The Best High-Yield Savings Accounts Offering 5% APY in June 2025

If you want your savings to grow faster, high-yield savings accounts are a game-changer. As of June 2025, the top accounts offer an impressive 5% Annual Percentage Yield (APY), according to a recent Fortune.com report. Personal finance expert Glen Luke Flanagan, known for his work at USA TODAY Blueprint, Forbes Advisor, and LendingTree, analyzes the best options to help you maximize your money.

Why High-Yield Savings Accounts Matter

Inflation and rising costs make it essential to earn more from your savings. Traditional savings accounts often pay minimal interest, but high-yield accounts can deliver up to 5% APY. This means your money grows passively just by sitting in the right account.

Key Features to Consider

Fortune’s article outlines critical factors when choosing a high-yield savings account:

Competitive APY: The best accounts currently offer 5%, though rates may change.
Low or No Fees: Avoid accounts with monthly maintenance fees or excessive penalties.
Easy Access: Ensure withdrawals are straightforward without restrictive limits.
FDIC Insurance: Always pick an insured bank to protect your funds.

While the full list of recommended accounts wasn’t detailed in the summary, Fortune likely highlights reputable online banks, credit unions, and fintech firms known for high returns.

Expert Perspective from Glen Luke Flanagan

Flanagan, a specialist in housing, mortgages, and credit, provides valuable insights into why these rates are attractive now. His analysis may cover Federal Reserve policies, economic shifts, or increased competition among banks. Readers can rely on his expertise to identify the best accounts for their needs.

Steps to Boost Your Savings

Ready to switch? Follow these steps:

Compare Rates: Review Fortune’s full list or trusted financial websites.
Read the Fine Print: Watch for hidden fees or minimum balance requirements.
Start Small: Many high-yield accounts don’t require large initial deposits.

With savings rates reaching 5% APY, there’s no better time to rethink where you keep your cash. Whether you’re saving for emergencies, a major purchase, or simply want your money to grow effortlessly, a high-yield account is a smart choice. For more tips on banking and financial growth, stay updated with Fortune’s personal finance section.

To explore the top savings accounts, check out the original article on Fortune.com and start earning more today.