economy
Top high-yield savings rates: Up to 4.50% on Monday, Aug. 24, 2026
High-yield savings accounts yield up to 4.50% annual percentage yield as of Aug. 24, 2026. That’s a far superior return for savers looking to earn interest than the national average savings rate of 0.38%, per numbers from the Federal Deposit Insurance Corporation (FDIC).
TL;DR
- High-yield savings accounts offer APYs up to 4.50% as of Aug. 24, 2026, significantly higher than the national average of 0.38%.
- These accounts are often associated with online banks, which tend to offer better rates than traditional brick-and-mortar institutions.
- Key criteria for selecting a high-yield savings account include competitive interest rates, low or no minimum balance requirements, no monthly fees, easy access to funds, and FDIC/NCUA insurance.
- While interest earned is taxable, high-yield savings accounts remain a valuable tool for earning interest on accessible funds.
- The Federal Reserve's actions on the federal funds rate can influence savings account rates, potentially causing them to decrease.