If you’re looking for ways to make more interest on your money, a high-yield savings account might be an ideal choice. Several
online banks
now offer
high-yield savings accounts
that earn over 1.25% APY.
Our best savings accounts guide and best high-yield savings account guide can be great starting points in your research. But if you prioritize finding the highest rates above all else, then this list is for you.
What are the interest rates for savings accounts today?
The FDIC keeps tabs on national rates for interest-earning bank accounts. The average interest rate earned by a savings account right now is 0.07% APY.
We’ve been checking over a dozen financial institutions to keep up with the new rate offerings. Our list includes accounts with much higher interest rates than the national average since online institutions tend to offer high-yield bank accounts.
The most competitive high-yield savings accounts pay around 1% APY right now. Keep in mind interest-bearing accounts may change. Savings accounts have a variable interest rate, which means that the rate may fluctuate at any time.
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