In 2025, saving money has never been more rewarding with the availability of high-interest savings accounts. These accounts allow you to grow your savings faster than traditional savings accounts, offering competitive interest rates that beat inflation. When selecting a bank for your high-interest savings account, it’s important to consider factors such as the interest rate, fees, accessibility, and the bank’s reputation.
In this guide, we’ve curated a list of the top 10 banks that offer the best high-interest savings accounts in 2025. Whether you’re saving for an emergency fund, a down payment on a house, or future investments, these banks provide excellent options to help you maximize your savings.
1. Ally Bank
Interest Rate: 4.00% APY (Annual Percentage Yield)
Ally Bank is a leading online bank that consistently ranks high for its competitive interest rates. With no monthly maintenance fees and no minimum deposit required, Ally makes it easy to start saving. The online platform is user-friendly, and the bank offers excellent customer service, including 24/7 support.
Pros:
- High APY
- No minimum balance or maintenance fees
- Easy-to-use mobile and online banking
Cons:
- Limited physical branch access (online-only bank)
2. Marcus by Goldman Sachs
Interest Rate: 3.90% APY
Marcus by Goldman Sachs is known for offering one of the highest interest rates in the industry. With no fees and no minimum deposit requirement, Marcus is an attractive option for anyone looking to earn more on their savings. The bank also provides easy access to online banking and mobile apps.
Pros:
- High interest rate
- No fees or minimum balance
- Easy online account management
Cons:
- No checking account options
3. Capital One 360 Performance Savings
Interest Rate: 3.85% APY
Capital One 360 is a reliable option for high-interest savings. With a straightforward approach to banking, Capital One offers competitive APYs, no monthly fees, and easy access to mobile and online banking. You can also enjoy fee-free ATM access through its large network.
Pros:
- High interest rate
- No monthly fees
- Access to a large ATM network
Cons:
- Slightly lower rate than some online-only banks
4. Discover Bank
Interest Rate: 3.80% APY
Discover is another trusted name in banking, offering an attractive APY for its high-interest savings accounts. The bank has no minimum deposit or monthly maintenance fees and provides easy access to its online platform and mobile app. Plus, Discover offers a range of other financial products, including credit cards and loans.
Pros:
- No monthly fees
- No minimum deposit
- Access to a large network of ATMs
Cons:
- Customer service may not be as responsive as some other online banks
5. Synchrony Bank
Interest Rate: 3.75% APY
Synchrony Bank’s high-interest savings accounts are an excellent option for savers looking for higher yields. Synchrony offers an online-only savings account with no monthly fees and competitive interest rates. It also offers a suite of other banking products such as CDs and money market accounts.
Pros:
- High APY
- No monthly maintenance fees
- Easy online and mobile banking
Cons:
- Limited physical branch access
6. American Express National Bank
Interest Rate: 3.70% APY
American Express National Bank offers an attractive high-interest savings account with a competitive APY and no monthly fees. Known for its credit card services, American Express also provides excellent online banking features, allowing for easy deposits and transfers.
Pros:
- Competitive interest rate
- No monthly fees or minimum deposit
- Strong reputation and reliability
Cons:
- No physical branches for in-person banking
7. FNBO Direct
Interest Rate: 3.60% APY
FNBO Direct offers a highly competitive APY for a high-interest savings account, making it a great choice for those looking to maximize their savings. The bank offers a user-friendly online platform and has no monthly fees or minimum deposit requirements.
Pros:
- High interest rate
- No fees or minimum balance
- User-friendly online platform
Cons:
- Limited physical branch presence
8. CIT Bank
Interest Rate: 3.55% APY
CIT Bank’s high-interest savings account offers competitive rates and a low minimum deposit requirement. While it is an online-only bank, it provides an easy-to-navigate platform and is known for excellent customer service. CIT Bank also offers other financial products, such as CDs and money market accounts.
Pros:
- Competitive APY
- No monthly fees
- Low minimum deposit requirement
Cons:
- Limited physical branches
9. SoFi Money
Interest Rate: 3.50% APY
SoFi Money is a great choice for savers who want an integrated financial platform with high-interest rates. SoFi offers a combination of checking and savings accounts with competitive interest rates, no monthly fees, and easy access to its mobile app.
Pros:
- High interest rate
- No monthly fees
- User-friendly mobile app
Cons:
- Limited physical branch locations
10. Varo Bank
Interest Rate: 3.40% APY
Varo Bank offers one of the best interest rates in the online banking world. With no monthly fees, no minimum deposit, and no minimum balance requirements, Varo is an excellent option for those looking to save and earn high yields. Varo also has a great mobile app for on-the-go banking.
Pros:
- Competitive interest rate
- No monthly fees or minimum balance
- Robust mobile app
Cons:
- No physical branch access
Also Read: How to Choose the Right Bank for Your Financial NeedsÂ
Conclusion
As interest rates continue to rise in 2025, it’s the perfect time to explore high-interest savings accounts and make your money work for you. The banks listed above offer some of the best options for maximizing your savings with high APYs, no monthly fees, and easy access to online banking. Whether you prefer an online-only bank or a more traditional option with a larger ATM network, there’s an account that fits your needs.
When choosing a bank for your savings, remember to consider factors like interest rates, fees, and the convenience of managing your account. By selecting one of these top banks, you can ensure that your savings grow steadily and securely.