- Last updated November 2025
Best Savings Accounts Of November 2025
Compare the top savings accounts on the market
✓ Highest yield savings accounts
✓ Low monthly fees & overdraft fees
✓ Access your accounts 24/7
9.9
Western Alliance Bank
Our #1 choice for savings accounts
Earn 5.20% APY with $1 minimum deposit
- Earn up to $2,000 when you refer friends and family
- Secure, 24/7 mobile access
- No monthly fees & FDIC insured
Earn 11.6x the national average
Our #1 choice for savings accounts
Earn 5.20% APY with $1 minimum deposit
- Earn 11.6x the national average
9.7
CloudBank 24/7
Recommended for higher deposit amounts
- Earn 5.15% APY
- No monthly maintenance fees
- FDIC insured
9.4
Upgrade Premier Savings
Earn 5.02% APY¹ on balances of $1,000+
- Pair with checking account with 2% cash back
- Secure, 24/7 mobile access
- No monthly fees
9.2
Barclays Tiered Savings
Earn Up To 4.80% APY with minimum balance requirements
- No monthly maintenance fees
- Direct deposit to make savings simple and easy
- Secure, 24/7 online access to funds
8.9
Valley Direct
More than 10x the national average
Earn 4.75% APY with $1 opening deposit
- Open an account with as little as $1
- No monthly account fees
- Free ATM card included
9.0
Varo
Automatic savings round-ups with high APY
- Qualify to earn 5.00% on up to $5,000
- No monthly or hidden fees
- Automatically round up spare change & save
9.8
One Finance
Our #1 choice for savings accounts
Earn 5.00% APY
- No monthly fees or minimum balance
- Get paid up to 2 days early
- Earn up to 5% cash back at select brands
Earn 11x the national average
Our #1 choice for savings accounts
Earn 5.00% APY
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Our Ratings:
The rating system for the best savings accounts consists of a combination of the following 3 components:
When seeking a high-yield savings account, the primary consideration is the interest rate. Look for accounts with high interest rates to maximize your earnings on deposited funds, as higher rates can significantly boost your savings over time.
It’s crucial to find accounts with low or no monthly maintenance fees and minimal transaction fees. Avoiding unnecessary charges ensures you retain more of your hard-earned savings and benefit fully from the high interest rates.
Many customers prefer high-yield savings accounts that offer additional features such as automated savings tools, financial planning resources, and integration with other financial products. These benefits can help you efficiently grow and manage your savings, ensuring you get the most out of your high-yield account.
Why Should You Open A Savings Account?
A savings account is a great way to save for short-term goals or unexpected expenses. When you open a high-yield savings account, you can earn interest on your deposited funds. This interest can help you grow your savings more quickly than if you left your money in a checking account, which generally gives you much less interest.
Another benefit of a savings account is that it is FDIC-insured. This means that your deposited funds are protected up to $250,000 per depositor, per bank. So, if the bank where your account is held fails, your money will be refunded by the FDIC with no risk to you.
If you want a safe and easy way to grow your savings, then a savings account may be right for you.
Which Account Is Right For You?
Top 5 Benefits Of Savings Accounts
- Earn More Interest: A savings account is the best way to go when saving money. Not only do you earn more interest on your deposited funds, but you can also access your cash quickly and easily if needed. In addition, many high-yield savings accounts come with no minimum balance requirements, so you can start saving today without worrying about meeting any specific requirements.
- Avoid Market Fluctuations: Unlike other investments, such as stocks and bonds, savings accounts are not subject to market fluctuations. This means that your deposited funds are always 100% safe and sound, no matter what the economy is doing.
- Easy Access To Funds: One of the most essential things about savings accounts is that you can easily access your deposited funds. This is perfect for when you need cash fast, such as in an emergency.
- Low Minimum Account Opening: Unlike other investment accounts, savings accounts usually have very low minimum opening requirements. This makes them accessible to nearly everyone, regardless of how much money you must deposit.
- Makes Saving Easier: A high-yield savings account makes saving money easier. First, the interest you earn can help your deposited funds to grow over time. Additionally, many high-yield savings accounts have automatic savings features that make it easy to set aside money each month without thinking about it.
Disclosures
SoFi:
*SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/24/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
*Direct Deposit Promotion begins on 12/7/23 and will be available through 12/31/24. See full terms and disclosures at sofi.com/banking.