The current economic environment is characterized by rising inflation rates and an ambiguous U.S. economic outlook, prompting many to reevaluate their savings strategy. With average savings account annual percentage yields (APYs) surpassing 4%, now is a great time to find the best account for your financial needs.
Fortune has partnered with Curinos, a team of esteemed financial industry consultants, to provide readers with an up-to-date snapshot of competitive savings account rates. Our research reveals the top high-yield savings accounts available nationwide today, offering interest rates above 4%.
Some notable options include:
* American Express National Bank, which offers a savings account with a competitive yield and rewards for purchases
* Peak Bank, providing a 4.54% APY
* LendingClub Bank, offering a LevelUp rate with $250 in monthly deposits and no fees
In March 2025, the next Federal Open Market Committee (FOMC) meeting is scheduled to take place. However, it’s expected that rates will remain relatively stable in light of rising inflation.
High-yield savings accounts can provide substantially higher interest rates than conventional accounts, making them ideal for emergency funds or short-term savings goals. With FDIC insurance, these accounts offer the same protection as traditional banks, minus minimum balance requirements and monthly fees.
Source: https://fortune.com/article/best-savings-account-rates-3-14-2025