Almost everyone has a savings account—but how many of us are actually making the most of that idol cash? Are you ensuring you’ve partnered up with the best bank, or just settling for whichever institution you happen to find yourself with? 

As 2025 gets underway, savings accounts remain one of the most reliable ways to grow your money while keeping it accessible. Although the Federal Reserve has been cutting interest rates and causing savings yields to fall, the reality is that they still remain relatively high and will likely still be above the historical norm throughout 2025—meaning there is no reason not to take advantage.

The Best Savings Accounts for the Highest Yields

High-yield savings accounts can help you earn more on your deposits while keeping your funds secure and accessible. Here are some of the best options for competitive interest rates:

SoFi Checking and Savings

• APY: 4.00%
• Minimum Balance for APY: $0
• Bonus Offer: Earn up to $300 with direct deposit (terms apply).
• Pros: High APY, no monthly fees, and a seamless digital banking experience.
• Visit SoFi Checking and Savings

American Express® High Yield Savings Account

• APY: 3.80%
• Minimum Balance for APY: $0
• Pros: Trusted brand, no monthly fees, and user-friendly platform.
• Visit American Express High Yield Savings

CIT Bank Platinum Savings

• APY: 4.35%
• Minimum Balance for APY: $5,000
• Pros: Competitive rate for balances over $5,000, great for savers with higher deposits.
• Visit CIT Bank Platinum Savings

Discover® Online Savings

• APY: 3.75%
• Minimum Balance for APY: $0
• Bonus Offer: Earn up to $200 with qualifying deposits.
• Pros: High APY, no monthly fees, and an established name in banking.
• Visit Discover Online Savings

Capital One 360 Performance Savings™

• APY: 3.80%
• Minimum Balance for APY: $0
• Pros: Competitive rate with no fees or minimums.
• Visit Capital One 360 Savings

The Best Savings Accounts for Bonus Offers

Many banks offer attractive bonus promotions to attract new customers. If you’re opening a new account, taking advantage of these offers can give your savings a nice boost.

PNC Virtual Wallet With Performance Select

• Bonus: $400
• Qualifications: Direct deposit of at least $5,000 within 60 days.
• Expiration Date: Jan. 2, 2025
• Pros: Great bonus for higher earners who can meet deposit requirements.
• Learn More About PNC Virtual Wallet

SoFi Checking and Savings

• Bonus: $50–$300 depending on direct deposit amount ($1,000–$5,000).
• Expiration Date: Jan. 31, 2026
• Pros: No monthly fees and flexible deposit windows to qualify for the bonus.
• Learn More About SoFi Checking and Savings

Wells Fargo Savings Bonus

• Bonus: $525
• Qualifications: Deposit $25,000 in new money and maintain the balance for 90 days.
• Expiration Date: Jan. 8, 2025
• Pros: High bonus for large deposits, ideal for savers with significant funds.
• Learn More About Wells Fargo Savings

Barclays Bank Savings Bonus

• Bonus: $200
• Qualifications: Deposit at least $25,000 into a Tiered Savings account.
• Expiration Date: Jan. 6, 2025
• Pros: Competitive offer from an established online bank.
• Learn More About Barclays Savings

TD Bank Signature Savings

• Bonus: $200
• Qualifications: Deposit $10,000 in new-to-TD funds and maintain the balance for 90 days.
• Expiration Date: March 31, 2025
• Pros: Solid bonus with lower deposit requirements compared to others.
• Learn More About TD Bank Savings

The Best Savings Accounts for a Full-Service Banking Platform

Savings accounts that are part of a full-service banking platform offer more than just competitive rates. They provide seamless integration with other financial tools, making it easier to manage your entire financial life in one place. 

Here are some top options for holistic banking experiences in 2025:

Discover® Online Savings

• APY: 3.75%
• Benefits: Discover offers a straightforward savings account with no monthly fees, along with access to a suite of financial tools, including credit card management and personal loans.
• Why It Stands Out: The Discover app and website make it easy to manage all your accounts in one place, offering a well-rounded financial platform.
• Visit Discover Online Savings

SoFi Checking and Savings

• APY: 4.00%
• Benefits: SoFi goes beyond savings accounts, offering checking, investing, personal loans, and even credit cards, all accessible within its user-friendly app.
• Why It Stands Out: SoFi’s all-in-one platform caters to modern consumers who prefer managing their finances digitally and offers a wide range of financial products, from investing and banking to lending and more.
• Visit SoFi Checking and Savings

American Express® High Yield Savings Account

• APY: 3.80%
• Benefits: In addition to its competitive savings rate, American Express provides access to premium credit cards and other financial services, creating a comprehensive financial ecosystem.
• Why It Stands Out: Trusted for its exceptional customer service and reliable digital tools, American Express offers a seamless experience for those already using its credit products.
• Visit American Express Savings

Prioritize Your Savings Account in 2025

Although they might seem pretty basic, the reality is that savers who say “any savings account will do” are missing out on a lot of potential interest income, bonus offers, and other perks. Whether you’re chasing high yields, looking for enticing bonus offers, or want a holistic financial platform, there’s an account that fits your needs. By aligning your choice with your financial goals, you can maximize your savings and enjoy a more seamless money management experience in the new year.