Key Takeaways
Savings goals should be an important part of yourfinancial planthis year.
The best high-yield savings accounts earn up to 5% annual percentage yield, or APY.
Read on to see CNET’s picks for the best high-yield savings accounts.
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If so, you’ll have more time to earn interest on your savings with over 4% APY.
But even if rates drop, a high-yield savings account is still worth having.
“It is always worth it to earn a little extra on your already saved money.”
Assuming the rate stays the same for the next 12 months, you’ll earn $21.60 in interest.
Here are some other factors to consider when opening a HYSA.
Each account received a score between one (lowest) and five (highest).
None of the banks on our list charge monthly maintenance fees.
Accounts that impose restrictive residency requirements or fees for exceeding monthly transaction limits may also be rated lower.
*APYs as of Jan. 23, 2025, based on the banks we track at CNET.
Weekly percentage increase/decrease from Jan. 13, 2025, to Jan. 20, 2025.
**Varo offers 5% APY only on balances of less than $5,000.
