National average interest rates for savings accounts are at a low of 0.39%, but high-yield accounts offer APYs of 4% or more. Top options include DCU at 5.5% for balances up to $1,000, Varo Bank at 5%, and AlumniFi offering tiered rates up to 4.75%. Accounts like Pibank, FitnessBank, and BrioDirect also offer competitive rates.

Other high-yield savings account options with APYs ranging from 4% to 4.6% include EverBank, Bread Savings, First Foundation Bank, Poppy Bank, Ivy Bank, Primis Bank, and LendingClub. Each account has different minimum deposit requirements, fee structures, and benefits to consider.

Accounts like Bask Bank, Jenius Bank, and TAB Bank offer APYs of 4% or more with no monthly fees or minimum deposit requirements. UFB Direct, Live Oak Bank, CIT Bank, Cash App, Current, and others also provide attractive rates with varying features to help grow savings over time.

With interest rates on the decline, it’s important to take advantage of higher rates while they last. Consider options like CDs to lock in current rates for longer-term savings goals. Regular contributions, compound interest, and fee management are key factors to maximize the benefits of a high-yield savings account while rates are favorable.

Read more at Yahoo Finance: 23 savings accounts with interest rates of 4% APY and higher (updated weekly)