Learn more With recent interest rate cuts from the Federal Reserve, Americans have seen many savings account rates fall. Now, the national average APY for savings accounts ranges between 0.39% to 0.42%,

CNBC Select has selected the best free budgeting tools for beginners, investors, small business owners and more. (See our methodology for more on how we made our selections.)

This savings account earns a competitive rate and does not charge monthly fees. However, it requires a minimum opening balance of $500. You can access banking features, including checking your balance and initiating online transfers, via the Openbank ...

At the central bank’s final meeting of the year in December, CME Group’s FedWatch tool predicts a 65% chance of another rate cut. If so, that could mean the average national deposit rate for savings accounts — which is currently a dismal 0.40% ...

Miranda Marquit is a staff senior personal finance editor for Buy Side. Staff Personal Finance Editor, Buy Side Valerie Morris is a staff editor at Buy Side and a personal finance expert. High-yield savings accounts can reduce the impact of inflation on ...

Explore high-yield business savings options from digital-first platforms and traditional banks that offer modern, tech-friendly tools. If you’re looking for the best high-yield business savings account, start with the digital banks leading the way in ...

When it comes to building your financial cushion, where you park your money matters almost as much as the amount you put away in your savings account. The problem many savers encounter, though, is that traditional savings accounts at major banks typically ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Chime offers a high-yield savings account with no monthly fees or minimum deposit RgStudio / Getty Images Chime offers a “high-yield ...

Don’t chase perfection, but do try to seek out better savings options. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on ...