Introduction
High-yield savings accounts (HYSAs) offer a fantastic way to grow your savings with minimal risk while retaining liquidity. Thanks to interest rate hikes globally in 2024 and 2025, many banks and credit unions now offer attractive rates well above traditional savings accounts. This guide covers the best high-yield savings accounts worldwide in 2025, their key features, eligibility, and tips to choose the ideal account for your financial goals.
What is a High-Yield Savings Account?
A high-yield savings account is a type of savings account that offers a higher annual percentage yield (APY) than standard accounts, allowing your money to grow faster while still being easily accessible.
Key Features:
- Typically offers 4% to 5%+ APY in 2025, much higher than national averages.
- Provides liquidity, so you can withdraw anytime without penalties.
- Often available through online banks or fintechs, which save on costs to offer better rates.
- Deposits are generally insured by government agencies like the FDIC (US) or equivalent bodies abroad.
Best High-Yield Savings Accounts Worldwide in 2025
Here is a regional breakdown of some of the best high-yield savings accounts noted for their competitive rates and features, complete with direct links to apply or learn more.
United States
Varo Bank — 5.00% APY
- Requirements: Receive $1,000+ in monthly direct deposits and maintain a positive balance.
- Why It’s Great: One of the highest APYs available, no monthly fees, no minimum balance.
- Details: Earn 5.00% APY on up to $5,000, then 2.50% thereafter.
- Explore Varo Bank
AdelFi Credit Union — 4.34% APY (Certificate Account)
- Requirements: Membership (faith-based) and $1,000 minimum deposit for certificates.
- Highlights: Christian-values focused credit union offering strong certificate rates.
- Learn About AdelFi Certificates
Fitness Bank — 4.85% APY (Fitness Savings)
- Unique Feature: Earn interest linked to your daily step counts tracked via app.
- Why It’s Unique: Merges fitness goals with saving incentives.
- Check Fitness Bank Savings
Axos Bank — 4.66% APY
- Strengths: No minimum balance, no monthly fees.
- Conditions: High APY requires bundled checking and qualifying direct deposit transactions.
- Visit Axos Bank
Discover® Online Savings Account — 3.60% APY
- Advantages: No minimum deposit, highly rated customer service, easy online setup.
- Best For: Simple, fee-free online savings with reputable backing.
- See Discover Savings Account
Pibank — 5.50% APY (Launched in US)
- Features: FDIC insured up to $250,000, no fees, no minimum balance.
- Details: Newly launched in the US, known for transparency and simplicity.
- Explore Pibank Savings
Europe: Openbank (by Santander) — 4.30% APY
- Features: Earn interest up to €100,000 with no fees for new customers.
- Considerations: Requires new customers and minimum deposits for highest yields.
- Openbank Welcome Savings Account
Spain and Netherlands Online Banks
- Pibank (Spain): Competitive APY and easy app access (see above link).
- Netherlands: ING and Bunq offer solid mobile banking with rates around 4.1-4.3% APY.
Australia : Border Bank — Around 4.75% APY
- Benefits: Good customer support, flexible account types, some term deposits start at $10,000 AUD.
- More on Border Bank Savings
[ING Australia Savings Maximiser — Approx 4.80% APY]
- Requirements: Monthly deposits and debit card use to maximize interest.
- Strength: Trusted institution with high rates for compliant customers.
Today’s best high-yield savings accounts: Earn up to 5.00% APY
Fortune reviews the top rates offered by leading U.S. financial institutions each day to help readers obtain the best possible return on their savings. Today’s best high-yield savings account rate of 5.00% can be found at Varo Money. Here are the best savings account rates available nationwide today:
| Institution name | APY | |
|---|---|---|
| Varo Money | 5.00% | Daily |
| Betterment | 4.65% | Monthly |
| SoFi | 4.50% | Monthly |
| Presidential Bank | 4.50% | Monthly |
| Axos Bank | 4.46% | Daily |
| Zynlo Bank | 4.35% | Daily |
| Newtek Bank | 4.35% | Daily |
| Vio Bank | 4.31% | Daily |
| Western Alliance Bank | 4.30% | Monthly |
| MyBankingDirect.com | 4.30% | Manual |
| BrioDirect | 4.30% | Monthly |
| EverBank | 4.30% | Daily |
| Valley Direct Bank | 4.30% | Daily |
| First Foundation Bank | 4.25% | Daily |
| Ivy Bank | 4.25% | Daily |
| Bread Savings | 4.25% | Daily |
| Forbright Bank | 4.25% | Daily |
| Customers Bank | 4.23% | Monthly |
| Colorado Federal Savings Bank | 4.20% | Daily |
| Bask Bank | 4.20% | Monthly |
How to Choose the Right High-Yield Savings Account
Compare Interest Rates & Terms
Beware of tiered rates or conditions applying only to portions of your balance.
Consider Minimum Deposits and Fees
Some accounts require minimum balances or monthly direct deposits to get the top APY.
Look at Accessibility & Online Features
Mobile apps, ATM access, and customer support are key for managing your account easily.
Understand Tax Implications
Interest earned may be taxable based on your country’s rules.
Why High-Yield Savings Accounts Are Popular
Better Returns
Rate hikes in recent years have significantly boosted potential earnings in savings accounts.
Safety and Liquidity
You keep easy access to your funds without risking principal loss, unlike stock investments.
Online-First Convenience
Most competitive HYSAs are digital, making account management effortless.
Pros and Cons
Benefits
- Higher APYs than regular savings accounts.
- FDIC or equivalent insurance protects deposits.
- No lock-in period or withdrawal penalties.
Drawbacks
- Interest rates can fluctuate with market conditions.
- Some accounts enforce activity requirements.
- May have caps on the high rate portion of the balance.
Tips to Maximise Your Returns
Split Your Savings
Spread funds across multiple banks to maximise high-rate portions.
Use Bonuses and Promotions
Many banks offer cash bonuses for new accounts, along with high APYs.
Monitor Rates & Move Funds
Rates change frequently; switching accounts can keep returns optimal.
Read More: High-yield savings accounts
Conclusion
High-yield savings accounts worldwide in 2025 provide excellent safe growth potential with the flexibility you need for emergency funds or short-term goals. Choose accounts based on your balance size, location, and banking preferences to get the most from your savings.
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