Savings APYs Hold Steady After the Fed Leaves Rates Alone. Today's Best Savings Rates for Jan. 31, 2025
Currently, thebest high-yield savings accountrates have APYs over 4%. Here’s more on the best savings rates and the banks that offer them. key in your information below to get CNET’s partners' best rate for your area. How does the Fed’s decision affect savings rates? The best savings rates were well over 5% APY a year ago. Banks mostly followed the Fed’s lead, cutting APYs on savings accounts. We still don’t recommend waiting because banks could decide to lower savings rates further....