The best 35 high yield interest bank accounts I found in February 2025!
The better bank interest yields are mainly in the range of 4.25%-4.5% reflecting the Fed Funds Rate range.
When I last did a video about the highest yielding interest accounts in February 2024, rates were higher, but now they’ve come down by about 0.75%.
I’ve found high yield accounts that range from as low as 4% to as high as 4.75% in annual percentage yield (APY). But beware of some interest rates that seem too good to be true, make sure you understand the fine print with any offering.
None of this content is sponsored nor is it advice, what I’m sharing is just for educational purposes from the research I’ve gathered from various sites like Best Cash Cow, and in the past Deposit Accounts, Raisin, and more.
What I like to look for in any high yield bank account is the least amount of fees and strings attached. Ideally I like to make sure there’s no minimums to open or maintain the account, no monthly fees, no overdraft fees, and free ATM access. I also prefer for there to be no cap on how much interest I can earn on my account balances.
With the advent of online banking and mobile banking, there’s a lot less of a need to have brick and mortar banks. But there’s always some fine print you’re going to want to pay close attention to with any bank account offering.
Another important thing you should definitely confirm with any bank or credit union you open an account with, is to make sure it’s FDIC-insured or covered by the US Government’s Federal Deposit Insurance Corporation.
This means your money is secure up to $250,000 and this helps to avoid bank runs like what we saw with the Silicon Valley Bank run in March 2023 or during the Great Depression of the 1930s.
In a way that combines exercise and banking, Fitness Bank offers 4.55%. Bask Bank offers a way to earn 4.35% interest as cash or as airline miles. Other banks like BMO Alto offer 4.1% for a CD or 4% for a savings account.
I would say the most competitive bank interest rate being offered is at least 4.35% as of February 2025 with a reputable high yield bank.
If you may want a slightly higher rate, you might be interested in Certificates of Deposit (CDs) or even US treasury bonds.
While rates are not as high as they used to be, I’m still enjoying my current savings rates for as long as they last.
Happy saving until then! 🙂
If you’re interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide.
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