Savings interest rates today: Trade simple savings for higher yields of up to 5.50% — July 16, 2024

Saving money is an important way to ensure financial stability into the future, but it's not enough to keep your cash in a simple savings accounts. You could be earning significantly more by trading up to a high-yield account paying out more than 10 times the 0.36% national average of your everyday savings.

Today's most competitive APYs are offered by FDIC-insured online-only banks and digital accounts with no minimum deposits, high fees or other limitations that can eat into your earnings.