Savings account rates have remained steady compared to one week ago, with a maximum yield of 5.84%.
High-yield savings accounts offer higher interest rates but may require certain conditions such as joining a credit union or a larger minimum deposit.
The average APY for traditional savings accounts is currently 0.22%, while high-yield accounts have an average APY of 0.22%.
When choosing an account, it's important to consider interest rates, minimum deposit requirements, fees, and the reputation and safety of the bank or credit union.