High-Interest Accounts With Up to 7% APY

Looking for sky-high savings rates? There are a few bank accounts that really do offer up to 7% annual percentage yield (APY), but to get those tasty rates, you usually need to jump through some hoops. We located some of the highest-yielding bank accounts available, break down which accounts are legit, what you’ll need to qualify for the high rates and how they stack up against more accessible options.

12 accounts with nearly 7% interest

We’ve done the work of comparing hundreds of savings accounts so you can find the right one. Compare savings accounts by monthly fees, requirements and rates. And of course, deposits are insured with all of these accounts.

Important: Some of these accounts are checking or prepaid accounts with limited balances to qualify for the high APY. Traditional savings accounts offering 7% APY are extremely rare.

• Revolut terms and conditions

  Revolut is not a bank. Fees may apply. Banking services are provided by Lead Bank, Member FDIC. The Revolut USA Prepaid Visa and Prepaid Mastercard are issued by Lead Bank pursuant to licensing by Visa® U.S.A. Inc. and Mastercard International for Mastercard cards. Your funds are FDIC insured up to $250,000 through Lead Bank, Member FDIC, in the event Lead Bank fails. See revolut.com/en-US/ for more details.
  
  The Annual Percentage Yield (APY) is a variable rate and may change at any time. APYs are accurate as of 29 September 2025. APYs vary by plan and account type. The rates are as follows:
  Standard Plan: 4.00% APY for balances in a High Yield Account; 3.25% APY for balances in other Savings Accounts.
  Premium Plan: 4.50% APY for balances in a High Yield Account; 3.35% APY for balances in other Savings Accounts.
  Metal Plan: 5.50% APY for balances in a High Yield Account; 3.75% APY for balances in other Savings Accounts.
  Plan fees and cancellation fees apply for Premium and Metal plans. T&Cs apply. No min balance to open; $0.01 min. to earn APY. Only 1 High Yield Account is permitted and is limited to $10,000 USD in user initiated deposits. The max combined balance of all Savings Accounts is $250,000 per user. Savings Account services provided by Cross River Bank, Member FDIC, insured up to $250,000.

• SoFi® terms and conditions

  New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
  
  SoFi members with Eligible Direct Deposit can earn 3.60% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.60% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
  
  Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 11/12/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet
  
  We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Bank Fee Sheet for details at sofi.com/legal/banking-fees/.
  
  SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
  
  We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees may be incurred when using out-of-network ATMs. SoFi’s ATM policies are subject to change at our discretion at any time.
  
  Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.
  
  Overdraft Coverage is a feature automatically offered to SoFi Checking and Savings account holders who receive at least $1,000 or more in Eligible Direct Deposits within a rolling 31 calendar day period on a recurring basis. Eligible Direct Deposit is defined on the SoFi Bank Rate Sheet, available at https://www.sofi.com/legal/banking-rate-sheet. Members enrolled in Overdraft Coverage may be covered for up to $50 in negative balances on SoFi Bank debit card purchases only. Overdraft Coverage does not apply to P2P transfers, bill payments, checks, or other non-debit card transactions. Members with a prior history of unpaid negative balances are not eligible for Overdraft Coverage. Eligibility for Overdraft Coverage is determined by SoFi Bank in its sole discretion. Members can check their enrollment status, if eligible, at any time by logging into their account through the SoFi app or on the SoFi website.
  
  Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Enroll in SoFi Plus between 9/18/25 and 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/sofi-plus SoFi Bank, N.A. Member FDIC.

How these high-yield accounts compare to the national average

According to the FDIC, the average savings account APY is just 0.40% as of June 2025. Even many “high-yield” online savings accounts offer around 4% to 5% as a maximum rate.

So while 7% is possible, it’s often:

• Limited to small balances (e.g. first $1,000)
• Requires you to jump through hoops (spending, logging in, direct deposits)
• Offered by checking or hybrid accounts, not traditional savings

How to choose the right high-yield savings account

Ask yourself these questions while you’re comparing high-yield accounts:

How much are you saving?
Many accounts with APYs around 7% APY cap how much of your balance can earn that rate. This means that promotion rates or accounts with tiered interest rates are better suited for short-term savings goals. If you have more than a few thousand dollars to store away for safekeeping, you might be better off with an account with a slightly lower interest rate that earns interest on your entire balance.

Can you meet the requirements?
The high rates usually come with strings attached — like using your debit card a certain number of times each month, setting up direct deposit, logging into the app regularly or signing up for e-statements. If that’s stuff you already do, great, but if not, missing those requirements could mean losing the rate altogether.

Are you comfortable with online banking?
Many of the highest-paying accounts are offered by online banks or fintechs, since they don’t have to pay to manage physical locations. If you’re okay managing everything from your phone or computer, you’ll have more high-yield options. But if you want in-person service, or frequently make cash deposits, your savings APY may be lower in exchange for that convenience.

High-yield savings alternatives

Compare these other top accounts and guides to find the right account for your situation:

• Best high-yield savings accounts with some of the highest rates in the market with no monthly fees and simple requirements.
• Best interest-bearing checking accounts offer spending abilities while earning interest on your balance at the same time.
• Best free checking accounts have no monthly fees or opening deposit requirements with valuable perks.

Bottom line

Account with 7% APYs exist, but they’re not common or available to everyone. Most have small balance caps, require you to jump through hoops, are online only or the highest rates are temporary. See more savings account options and best guides.

To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.

Written by

Bethany Hickey

Banking editor

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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