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Latest reporting and analysis tagged with high-yield savings.
Several banks and credit unions are currently offering high-yield savings accounts with APYs of 4% or more, providing savers with alternatives to the national average rate of 0.39%.
High-yield savings account rates have fallen, but some accounts still offer over 4% APY. The average rate is 0.39%, with SoFi, Valley Bank Direct, and Barclays providing the highest rates as of January 13, 2026.
High-yield savings accounts offer rates around 4% APY as deposit rates fall after Federal Reserve rate cuts in late 2024 and 2025. SoFi currently provides a 4% APY rate.
High-yield savings accounts and certificates of deposit provide higher interest than traditional savings, with differences in flexibility and terms.