Confused about which savings account to choose? You’re not alone.
We’ve gathered the most frequently asked questions about high-interest savings — and answered them based on July 2025’s top-performing accounts in the UK and USA.
💬 Q1: What’s considered a high-interest savings account in 2025?
👉 In 2025, anything over 4.00% (APY or AER) is considered high.
Top accounts are offering between 4.40% and 5.20% right now.
💬 Q2: Who offers the highest interest rate in the UK?
🏆 Zopa Smart Saver – up to 5.20% AER (requires notice period)
💡 Also great:
- Chase UK – 5.10% AER (instant access)
- Tandem Bank – 5.00% AER (instant, no deposit needed)
💬 Q3: Who offers the highest rate in the USA?
🏆 SoFi High-Yield Savings – 4.60% APY, with FDIC insurance up to $2M
💡 Also great:
- Synchrony – 4.50% APY (with ATM access)
- Marcus by Goldman Sachs – 4.40% APY (easy online setup)
💬 Q4: Is my money safe in these accounts?
✅ Yes.
- UK accounts are protected by FSCS up to £85,000
- US accounts are insured by FDIC up to $250,000
- SoFi provides extra protection via partner banks (up to $2M)
💬 Q5: Can I withdraw money anytime?
It depends:
| Account | Access Type |
|---|---|
| Zopa | Notice (7–95 days) |
| Chase UK | Instant access |
| SoFi | Instant access |
| Synchrony | Instant + ATM |
| Marcus | Instant access |
💡 Want no wait? Choose Chase, Tandem, SoFi, or Marcus.
💬 Q6: Do I need a large deposit to start?
❌ Nope. Many top accounts have £0 or $0 minimums.
- Tandem: £0
- SoFi: $0
- Marcus: $0
- Chase: £1+
💬 Q7: Can I open these accounts online?
✅ Yes — and it usually takes under 10 minutes.
Just have your:
- ID (passport or driver’s license)
- Phone number & email
- Bank details (to link)
💬 Q8: What are the best accounts overall this month?
| Bank | Country | Rate | Best For |
|---|---|---|---|
| Zopa | UK | 5.20% AER | Max interest (with notice) |
| Chase UK | UK | 5.10% AER | Cashback + instant access |
| Tandem | UK | 5.00% AER | Beginners, eco-friendly |
| SoFi | USA | 4.60% APY | Full-featured + secure |
| Synchrony | USA | 4.50% APY | ATM access + flexibility |
| Marcus | USA | 4.40% APY | Simplicity + trust |
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