"Maximizing Your Savings: Top Rates and Options in Today's Market"

The highest nationwide savings account rate remains at 5.02% APY, despite the Federal Reserve raising interest rates. Many of the best-paying institutions for high-yield savings accounts are internet-only banks or online divisions of brick-and-mortar banks. Savings account interest rates may be at or near the highest rate they'll hit for some time to come, as the Fed's rate-hiking campaign is likely coming to an end. Depositing savings in a certificate of deposit can prolong record returns, but early withdrawal penalties apply.