<\/span><\/h2>\n\n\n\nBelow is a comparison of some of the top high-yield savings accounts currently available. Rates (APY), minimum deposits, and estimated annual earnings are based on a $20,000 balance.<\/p>\n\n\n\nBank \/ Institution<\/th> Account Name<\/th> APY<\/th> Minimum Deposit<\/th> Estimated Annual Earnings<\/th><\/tr><\/thead> Western Alliance Bank<\/strong><\/td>High-Yield Savings Premier<\/td> 4.20%<\/td> $500<\/td> $840<\/td><\/tr> Openbank by Santander<\/strong><\/td>High-Yield Savings<\/td> 4.20%<\/td> $500<\/td> $840<\/td><\/tr> Quorum Federal Credit Union<\/strong><\/td>Quorum HighMarq Savings<\/td> Up to 4.10%<\/td> $0<\/td> N\/A<\/td><\/tr> CIT Bank<\/strong><\/td>Platinum Savings<\/td> Up to 4.00%<\/td> $100<\/td> N\/A<\/td><\/tr> Live Oak Bank<\/strong><\/td>Personal Savings<\/td> 4.00%<\/td> $0<\/td> $800<\/td><\/tr> UFB Direct<\/strong><\/td>UFB Portfolio Savings<\/td> Up to 3.90%<\/td> $0<\/td> $780<\/td><\/tr> Quontic Bank<\/strong><\/td>High Yield Savings<\/td> 3.85%<\/td> $100<\/td> $770<\/td><\/tr> SoFi<\/strong><\/td>Checking and Savings<\/td> Up to 3.80%<\/td> $0<\/td> $760<\/td><\/tr> Synchrony Bank<\/strong><\/td>High Yield Savings Account<\/td> 3.80%<\/td> $0<\/td> $760<\/td><\/tr> Cash App<\/strong><\/td>Savings<\/td> Up to 3.75%<\/td> $0<\/td> $750<\/td><\/tr> Marcus by Goldman Sachs<\/strong><\/td>Online Savings Account<\/td> 3.65%<\/td> $0<\/td> $730<\/td><\/tr> Capital One<\/strong><\/td>360 Performance Savings<\/td> 3.50%<\/td> $0<\/td> $700<\/td><\/tr> American Express<\/strong><\/td>High Yield Savings Account<\/td> 3.50%<\/td> $0<\/td> $700<\/td><\/tr> Discover Bank<\/strong><\/td>Online Savings Account<\/td> 3.50%<\/td> $0<\/td> $700<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<\/span>Key Takeaways<\/span><\/h3>\n\n\n\n\nHighest APY (4.20%)<\/strong>: Western Alliance Bank and Openbank by Santander.<\/li>\n\n\n\nBest No-Minimum Option<\/strong>: Live Oak Bank (4.00% APY, $0 minimum).<\/li>\n\n\n\nStrong All-Rounders<\/strong>: SoFi, Synchrony, and Quontic offer competitive rates with low barriers to entry.<\/li>\n\n\n\nBig Banks with Reliability<\/strong>: Capital One, American Express, Discover, and Goldman Sachs offer slightly lower APYs but come with brand trust and strong digital platforms.<\/li>\n<\/ul>\n\n\n\nPro Tip: Always check whether the bank is FDIC or NCUA insured, confirm any balance tiers for the advertised APY, and review fees before opening an account.<\/p>\n\n\n\n
<\/span>Best High-Yield Savings Accounts of 2025<\/span><\/h2>\n\n\n\n<\/span>Synchrony Bank High-Yield Savings<\/span><\/h3>\n\n\n\nSynchrony\u2019s High-Yield Savings is a strong pick if you want a stand-alone savings account that\u2019s simple, flexible, and designed for earning. With a competitive APY, no monthly fees, and ATM access (something many online banks don\u2019t offer), it\u2019s a solid choice for everyday savers.<\/p>\n\n\n\n
Why it works well<\/strong><\/p>\n\n\n\nSynchrony pairs a high yield with dependable customer service and low fees, giving you a package that\u2019s easy to recommend.<\/p>\n\n\n\n
What to keep in mind<\/strong><\/p>\n\n\n\nIt\u2019s an online-only bank, so if you prefer face-to-face service or need to deposit cash often, this account may feel limiting.<\/p>\n\n\n\n
Best fit for<\/strong><\/p>\n\n\n\nThis account is a good match if you want to build or grow an emergency fund without tying it to a checking account.<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n\nCompetitive savings rate with daily compounding interest<\/li>\n\n\n\n Zero monthly fees or minimum balance requirements<\/li>\n\n\n\n No overdraft fees<\/li>\n\n\n\n 24\/7 automated customer support<\/li>\n\n\n\n ATM access with up to $5 in reimbursements per statement period<\/li>\n<\/ul>\n\n\n\nCons<\/strong><\/p>\n\n\n\n\nNo physical branches<\/li>\n\n\n\n $25 fee for domestic outgoing wires (no international wires)<\/li>\n\n\n\n Six withdrawal limit per month (ATM withdrawals don\u2019t count)<\/li>\n<\/ul>\n\n\n\nDetails<\/strong><\/p>\n\n\n\nYou\u2019ll earn 3.80% APY, compounding daily. There are no monthly maintenance or overdraft fees, and no minimums to open or earn interest. Incoming wires are free, while outgoing domestic wires cost $25. ATM access is included through the Plus and Accel networks, and you\u2019ll get up to $5 in U.S. ATM fee reimbursements per statement. Customer service is available 24\/7 by phone, with a chatbot that can connect you to a human agent.<\/p>\n\n\n\n
