If the Fed does cut interest rates, savings rates may not drop overnight.
But we don’t recommend waiting if you want to maximize your earnings.
Here are the best rates and what to know before opening an account.
put in your information below to get CNET’s partners' best rate for your area.
If the Fed opts to cut, you could see a dip in savings rates.
A potential dip in rates doesn’t change Smith’s opinion about whether HYSAs will continue to be valuable.
Experts agree that high-yield savings accounts are the best places to keep money for short-term goals.
Smith recommends 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. 16, 2024, based on the banks we track at CNET.
Weekly percentage increase/decrease from Dec. 9, 2024, to Dec. 16, 2024.
