Best High-Yield Savings Account Rates Today: Sept. 30, 2025 — Up to 5.00% APY
Should you open a high-yield savings account now?
Even after the Fed’s recent rate cut, many top HYSAs are still offering between 4.00% and 5.00% APY — some of the best returns we’ve seen in years and far above the tiny yields most big banks continue to pay.
They’re also safe and flexible. Deposits up to $250,000 are FDIC-insured, and you can move or withdraw funds anytime. With no lockup period, an HYSA is a great fit for an emergency fund or short-term savings you want quick access to.
The catch is that these strong rates may not last. With the Fed’s first cut of the year now behind us, APYs could begin drifting lower as 2025 goes on. That makes today’s higher offers especially appealing for savers who act before they slip away.
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.