3 Kinds of Bank Accounts Consumers Are Opening in 2025 — and Why

Group 1: Consumer Attitudes Towards Technology and AI - 89% of Americans are comfortable with using and adapting to new technology, with 50% trusting AI for reliable information [1] - 65% of Americans believe AI can increase access to financial tools [1] Group 2: Trends in Bank Account Openings - Over the last four years, checking accounts have consistently accounted for more than 50% of new accounts opened [3] - Consumers are actively seeking new checking accounts to avoid fees and align with their financial goals [3] Group 3: High-Yield Savings Accounts - There is a continued trend in opening high-yield savings accounts (HYSA) and short-term certificates of deposit (CDs) in 2025 [4] - HYSAs offer significantly higher interest rates, often up to 4.5% APY, making them attractive during uncertain market conditions [4] - The liquidity and fewer limitations on withdrawals and deposits associated with HYSAs are appealing to customers [4]