The best high-yield savings accounts offer 10 times the national average interest rate. Here are today’s best accounts and highest rates. 10 Best High-Yield Savings Accounts Of May 2026: Up to 5.00% APY - Forbes NerdWallet's list of the best savings accounts feature options with great customer service, higher-than-average interest rates and low or no fees.

Understanding the Context

9 Best Savings Accounts of May 2026: Up to 4.03% - NerdWallet Savings is the money left over after subtracting consumer spending from disposable income. Learn about high-yield savings, CDs, and money market accounts. What is a savings account? A savings account is simply a place for you to put your money and earn some interest.

Key Insights

Savings interest will be paid to you tax-free and most savers won't pay any tax on the interest they earn. Our expert picks for the best high-yield savings accounts earn up to 4.31% APY -- 10x more than the national average. Most accounts here are used personally by our team. High-yield savings options offer rates up to 4.20%, helping you stay ahead of inflation and grow savings faster. There's never been a better time to start saving money.

Final Thoughts

As savings account rates increased by 194% compared to last year, the more pertinent question becomes finding the right place to stash cash. And current offers vary widely. Best Savings Accounts of May 2026 – up to 10.38% - WalletHub To find the best high-yield savings accounts, we rated these institutions on their savings account’s APYs, monthly fees, minimum deposit requirements, access to funds and more. To determine which high-yield savings accounts offer the best return, CNBC Select compared dozens of savings accounts from brick-and-mortar banks, credit unions and online banks.