Let’s be clear — getting a 7% interest savings account isn’t going to be easy. In 2025, most traditional institutions max out savings rates at 4.50%. While 7% interest rates aren’t very common, there are a few accounts with APYs above 5% and one even offering 8% APY.
We’ve located 9 checking, savings and CMAs with APYs around that 7% target rate.
9 accounts with nearly 7% interest
Compare some of the best rates available from banks, credit unions and fintechs, including BCU, Netspend, Greenlight, Varo and more.
| BCU Powerplus Checking | Up to 8% APY On balances up to $15,000 for three months with $3,000 in deposits or direct deposits and 30 qualifying transactions per month. Requires BCU membership. Up to 4% APY After the promotional period with same activity requirements as above. |
$0 | Go to site | Greenlight Family Shield | Up to 6% savings bonus On first $5,000 saved. Comes with identity theft protection, financial account monitoring and more. |
$24.98 | Go to site |
| Netspend Savings | Up to 6% APY | $0 | Read Review |
| DCU Primary Savings Account | Up to 5.50% APY $5 deposit and no balance requirements, requires DCU membership. |
$0 | Read Review |
| Varo High-Yield Savings Account | Up to 5% APY On first $5,000 saved, Varo checking account required ($0/month). |
$0 | Go to site |
| Uphold Interest Account | Up to 4.5% APY | $0 | Go to site |
| Western Alliance HYSA through Raisin | Up to 4.25% APY | $0 | Go to site |
| Barclays Tiered Savings | Up to 4.2% APY | $0 | Go to site |
| Public Cash Account | Up to 4.1% APY | $0 | Go to site |
What is the highest bank account APY available?
At the time of writing, the BCU Powerplus Checking account has the highest APY we could locate, boasting an extraordinary 8% APY for three months on up to $15,000. After the three months are up, the account’s rate drops to 4% APY — but that’s still very high for an interest-bearing checking account.
Just keep in mind to earn the promotional rate and the 4% APY afterward, you’ll need to meet deposit and activity requirements. BCU is also a credit union, so you’ll need a membership, but you can become a member for free by subscribing to its Life. Money. You. digital newsletter.
What is the highest CD rate available?
Certificate of deposit (CD) rates change frequently but are known to offer higher rates on average than most savings and interest-bearing checking accounts. The highest CD rates right now are around 4% to 4.50%.
The highest CD rate we could locate at the time of writing is 4.50%, which you could get from various institutions, including Bread Financial and Marcus by Goldman Sachs.
Just remember that most CDs require a minimum opening deposit, and if you need to withdraw funds early, you might have to pay early withdrawal penalties.
Do high-yield accounts have deposit requirements?
It’s very common for deposit accounts with high APYs to have some sort of deposit or activity requirements.
For example, the SoFi Checking & Savings account requires you to either set up direct deposit or deposit $5,000 per month to earn the 3.80% APY on your savings balance. Or you could pay a $10 Plus monthly subscription fee to get the 3.80% rate on savings.
Bottom line
It’s hard to find a 7% interest savings account — let alone an account with a rate over 5%. However, it’s not impossible to find a low-fee account with a rate over national averages. Many online banks offer rates well over national averages and usually skip monthly fees, so you can keep that cash in your pocket.
Compare more savings accounts and see our guides to aid your search in finding the right account for you.
