High-yield savings accounts: Best rates and top picks for May 2026
High-yield savings accounts are gaining popularity as interest rates remain elevated. The current top rate is 4.21%, significantly higher than the national average of 0.38%. Savers are encouraged to explore various options to maximize their earnings.
- ▪The top available high-yield savings rate is offered by Axos Bank at 4.21%.
- ▪High-yield savings accounts provide rates far above the national average, which is currently 0.38%.
- ▪These accounts are federally insured and designed to help money grow faster without market risk.
3 outlets in our directory ran this story, first to last over 4 days. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ Best money market account rates today, May 21, 2026: Earn up to 4.01% APY — Yahoo Finance
- ▪ High yield savings account — r/personalfinance
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MoneyWatch: Managing Your Money High-yield savings accounts: Best rates and top picks for May 2026 We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications.
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