High-yield savings rates are above average but decreasing

From Yahoo Finance: 2025-06-09 06:00:00

Today’s savings account rates are above the national average, but decreasing due to Federal Reserve cuts. High-yield savings accounts can offer as much as 4% APY. VIO Bank currently offers the highest rate of 4.31% APY with no minimum deposit. Online banks typically have the best rates due to lower costs. Interest rates are expected to lower in 2025, making now a good time to secure high rates. Comparing rates and account details is crucial when choosing a savings account, including minimum balance requirements and customer service options. Make sure your account is insured by the FDIC or NCUA for protection.

Read more: Best high-yield savings interest rates today, June 9, 2025 (Earn up to 4.31% APY)