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Fortune
Fortune
Ivana Pino

The best high-yield savings accounts to build your wealth

Illustration showing an increasing bar chart (Credit: Illustration by Tim Boelaars)

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. 

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