Best high-yield savings accounts for first-time homebuyers in February 2025

At Attain, we help first-time homebuyers take control of their path to homeownership. One of the biggest hurdles is saving for a down payment, so we make it easier with our unique 10% cash back on contributions—plus tools to build credit and reduce debt for a mortgage.

Estimates are based on saving $20,000—the average amount needed for a down payment and closing costs in the U.S.—over five years, at a rate of $4,000 per year starting from zero. Our evaluations are 100% independent, with no commercial ties to the banks we review, ensuring unbiased recommendations.

BEST CHOICE

Varo

APY

5.00%

Total savings

$22,646

Openbank

APY

4.75%

Total savings

$22,502

Pibank

APY

4.60%

Total savings

$22,416

Newtek Bank

APY

4.55%

Total savings

$22,387

BrioDirect Bank

APY

4.55%

Total savings

$22,387

Bask Bank

APY

4.35%

Total savings

$22,274

CIT Bank

APY

4.30%

Total savings

$22,246

UFB Direct

APY

4.21%

Total savings

$22,195

Current

APY

4.00%

Total savings

$22,077

SoFi

APY

3.80%

Total savings

$21,966

Ally

APY

3.70%

Total savings

$21,910

Revolut

APY

3.50%

Total savings

$21,146

Aspiration

APY

3.00%

Total savings

$21,010

Chime

APY

2.00%

Total savings

$20,994