You’re looking at up to 5.00% APY on top high-yield savings accounts as of Nov. 26, 2025. To put that in perspective, that’s more than 10x higher than the FDIC-reported national average of 0.40%. For anyone trying to get real returns on their savings, the difference is substantial.
TL;DR
- Top high-yield savings accounts offer up to 5.00% APY, significantly exceeding the national average.
- Varo Money, Axos Bank, and Newtek Bank are leading institutions for competitive savings account yields.
- High-yield accounts are a prudent choice for various financial goals, offering substantial returns with minimal risk.
- When choosing an account, prioritize competitive rates, low minimums, fee-free options, fund accessibility, and FDIC/NCUA insurance.
Regardless of your objective—whether it's establishing an emergency fund, accumulating funds for a significant acquisition such as a vacation, setting aside capital for investment in valuable metals, or preparing for your golden years—storing your funds in a high-yield savings account represents a prudent choice. This approach offers substantial returns with minimal complication and avoids the hazards inherent in stock market ventures and similar financial instruments.
The three highest-APY accounts we’ve identified are as follows:
- Earn up to 5.00% with Varo Money.
- Earn up to 4.51% with Axos Bank.
- Earn up to 4.35% with Newtek Bank.
Current top savings account yields
Coins2Day has joined forces with Curinos, a consultancy firm specializing in the financial sector, to provide a precise overview of the most competitive savings account interest rates currently available. Axos Bank is leading the rankings, and Newtek Bank and Varo Money are also presenting notably good returns. Continue reading to explore our comprehensive selection of High-Yield Savings Accounts (HYSAs) and identify the best option for your specific requirements.
The implications of the Coins2Day/Curinos collaboration for you
In collaboration with Curinos, an entity boasting over three decades of experience in dissecting financial services information, we present up-to-date rates for savings accounts and Certificates of Deposit from a wide array of financial establishments. This daily compilation provides the essential basis for us to curate a selection that genuinely assists you in selecting the most suitable account for your specific circumstances.
The evolution of savings account interest rates
Although the typical savings account interest rate has risen from its 2020-2022 low point, it remains significantly lower than the annual percentage yields (APYs) offered by the top high-yield savings accounts featured here.
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Consider a high-yield savings account for its benefits.
A brief clarification of terms: No official account classification exists as a “high-yield savings account.”. What we are actually referring to are financial institutions, such as banks and credit unions, that provide interest rates considerably above the norm. This is simply a designation we employ for enhanced clarity.
The primary distinction between conventional and high-yield savings accounts largely stems from their operational models. Traditional financial institutions operate extensive branch systems and provide a comprehensive suite of services, including loans, checking accounts, and credit cards, among others. In contrast, high-yield providers typically operate exclusively online, maintain a streamlined selection of products, and lack any physical branches to manage. This streamlined operational approach allows them to offer more favorable interest rates to customers.
If you're open to managing your finances digitally, moving to an account with a higher yield could significantly boost your earnings. Based on your deposit amount and the annual percentage yield (APY), you might gain hundreds of dollars, or even more, in additional interest each year when contrasted with a typical savings account.
What's the potential return with a greater APY?
Imagine you have $5,000 in your savings account for an entire year, and the annual percentage yield (APY) remains constant. The earnings generated with a 5.00% APY would be significantly distinct from those obtained if the account's APY was just 0.40%. Review the projected figures presented here:
| Initial Deposit | Estimated Interest | |
|---|---|---|
| 0.40% APY | $5,000 | $22 |
| 5.00% APY | $5,000 | $256 |
| 0.40% APY | |
|---|---|
| Initial Deposit | $5,000 |
| Estimated Interest | $22 |
| 5.00% APY | |
| Initial Deposit | $5,000 |
| Estimated Interest | $256 |
It’s a surprisingly painless change that can have a real impact on your bottom line.
When selecting a high-yield savings account, consider these key features.
Focus on these things when you’re choosing a HYSA:
- Competitive rates. Look for APYs that are actually going to move the needle on your earnings.
- Low or no minimums. Plenty of high-yield accounts don’t require a hefty opening deposit, making them accessible if you’re building your savings from scratch.
- Fee-free. Skip accounts that nickel-and-dime you with monthly maintenance charges—that money should stay in your account.
- Access to your funds. Confirm that your funds are accessible for withdrawal when required. Note any limits on withdrawals and international ATM fees.
- Insurance. Check that your deposits are FDIC-protected at a bank or NCUA-protected at a credit union.
Note that any interest you earn will be taxable.
Frequently asked questions
Will interest rates on savings accounts decrease?
Financial institutions might. Banks frequently modify their interest rates in response to the Federal Reserve does. Considering the Federal Reserve initiated rate reductions near the end of 2025—beneficial for those taking out loans, but difficult for those depositing funds—it's logical to anticipate that certain savings account yields might decrease in parallel.
Is it possible to incur losses with a high-yield savings account?
Provided your account holds FDIC or NCUA insurance, you're generally covered for a maximum of $250,000 per financial institution. It's also important to note that your savings won't experience the volatility of stock market values, but inflation might diminish the purchasing power of your funds if it exceeds your Annual Percentage Yield (APY).
Are high-yield savings accounts still a good option?
Yes, it is. Fed rate cuts aside, many high-yield savings accounts continue to offer APYs in the vicinity of 4.00%. These accounts are effectively the best straightforward option for growing your money safely while keeping it within reach. Though we’ll also note CDs are worth considering if you can afford to lock your money away for a set period of time.