The best savings accounts pay about 3.10% to 4.00% APY in September 2026, against an FDIC national average of 0.37% for savings. This guide brings together everything on savings accounts: which accounts pay the most, how high-yield savings works, money market accounts, calculators, and where to keep money for each goal.
Best Savings Accounts and Current Rates
Our comparison of the best savings accounts checks each bank’s rate against its own site and shows minimums, fees and promotional terms side by side. Related comparisons:
- Savings accounts with no minimum balance, for starting small
- Minimum deposits by bank: what each account needs to open and to earn its top rate
- Kids’ savings accounts
- What is a good savings interest rate? and the savings rate tracker for how rates compare with the national average over time
- What a Fed rate decision means for your savings account
High-Yield Savings Accounts
A high-yield savings account is an ordinary FDIC-insured savings account that pays far more than average, almost always at an online bank.
- What is a high-yield savings account? How they work, who offers them, and the trade-offs
- How to choose a high-yield savings account: the checks that matter beyond the headline rate
- The best high-yield savings account for an emergency fund
- Cash management account vs high-yield savings and HYSA vs Treasury bills
- Account reviews: Wealthfront Cash, Betterment vs Wealthfront, CIT Bank, Apple Savings, Cash App Savings
Money Market Accounts
- Best money market accounts and current rates
- Money market vs savings account, including high-yield savings
- Money market account minimums by bank
- More on how money market accounts work in our money market accounts guide
Savings Account Basics
- What is a savings account? and the types of savings accounts
- How to open a savings account, online or at a branch
- APY vs APR
- Can you have multiple savings accounts?, including joint savings accounts
- Can you overdraft a savings account?
- How to cash a savings bond
Where to Keep Your Money and How Much to Save
- Where to keep your money: the right account for each goal
- Savings strategy by goal timeline
- How much money to keep in savings
- How to make a savings plan
- Average savings by age
- Emergency fund: how much you need and where to keep it and emergency savings by income
Savings Calculators
- Savings interest calculator: interest on any balance, the formula and compounding
- Savings goal calculator: how long to reach a target
- How much $10,000 earns in a savings account
Savings vs CDs vs Money Market
| High-yield savings | Money market account | CD | |
|---|---|---|---|
| Access to money | Any time (some banks limit monthly withdrawals) | Any time, often with checks or a debit card | Early withdrawal penalty |
| Rate | Variable | Variable | Fixed for the term |
| FDIC insured | Yes | Yes | Yes |
| Typical use | Emergency fund, short-term goals | Emergency fund you may pay from directly | Money you won’t need for a set period |
For CDs, see our CD guide and CDs vs savings accounts.
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