High-Yield Savings Accounts Paying $\text{5.00\%}$ $\text{APY}$
As of late $\text{2025}$, high-yield savings accounts ($\text{HYSAs}$) continue to offer attractive returns, far surpassing the national average for traditional savings accounts. While the Federal Reserve has recently made some rate adjustments, top online banks are still offering rates up to $\mathbf{5.00\%}$ $\text{APY}$.
It is crucial to note that the highest advertised rates often come with **stipulations** such as minimum direct deposits or balance caps. Before opening any account, always confirm the specific requirements and check that the institution is $\text{FDIC}$ or $\text{NCUA}$ insured.
Top Available Annual Percentage Yield ($\text{APY}$) as of November $\text{2025}$:
Up to $\mathbf{5.00\%}$Top Accounts Offering $\text{5.00\%}$ $\text{APY}$ (or Near)
Here are the financial institutions offering the highest savings yields available nationwide, with details on the conditions required to earn that top rate:
| Institution | $\text{APY}$ | Balance Limit for Max $\text{APY}$ | Key Requirement to Qualify |
|---|---|---|---|
| **Varo Bank** | $\text{5.00\%}$ | Up to $\mathbf{\$5,000}$ | Must receive $\mathbf{\$1,000}$ in direct deposits monthly, and maintain a positive balance. (Balances over $\text{\$5k}$ earn $\text{2.50\%}$). |
| **AdelFi** | $\text{5.00\%}$ | Up to $\mathbf{\$5,000}$ | Credit union membership required. Rate applies to new members only. (Balances over $\text{\$5k}$ earn a lower rate). |
| **Fitness Bank** | $\text{4.75\%}$ | No stated cap (other terms apply) | Requires linking to a checking account with $\mathbf{\$5,000}$ average daily balance and daily step count requirement. |
| **Pibank** | $\text{4.60\%}$ | No limit stated | Mobile banking only. Deposits limited to wire transfers or Plaid; no incoming/outgoing $\text{ACH}$ or direct deposits. |
| **Axos Bank** ($\text{Axos ONE}$®) | $\text{4.51\%}$ | No limit stated | Must receive $\mathbf{\$1,500}$ in total monthly qualifying direct deposits and maintain an average daily balance of more than $\text{\$1,500}$ in checking. |
Important Considerations Before Opening an $\text{HYSA}$
Always look past the headline $\text{APY}$ to understand the true value of the account for your specific needs:
1. Balance Caps and Tiered Rates
As seen with the $\text{5.00\%}$ offers from Varo and AdelFi, the highest rate is often capped at a relatively low balance (e.g., $\mathbf{\$5,000}$). If you are saving $\mathbf{\$25,000}$ for a down payment, an account with a slightly lower $\text{APY}$ but no cap (like $\text{Pibank}$ or many standard $\text{4.15\%}$ accounts) may yield more overall interest.
2. Qualification Requirements
If an account requires a minimum number of debit card transactions, daily step counts, or high monthly direct deposits, you must be confident you can meet these requirements **every month**. Failing to meet them will drop your rate significantly, often to a fraction of the advertised $\text{APY}$.
3. Rate Volatility (Variable Rate)
Nearly all $\text{HYSAs}$ offer a **variable $\text{APY}$**, meaning the rate can change at any time without notice, particularly as the Federal Reserve changes its benchmark rate. Do not view the current rate as guaranteed long-term.
4. Liquidity Needs
For money you need access to quickly (like your emergency fund), $\text{HYSAs}$ are ideal. If you have cash you won't need for one year or more, consider a Certificate of Deposit ($\text{CD}$) to **lock in** a fixed rate. As of November $\text{2025}$, the best nationwide $\text{1}$-year $\text{CDs}$ are paying around $\mathbf{4.30\%}$ $\text{APY}$.
Maximizing your savings requires diligence. Compare the total interest earned on your specific balance across different accounts, ensuring you choose an option where the conditions are easy for you to meet consistently.
Download our free $\text{Tiered}$ $\text{APY}$ $\text{Savings}$ $\text{Calculator}$ to find the best account for your balance.
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