The Best High-Yield Savings Accounts Right Now (June 2025)
Author
James Roth
Date Published
Why High-Yield Savings Accounts Still Matter in 2025
With the Federal Reserve maintaining benchmark rates at elevated levels through mid-2025, high-yield savings accounts (HYSAs) continue to offer a safe and effective way to preserve capital while earning meaningful interest. While rates have cooled slightly from their early 2024 highs, top online banks are still offering annual percentage yields (APYs) above 5.00%—a far cry from the sub-1% accounts at traditional brick-and-mortar banks.
As a former financial advisor, I can tell you: HYSAs remain one of the most overlooked tools for short-term savers, emergency funds, and parking cash between investment moves. Below, I’ve analyzed the top-performing accounts based on interest rates, fees, access, and overall usability—updated for June 2025.
Top High-Yield Savings Accounts as of June 2025
Rates and terms current as of June 28, 2025.
1. UFB Direct High Yield Savings
APY: 5.25%
Minimum Balance: $0
Monthly Fees: $0
Why It’s Best: Still leading the pack in terms of raw APY, UFB Direct requires no minimum and offers easy online access. It’s ideal for maximizing yield without complexity.
Drawback: No checking account integration—this is a pure savings play.
2. CIT Bank Platinum Savings
APY: Up to 5.10% (on balances over $5,000)
Minimum to Earn Highest Rate: $5,000
Monthly Fees: $0
Why It’s Great: For savers with $5,000+, this account offers a strong yield with a user-friendly mobile experience.
Drawback: Drop in APY if balance falls below $5,000.
3. LendingClub High-Yield Savings
APY: 5.00%
Minimum Balance: $100
Monthly Fees: $0
Why It’s Noteworthy: LendingClub offers a solid rate and is one of the few fintechs that provides personal banking with FDIC insurance and excellent customer service.
Drawback: No ATM access directly from the savings account.
4. Synchrony High Yield Savings
APY: 4.85%
Minimum Balance: $0
Monthly Fees: $0
Why It Stands Out: One of the few online banks to offer an optional ATM card for savings access—useful if you want liquidity with yield.
Drawback: Rate has slipped slightly compared to competitors.
5. Ally Bank Online Savings
APY: 4.70%
Minimum Balance: $0
Monthly Fees: $0
Why People Love It: Ally's buckets and savings tools make this a great choice for goal-oriented savers. While not the top in rate, it shines in features and customer support.
Drawback: Not the highest APY if yield is your only priority.
What to Consider When Choosing a HYSA in 2025
Interest Rate Volatility: Online banks can—and do—adjust rates frequently. Look for institutions with a track record of staying competitive.
FDIC Insurance: Ensure your account is covered up to $250,000 per depositor, per bank.
Liquidity Needs: If you need quick access, check if the account offers transfers to checking or has an ATM card.
Account Integration: Some HYSAs work seamlessly with checking accounts or investment tools. If you plan to move money frequently, integration matters.
Who Should Open a HYSA Right Now?
Emergency fund builders
Short-term savers (vacations, home repairs, etc.)
Investors awaiting deployment opportunities
Anyone earning under 1% APY at a traditional bank
Bottom Line
In June 2025, HYSAs are still one of the smartest low-risk strategies for protecting your cash against inflation. While yields have edged down from their 2024 highs, accounts paying 4.70–5.25% remain a no-brainer compared to national bank averages under 0.50%. Whether you prioritize maximum APY or prefer more full-featured tools like Ally’s savings buckets, the key is simple: don’t let your money sit idle.
If your current savings account isn’t earning at least 4.50%, it’s time to upgrade.