The highest savings account rates today: Earn up to 3.01% APY on a high-yield savings account
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More online banks are raising interest rates on savings accounts. For example, UFB Direct, Bread Savings, BrioDirect, and Bask Bank all have savings accounts paying over 2.75% APY right now.
Our best savings accounts guide and best high-yield savings account guide can be great starting points in your research if you're looking for bank accounts with unique perks or features. But if you prioritize finding the highest rates above all else, this list is for you.
What are the interest rates for savings accounts today?
The FDIC keeps tabs on national rates for interest-earning bank accounts. The average interest rate paid by a savings account right now is
We've been checking over a dozen financial institutions to keep up with their new rate offerings. Our list includes accounts with much higher interest rates than the national average, since online institutions tend to offer high-yield bank accounts.
The most competitive high-yield savings accounts pay up to 3.01% APY right now. Keep in mind interest rates may change. Savings accounts have variable interest rates, which means that the rates can fluctuate at any time.
The Federal Reserve has increased the federal funds rate several times this year, so savings interest rates are also expected to steadily increase throughout 2022.
Best savings account interest rates
UFB Elite Savings: UFB Rewards Savings
Bread Savings: Bread Savings High-Yield Savings Account
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If you haven't heard of Bread Savings, you might be familiar with Comenity Direct. Comenity Direct has recently been rebranded because its parent company, Bread Financial, has expanded to include lending options.
BrioDirect High-Yield Savings Account: BrioDirect High-Yield Savings Account
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Bask Bank Interest Savings Account: Bask Bank Interest Savings Account
Bask Bank could be a good fit if you'd like to open an account with
CIT Bank Savings Connect: CIT Bank Savings Connect Account
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TAB Bank High-Yield Savings Account: TAB High-Yield Savings Account
You might consider banking with TAB Bank if you're looking to open other accounts along with your high-yield savings account. TAB Bank pays competitive rates on CDs along with its
TAB Bank doesn't have an ATM network, though, so when you use any ATM, the bank will charge you a fee.
LendingClub High-Yield Savings Account: LendingClub High-Yield Savings Account
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Quorom Federal Credit Union: High Q Savings Account
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SoFi Checking and Savings: SoFi Checking and Savings
If you're comfortable combining your checking and savings into one account, you might consider opening