Best high-yield savings accounts for 2025

I love answering your questions and Danielle in Austin, Texas, wrote, “I see online banks that offer really high interest rates. Are they safe? My bank doesn’t even pay 1%!”

High-yield savings accounts (HYSAs) online earn much higher interest rates than what big-name banks like Chase or Wells Fargo offer. I wouldn’t go with just any online bank, though. 

Stick with the established names, and make sure your deposits are FDIC-insured. Even if the bank fails, you’re covered up to $250,000 per depositor, per account type. 

Here are four major online banks 

These are FDIC-insured, have no monthly fees and no minimum deposit requirement. The differences boil down to interest rates, ATM access, number of withdrawals allowed per month and customer service.

📌 Marcus by Goldman Sachs – APY: 3.90%

• Withdrawal Limitations: No specified limit on the number of withdrawals per month​
• Accessibility: No ATM access or physical branches; online and mobile banking available
• Customer Service: 24/7 customer support via phone and chat

📌 Ally Bank – APY: 4.35%

• Withdrawal Limitations: Federal regulations limit certain types of withdrawals to six per statement cycle​
• Accessibility: No physical branches; extensive ATM network and mobile banking with check deposit​
• Customer Service: 24/7 customer support via phone, chat and email

📌 Capital One 360 Performance Savings – APY: 3.70%

• Withdrawal Limitations: No specified limit on the number of withdrawals per month​
• Accessibility: Physical branches and Capital One Cafés; online and mobile banking with check deposit​
• Customer Service: Available via phone and in person during branch hours​

📌 American Express High Yield Savings – APY: 3.70%

• Withdrawal Limitations: Federal regulations limit certain types of withdrawals to six per statement cycle​
• Accessibility: No ATM access or physical branches; online and mobile banking available​
• Customer Service: 24/7 customer support via phone and online messaging​

What to watch out for

• APYs change: Banks adjust rates based on the Federal Reserve, so always double-check before opening an account.
• Hidden fees: Some banks sneak in fees for excessive withdrawals or out-of-network ATM usage.
• Introductory APYs can drop: Some banks advertise high promo rates that plummet after a few months. Always check the long-term rate.

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