Interest rates on typical bank savings accounts are laughably low. The national average interest rate is just 0.42% APY (as of January 2025).[1]Online banks provide much higher interest rates. Choose one of these accounts to get the most out of your hard-earned savings....
Savings accounts can be a rewarding way for your child or teen to learn about money. We've been researching the best kid and teen bank accounts since 2021, starting with a pool of almost two dozen options. These accounts are educational and child-friendly, and after hours reviewing interest ...
The best high-yield savings account rate is 5.00% APY from Pibank and Zynlo Bank. That's more than 11 times the FDIC's national average for savings accounts of 0.42% APY.1A high-yield savings account is great because it pays more interest, while still giving you the flexibility to withd...
A competitive interest rate. BestCashCow maintains the most comprehensive list of deposit account rates. The rates above are the best available rates for online savings accounts. In order to ensure that your money continues to grow over time, you may wish to avoid banks which rely heavily on ...
Interest rates will be coming down much slower than they increased in 2022 and 2023. For the foreseeable future, savers will continue to find the top-yielding savings accounts and CDs paying returns that should outpace inflation by a healthy margin. Regardless of the interest rate environment, bu...
national average savings rate is 0.06%. As a result, the high-yield savings accounts below are reliable alternatives for your short-term savings. GO2bank Vault Savings As a digital institution specializing in mobile banking, GO2bank offers one of the industry’s highest savings account interest ...
Recent figures from theFederal Deposit Insurance Corporation (FDIC)show that the average savings account rate and the average money market account rate are currently at 0.64% APY as of writing. Still, there are a small handful of banks paying interest rates on money market accounts that rival th...
Transferring money to and from your Betterment Cash Reserve is a breeze. You link an existing bank account to take advantage of the high interest rate. Best of all, unlike most online savings accounts, Betterment Cash Reserve doesn’t limit how many withdrawals you can make each month. ...
When it comes to your savings, which is better: a money market account or ahigh-yield savings account? Money market accounts usually offer a higher interest rate than traditional savings accounts. But both money market and high-yield savings accounts can earn high rates. Why choose one over ...
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.