High-yield sings accounts give you a chance to reach your sings goal quickly. How? By offering you rates that outpace inflation with no account fees or minimums.
However, you want to act fast to maximize gains. The Federal Reserve has cut interest rates twice this year and might do so again when it meets in December.
While rate cuts can lower how much you earn, rates are still high enough to help you outpace inflation. Here's a look at the best top high-yield sings accounts to consider, how much you can earn and the pros and cons of using one.
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Sign up The best high-yield sings accounts for November 2025Here are some of the best options we found:
Swipe to scroll horizontallyTop-earning high-yield sings accountsAccount
APY
Min. opening deposit
Newtek Bank
4.35%
$0
Poppy Bank
4.25%
$1,000
Ivy Bank
4.25%
$2,500
Jenius Bank
4.20%
$0
Bread Sings
4.20%
$100
My Banking Direct
4.11%
$500
BrioDirect
4.00%
$5,000
How much can high-yield sings accounts earn you?Unlike traditional sings accounts, which offer, on erage, lower returns, high-yield options allow you to grow your money fast.
If you select our top choice, Newtek Bank, here's how much you can earn in one year with varying deposits:
$10,000: $443.78 in earned interest$25,000: $1,109.65 in earned interest$50,000: $2,218.89 in earned interest$100,000: $4,437.78 in earned interestRates on high-yield sings accounts are always changing, so a good way to check the most up-to-date rates is by using our sings tool, below, powered by Bankrate:
Pros and cons of high-yield sings accountsAs with all sings products, there are pros and cons associated with high-yield sings accounts. It's important to compare all aspects of an account to make sure it meets your needs before opening it.
Pros:
Higher APYs: Since high-yield sings accounts he higher APYs than traditional sings accounts, you’ll accrue more interest over time. Plus, interest in these accounts is compounded daily.Safety: Many high-yield accounts are FDIC or NCUA insured, meaning that if something were to happen to the bank (or credit union) your account is with, your money will still be safe.Accessibility: While there are limitations on the number of free withdrawals you can make from a sings account, your money is still readily accessible whenever needed.Cons:
Harder to access than traditional sings accounts: If you he a sings account with a different bank than your checking account, you may he to wait a few days for funds to transfer from one to the other. Plus, you won't be able to easily view account details for both accounts in one place unless you he the right budgeting app.Not suited for long-term goals: If you're looking to se for long-term goals, like retirement, other investments, like stocks, are usually a better choice for your money. The rate of inflation can be higher than what you earn in interest.Variable interest rates: Since interest rates are variable, the APY on the account can decrease from the rate it was when you opened the account if the Fed decides to cut rates again in the future.Minimum deposit requirements and fees: Many high-yield sings accounts charge a monthly fee and/or require a minimum deposit to earn the advertised APY.Online banks: Since most high-yield accounts are offered by online banks, you likely won't he branch access. Therefore, contacting customer service or accessing a fee-free ATM might be more challenging.Bottom line on high-yield sings accountsOpening a high-yield sings account is an excellent option to consider. High-yield sings accounts offer higher rates than traditional sings accounts, meaning your cash will accrue more interest by simply sitting in a high-yield account than it would in a standard account. And there's no risk, either.
The downside? Since rates on high-yield sings accounts fluctuate with the market, take advantage of the best rates while you still can.
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