<ul><li>Savings account rates have remained the same compared to one week ago, with the highest yield standing at 5.84% for a $2,500 minimum deposit account.</li><li>Online banks and credit unions typically offer higher interest rates on savings accounts than traditional brick-and-mortar banks.</li><li>The average annual percentage yield (APY) for a traditional savings account is currently 0.22%, while high-yield savings accounts offer much higher rates but may require certain conditions to be met.</li><li>When choosing a savings account, consider factors like deposit requirements, interest rates, fees, and federal insurance protection to make an informed decision.</li></ul>

High-Yield Savings Account Rates Today: May 5, 2025 – Rates Are Steady

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