Rates on savings accounts are mixed compared to one week ago, with the highest yield at 5.84% for a standard savings account with a $2,500 minimum deposit.
High-yield savings accounts generally offer higher interest rates, with the best rate at 5.35% for a minimum deposit of $10,000.
For high-yield accounts requiring a minimum deposit of $25,000, the highest rate available today is 4.43%.
When choosing a savings account, consider factors such as interest rates, minimum deposit requirements, fees, and the reputation of the bank or credit union.