Best Savings Rates for May 2025

Our Top Choice: EverBank

One of the best interest rate on the market today is hard to beat. Every tenth counts when it comes to interest, so this is a top pick for that market-leading APY.

A Close Second: Jenius Bank

Right behind on pure interest rate, but one of the long-time players in the HYSA space. Jenius is known for holding their rates high, so lock yourself into a strong APY.

A Name You Know: Capital One

This is a big name in the banking world. They’ve got Charles Barkley, plus a pretty strong interest rate. A great choice to get in with a great brand.

SoFi High-Yield Savings Account

Interest Rate: 3.8% APY

Introductory Bonus: Up to $300

Effective First-Year Interest Rate: 6.15% (with bonus)

SoFi’s savings account may not have the highest base interest rate, but the $300 sign-up bonus makes it an excellent choice for those who can meet the deposit requirements. To qualify, you need to direct deposit $5,000 or more in the first month. SoFi also provides FDIC insurance and a checking account with interest earnings, adding extra value.

Verdict: This is the best option to maximize your savings in the next year because of the $300 sign-up bonus. Effective interest rate is the key.

Public.com Bond Account

Interest Rate: 4.10% APY (savings account)

Alternative Option: 6.6% APY (bond account)

Public offers a unique combination of traditional savings and high-yield bond investments. Their bond account yields an average of 6.6%, making it a great option for those comfortable with locking funds in a less liquid asset. However, unlike savings accounts, bonds lack FDIC insurance and require a maturity period.

Verdict: Bond investing is a different approach to growing your savings, but is a very safe asset class that offers you a level of returns that no savings account will.

Top Interest Rates on the Market Today

Our Top Choice: EverBank

A Close Second: Jenius Bank

A Name You Know: Capital One

SoFi High-Yield Savings Account

Public.com Bond Account