The best high-yield savings accounts offer annual percentage yields (APYs) that are well above average. Many of the top rates available today are above 4%, and one or two are still around 5%.
Inflation rates have been edging higher and the U.S. economic outlook is cloudy. That means the Federal Reserve is likely done with rate cuts for now—and while that’s mixed news for some parts of the economy, it suggests that average savings account APYs could remain unchanged for a while longer.
