Here’s an updated breakdown of the best high-yield savings and money-market accounts, comparing the original rates you provided with the most current, widely available information:
1. TotalBank – Originally 5.11% APY
- Your Note: Only for balances $2,500 and over; $1,000,000 limit; no fees; 6 withdrawals/month; $25,000 minimum to open; FDIC insurance; part of City National Bank ($25B in assets).
- Current (April 7, 2025): Offers 4.41% APY on money-market balances of $2,500 and up. Requires $25,000 to open; maximum per client: $1,000,000; FDIC-insured; no stated maintenance fees (totalbank.com, Deposit Accounts).
** Takeaway:** TotalBank’s rate has dropped from the previously reported 5.11% to around 4.41%, though its high opening minimum and online-only model remain consistent.
2. Peak Bank – Originally 5.07% APY
- Backed by Idaho First Bank, $500M AUM; $100 minimum to open; no maintenance fee.
- Current (August 2025): Up to 4.35% APY for new high-yield savings accounts, with no monthly fees and a $100 opening minimum (peak.bank, Bankrate).
- For existing customers, APY remains around 4.35%, with advertised rates occasionally higher (e.g., 4.54%) but typically for new accounts only (Deposit Accounts).
3. Brio Bank – Originally 5.05% APY
- Part of Webster Bank ($73B AUM); $5,000 minimum to open; must maintain $25 to earn APY; no monthly fees.
- Current (August 2025): Sources like Bankrate’s roundup list BrioDirect at 4.30% APY with $5,000 minimum to open (Bankrate).
4. Ivy Bank – Originally 5.00% APY
- Part of Cambridge Savings Bank ($6B AUM); $2,500 opening requirement; $2,500 minimum to earn rate; 6 transfers/month; $1,000,000 max.
- Current: Included in Investopedia’s November 2024 top list at 5.00% APY, $2,500 minimum to open and earn rate (Investopedia). No more recent data available.
5. My Banking Direct – Originally 5.00% APY
- Part of Flagstar Bank NA ($119B AUM); no monthly fees; $500 to open.
- Current (Oct 2024): Listed at 5.00% APY, $500 to open, with no minimum to earn (Investopedia). No updated info beyond that.
6. Western Alliance Bank – Originally 4.96% APY
- $80B AUM; no activity or maintenance fees; $500 minimum; highly ranked bank.
- Current: No confirmed current APY found in accessible sources as of now.
7. Flagstar Bank – Originally 4.90% APY
- $1 to open; $15 monthly service fee waived with $10,000 avg balance or checking; $25,000 minimum to earn APY; $30 early-close fee within 6 months.
- Current: No updated APY available in our searches; still plausible but unverified.
8. CIBC – Originally 4.61% APY
- No fees; penalty-free withdrawals; $1,000 minimum.
- Current: No updated rate found in mainstream U.S. listings.
9. BMO Alto – Originally 4.60% APY
- No fees; $0 minimum to open or maintain; unlimited transfers.
- Current: Not prominently featured in recent U.S. rate comparisons.
Summary Table: Original vs. Current Rates
| Institution | Original APY | Current APY (as of mid-2025) | Notes / Sources |
| TotalBank | 5.11% | ~4.41% (money market) | (totalbank.com, Deposit Accounts) |
| Peak Bank | 5.07% | 4.35% (new and existing) | (peak.bank, Bankrate,Deposit Accounts) |
| Brio Bank | 5.05% | 4.30% | (Bankrate) |
| Ivy Bank | 5.00% | 5.00% (Nov 2024) | (Investopedia) |
| My Banking Direct | 5.00% | 5.00% (Oct 2024) | (Investopedia) |
| Western Alliance | 4.96% | Current rate unverified | — |
| Flagstar Bank | 4.90% | Current rate unverified | — |
| CIBC | 4.61% | Current rate unverified | — |
| BMO Alto | 4.60% | Current rate unverified | — |
Suggested Article Draft for FoolishFinancial.com
Title: High-Yield Savings & Money Market Rates – August 2025 Update
Introduction
In late 2024, accounts offering APYs north of 5% were all the rage. Since then, many of those rates have dipped—but there are still excellent opportunities to earn above-average interest. Here’s an updated comparison of nine top accounts, featuring both original rate claims and what’s currently available.
1. TotalBank – Money Market
- Now: ~4.41% APY (for balances of $2,500+), with a $25,000 minimum to open and up to $1M limit. FDIC-insured, no maintenance fees (totalbank.com, Deposit Accounts).
- Then: Previously touted at 5.11%.
- Bottom Line: Solid option if you meet the high opening balance, but rate has fallen.
2. Peak Bank
- Now: 4.35% APY across all tiers, $100 minimum, no fees (peak.bank, Bankrate,Deposit Accounts).
- Then: Promoted at 5.07%.
- Bottom Line: Strong, accessible rate with low barrier to entry—worth considering.
3. Brio Bank
- Now: 4.30% APY with $5,000 opening minimum (Bankrate).
- Then: 5.05%.
- Bottom Line: Still decent for Webster Bank customers, though rate has dipped.
4. Ivy Bank
- Now: 5.00% APY (as of Nov 2024), $2,500 minimum required (Investopedia).
- Then: Listed at 5.00%.
- Bottom Line: Holding steady—one of the few maintaining 5%.
5. My Banking Direct
- Now: 5.00% APY as of October 2024, $500 to open, no minimum to earn (Investopedia).
- Then: 5.00%.
- Bottom Line: Also steady—worth checking if still available.
6–9. Other Institutions (Western Alliance, Flagstar, CIBC, BMO Alto)
- Original high rates ranged from 4.60%–4.96%, but no recent data found.
- Bottom Line: Potential opportunities if still offering high APYs—must visit their websites or rate aggregators for up-to-date info.
Key Takeaways
- The era of 5%+ easy, low-barrier savings seems to be receding—rates have generally dropped into the mid-4% range.
- Peak Bank remains a standout: low opening requirement, no fees, and a respectable 4.35% APY.
- Ivy Bank and My Banking Direct are rare examples still offering 5.00%, though minimums apply.
- Always confirm current rates directly before opening—APYs are variable and can change rapidly.
- Ensure FDIC-insurance limits are respected when depositing large sums.
Final Thoughts
The savings market is cooling off from its record highs—but good opportunities remain. Especially for savers with flexibility on deposit amounts, there’s still value to be found.
