{"id":394,"date":"2025-10-20T09:55:09","date_gmt":"2025-10-20T09:55:09","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=394"},"modified":"2025-10-20T12:07:50","modified_gmt":"2025-10-20T12:07:50","slug":"high-yield-savings-account-rates-today-october-20-2025-rates-are-steady","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/10\/20\/high-yield-savings-account-rates-today-october-20-2025-rates-are-steady\/","title":{"rendered":"High-Yield Savings Account Rates Today: October 20, 2025 \u2013 Rates Are Steady"},"content":{"rendered":"<div class=\"key-takeaways-wrapper exclude-eds\">\n<h2 class=\"key-takeaways-wrapper__title\">Key Takeaways<\/h2>\n<div class=\"key-takeaways-content block-contents\">\n<ul>\n<li>Savings account yields are much higher than a few years ago&nbsp;<\/li>\n<li>Top rates may fall if the Federal Reserve cuts interest rates&nbsp;<\/li>\n<li>Online banks tend to offer the best yields available<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Rates on savings accounts are relatively unchanged since a week ago. You can now earn up to 5.50% on your savings.<\/p>\n<p>Searching for an account where you can put some money aside? Here&#8217;s a look at some of the best savings rates you can find today.<\/p>\n<p><strong>Related:<\/strong> <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;Find the Best High-Yield Savings Accounts Of 2025&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a href=\"https:\/\/www.forbes.com\/advisor\/banking\/savings\/best-high-yield-savings-accounts\/\" target=\"_blank\" rel=\"noopener\">Find the Best High-Yield Savings Accounts Of 2025<\/a><\/span><\/p>\n<div style=\"min-height:333px\" id=\"datawrapper-vis-uKTj2\"><img src=\"http:\/\/www.capitalskips.com\/wp-content\/uploads\/2025\/09\/full-28.png\" alt=\"Highest Savings Account Rates Today (Table)\" \/><\/div>\n<h2 class=\"wp-block-heading\">Traditional Savings Account Rates Today<\/h2>\n<p>Traditional savings accounts, called &#8220;statement savings accounts&#8221; within the banking industry, were notorious for paying meager interest in the aftermath of the Great Recession. Rates have been on the rise in recent years, and you can earn even more if you know where to look. For instance, <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;online banks&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>online banks<\/a><\/span> and credit unions often pay much higher rates than brick-and-mortar banks.<\/p>\n<p>The highest yield on a standard account with a $2,500 minimum deposit is 5.84%, according to data from Curinos. If you spot a basic savings account with a comparable rate, you&#8217;ve found a good deal. Last week, the highest yield was 5.84%.<\/p>\n<p>Today&#8217;s <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;average APY&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>average APY<\/a><\/span> for a traditional savings account is 0.22%, Curinos says. APY, or annual percentage yield, reflects the actual return your account will earn in a year. It includes compound interest, which is interest that builds on the interest already in your account.<\/p>\n<h2 class=\"wp-block-heading\">High-Yield Savings Account Rates Today<\/h2>\n<p><span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;High-yield savings accounts&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>High-yield savings accounts<\/a><\/span> often pay much more interest than conventional savings accounts. But the trade-off is you may have to jump through some hoops to earn that higher rate, such as becoming a member of a <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;credit union&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>credit union<\/a><\/span> or putting down a large deposit.<\/p>\n<p>On high-yield accounts requiring a minimum deposit of $10,000, today&#8217;s best interest rate is 4.88%. That&#8217;s about the same as one week ago.<\/p>\n<p>The average APY for those accounts is now 0.23%, unchanged from a week ago.<\/p>\n<p>On high-yield accounts requiring a minimum deposit of $25,000, the highest available rate today is 4.22%. You&#8217;ll be in good shape if you can find an account offering a rate close to that. That&#8217;s about the same as one week ago.<\/p>\n<p>The current average APY for those accounts is now 0.25%, unchanged from a week ago.<\/p>\n<h2 class=\"wp-block-heading\">National Average Savings Account Yields<\/h2>\n<p>Here&#8217;s an overview of how the national average APY on savings accounts has changed over the past few years.