Best High-Yield Savings Account Rates Today: Sept. 23, 2025 — Up to 5.00% APY
Savers still have plenty to be happy about. Many high-yield savings accounts (HYSAs) are offering between 4.00% and 5.00% APY — a big improvement over the near-zero rates at most big banks.
That said, change is in the air. The Fed cut rates last week, and it’s likely these high APYs will start to ease in the weeks and months ahead.
If you’ve been on the fence, now’s a good time to grab a top offer while it’s still here. These are the best high-yield savings account rates available today.
- Varo Savings — up to 5.00% APY (Max APY on up to $5,000, 2.50% APY after)
- AdelFi Money Market Savings — up to 5.00% APY ($25 min. to open. Max APY on up to $5,000, 2.25% APY for $5K-$10K. Promo code required)
- Fitness Bank Ultra Savings — 4.75% APY ($100 min. to open. Other terms apply)
- Pibank Savings — 4.60% APY (No min. balance)
- Presidential Bank Advantage Savings — 4.50% APY ($5,000 min. to open. Other terms apply)
- Axos ONE® — up to 4.46% APY (Min. balance: $1,500)
Data source: Issuing banks. Rates are accurate as of Sept. 22, 2025.
Should you open an HYSA now?
Even after the Fed’s rate cut last week, many of the best HYSAs are still paying between 4.00% and 5.00% APY — some of the strongest returns in years and far higher than the tiny yields most big banks offer.
They’re also safe and easy to use. Deposits up to $250,000 are FDIC-insured, and you can move or withdraw money anytime. With no lockup period, an HYSA is a smart place for an emergency fund or short-term savings you might need quick access to.
That said, things are starting to shift. With the Fed’s first cut of the year behind us, APYs may begin to drift lower through the rest of 2025. That makes today’s higher rates especially valuable for savers who act now.
3 quick steps to open an HYSA
You can open a high-yield savings account in just a few minutes. Here’s how:
- Pick the right account. Search for one with a strong APY, no monthly fees, and requirements you can easily meet. If possible, choose a bank that also offers a checking account so you can link the two for quick transfers.
- Apply online. Most banks let you open an account online. You’ll just need a few basics, like your address and Social Security number.
- Move your money. Log in to your new account and transfer funds from your old savings or checking account. Transfers between banks usually take a few business days.
And that’s it — you’re ready to start earning more interest. Just remember to update any automatic deposits or bill payments to your new account.
How much can you earn in an HYSA?
Your savings can grow faster than you might think. Here’s how much interest you’d earn over time with an HYSA paying 4.00% APY, depending on your starting balance.
|
Starting Balance |
1 Year |
5 Years |
10 Years |
20 Years |
|---|---|---|---|---|
|
$5,000 |
$204 |
$1,104 |
$2,457 |
$5,622 |
|
$10,000 |
$408 |
$2,208 |
$4,914 |
$11,244 |
|
$20,000 |
$816 |
$4,416 |
$9,828 |
$22,488 |
Data source: Author’s calculations.
Given enough time, even a modest balance can bring in thousands in interest — and that’s without adding another dollar.
The sooner you open an HYSA, the sooner your money starts working harder, often earning 10 times the interest of a typical savings account. So don’t wait — open a high-yield savings account today.