Current High-Interest Savings Rates as of August 4, 2025
In the current economic landscape, growing your savings quickly is more important than ever. High-yield savings accounts offer a solution for short-term goals such as emergencies, vacations, or new cars. These accounts outperform traditional savings accounts, with some offering rates significantly higher than the national average of 0.38%.
Let's take a look at some of the top high-yield savings accounts available in 2025:
- Varo Money leads the pack with an impressive APY of 5.00%, making it a standout for maximized savings growth.
- Zynlo Bank scores exceptionally well with a 4.9/5 rating on Bankrate's editorial ratings. With no minimums or fees, it's an appealing option for those seeking flexibility.
- Axos Bank offers an APY of 4.46%, a rate that has earned it a spot among the best according to NerdWallet.
- Newtek Bank is another high-yield option, highlighted by NerdWallet for its competitive rates.
- EverBank offers an APY of 4.30%, an online institution with no monthly fees and fee-free ATM access.
- CIT Bank provides an APY of 3.90%, an online bank with competitive yields and various account options.
- Capital One offers an APY of 3.50%, a well-known bank with no fees or overdraft charges, and a website score of 875.
- BrioDirect offers a high-yield savings account rate of 4.30% APY with a minimum opening deposit of $5,000.
- Openbank provides an APY of 4.20% with a minimum opening deposit of $500.
- Jenius Bank offers an APY of 4.20% with no minimum opening deposit.
- Bread Savings offers an APY of 4.25% with a minimum opening deposit of $100.
- Peak Bank currently offers the best high-yield savings account rate of 4.35% APY.
- Rising Bank offers an APY of 4.30% with a minimum opening deposit of $1,000.
- Forbright Bank provides an APY of 4.25% with no minimum opening deposit.
- Bask Bank offers an APY of 4.20% with no minimum opening deposit.
It's important to note that the Federal Reserve has held its benchmark rate steady at a range of 4.25-4.5 percent in 2025, resulting in continued stability in deposit account APYs.
Remember to check each bank's website for the most up-to-date details on minimum deposits and other terms and conditions. This overview draws on data from multiple sources, ensuring current, competitive options for savers.
To effectively grow personal-finance and save for short-term goals, consider opening a high-yield savings account. In the year 2025, various banks offer competitive yields, such as Varo Money with a remarkable APY of 5.00%, and Bread Savings with an appealing APY of 4.25%. However, it's crucial to research each bank's specific terms and conditions, as the Federal Reserve's steady rate has led to consistent deposit account APYs.
