
It can be difficult to choose a high-yield savings account, especially since there are so many options out there and rates change over time. Right now, the national average APY on savings accounts is currently 0.37% as of March 20, 2023, according to the Federal Deposit Insurance Corporation (FDIC).
So which one should you choose? According to our research, the best high-yield savings account is currently offered by UFB Direct, where you can earn an APY of 5.02%, more than 13 times the national average.