How banks decide what to pay on your savings Banks don't automatically adjust savings rates when the Fed moves. Instead, they balance multiple factors that include: A need for deposits.

High-yield savings account rates remain high for now Interest rates on high-yield savings accounts are variable, so they generally ebb and flow based on the Federal Reserve's federal funds rate ...

At least 1 in 5 Americans have no emergency savings account, according to a March survey by WalletHub, the personal finance site. WalletHub CEO Odysseas Papadimitriou finds that statistic alarming ...

For solely 5% interest savings accounts, Pibank is offering 5.50% APY with no fees or requirements, and Newtek Bank’s Personal High Yield Savings is offering a 5.25% APY on savings with no ...

We might earn a commission from links in this content. Learn more This is the No. 1 savings account right now — and 9 more high-yield savings accounts to consider (up to 5% APY) ...

Today's High-Yield Savings Rates for June 24, 2025: Up to 4.66% A high-yield savings account can help you earn the most on your savings Written By Miranda Marquit Updated June 24, 2025, 5:00 AM EDT ...

High-yield savings vs. traditional savings accounts: What to know HYSAs compare to traditional accounts in key ways beyond higher interest rates. Let’s take a closer look at how high-yield ...

The bottom line The bottom line is that it's wise to keep a meaningful amount of money in a high-yield savings account, but these accounts aren't the best place for most people to store 100% of ...

10 best savings accounts right nowMethodology Every month, our team scours the internet for high-yield savings accounts recommendations to bring you the very best of the best. We read reviews from ...

Risk Savings are generally low-risk; they are often insured by institutions like the FDIC in the U.S., protecting the principal up to a certain limit.

Citizens Access Savings is a simple, high-yield savings account that's easy to open and maintain. While the lack of ATM access or an in-house checking account makes withdrawing cash a little less ...