You’re looking at up to 5.00% APY on top high-yield savings accounts as of Dec. 3, 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 savings accounts offer up to 5.00% APY, significantly higher than the national average.
- Varo Money leads with up to 5.00% APY, followed by Newtek Bank and Axos Bank.
- High-yield accounts are ideal for emergency funds, major purchases, or retirement savings.
- Choose accounts with competitive rates, no fees, easy access, and FDIC/NCUA insurance.
Regardless of your objective—whether it's establishing an emergency fund, setting aside money for a significant acquisition such as a vacation, accumulating capital for investments in precious metals, or preparing for your retirement—storing your funds in a high-yield savings account represents a prudent choice. This approach offers substantial returns while avoiding excessive intricacy or 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 4.35% with Newtek Bank.
- Earn up to 4.31% with Axos Bank.
The top interest rates available for savings accounts currently
Coins2Day has joined forces with Curinos, a consultancy firm specializing in the financial sector, to provide you with a precise overview of the top savings account interest rates currently available. Varo Money is at the forefront, while Newtek Bank and Axos Bank are also presenting quite competitive returns. Continue reading to explore our comprehensive selection of 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 financial services data analysis, we present up-to-date rates for savings accounts and Certificates of Deposit from a broad spectrum of financial entities. This daily compilation provides us with the essential basis to curate a selection that genuinely assists you in selecting the most suitable account for your specific circumstances.
Evolution of savings account interest rates
Although the typical interest rate for savings accounts has risen since the low points observed between 2020 and 2022, it remains significantly lower than the annual percentage yields offered by the top-tier high-yield savings accounts featured here.
Check Out Our Daily Rates Reports
- Discover the highest CD rates, up to 4.18% for December 2, 2025.
- Discover the current mortgage rates for December 1, 2025.
- Discover current refi mortgage rates report for December 2, 2025.
- Discover current ARM mortgage rates report for December 2, 2025.
- Discover the current price of gold for December 2, 2025.
- Discover the current price of silver for December 2, 2025.
What makes a high-yield savings account a beneficial choice?
A brief clarification on terms: No official account classification exists as a “high-yield savings account.”. The discussion actually concerns 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 structures. 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 limited selection of products, and lack any physical branches to manage. This streamlined operational model allows them to offer more favorable interest rates to customers.
If you're open to managing your finances digitally, transitioning 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 is the potential return on investment with an increased APY?
Imagine you have five thousand dollars in savings for an entire year, and the annual percentage yield remains constant. The earnings you'd accumulate with a 5.00% APY would be significantly distinct from the returns you'd see if the account's APY were 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 you're able to access your funds whenever necessary. Be mindful of 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?
It's possible. Financial institutions frequently modify their interest rates in response to the Federal Reserve does. Considering the Federal Reserve commenced lowering rates toward the end of 2025, which benefited those taking out loans but posed difficulties for individuals saving money, it's logical to anticipate that certain savings account yields might decrease in parallel.
Is it possible to experience financial 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 realize that your savings won't experience the volatility of stock market values; however, inflation might diminish the purchasing power of your funds if it exceeds your Annual Percentage Yield (APY).
Does a savings account offering a substantial return still provide value?
Indeed, they are. Apart from reductions in the Federal Reserve's interest rates, numerous high-yield savings accounts still provide annual percentage yields around 4.00%. These accounts serve as the most practical choice for safely increasing your funds while maintaining accessibility. However, we'll also mention that CDs merit consideration if you're able to commit your funds for a predetermined duration.