The 3 Best High-Yield Savings Accounts for 2025 (5% APY Guaranteed)

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Did you know that traditional banks in the U.S. offer an average annual percentage yield (APY) of just 0.45%?

That means if you keep $10,000 in a typical savings account, you’ll earn a mere $45 in interest over a year. Meanwhile, some online banks are offering over 5% APY, allowing you to earn more than 10 times that amount with the same deposit.

high-yield savings account growth comparison


With rising interest rates and increasing competition among financial institutions, 2025 is shaping up to be an excellent year for savers. If you’re tired of your hard-earned money sitting idle in a low-APY savings account, it's time to make a switch. In this guide, we’ll explore the top three high-yield savings accounts that offer at least 5% APY, are FDIC-insured, and come with minimal fees.

Why High-Yield Savings Accounts Matter

Inflation and Its Impact on Savings

Inflation erodes your purchasing power over time. In 2024, the average inflation rate hovered around 3.5%, meaning that if your savings account isn’t earning at least that much in interest, you're effectively losing money.

Traditional Banks vs. High-Yield Banks

Let’s compare how a traditional savings account stacks up against a high-yield savings account:

Bank Type

Average APY

Interest Earned on $10,000 (1 Year)

Traditional Bank

0.45%            

$45        

High-Yield Savings Account

5.00%

$500

High-yield savings accounts offer significant advantages, including higher returns, no-risk savings (thanks to FDIC insurance), and easy access to your funds.

The 3 Best High-Yield Savings Accounts for 2025

1. Pibank High-Yield Savings Account

  • APY: 5.00%

  • Minimum Opening Deposit: Any amount

  • Monthly Fees: None

  • Features:

    • No minimum balance requirement

    • No ATM card available

    • No mobile check deposit

Pibank is an online-based savings product operated by Intercredit Bank. This account is ideal for those looking for a no-frills, high-interest savings option.

How to Apply:

  1. Visit Pibank’s official website.

  2. Click on "Open an Account."

  3. Fill out the online form with your details.

  4. Fund your account through an electronic transfer.

2. Zynlo Bank Money Market Account

  • APY: 5.00%

  • Minimum Opening Deposit: $10

  • Monthly Fees: None

  • Features:

    • No minimum balance requirement

    • ATM card available with an associated checking account

    • Mobile check deposit available

Zynlo Bank is an online-only affiliate of PeoplesBank, established in 1885. This account provides great flexibility and convenience with mobile check deposits and ATM access.

How to Apply:

  1. Go to Zynlo Bank’s official website.

  2. Click on “Apply Now.”

  3. Provide your personal and financial information.

  4. Fund your account with a minimum deposit of $10.

3. Fitness Bank High-Yield Savings Account

  • APY: Up to 4.90%

  • Minimum Opening Deposit: $100

  • Monthly Fees: None with a $100 balance

  • Features:

    • Requires a daily step count of 12,500 to earn the highest APY

    • No ATM card available

    • No mobile check deposit

Fitness Bank is a unique savings account that links your APY to your physical activity. If you maintain an average daily step count of 12,500, you qualify for the highest interest rate.

How to Apply:

  1. Download the Fitness Bank app.

  2. Create an account and sync your step tracker.

  3. Make an initial deposit of at least $100.

How to Choose the Right High-Yield Savings Account

Consider these factors:

  • APY: Higher APY equals more interest earnings.

  • Fees: Look for accounts with no maintenance fees.

  • Withdrawal Limits: Some accounts limit monthly withdrawals.

  • Ease of Use: Mobile banking features, customer support, and ATM access matter.


Common Mistakes to Avoid

  1. Ignoring Fees & Withdrawal Limits: Some banks impose hidden charges.

  2. Falling for “Teaser” APYs: Some promotional rates drop after a few months.

  3. Not Reading the Fine Print: Understand balance requirements and interest compounding methods.

Step-by-Step Guide to Opening a High-Yield Savings Account

  1. Research different banks

  2. Gather required documents (ID, SSN, etc.)

  3. Complete the online application

  4. Fund your account

  5. Set up automatic deposits

Conclusion

Your money should work for you. Traditional banks offer dismal returns, while high-yield savings accounts provide a risk-free way to grow your savings. Every day you delay, you’re missing out on potential interest earnings. Take control of your financial future and make the smart move today.

Don’t let your savings sit idle—make the switch now and start earning up to 5% APY!

👉 Compare & Apply for a High-Yield Savings Account Now!

👉 👉 10 Spring Cleaning Hacks to Cut $500/Month from Your Budget

FAQ Section

1. What is the best high-yield savings account in 2025?

Currently, Pibank and Zynlo Bank offer the highest rates at 5% APY.

2. Are high-APY savings accounts safe?

Yes, as long as they are FDIC-insured, deposits up to $250,000 are protected.

3. Can I lose money in a high-yield savings account?

No, these accounts are risk-free and federally insured.

4. How often do banks change APY rates?

APY rates fluctuate based on the Federal Reserve’s policies and market conditions.

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