Best High-Yield Savings Accounts
By: Corgi
Published: 8/18/2025
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TLDR; High-yield savings accounts (HYSAs) help your money grow. The best account isn't just about the highest rate, but also convenience and personal fit, like the author's choice of Capital One.
High-yield savings accounts (HYSAs) are one of the easiest ways to grow your money without locking it up. Right now, a lot of banks are offering strong rates, and if you have a lot of money lying around in your checking account like I did, it might be time to move some money over to a savings account so it can grow.
That said, picking a savings account isn’t just about squeezing out the highest APY. It’s also about whether the bank actually fits into your life. Personally, I keep my savings in a Capital One 360 Performance Savings account, and it’s been the most convenient option for me.
Why I Use Capital One 360 Performance Savings
I already had a Capital One account since I already had the Capital One Savor Student Cash Rewards Credit Card. Opening a savings account with them was really easy, and I was able to set up my savings account within minutes.
The app makes it simple to move money around, as I can easily transfer money between my savings account and my checking account that I have with Chase.
As of today, the APY of the Capital One 360 Performance Savings is 3.50%, which is a pretty typical rate for HYSAs. There are definitely other options out there for banks that offer higher APY rates for their HYSAs.
The APY is solid, and while there are accounts out there offering slightly higher rates, the difference hasn’t been enough to make me want to switch. For me, the convenience outweighs the tiny bit of extra interest I might earn somewhere else.
In short:
- Opening the account was quick since I was already a customer.
- The app is clean and easy to use.
- The rate is competitive enough that I don’t feel like I’m missing out.
- I already trust Capital One, which gives me peace of mind.
Other HYSA Options Worth Checking Out
If you don’t already bank with Capital One, there are alternative banks out there that are offering competitive APY rates, some higher than Capital One’s.
- Varo Money: 5.00% APY daily
- SoFi: 4.50% APY monthly
- Openbank by Santander: 4.20% APY monthly
- Barclays: 3.90-4.10% APY daily
- Marcus by Goldman Sachs: 3.65% APY daily
When it comes to choosing a bank, it all comes down to what’s best for you. For example, the Openbank HYSA requires a minimum balance of $500 for the APY, while Capital One has no minimum balance.
Additionally, some banks come with restrictions. For example, some banks are fully digital, meaning that you’ll have no access to dedicated in-person services such as a bank teller, a dedicated ATM from your bank, etc.
I chose Capital One since they have in-person branches nearby where I live, meaning that I can easily go to the bank in person and talk with someone one-on-one about any questions I have regarding my finances, which is important to me.
Final Remarks
If you want to maximize your interest, it’s worth comparing rates often. But for me, banking is also about keeping things simple. Since I already had Capital One, sticking with the 360 Performance Savings just made sense. It’s easy to use, the rate is strong enough, and I don’t have to juggle another app or bank login.
At the end of the day, the “best” savings account is the one you’ll actually stick with. Whether that’s Capital One like me, or one of the many other banks out there offering HYSAs, the important part is just getting started so your money can grow.