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.
Learn more about whether a high-yield checking or savings account is a better fit. We highlight the differences between the two accounts to help you decide which is the best option.
In an era of historically high interest on savings accounts, many of the best rates come from banks that don't have a branch at the local strip mall.
A high-yield savings account is a bank account that earns a higher-than-average return. The average savings account pays only a small yield.
Compare today’s best high-yield savings account rates with our ranking of over 100 national banks and credit unions. Today's top savings rate is 5.50% from Pibank.
High-yield savings accounts earn a much better return on your money.
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. A savings account is a good place to save money for short-term goals like a down payment, car, vacation, or emergency fund. But a high-yield savings account will likely be a stronger choice for storing you...
Key takeaways ; A high-yield savings account can offer a significantly higher interest rate compared to a traditional savings account. It’s important to compare annual percentage yields (APYs) and features when choosing a high-yield savings account. A high-yield savings account with an FDIC-insured bank means your money is safe (within federal guidelines) if the bank fails and in the current rate environment means your money is likely outpacing inflation.
Explore the best high-yield savings accounts for November 2024 to maximize your savings with higher interest rates than regular savings accounts.
Looking for the best high-yield savings accounts today? We evaluated dozens of accounts to find the 10 best. See our picks based on interest rates, fees, and more.