access. Open an account from anywhere in the U.S. without needing to join a local credit union.If you’re not earning more than 4.00% APY on your savings, it might be time to switch. Rates have been trending upward since early March, and several online banks are leading the pack without requiring huge balances. We like LendingClub LevelUp Savings account because it pays a competitive APY in exchange for a fairly low amount in monthly deposits. Pro tip: Be careful with teaser rates that drop after a few months. Always check the fine print. Read our full LendingClub LevelUp Savings review to learn more.Want to grow your money without locking it up?High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.Explore more options:Best High-Yield Savings Accounts — See our top picks todayBanks With Savings Buckets — Track your savings goals separatelySafest Banks in the U.S. — Sleep peacefully at night knowing your money is safeShould you open a high-yield savings account?Got spare cash in an account that’s barely earning interest? Now’s the perfect time to boost your returns. High-yield savings accounts currently offer attractive rates. You might consider opening one if you:Wish to earn more without tying up your fundsValue safety, as most accounts come with FDIC insurancePrefer flexibility instead of committing to a fixed termWant an account with minimal fees and simple online accessWith high-yield savings accounts, you can enjoy a solid return while keeping your funds handy. They’re ideal for emergency savings, upcoming planned expenses, or short-term goals you want to achieve in the next year or two. Take this chance to maximize your savings potential. Click here to compare the best high-yield savings accounts and open one today.How to open a high-yield savings accountGetting started with a high-yield savings account is easy and usually takes just a few minutes:Compare your options. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.Apply online. Most accounts can be opened from your phone or computer — no paperwork required.Fund your account. Link an existing checking or savings account and transfer the amount you want to deposit.Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.Keep an eye on your APY. Bank’s can raise or lower APYs at their discretion. If you see yours decrease substantially, it may be time to look around for a new account.Prefer to skip the monthly deposit requirements?Some high-yield accounts offer the best rates with no strings attached — no recurring deposit requirements, no minimum balance to earn interest, and no monthly fees. If you’re looking for a hassle-free option, learn more about the American Express® High Yield Savings (Member FDIC), which offers a competitive APY with no minimum deposit.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.American Express is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. HSBC Holdings is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. Synchrony Financial is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Goldman Sachs Group, JPMorgan Chase, PNC Financial Services, and U.S. Bancorp. The Motley Fool recommends Barclays Plc, Charles Schwab, Discover Financial Services, and HSBC Holdings and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

A high-yield savings account is one of the best places to let your money grow while keeping it easily accessible. The best interest rates are between 4.50% and 5.00% right now, which is more than 10 times the national average.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’ve done the hard work for you and researched the top banks to compile the best options with the highest rates available today.

Below is a selection of accounts with the best APYs we’ve found.

Why we chose these savings accounts

• Attractive returns. Enjoy some of the top APYs available to boost your savings quickly.
• Easy start. Some accounts require little or no deposit to open and begin earning interest.
• Digital convenience. Open and manage these accounts fully online from your phone or computer.
• Nationwide access. Open an account from anywhere in the U.S. without needing to join a local credit union.

Want to grow your money without locking it up?

High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.

Explore more options:

• Best High-Yield Savings Accounts — See our top picks today
• Banks With Savings Buckets — Track your savings goals separately
• Safest Banks in the U.S. — Sleep peacefully at night knowing your money is safe

Should you open a high-yield savings account?

Got spare cash in an account that’s barely earning interest? Now’s the perfect time to boost your returns. High-yield savings accounts currently offer attractive rates. You might consider opening one if you:

• Wish to earn more without tying up your funds
• Value safety, as most accounts come with FDIC insurance
• Prefer flexibility instead of committing to a fixed term
• Want an account with minimal fees and simple online access

With high-yield savings accounts, you can enjoy a solid return while keeping your funds handy. They’re ideal for emergency savings, upcoming planned expenses, or short-term goals you want to achieve in the next year or two. Take this chance to maximize your savings potential. Click here to compare the best high-yield savings accounts and open one today.

How to open a high-yield savings account

Getting started with a high-yield savings account is easy and usually takes just a few minutes:

1. Compare your options. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.
2. Apply online. Most accounts can be opened from your phone or computer — no paperwork required.
3. Fund your account. Link an existing checking or savings account and transfer the amount you want to deposit.
4. Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.
5. Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.
6. Keep an eye on your APY. Bank’s can raise or lower APYs at their discretion. If you see yours decrease substantially, it may be time to look around for a new account.

Prefer to skip the monthly deposit requirements?

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.American Express is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. HSBC Holdings is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. Synchrony Financial is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Goldman Sachs Group, JPMorgan Chase, PNC Financial Services, and U.S. Bancorp. The Motley Fool recommends Barclays Plc, Charles Schwab, Discover Financial Services, and HSBC Holdings and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.

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