Best Savings Accounts of January 2025.

High-yield savings accounts offer annual percentage yields (APYs) significantly exceeding the national average rate of 0.42%. Many accounts listed here feature rates surpassing 4%. These accounts serve as excellent options for individuals looking to enhance their savings. The Finance Monthly selections provided below will accelerate the growth of your emergency fund compared to standard rate accounts. Please continue reading to view our comprehensive list of recommended accounts, and refer to the end of the page for additional insights on the functionality of savings accounts and important considerations prior to opening one.

The APYs presented are accurate as of December 20, 2024, while all other details are up to date as of December 18, 2024.

Best High-Yield Savings Accounts of January 2025: Up to 5%

Bank/Institution Finance Monthly Rating APY Bonus Apply
SoFi Checking and Savings 4.5/5 4.00% $300 (With direct deposit, terms apply) https://www.sofi.com
American Express® High Yield Savings Account 4.5/5 3.80% N/A https://www.americanexpress.com
CIT Bank Platinum Savings 4.5/5 4.35% N/A https://www.cit.com
Discover® Online Savings 4.7/5 3.75% $200 (Requirements to qualify) https://www.discover.com
Capital One 360 Performance Savings™ 4.5/5 3.80% N/A https://www.capitalone.com
BMO Alto Online Savings Account 5.0/5 4.30% N/A https://www.bmo.com
Openbank High Yield Savings 4.9/5 4.75% N/A https://www.openbank.com