Best High-Yield Savings Accounts of October 2025 (Up to 5.25% APY)
Last Updated: October 28, 2025
We manually verify all rates weekly. Data is accurate as of today.
If you’re searching for the best high-yield savings accounts, you’ve come to the right place. In October 2025, you can earn up to 5.25% APY — risk-free, FDIC-insured, and with no monthly fees.
Moreover, these aren’t “too good to be true” offers — they’re real, live, and available to anyone with a U.S. bank account.
We’ve tested and compared 20+ online banks to bring you the most accurate, up-to-date list of the best high-yield savings accounts available right now.
Alt text: best high-yield savings accounts
Best High-Yield Savings Accounts: Top 7 Compared (October 2025)
| Bank | APY | Min. Deposit | Fees | Best For |
|---|---|---|---|---|
| UFB Direct | 5.25% | $0.00 | None | Highest yield, no fees |
| Milli Bank | 5.20% | $1.00 | None | New users, mobile banking |
| Bask Bank | 5.10% | $1.00 | None | Travelers (earn airline miles) |
| CIT Bank | 5.05% | $100.00 | None | Established, reliable |
| Popular Direct | 5.00% | $100.00 | None | Larger deposits ($10k+) |
| Sallie Mae Bank | 4.75% | $1.00 | None | Students & young savers |
| Ally Bank | 4.25% | $0.00 | None | Trusted brand, great UX |
All accounts listed are FDIC-insured up to $250,000.
1. UFB Direct – Highest APY (5.25%)
- APY: 5.25%
- Min. Deposit: $0
- Monthly Fees: None
- FDIC Insured: Yes (via Axos Bank, #33124)
- Why it leads: UFB Direct offers the highest rate in the U.S. with zero fees. Moreover, it’s FDIC-insured through Axos Bank, a trusted online bank.
2. Milli Bank – Best for New Users (5.20%)
- APY: 5.20%
- Min. Deposit: $1
- Monthly Fees: None
- FDIC Insured: Yes (via Evolve Bank & Trust)
- Why it stands out: This new fintech is trending for its sleek app and instant setup. Consequently, it’s perfect for digital-native savers.
3. Bask Bank – Best for Travelers (5.10%)
- APY: 5.10%
- Min. Deposit: $1
- Monthly Fees: None
- FDIC Insured: Yes (via MetaBank)
- Unique feature: Earn American Airlines miles instead of cash interest.
4. CIT Bank – Best Established Option (5.05%)
- APY: 5.05%
- Min. Deposit: $100
- Monthly Fees: None
- FDIC Insured: Yes
- Why We Love It: Over 100 years in business. Reliable, transparent, and consistently high rates.
5. Popular Direct – Best for Large Balances (5.00% APY)
- APY: 5.00%
- Min. Deposit: $100
- Monthly Fees: None
- FDIC Insured: Yes
- Why We Love It: Offers bonus APY tiers for balances over $10,000.
6. Sallie Mae Bank – Best for Students (4.75% APY)
- APY: 4.75%
- Min. Deposit: $1
- Monthly Fees: None
- FDIC Insured: Yes
- Why We Love It: No minimums, great for young adults, and easy integration with student accounts.
7. Ally Bank – Best User Experience (4.25% APY)
- APY: 4.25%
- Min. Deposit: $0
- Monthly Fees: None
- FDIC Insured: Yes
- Why We Love It: Award-winning app, 24/7 customer service, and a trusted name in online banking. (Note: Rate dropped from 4.35% on Oct 25)
How to Choose the Best High-Yield Savings Accounts
When evaluating the best high-yield savings accounts, consider these factors:
- APY: Higher is better, but verify it’s sustainable
- Fees: Avoid accounts with monthly maintenance fees
- FDIC Insurance: Non-negotiable for safety
- User Experience: Mobile app quality matters
For more guidance, see our step-by-step how to earn 5%+ on savings guide.
Why These Rates Are Real (And Not a Scam)
Some readers may wonder: “Is this too good to be true?” The answer is no — here’s why:
- High Federal Reserve Rates: The Fed held rates at 5.25–5.50% in 2025, allowing banks to offer higher yields.
- Competition: Banks compete for deposits — especially when loan demand slows.
- FDIC Insurance: All banks listed are FDIC-insured, meaning your money is protected.
💡 Pro Tip: Always verify rates on official bank websites — never trust third-party aggregators.
FAQ: Best High-Yield Savings Accounts
❓ Are high-yield savings accounts safe?
Yes! All banks listed are FDIC-insured up to $250,000 per depositor.
❓ Can the APY drop?
Yes — rates change with the Federal Reserve. We update this list weekly to reflect current offers.
❓ Do I pay taxes on the interest?
Yes. If you earn more than $10 in interest, you’ll receive a 1099-INT form for tax filing.
❓ Can I have multiple savings accounts?
Absolutely! Many savers use one for emergency funds, one for travel, etc.
Final Thoughts
The best high-yield savings accounts of 2025 offer unprecedented returns without risk. Whether you choose UFB Direct for max yield or Ally for reliability, you’ll earn far more than traditional banks.
💡 Pro Tip: Rates change fast. Bookmark this page — we update it every Sunday.
Disclaimer: Yieldoom.com is not a financial advisor. Rates are subject to change. Verify details on official bank websites. We may earn commissions from affiliate links, but this never affects our reviews.
