The Best Savings Account Rates Today, April 8, 2025: Up to 5.00%

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[[{“value”:”Image source: Upsplash/The Motley Fool
Saving money is a smart move, but why not let it grow, too? High-yield savings accounts offer rates up to 5.00% today, making them a great option.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. But remember, banks offer APYs that vary wildly, so it’s worth comparing accounts before you decide on one. Some accounts have far better returns than others.We scoured the internet to find you some of the best. Explore our picks below for the top high-yield savings rates today.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 7, 2025.Why we picked these savings accountsCompetitive APYs. These are among the highest interest rates available, helping your money grow faster.Low barriers to entry. Some of these accounts have low or no minimum deposit requirements to open or earn interest.Online convenience. Every account listed can be opened and managed entirely online from your phone or computer.Available nationwide. These banks let you open an account from anywhere in the U.S. without needing to join a local credit union.If you’re looking for an account that combines a strong APY with online access and flexibility, CIT Platinum Savings stands out. It’s a smart option for savers who want high returns. Read our full CIT Platinum Savings review to learn more.Want to grow your money without losing access and flexibility?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 separatelyShould you open a high-yield savings account?Got extra cash sitting in an account earning next to nothing? It’s time to boost your earnings. Right now, high-yield savings accounts are offering competitive rates.Think about opening one if you:Want easy online accessNeed freedom, flexibility, and no big feesSeek higher returnsValue the security FDIC insurance providesThese accounts let your cash grow while keeping it within reach. They’re ideal for covering unexpected repairs, planning a vacation, or keeping peace of mind if you lose your job. Don’t let your money just sit there; put it to work in a high-yield account.How to open an HYSAOpening a high-yield savings account is simple and quick. You can often do it in minutes.Here’s how to begin:Shop around. Look for the best APY. Think about fees, access, and any minimum balance needs.Utilize online applications. You can open most accounts on your phone or computer without any physical paperwork.Add funds. Connect a checking or savings account and transfer your chosen deposit amount.Set up recurring contributions (optional). This ensures your balance will continue to grow automatically 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.High-yield accounts offer a simple way to grow your cash with little effort. There’s really no reason not to take advantage of the benefits they provide. Click here to compare the best high-yield savings accounts and open one today.Sick of 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 March 2025 $80 calls on Charles Schwab. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Saving money is a smart move, but why not let it grow, too? High-yield savings accounts offer rates up to 5.00% today, making them a great option.

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.

But remember, banks offer APYs that vary wildly, so it’s worth comparing accounts before you decide on one. Some accounts have far better returns than others.

We scoured the internet to find you some of the best. Explore our picks below for the top high-yield savings rates today.

Why we picked these savings accounts

• Competitive APYs. These are among the highest interest rates available, helping your money grow faster.
• Low barriers to entry. Some of these accounts have low or no minimum deposit requirements to open or earn interest.
• Online convenience. Every account listed can be opened and managed entirely online from your phone or computer.
• Available nationwide. These banks let you open an account from anywhere in the U.S. without needing to join a local credit union.

Want to grow your money without losing access and flexibility?

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

Should you open a high-yield savings account?

Got extra cash sitting in an account earning next to nothing? It’s time to boost your earnings. Right now, high-yield savings accounts are offering competitive rates.

Think about opening one if you:

• Want easy online access
• Need freedom, flexibility, and no big fees
• Seek higher returns
• Value the security FDIC insurance provides

These accounts let your cash grow while keeping it within reach. They’re ideal for covering unexpected repairs, planning a vacation, or keeping peace of mind if you lose your job. Don’t let your money just sit there; put it to work in a high-yield account.

How to open an HYSA

Opening a high-yield savings account is simple and quick. You can often do it in minutes.

Here’s how to begin:

1. Shop around. Look for the best APY. Think about fees, access, and any minimum balance needs.
2. Utilize online applications. You can open most accounts on your phone or computer without any physical paperwork.
3. Add funds. Connect a checking or savings account and transfer your chosen deposit amount.
4. Set up recurring contributions (optional). This ensures your balance will continue to grow automatically over time.
5. 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.

High-yield accounts offer a simple way to grow your cash with little effort. There’s really no reason not to take advantage of the benefits they provide. Click here to compare the best high-yield savings accounts and open one today.

Sick of 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 March 2025 $80 calls on Charles Schwab. The Motley Fool has a disclosure policy.

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