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High-Yield Savings Hit 5% APY, Avg Remains 0.38%

4/29/2026

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Story summary
  • High-yield savings accounts from U.S. banks and online lenders reach up to 5.00% APY as of April 27 2026.
  • The FDIC-reported national average stays at 0.38%, far below the new rates.
  • Fixed-rate CDs pay 4.05%-4.10% for six-to-nine months but lock funds until maturity.
  • All accounts are FDIC or NCUA insured up to $250,000, though rates could fall if the Federal Reserve cuts benchmark rates.