Top National Banks for 2025: Fees, Minimum Balance Requirements, and Extra Perks

Kiplinger's analyzed accounts at 40 financial institutions, evaluating them based on criteria including fees, minimum balance requirements, yields, and extra perks. The top national banks, internet banks, and credit unions have been compiled into a list. Winners for high-net-worth clients, retirees, and travelers have been highlighted. Even if you don't want to overhaul your banking relationship, you may find ideas to supplement your strategy.

As of July 2, 2025, Kiplinger's has analyzed accounts at 40 financial institutions, providing a detailed evaluation based on fees, minimum balance requirements, yields, and extra perks. This analysis aims to help investors and financial professionals identify the best high-yield savings accounts, particularly for high-net-worth clients, retirees, and travelers. Even if you don't plan to switch banks entirely, these insights can help you supplement your current strategy.

Key Findings

# High-Yield Savings Accounts for High-Net-Worth Clients

For high-net-worth clients seeking the best possible returns, the following institutions stand out:

1. Axos Bank: With a 4.46% APY and no minimum balance requirement, Axos Bank offers a highly competitive rate without any strings attached. This makes it an excellent choice for those looking to maximize their savings [1].
2. Marcus by Goldman Sachs: Known for its straightforward approach, Marcus by Goldman Sachs offers a 3.65% APY with no minimum balance requirement. This account is ideal for those who prioritize ease of use and high yields [1].

# High-Yield Savings Accounts for Retirees

Retirees often look for accounts that offer stability and security. The following institutions are particularly suitable:

1. Bread Savings®: With a 4.25% APY and FDIC insurance up to $250,000, Bread Savings® provides a secure option for retirees seeking a high-yield account with minimal risk [1].
2. EverBank: This institution offers a 4.30% APY and no minimum balance requirement, making it an attractive option for retirees who want a balance of high yield and flexibility [1].

# High-Yield Savings Accounts for Travelers

Travelers often need accounts that offer convenience and accessibility. The following institutions meet these criteria:

1. Bask Bank: With a 4.20% APY and no minimum balance requirement, Bask Bank provides a high-yield option that is easy to access, making it suitable for travelers [1].
2. Citizens Bank: Citizens Bank offers a 3.50% APY with a minimum balance requirement of $0.01, making it an accessible option for travelers who want to earn interest on even small balances [1].

Conclusion

Kiplinger's analysis highlights the importance of evaluating multiple factors when choosing a high-yield savings account. Whether you are a high-net-worth client, a retiree, or a traveler, there are options available that can meet your specific needs. By considering factors such as fees, minimum balance requirements, yields, and extra perks, you can make an informed decision that aligns with your financial goals.

References

[1] Margarette Burnette, "Best high-yield savings accounts: Full list of editorial picks," NerdWallet, July 22, 2025. [https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts](https://www.nerdwallet.com/best/banking/high-yield-online-savings-accounts)