You can open a high-yield savings account today and start earning more on the money you save.
It’s usually a wise idea to save money now for expenses you may face in the future. After all, you never know when a financial emergency might happen. And when one does, you’ll likely want a financial safety net to fall back on.
„Things are going to happen“, says William Thompson, CFP and financial planner at Valor Wealth Partners, LLC. „Whether it’s job loss, an appliance needs replacing or the car breaks down, you need to have funds that can be tapped into quickly to respond to these issues without having to use high-interest credit cards.“
If you’re looking for a safe place to store your emergency fund, a savings account is a strong bet. Not only are these accounts safe, but they offer interest that could give your savings a boost — meaning you’ll be more prepared for the next rainy day.
How much interest you can earn, however, depends on where savings rates currently stand.What are today’s savings interest rates?
The national average savings account interest rate is 0.41% as of March 26, 2025, according to the latest numbers available from the FDIC. You can earn exponentially more than that by opening a high-yield savings account, however. Bankrate reports that top high-yield savings account rates for March 2025 are between 4.28% and 4.75%. And if you shop around, you may find an account that offers an even higher rate than that.
Explore today’s rates here to find the account that will earn you the most!How to get a good savings account rate
Here’s how you can secure the best rate available for your savings balance today.
