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Story summary
- As of April 2026, high-yield savings accounts offer up to 5.00% APY, well above 0.39% national average.
- Online banks often provide these accounts due to lower overhead costs.
- A $5,000 deposit at 5.00% APY yields $256 annually, compared with $22 at 0.40% APY.
- Certificates of deposit (CDs) offer competitive rates, with top options up to 4.20% APY.
- Choosing between high-yield savings and CDs depends on goals and access to funds.
