The Federal Reserve's rate increase pushes savings yields higher and borrowing costs up. Here's how the decision affects ...

After a new Fed rate hike, will a CD or a high-yield savings account be better for savers? Here's what to consider.

There are multiple timely reasons supporting the opening of a high-yield savings account that savers should know.

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Amanda Bellucco-Chatham is an editor, writer, and fact-checker with years of ...

Not every savings account will be well-positioned to take advantage of a potential Fed rate hike later this month.

Brick-and-mortar banks can have hundreds or even thousands of physical branches. Many people value the face-to-face customer service, community trust and large ATM networks they offer.

The national average savings account interest rate is 0.38% as of August 2026, per FDIC data. See how rates have changed and ...