Savings interest rates today: Shift your savings to earn today's highest yields of up to 5.30% — July 1, 2024

Interest rates are soaring, thanks to the Federal Reserve increasing its benchmark rate 11 times over the past two years to the current 23-year high. Yet with the Fed signaling at least one cut this year and multiple drops in 2025 alongside improving inflation, today's best APYs aren't expected to last too much longer.

If you're still earning 1% APY or less with a traditional savings account, opening a high-yield savings account can be among the smartest move for your money. You'll find...