The average U.S. savings account APY is 0.41% as of Apr. 21, 2025, according to the Federal Deposit Insurance Corp. (FDIC). But you should aim a lot higher than that.

CNET reviewed savings accounts at more than 50 traditional and online banks, credit unions and financial institutions with nationwide services. Each account received a score between one (lowest ...

The best high-yield savings accounts on the market earn around 10 times the national average savings rate of 0.46%, meaning you could earn around $460 in interest on a $10,000 deposit after one year.

1. Synchrony High-Yield Savings Account - Rates and details as of 6/9/25 APY: Great. Why we like it: A strong yield, access to ATMs and few fees.

If you’re trying to build your savings, you’ll want to make sure your account does the following. 1. It Should Offer a Competitive Return on Your Money ...