In 2025, saving money is about more than just stashing it away—it’s about making your money work for you. That’s where high-yield savings accounts come in. With interest rates finally climbing after years of being low, many online banks and credit unions are offering savings accounts with APYs (Annual Percentage Yields) of 4% or more—and the best part? Many of them have no monthly fees or minimum balance requirements.
Here’s a breakdown of the best high-yield savings accounts with no fees in 2025, so you can earn more interest without giving any of it back in charges.
- SoFi High-Yield Savings
APY: Up to 4.50%
Fees: $0 monthly fees
Minimum Balance: None
SoFi continues to be a leader in the digital banking space. Their savings account offers a highly competitive interest rate, especially if you set up direct deposit. You’ll also get access to early paycheck options and automatic savings tools, making it great for both new savers and experienced budgeters.
- Ally Bank Online Savings
APY: 4.25%
Fees: No maintenance fees
Minimum Balance: $0
Ally is known for transparency and user-friendly digital banking. Their savings account includes features like “buckets” for organizing your goals, along with round-up savings if you pair it with their checking account. The solid APY and no hidden fees make it a favorite for long-term savers.
- Discover Online Savings Account
APY: 4.30%
Fees: $0 monthly fees and no overdraft fees
Minimum Balance: None
Discover brings strong APY with excellent customer service. Their no-fee policy includes everything from monthly charges to insufficient funds fees, making it a stress-free choice for anyone who wants a traditional bank’s security with online convenience.
- Marcus by Goldman Sachs
APY: 4.40%
Fees: No monthly fees
Minimum Balance: None
Marcus offers one of the highest APYs on this list. Backed by Goldman Sachs, it’s a strong contender for those looking for a simple, no-frills savings account that maximizes interest. It also integrates well with their CDs and investment products.
- Capital One 360 Performance Savings
APY: 4.35%
Fees: No monthly maintenance fees
Minimum Balance: $0
Capital One’s 360 Performance Savings offers a highly competitive rate with the benefit of being connected to a full-service bank. Their mobile app is smooth, and you can easily transfer between checking and savings if you bank with them fully.
What to Look For in a High-Yield Savings Account
No Monthly Fees: Fees can eat into your earnings. Avoid them at all costs.
Competitive APY: Look for anything above 4% in 2025.
FDIC or NCUA Insurance: This protects your money up to $250,000.
Good Digital Experience: Make sure their app and website are easy to use.
Final Thoughts
A high-yield savings account isn’t just a safe place to park your cash—it’s a tool to help it grow. In 2025, there’s no reason to settle for 0.01% interest or to pay monthly fees. Choose an account that offers a great rate, no fees, and the features you need to stay on track with your financial goals.