High-Yield Savings Rates May Be Falling, but Experts Are Still Sticking to This Account. Today's Savings Rates, Dec. 23, 2024

That may change soon now that the Federal Reserve voted to lower interest rates.

Typically when the Fed cuts the federal funds rate, banks follow suit by lowering their savings rates.

Here’s the latest on savings rates and what to know about opening a HYSA.

input your information below to get CNET’s partners' best rate for your area.

Experts still recommend comparing for better rates, offers and fees once a year.

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. 20, 2024, based on the banks we track at CNET.

Weekly percentage increase/decrease from Dec. 9, 2024, to Dec. 16, 2024.