The Best High-Yield Savings Account Rates Today

The best high-yield savings accounts have annual percentage yields, or APYs, that are about 10 times higher than the national average rate of 0.46%. This means that you can earn significantly more interest on your savings by choosing one of these accounts. If you're looking for the best rate for your savings, high-yield savings accounts typically offer yields that pay many times the national average.

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. Today's savings account interest rates are some of the highest we've seen in more than a decade due to several rate hikes by the Federal Reserve.

I use each high-yield savings account for a different goal, like a vacation to Ireland, a kitchen renovation, or future car repairs. It's important to have specific savings goals in mind when choosing the right account for you.

It's hard to go wrong with high-yield savings accounts, but there are a few things you should know. Read on to find out which moves to make to maximize your savings potential. The best savings accounts on the market pay 5% or better—offering the highest rates in two decades. Start earning a great return today by choosing one of these top accounts.

High-yield savings accounts can offer better interest rates than regular savings accounts — in some cases more than 10 times the current national average rate. By choosing a high-yield account, you can watch your savings grow faster and reach your financial goals sooner.