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%, according to the FDIC.

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Online savings accounts have turned a few taps on a phone into a full banking relationship, often with higher yields than traditional branches and fewer fees. That convenience comes with a tradeoff: your money now lives behind a digital lock that criminals work hard to pick.

The average rate for a savings account right now is just 0.41% APY, according to the latest government data. Yikes. That said, yields among many of the top-earning high-yield savings accounts still promise upwards of 4.25% APY (with at least one paying 10% ...

The Openbank Savings account is an online high-yield savings option that has no monthly fees. You can access banking features, including checking your balance and initiating online transfers, via the Openbank mobile app. You’ll need at least $500 to open ...