High-yield savings rates remain high, with Peak Bank offering 4.44% APY

From Yahoo Finance: 2025-05-26 06:00:00

Today’s savings account rates remain above the national average despite Federal Reserve rate cuts. High-yield savings accounts offer rates as high as 4% APY. Peak Bank currently offers the highest rate at 4.44% APY with no minimum deposit. Online banks typically offer higher rates due to lower overhead costs. Average savings account rate is 0.41%, while 1-year CDs average 1.77%. Compare rates and account features before opening an account. Ensure your savings account is insured by the FDIC or NCUA for protection.



Read more at Yahoo Finance: Best high-yield savings interest rates today, May 26, 2025 (Earn up to 4.44% APY)