Rates on savings accounts are stable compared to one week ago at an average APY of 0.22% for traditional savings accounts.
High-yield savings accounts offer considerably higher interest rates, averaging at 0.23% APY for accounts requiring a minimum deposit of $10,000.
For high-yield savings accounts with a minimum opening deposit of $25,000, the highest available interest rate is 4.4%.
Consider factors such as minimum deposit requirements, fees associated with the account, and the reputation of the financial institution before choosing a savings account.