Rates on savings accounts remain the same compared to one week ago, with an average APY for traditional savings accounts at 0.22%.
High-yield savings accounts often offer higher interest rates, with a current best rate of 4.88% for an account requiring a minimum deposit of $10,000.
For high-yield savings accounts with a $25,000 minimum deposit, the highest available rate is 4.4%.
When choosing a savings account, it's important to consider interest rates, minimum deposit requirements, fees, and the reputation and safety of the financial institution.