Earn up to 4.20 % APY before reducing the next federal reserve price

The federal reserve reduced the federal funds three times in late 2024, which means that deposit rates are now declining. It is more important than ever to make sure you get the highest possible rate in your savings, and High -yield savings account The solution can be.

These accounts pay more benefit than the model savings account – 4 % of APY and higher. Not sure where can you find the best savings interest rates today? Read on to know the banks that have the best offers.

Historically, the interest rates in the savings account were high. However, the prices are on Traditional savings accounts Parally compared to those provided for high -yield savings accounts.

For example, the average savings account rate is only 0.41 %, while the best interest rates in savings are generally about 4.0 % to 4.5 % APY.

As of March 19, 2025, the highest savings account rate available from our partners is 4.20 % APY. This rate is presented by Jenius Bank and there is no minimum to deposit the opening.

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Below is a look at some of the best savings rates today from our verified partners:

Related to: 10 best high -yielding savings accounts in 2025 >>

Deposit account rates – including savings rates – are linked to Federal funds rate. This is the target interest rate set by the Federal Reserve; When its target rate increases, deposit account rates usually increase. On the contrary, when the Federal Reserve reduces its average, deposit rates decrease.

Multiple High interest rate Through the Federal Reserve in response to high inflation, he finally reduced the rate of federal funds three times in late 2024. As a result, deposit rates also decrease.

Experts expect the Federal Reserve to reduce its target average twice in 2025, so that we expect savings account rates to continue this year. However, high -yield savings accounts remain one of the best places to store money safely and earn the best deposit rates available.

Read more: I bond for a high savings account: Which is better to overcome inflation?

Choosing where you put your money is an important decision, and there are some factors that you must take into account when assessing your options. The high -yield savings account can be logical if you are looking for a safe place to reach short -term savings while getting a strong return. Here are some major considerations:

• Upper Egypt: One of the most important features of savings account is the interest rate. It is important to shop and compare the best offers to ensure your money grows over time. Given that savings rates will likely decrease in the near future, Open a high -return savings account Now you will allow you to take advantage of high rates historically.

• Goals: Today’s high savings accounts offer prices that we have not seen for more than a decade. However, savings rates still do not coincide with the average securities market returns. If you save a long -term goal like retirement, it is possible that the savings account is not the best place to put your money, because your balance will not grow at a pace that allows you to reach your goal. However, if you save a financial emergency, or a payment of the house or a car, or gifts for the holiday season, or another goal in the short term, the savings account is a great place to keep this money.

• accessibility: Certain types of accounts and investments may provide higher returns than the savings account, but it may make it difficult to access your money in a pinch. For example, if you put your savings in Deposit certificate (CD) and needs to reach money before the date of entitlement, may be subject to the penalty of early withdrawal. Therefore, if you want to be able to decrease your savings as needed, it is possible that the high -return savings account is the best option.

• protection: In most cases, savings accounts The believer by FDIC It reaches the federal limit. They are also You cannot lose money Because of the fluctuations in the market, which makes it a low -risk option.

Read more: Can you negotiate a higher savings account rate with your bank?