<\/span>Capital One 360 Performance Savings Account\u2122<\/span><\/h3>\n\n\n\nCapital One\u2019s 360 Performance Savings account strikes a balance between a competitive yield and the ability to walk into a branch when you need it. While its APY isn\u2019t the very highest on the market, the combination of digital convenience and in-person support makes it stand out.<\/p>\n\n\n\n
Why it works well<\/strong><\/p>\n\n\n\nCapital One keeps fees low, doesn\u2019t require a minimum balance, and gives you the choice of managing your money online or in person. That flexibility is rare for a high-yield account.<\/p>\n\n\n\n
What to keep in mind<\/strong><\/p>\n\n\n\nAlthough the yield beats the national average, you can find higher APYs from other banks on this list. Also, interest compounds monthly rather than daily.<\/p>\n\n\n\n
Best fit for<\/strong><\/p>\n\n\n\nThis account is ideal if you like the security of being able to visit a physical branch\u2014or even a Capital One Caf\u00e9\u2014while still earning a solid rate on your savings.<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n\nNo monthly maintenance fees<\/li>\n\n\n\n No minimum deposit required<\/li>\n\n\n\n 24\/7 phone customer service<\/li>\n\n\n\n Access to bank branches nationwide<\/li>\n<\/ul>\n\n\n\nCons<\/strong><\/p>\n\n\n\n\nBetter APYs available elsewhere<\/li>\n\n\n\n Fewer branches than other national banks<\/li>\n\n\n\n Interest compounds monthly, not daily<\/li>\n<\/ul>\n\n\n\nDetails<\/strong><\/p>\n\n\n\nYou\u2019ll earn 3.50% APY on all balances, compounding monthly. No overdraft or maintenance fees apply, and there\u2019s no minimum balance requirement. Wire transfers come with fees: $30 for domestic and $40 for international, which must be handled at a branch. This account doesn\u2019t provide an ATM card, so you\u2019ll need a checking account if you want that access. Withdrawals are limited to six per month, though this restriction isn\u2019t currently being enforced.<\/p>\n\n\n\n
<\/span>American Express\u00ae High Yield Savings Account<\/span><\/h3>\n\n\n\nAmerican Express is a trusted name in finance, and its High Yield Savings Account offers a reliable option with few fees and a solid APY. While it doesn\u2019t have the very top rate on this list, it provides strong digital banking tools and dependable customer service.<\/p>\n\n\n\n
Why it works well<\/strong><\/p>\n\n\n\nAmex brings the polish of a large financial institution, with easy online access, a clean mobile app, and customer service that\u2019s consistently rated above average.<\/p>\n\n\n\n
What to keep in mind<\/strong><\/p>\n\n\n\nYou won\u2019t get check-writing privileges or ATM access with this account, which makes it less flexible for quick withdrawals. And while the APY is good, other banks still offer higher yields.<\/p>\n\n\n\n
Best fit for<\/strong><\/p>\n\n\n\nThis account is a great choice if you value seamless online banking and responsive customer service, and don\u2019t mind moving money digitally rather than withdrawing at an ATM.<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n\nNo monthly fees or minimum balance<\/li>\n\n\n\n Daily compounding interest<\/li>\n\n\n\n Strong customer service reputation<\/li>\n<\/ul>\n\n\n\nCons<\/strong><\/p>\n\n\n\n\nLower APY compared to some competitors<\/li>\n\n\n\n No ATM access<\/li>\n\n\n\n No checks or overdraft option<\/li>\n<\/ul>\n\n\n\nDetails<\/strong><\/p>\n\n\n\nAmex\u2019s High Yield Savings pays 3.50% APY on all balances (as of July 23, 2025), with daily compounding. There are no monthly fees, no minimum deposits, and you can open an account with any amount. Overdrafts aren\u2019t allowed, but wire transfers are available. While you won\u2019t get an ATM card or checks, there\u2019s no transaction limit, and customer service is available 24\/7 through both phone and the mobile app.<\/p>\n\n\n\n
<\/span>Marcus by Goldman Sachs High-Yield Online Savings Account<\/span><\/h3>\n\n\n\nMarcus by Goldman Sachs offers a straightforward savings account with a solid interest rate, no maintenance fees, and 24\/7 customer support. It\u2019s not the highest yield on the market, but the combination of simplicity and reliability makes it a good fit for many savers.<\/p>\n\n\n\n
Why it works well<\/strong><\/p>\n\n\n\nYou\u2019ll earn a competitive APY on all balances with no minimum deposit requirements. Marcus also scores highly in customer satisfaction surveys, like the 2024 J.D. Power U.S. Direct Banking Satisfaction Study, thanks to its round-the-clock support and easy-to-use platform.<\/p>\n\n\n\n
