Savers can earn up to 4.3% APY on high-yield savings accounts, still above national average
Today’s savings account rates are still above the national average, despite the Federal Reserve cutting the federal funds rate three times in 2024. High-yield savings accounts can offer as much as 4% APY, with EverBank currently offering the highest rate of 4.3% APY as of June 30, 2025. Online banks generally offer better rates due to lower overhead costs. Savers should compare offers from different institutions to find the best deal, considering factors like minimum balance requirements, fees, customer service, and insurance by the FDIC or NCUA. Now may be the last chance to take advantage of high rates before the Fed lowers its target rate again in 2025.
Read more at Yahoo Finance: Best high-yield savings interest rates today, July 7, 2025 (Earn up to 4.3% APY)