Best Savings Accounts for 2025.
Opening a savings account allows savers to secure their funds in a safe place, capitalize on current interest rates and maintain liquidity for emergencies. Is it bad to keep more than $250000 in one bank? If your bank account balance exceeds $250,000, there is a possibility of losing a portion of your funds in the rare occurrence of a bank failure. Consequently, it is advisable to distribute your deposits among various banks or accounts to remain within the insured limit. The Federal Deposit Insurance Corporation (FDIC) insures up to $250,000 per depositor, per ownership category, per bank.
In this roundup, we found high-yield savings accounts from big-name banks with above-average rates, FDIC insurance, zero monthly maintenance fees and no minimum balance requirements. Here are the Finance Monthly recommended savings banks.
Best high-yield savings accounts from big banks in 2025
- Best for customer service: American Express® High Yield Savings Account
- Best for checking/savings combo: Discover® Online Savings Account
- Best for mobile access: Sallie Mae High-Yield Savings Account
- Best for physical branch access: Capital One 360 Performance Savings
- Best for help saving: Barclays Online Savings
