Reported 3 days ago
As of February 17, 2025, many high-yield savings accounts are offering annual percentage yields (APYs) well above the national average; notably, Varo Bank offers the highest rate at 5.00%. With the Federal Reserve likely maintaining its current interest rates, now is a prime time for savers to explore these accounts, which typically have no minimum balance requirements or monthly fees. Choosing a high-yield savings account can significantly enhance your savings compared to the national average rate of just 0.41%.
Source: YAHOO