Though savings accounts offering 5.00% interest rates are rare these days, many savings accounts do offer rates well above 4.00% APY. We compared 73 online acco. Subscribe To Newsletters.

5% APY savings accounts are well above the national average and are an exceptional option to reach your long-term savings goals. As of November 2024, Newtek (5.25% APY), Pibank ...

5 savings accounts paying the highest interest in May 2023 (psst: it’s upwards of 5%) Money pros say you need to know this before moving banks. Updated: May 1, 2023 at 6:38 a.m. ET.

Account Name: APYs (Annual Percentage Yields) are accurate as of 05/28/2025: Minimum Account Opening Balance: Varo Savings Account: 5.00% APY with qualifying deposits on balances up to $5,000 and ...

To earn 5% APY on a savings account, you might need to meet certain requirements on a monthly basis. Here are the most common ...

But it's good to keep some perspective here. Even if the best savings account rate comes down from today's 5.50% to maybe 4.50% by the end of the year or even 3.50% by the end of 2025, these are ...

Now, most of the top savings accounts offer APYs of just under 5% or 4%, While that's still much higher than the FDIC average savings rate of 0.43%, it's clear that savings rates are on the way down.

The eOne Savings Account from Salem Five Direct earns 5.01% APY. All you need to open and start earning is a $10 deposit. There is no ongoing minimum balance requirement and no monthly fees.

The best high-yield savings account still earns 5% APY. The Fed could cut interest rates again this year, so take advantage of high interest rates while they last.

When choosing a 5% interest savings account, it’s important to think about fees, accessibility and additional benefits. Fees and Charges Before opening a savings account , check for any hidden fees.

The Alliant Kids Savings Account has just a $5 minimum balance and a $100 minimum to earn the APY. There is a monthly maintenance fee of $5, but account holders can waive it by opting into ...