What to keep in mind<\/strong><\/p>\n\n\n\nThe yield is attractive but not the very best available. Marcus also doesn\u2019t offer a checking account or ATM access, so it isn\u2019t a full-service banking option. That means it\u2019s less convenient if you need quick, in-person access to your money.<\/p>\n\n\n\n
Best fit for<\/strong><\/p>\n\n\n\nThis account is a great choice if you\u2019re saving for short-term goals\u2014like a holiday fund, vacation, or car purchase\u2014and want an easy, low-maintenance account with excellent customer service.<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n\nSolid APY with daily compounding<\/li>\n\n\n\n No monthly fees or minimum balance requirements<\/li>\n\n\n\n 24\/7 customer support<\/li>\n\n\n\n Good ratings for customer satisfaction<\/li>\n<\/ul>\n\n\n\nCons<\/strong><\/p>\n\n\n\n\nOther banks offer higher APYs<\/li>\n\n\n\n No ATM access<\/li>\n\n\n\n No physical branches or checking account option<\/li>\n<\/ul>\n\n\n\nDetails<\/strong><\/p>\n\n\n\nMarcus pays 3.65% APY on all balances, with interest compounding daily. There are no minimum deposits and no maintenance fees. Wire transfers are free, but you can only send funds to accounts you own at another bank. While ATM access isn\u2019t available, you can make unlimited transfers out of your savings. Customer support is available 24\/7 by phone, and existing customers also have access to an online chatbot for instant help.<\/p>\n\n\n\n
<\/span>Barclays Online Savings<\/span><\/h3>\n\n\n\nBarclays Online Savings is a straightforward, low-cost option that lets you start saving with any balance. It comes with a strong APY, no monthly fees, and no minimum deposit requirement\u2014making it an easy pick for anyone who wants a simple, no-fuss savings account.<\/p>\n\n\n\n
Why it works well<\/strong><\/p>\n\n\n\nWith daily compounding interest and no monthly charges, your money grows without hidden costs. You also won\u2019t need to worry about minimum deposits or overdraft penalties, making it a safe space for both new and experienced savers.<\/p>\n\n\n\n
What to keep in mind<\/strong><\/p>\n\n\n\nBarclays doesn\u2019t have physical branches or ATM access in the U.S., and it doesn\u2019t offer checking accounts. If you\u2019re looking for an all-in-one banking solution, you may find it limiting.<\/p>\n\n\n\n
Best fit for<\/strong><\/p>\n\n\n\nThis account is ideal for someone who wants a low-maintenance, fee-free savings option with a competitive yield, and doesn\u2019t mind doing all their banking online.<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n\nNo monthly fees or overdraft charges<\/li>\n\n\n\n No minimum balance requirements<\/li>\n\n\n\n Daily compounding interest<\/li>\n<\/ul>\n\n\n\nCons<\/strong><\/p>\n\n\n\n\nNo U.S. branches<\/li>\n\n\n\n No ATM access<\/li>\n\n\n\n No checking account option<\/li>\n<\/ul>\n\n\n\nDetails<\/strong><\/p>\n\n\n\nBarclays pays 3.70% APY on all balances, with interest compounding daily. You can open an account with any amount, though accounts with less than $1 for 180 days may be closed. There are no monthly fees, no nonsufficient funds fees, and no limits on withdrawals or transfers each month. Customer service is available seven days a week from 8 a.m. to 8 p.m. ET.<\/p>\n\n\n\n
<\/span>SoFi Checking and Savings Account<\/span><\/h3>\n\n\n\nSoFi\u2019s Checking and Savings Account is a modern, no-fee option that combines both checking and savings into one easy-to-manage package. It stands out by paying interest on both balances, with the savings side earning the higher APY. On top of that, SoFi provides extra perks like early paycheck access and expanded FDIC insurance up to $3 million.<\/p>\n\n\n\n
Why it works well<\/strong><\/p>\n\n\n\nThis account does more than most: you\u2019ll earn interest on your money whether it\u2019s in checking or savings, enjoy overdraft protection with no fees (when you qualify), and get paid up to two days early with direct deposit. The added FDIC coverage is a big plus for high-balance savers who want extra security.<\/p>\n\n\n\n
What to keep in mind<\/strong><\/p>\n\n\n\nTo unlock the highest APY and overdraft coverage, you\u2019ll need to set up direct deposit. If you\u2019re not planning to send your paycheck to SoFi, you won\u2019t get the full benefit.<\/p>\n\n\n\n
Best fit for<\/strong><\/p>\n\n\n\nThis account is perfect if you prefer digital banking and like the convenience of keeping both checking and savings under one roof. It\u2019s especially rewarding if you\u2019re comfortable routing your paycheck through SoFi to maximize all the perks.<\/p>\n\n\n\n
Pros<\/strong><\/p>\n\n\n\n
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