Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts are about the same compared to a week ago.

The national average for savings accounts remains 0.40%, according to the Federal Deposit Insurance Corporation (FDIC) as of November 17, 2025. You might find much higher yields from banks and credit unions if you shop around.

The Fed cut rates again yesterday, but today's top high-yield savings accounts continue to offer up to 5.00% APY.

The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.

The rate on a 30-year fixed refinance climbed to 6.45% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.48%, and for 20-year mortgages, the average is 6.

High-yield savings accounts are paying up to 5.00% APY today on the cusp of another Fed rate cut -- compare the top rates still available now.

The Federal Reserve has cut interest rates to a three-year low in a divisive decision as mounting concerns over a weakening US labour market outweighed persistently high inflation. The central bank lowered the benchmark federal funds rate by a quarter point for the third time in a row to a range of 3.