High-yield savings account rates remain steady this week, with the maximum rate at 5.84%.
Traditional savings accounts have improved interest rates, but online banks and credit unions offer even higher rates.
Average APY for traditional savings accounts is 0.22%, while high-yield accounts offer better rates but might require certain conditions like a larger deposit.
When considering a high-yield savings account, compare rates, minimum deposits, fees, and bank reputation to ensure a good choice.