A high-yield savings account functions like a traditional savings account but offers significantly higher interest rates.

These are the 10 high-yield savings accounts with the best rates for May 2025. All accounts in this ranking are insured by ...

For example, some accounts will charge a monthly ... This way, you can protect your money from bank failure. It's standard for savings accounts to be FDIC-insured for up to $250,000.

When it comes to savings accounts, sometimes more is better. With a single savings account, you might have trouble managing all of your goals in one place, or you might be too tempted to spend ...

For example, the Laurel Road High Yield Savings account has a 4.50% APY and a 4.40% interest rate. How to Choose a Savings Account With 5% Interest Choosing a savings account with 5% interest ...

They may offer rates up to 11 times higher than regular savings accounts, which can add up fast. For example, let's say you deposit $1,000 into a savings account at 0.25%. After 12 months ...

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While most HYSAs have no monthly maintenance fees, it’s wise to confirm there aren’t any common or hidden banking fees that could eat into your savings. For example, some accounts charge a fee ...

Although the online bank doesn’t offer the highest APYs available, its savings account features some unique perks. For example, Ally savings account customers can split up their savings between ...

such as unique savings tools you won’t find associated with other accounts. For example, you can create “buckets” for up to 10 financial goals with one account. Ally Bank also offers a round ...

High-yield savings accounts often pay APYs than their traditional counterparts.Benefits of high-yield savings accounts include a low-risk way to grow your savings faster and reach financial goals ...