Key takeaways
Rates for thebest high-yield savings accountsare quietly falling from their record highs.
Last year, APYs were well over 5%, but many banks now have APYs around 4%.
Keeping money in a high-yield savings account for your short-term goals can be helpful.
If you better pull from youremergency fund, for instance, you could quickly transfer money.
And you’ll have the same flexibility to access your money.
put in your information below to get CNET’s partners' best rate for your area.
How much have savings rates changed since last week?
Should you switch banks to earn a higher savings rate?
Experts recommend comparing rates, offers and fees once a year.
If the rate stays the same for the next three months, you’ll earn $5.17 in interest.
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. 9, 2025, based on the banks we track at CNET.
Weekly percentage increase/decrease from Dec. 30, 2024, to Jan. 6, 2025.
**Varo offers 5% APY only on balances of less than $5,000.
