High-Yield Savings Account Rates Today: January 23, 2025 - Forbes

Jan 23, 2025 · Here are today’s best rates and the current average yields for traditional savings accounts and high-yield savings accounts.

CouponFollow Extension

00%
OFF

Money Market Interest Rates Today: January 23, 2025 - Forbes

3 weeks from now

Jan 23, 2025 · Current Money Market Rates As of today, the highest money market rate is 5.00%, compared to a national average rate of 0.54%. Here are today’s money market account rates: …

forbes.com

75%
OFF

Best Savings Interest Rates Today, January 23, 2025 (top Account …

3 weeks from now

As of January 23, 2025, the highest savings account rate offered by our partners is 4.75% APY. This rate is offered by Openbank and there is a $500 minimum opening deposit required.

yahoo.com

75%
OFF

Money Market Account Rates Today, January 23, 2025 (earn Up To …

3 weeks from now

Jan 23, 2025 · Best savings interest rates today, January 23, 2025 (top account pays 4.75% APY) If you’re on the hunt for today’s best savings interest rates, we’ve narrowed down some of the …

yahoo.com

5%
OFF

Today’s CD Rates: January 27, 2025—Earn 5% And Up - Forbes

3 weeks from now

5 days ago · The best interest rates on CDs—certificates of deposit—range as high as 5.25% today, which is far higher than CD rates were a few years ago. Here’s an overview of the best …

forbes.com

55%
OFF

How To Profit From The Fed’s Latest Interest Rate Pause

3 weeks from now

2 days ago · Most people with savings accounts at the biggest banks settle for paltry returns on their money — the national average interest rate on savings accounts is just 0.55%, according …

cnn.com

02%
OFF

CD Rates Today: January 31, 2025 – Forbes Advisor

3 weeks from now

1 day ago · The best interest rates on CDs—certificates of deposit—pay up to 5.02% today, based on certificate term lengths. Here’s an overview of how CD rates are changing, followed …

forbes.com

FAQs about High-Yield Savings Account Rates Today: January 23, 2025 - Forbes Coupon?

Are high-yield savings accounts variable?

Because interest rates offered by high-yield savings accounts are variable, they can change at any time. You can compare high-yield savings accounts by the interest rate they offer, their minimum balance or deposit requirements, their fees and the access they give you to your money. ATM card with savings account? ...

Are high-yield savings accounts still a good investment?

Though interest rates are beginning to decline due to the Federal Reserve’s rate cuts of 0.50% on Sept. 18 and 0.25% on Nov. 7, they are still on the high end for high-yield savings accounts. These accounts offer the functionality of traditional savings accounts but receive a much higher interest rate to grow your balances. ...

What is the average APY for a high-yield savings account?

The average APY for those accounts is now 0.24% APY, about the same as a week ago. On high-yield savings accounts with a minimum opening deposit of $25,000, the highest rate offered today is 4.97%. You’ll be in good shape if you can find an account offering a rate close to 4.97%. Last week at this time, the best rate was a similar 4.97%. ...

Are banks lowering interest rates on high-yield savings accounts?

After the Federal Reserve cut interest rates by 0.5% on Sep. 18, banks have started lowering the rates they offer on their high-yield savings accounts. Even still, the top rates currently range from 4% to above 5% APY, which is much higher than the national average savings rate of just 0.45% APY. ...

Do high-yield savings accounts drop in value?

Cash doesn't drop in value, and most high-yield savings accounts are FDIC-insured up to $250,000 per account type. These are called "high-yield" savings accounts for a reason; regardless of what the Fed does, these accounts will likely continue to pay higher rates than most other checking and savings accounts. ...

Should I open a high-yield savings account?

If your bank's interest rates are not competitive, consider opening a new high-yield savings account. †The annual percentage yield (APY) is accurate as of January 24, 2025 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. ...