<ul><li>High-yield savings account rates have remained steady compared to one week ago, with the highest rate reaching 5.84%.</li><li>Traditional savings accounts have historically offered low interest rates, but recent trends show online banks and credit unions offering rates 10 times higher.</li><li>The average APY for a traditional savings account is currently 0.22%, while high-yield accounts offer substantially higher interest rates.</li><li>Factors to consider when choosing a savings account include interest rates, minimum deposit requirements, fees, and the reputation of the financial institution.</li></ul>

High-Yield Savings Account Rates Today: May 29, 2025 – Rates Are Steady

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