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Story summary
- As of April 2026, high-yield savings accounts offer up to 5.00% APY, well above the national average of 0.38%.
- The top accounts include Varo Money (5.00% APY), Axos Bank (4.21% APY), and Newtek Bank (4.20% APY).
- These accounts are typically offered by online banks and enable savers to earn without stock-investment risk.
- Deposits are insured by FDIC or NCUA up to $250,000.
