Savings interest rates today: Light up your savings with APYs of 5% and up over the holiday — July 3, 2024

If you're earning under 1% APY on your savings, you're leaving money on the table. In today's continued high-rate environment, higher-yield accounts are paying out rates of 5% and higher — more than 10 times the national savings average. And no fees or balance minimums mean there's no barrier to lighting up your savings with yields that can grow your money much faster than accounts at your neighborhood bank.

Today's highest rates are found with digital banks and online accounts offering...