Now is a good time to find a high-yield savings account.
Discover the latest Wells Fargo savings account interest rates. Compare rates and factors influencing your savings.
Discover current average interest rates on savings accounts, and current rates for different types of savings accounts at banks and credit unions.
To find the best high interest rate for you, browse Bankrate's list of the best high-yield savings accounts from federally insured, highly rated institutions.
Savings interest rates have remained high in 2024, but they could begin declining soon.
Discover’s online savings account offers a 4.00% APY and doesn’t have fees for items such as monthly maintenance, insufficient funds, official bank checks and excessive withdrawals. ; The savings rate is competitive with the APYs offered by other online banks such as Ally, American Express and Capital One, though it’s not the highest offer out there. ; There are no minimum opening deposit or minimum balance requirements to start earning interest.
Some of the top banks with the highest interest rates are Customers Bank, TAB Bank, Cloud, UFB, Bread, Bask, Upgrade, Varo and more.
The Fed has cut interest rates, so bank account interest... or savings account," says Salinas. Even in a declining interest rate environment, the best high-yield savings accounts offer...
Too many consumers settle for savings accounts that pay almost no interest. High-yield alternatives aren't hard to find.
U.S. Bank offers two consumer savings and two money market accounts to choose from—though you’ll need to meet high balance requirements and more to earn the highest rates. Learn more with our guide...