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....
Today's highest savings account rates feature accounts over 4% APY. Explore the best savings rates and take advantage of the current high rate environment while it lasts.
One downside of savings and money market accounts is that their rates are variable, meaning there is no way to know what your account will pay in the future. In contrast, acertificate of deposit (CD)lets you lock in a guaranteed rate for a period of months or years....
If inflation outpaces the interest rate on your MMA, your money could lose value in real terms over time. Alternatives to MMAs for saving money While MMAs offer attractive rates, there are other options to consider for your savings: High-yield savings account: These accounts often provide ...
Do you know the interest rate on your savings account? If not, don’t feel too bad — most people have no idea. But since nobody really pays attention to this number, big banks get away with payingwaybelow the fair market interest rate on most savings accounts. ...
The percentage amount ordinarily advertised on interest-bearing deposit accounts (savings accounts, checking accounts and CDs). Truth in Savings regulations require this number be reported and it reflects the total interest to be received over a 365-day year, regardless of the bank's own method of...
There are no activity or maintenance fees and accounts must have at least $0.01 to earn interest. BrioDirect High-Yield Savings Account: Up to 5.30% APY Deposit at least $4,000 and maintain a $25 balance at this high-yield savings ...
The base rate influences the cost of borrowing, meaning that a rise can lead to more expensive mortgages. But it can be good news for savers, as banks may offer greater returns on savings accounts, Wealth Club said in a statement. Further rate rises haven’t been ruled out, if there is...
Best High-Yield Savings Accounts Best Money Market Accounts Note that the "top rates" quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national aver...
In the past, there was a view that crypto staking is safer than crypto savings accounts due to implications around private key ownership although in reality savings accounts have withstood the test of time and are equally as safe and reliable, as long as you are using a trustworthy provider ...