Key takeaways
We’ve been watching rates for thebest high-yield savings accountsfor a while now.
Historically, when the Fed raises or lowers interest rates, banks do the same forborrowing and saving.
We don’t recommend waiting – that could mean missing out on interest.
Here’s a closer look at the best savings rates and the banks that offer them.
put in your information below to get CNET’s partners' best rate for your area.
Money coach and CNET Money expertBernadette Joyshared some tips to help you stick to your goal.
“It’s a psychological hack that makes it easier to stay motivated.”
Breaking your goal into smaller chunks can make it more manageable.
it’s possible for you to earn up to 4.65% APY on the best CDs.
Check outtoday’s rates.
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 Feb. 3, 2025, based on the banks we track at CNET.
Weekly percentage increase/decrease from Jan. 27, 2025, to Feb. 3, 2025.
**Varo offers 5% APY only on balances of less than $5,000.
