Savings account interest rates change often, so it’s not uncommon for the banks with the best rates to differ month-to-month.

Key takeawaysThe best high-yield savings accounts typically offer significantly higher APYs than traditional savings accounts ...

Consider that in an era when many higher-yielding savings products are offering around 4% on your cash, the industry average for savings accounts is actually significantly lower — 0.59% ...

Top-yielding online savings accounts currently pay more than 4%, on average, according to Bankrate — well above the annual rate of inflation.

Consider that in an era when many higher-yielding savings products are offering around 4% on your cash, the industry average for savings accounts is actually significantly lower — 0.59% ...

Consider that in an era when many higher-yielding savings products are offering around 4% on your cash, the industry average for savings accounts is actually significantly lower — 0.59% ...

Consider that in an era when many higher-yielding savings products are offering around 4% on your cash, the industry average for savings accounts is actually significantly lower — 0.59% ...