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 ...

The highest APY available changes frequently. As of December 10, 2025, Digital Federal Credit Union offers 5.00% APY on the first $1,000 deposited. Other institutions offer up to 4.60%, according to ...

Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time ...

If you have a savings account, you might want to know how much you’ll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you might ...

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

This savings account earns a competitive rate and does not charge monthly fees. However, it requires a minimum opening balance of $500. You can access banking features, including checking your balance ...

While we're seeing savings yields slip in the wake of two Federal Reserve rate cuts this year, the earning potential you'll find with a high-yield savings account makes it a money move worth making.

The Federal Reserve announced a cut to its benchmark interest rates yesterday, dropping the Fed rate by 25 basis points to a range of 4.50% to 4.75% — the second time its lowered rates since Sept. 18.

Many Americans in their peak earning years worry about being able to afford retirement. Here are some strategies to make sure ...

Tony Armstrong leads the banking team at NerdWallet. He has covered personal finance for over a decade. Tony began his NerdWallet career as a writer and worked his way up to editor and then to head of ...