Interest rates on savings accounts have fallen due to Federal Reserve cuts, but high-yield accounts are still available with rates above 4% APY. National average is 0.39%, but top accounts offer more than 10 times that rate. SoFi, Barclays, and Valley Direct offer the highest rates as of February 13, 2026.

Online banks offer high rates due to reduced overhead costs. Credit unions also offer competitive rates. Savings accounts are safe, insured by FDIC or NCUA up to $250,000. For shorter-term goals, like a down payment or emergency fund, high-yield savings accounts are a good option.

While savings accounts are safe, they may not offer the same returns as market investments for long-term goals like retirement. Online banks and credit unions offer competitive rates, with some credit unions having membership requirements. It’s important to shop around for the best rates before opening a savings account.

Read more at Yahoo Finance: Best high-yield savings interest rates today, February 13, 2026 (up to 4% APY return)