Key Takeaways
We’re on the brink of the last Federal Reserve meeting of this year.
If the Fed cuts rates as most experts predict, savings rates may dip slightly.
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If the Fed opts to cut, most savings rates are expected to drop in the coming weeks.
But that doesn’t mean you’ll see your high-yield savings account rate drop right away.
Think of the interest you earn as an added bonus.
“Overall, HYSAs remain a smart choice for savers,” Kibbel said.
“Especially if you prioritize accessibility and safety, though it’s always wise to monitor rate trends.”
High-yield savings accounts still offer rates more than 10 times thenational average.
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 Dec. 10, 2024, based on the banks we track at CNET.
Weekly percentage increase/decrease from Dec. 2, 2024, to Dec. 9, 2024.
