You want a savings account with strong returns, low fees, and modern features. In 2025, more banks will offer competitive products designed for smart savers like you, searching for the 10 best savings accounts 2025.
This article lists the top 10 banks offering the best savings accounts this year. You’ll also learn how to evaluate and compare your options based on what really matters.
What Makes a Good Savings Account in 2025?
Knowing what defines a great savings account helps you choose wisely. Many accounts look attractive on the surface, but the best ones combine several key features.
High Annual Percentage Yield – APY
The APY is how much interest your money earns over time. In 2025, many online banks offer APYs above 4.00%, which beats most traditional options.
You should look for rates that keep up with or outpace inflation. A higher APY means faster growth without extra effort.
No Monthly Maintenance Fees
Monthly fees reduce your savings. The best accounts have zero fees for maintenance, even if your balance is low.
Avoid banks that require a high minimum just to avoid charges. You should never pay to keep your money in a savings account.
Easy Online and Mobile Access
You need an account that’s easy to manage from your phone or computer. In 2025, mobile apps let you track your balance, transfer funds, and automate deposits.
Choose a bank that offers secure, fast, and reliable access on all your devices. This makes saving more flexible and consistent.
Automatic Transfers and Tools
Good accounts make saving easier. Look for options that allow scheduled transfers from your checking to savings.
Some banks even offer tools to set goals and track your progress. These features help you stay consistent without manual work.
Compare the Top 10 Best Savings Accounts in 2025
These banks lead the pack for high interest, low fees, and digital convenience. Each offers something valuable depending on how you plan to save.
1. Ally Bank
Ally Bank remains a top choice due to its high APY and no-fee model. You get 24/7 support and one of the easiest mobile apps available.
There’s no minimum balance requirement. If you want reliability and performance, Ally is a solid option. due to its high APY and no-fee model.
You get 24/7 support and one of the easiest mobile apps available. There’s no minimum balance requirement. If you want reliability and performance, Ally is a solid option.
2. Marcus by Goldman Sachs
Marcus by Goldman Sachs offers a consistently strong APY with no transaction limits. It’s ideal for people building an emergency fund or saving steadily over time.
The platform is clean and easy to use. It’s backed by a trusted financial brand. strong APY with no transaction limits.
It’s ideal for people building an emergency fund or saving steadily over time. The platform is clean and easy to use. It’s backed by a trusted financial brand.
3. Capital One 360 Performance Savings
Capital One 360 has no fees and a solid APY. It integrates smoothly with other Capital One accounts, making transfers seamless. You can manage your savings in the same app as your credit cards.
Great for users who want everything in one place. and a solid APY. It integrates smoothly with other Capital One accounts, making transfers seamless.
You can manage your savings in the same app as your credit cards. Great for users who want everything in one place.
4. Discover Online Savings
Discover Online Savings offers a reliable APY and no hidden charges. It has a strong reputation for customer service. The account doesn’t require a minimum deposit.
You also get a user-friendly dashboard and app. APY and no hidden charges. It has a strong reputation for customer service.
The account doesn’t require a minimum deposit. You also get a user-friendly dashboard and app.
5. American Express® High Yield Savings
American Express High Yield Savings offers a clean, straightforward savings experience. The APY is competitive, and there are no monthly fees.
It’s best for those who don’t need a checking account. You can link external accounts for easy transfers. clean, straightforward savings experience.
The APY is competitive, and there are no monthly fees. It’s best for those who don’t need a checking account. You can link external accounts for easy transfers.
6. Synchrony Bank
Synchrony Bank provides one of the highest APYs available in 2025. You can request an ATM card for cash access, which is rare for online savings.
There are no monthly fees or balance requirements. Perfect for those who want liquidity and returns. APYs available in 2025. You can request an ATM card for cash access, which is rare for online savings.
There are no monthly fees or balance requirements. Perfect for those who want liquidity and returns.
7. SoFi Savings Account
SoFi blends checking and savings into one interface. You get a strong APY and can earn cashback with certain spending features.
It’s optimized for mobile use and offers automated saving options. Great for tech-savvy savers. into one interface.
You get a strong APY and can earn cashback with certain spending features. It’s optimized for mobile use and offers automated saving options. Great for tech-savvy savers.
8. CITI Bank Savings Connect
CITI Bank rewards larger balances with tiered APYs. It requires a low opening deposit and has no monthly fees. Ideal for users looking to scale their savings over time.
The bank also supports mobile check deposits. balances with tiered APYs. It requires a low opening deposit and has no monthly fees.
Ideal for users looking to scale their savings over time. The bank also supports mobile check deposits.
9. Barclays Online Savings
Barclays Online Savings offers a simple, high-APY savings option. There are no fees and no minimum balance. It doesn’t come with checking features, so it’s strictly for saving.
Good for people who want to separate their savings from spending. simple, high-APY savings option. There are no fees and no minimum balance.
It doesn’t come with checking features, so it’s strictly for saving. Good for people who want to separate their savings from spending.
10. Varo Bank
Varo Bank is a mobile-first bank with a strong APY and zero fees. It offers early direct deposit and budgeting tools, making it a good fit for users who live entirely online.
The app is modern and intuitive. It offers a strong APY and zero fees. You also get early direct deposit and budgeting tools built in. This bank is a good fit for users who live entirely online.
Key Factors to Compare Before Opening a Savings Account
It’s not just about the APY. Comparing other elements helps you avoid bad choices and find long-term value.
APY Vs. Inflation
Your interest should beat inflation to preserve the value of your money. A 4.00% APY is better than a 2.00% rate when inflation is high.
Always check if the advertised APY is variable. Rates that drop quickly may not offer lasting value.
Fees and Balance Requirements
Even a good APY is useless if you lose money to fees. Find banks with no monthly fees and low (or no) minimum balance rules.
Also, look at fees for inactivity, excessive withdrawals, or account closures. These hidden charges can reduce your gains.
FDIC or NCUA Insurance
Make sure your bank is FDIC- or NCUA-insured, depending on whether it’s a bank or credit union. This protects your money up to $250,000.
Without insurance, you risk losing your funds during a bank failure. Never skip this step.
Pros and Cons of Online-Only Banks
Online banks often lead in rates and simplicity, but they’re not for everyone. Here’s what to keep in mind before choosing one.
Pros
- Higher interest rates than brick-and-mortar banks
- No physical branches means lower overhead and fewer fees
- Access your money anytime, anywhere via apps and websites
- Easy to set up and manage from your phone
Cons
- No in-person support or cash deposits
- Delays in customer service during high-volume periods
- Some features (like cashier’s checks) may not be available
- Requires reliable internet and device access
Closing Remarks: Smart Saving Starts Here
You don’t need to settle for low returns or hidden fees anymore. The top 10 banks listed above offer real value with high interest and no unnecessary charges.
Use the guide to compare options based on your goals. Choose the one that fits your saving style and start growing your money today.