<\/p>\n<div style=\"min-height:461px\" id=\"datawrapper-vis-TtXRy\"><img src=\"http:\/\/www.capitalskips.com\/wp-content\/uploads\/2025\/09\/full-29.png\" alt=\"National Average Savings Yields (Line chart)\" \/><\/div>\n<div style=\"margin-bottom: 20px\"> <\/div>\n<h2 class=\"wp-block-heading\">This Week&#8217;s Best High Yield Savings Accounts<\/h2>\n<p>Here&#8217;s an overview of the current APYs available from some of today&#8217;s best high-yield savings accounts.<\/p>\n<div style=\"min-height:576px\" id=\"datawrapper-vis-GAlSR\"><img src=\"http:\/\/www.capitalskips.com\/wp-content\/uploads\/2025\/09\/full-30.png\" alt=\"\"><\/img><\/div>\n<div style=\"margin-bottom: 20px\"><\/div>\n<h2 class=\"wp-block-heading\">How To Choose a Savings Account<\/h2>\n<p>To find the best savings account for your needs, you first must answer the question: What exactly are you looking for? And you must realize that different types of accounts have trade-offs.<\/p>\n<p>If you want to open an account at a traditional bank with branches, that will likely rule out the best interest rates, which are typically available at <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;online-only banks&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a>online-only banks<\/a><\/span>. Many traditional savings accounts at brick-and-mortar banks earn just 0.01% or 0.02% APY, while some online-only savings accounts earn more than 4.00% APY.<\/p>\n<p>Don&#8217;t settle on any option until you&#8217;re certain you have a good grasp on the fees you&#8217;ll be charged. Savings accounts can ding you with monthly service fees, excess withdrawal fees and returned item fees (if you deposit checks that bounce), among others. Those charges add up and can gnaw away at your savings.<\/p>\n<p>As you shop around, check the reviews and ratings of financial institutions and make sure you choose one that will protect your money with federal insurance\u2014from the FDIC or, in the case of credit unions, the NCUA.<\/p>\n<h2 class=\"wp-block-heading\">Methodology<\/h2>\n<p>Curinos determines the average rates for savings accounts by focusing on those intended for personal use. Certain <span data-ecom-container=\"{&quot;componentTitle&quot;:&quot;types of savings accounts&quot;,&quot;componentType&quot;:&quot;Incontent Link&quot;}\"><a href=\"https:\/\/www.forbes.com\/advisor\/banking\/savings\/types-of-savings-accounts\/\" target=\"_blank\" rel=\"noopener\">types of savings accounts<\/a><\/span>\u2014such as relationship-based accounts and accounts designed for youths, seniors and students\u2014are not considered in the calculation.<\/p>\n<div id=\"embed-ui-widget-iframe-68f61997d5050-container\" style=\"width:100%;overflow:hidden\" data-ecom-container=\"{&quot;componentTitle&quot;:&quot;&quot;,&quot;componentType&quot;:&quot;Embed UI Widget&quot;}\"><\/div>\n<div id=\"cta-builder\" class=\"cta-builder exclude-eds default dark-mode\" data-ecom-container=\"{&quot;componentTitle&quot;:&quot;Find The Best High-Yield Savings Accounts Of 2025&quot;,&quot;componentType&quot;:&quot;CTA Builder&quot;}\">\n<div class=\"cta-builder__wrap \" data-ecom-product=\"{&quot;itemId&quot;:&quot;&quot;,&quot;itemName&quot;:&quot;Find The Best High-Yield Savings Accounts Of 2025&quot;,&quot;itemBrand&quot;:&quot;&quot;,&quot;itemCategory&quot;:&quot;Banking&quot;,&quot;itemCategory2&quot;:&quot;&quot;,&quot;itemCategory3&quot;:&quot;&quot;,&quot;itemCategory4&quot;:&quot;&quot;,&quot;price&quot;:0,&quot;quantity&quot;:1,&quot;affiliation&quot;:&quot;&quot;,&quot;coupon&quot;:&quot;&quot;,&quot;secondaryCallout&quot;:&quot;&quot;,&quot;initialCost&quot;:0,&quot;subscriptionCost&quot;:0}\">\n<div class=\"left\">\n<h2 class=\"cta-builder__title\">Find The Best High-Yield Savings Accounts Of 2025<\/h2>\n<p class=\"cta-builder__desc\">\n<\/div>\n<div class=\"right\">\n\t\t\t<a href=\"https:\/\/www.forbes.com\/advisor\/banking\/savings\/best-high-yield-savings-accounts\/\" class=\"cta-builder__btn cta-builder-button\" data-nofollow=\"false\" data-component=\"Default with Blue Background\" data-cta-placement=\"Button Link\" style=\"background-color:#13B698\" data-trellis-widget-wrapper-id=\"68f61997d50a2\" data-ecom-link=\"{&quot;clickText&quot;:&quot;Learn More&quot;,&quot;clickCat&quot;:&quot;Primary&quot;,&quot;clickUrl&quot;:&quot;https:\/\/www.forbes.com\/advisor\/banking\/savings\/best-high-yield-savings-accounts\/&quot;,&quot;clickType&quot;:&quot;internal&quot;}\"><br \/>\n\t\t\t\t<span>Learn More<\/span><br \/>\n\t\t\t<\/a>\n\t\t<\/div>\n<\/div>\n<\/div>\n<h2 class=\"faq-title\" id=\"\">\n\tFrequently Asked Questions (FAQs)<br \/>\n<\/h2>\n<div class=\"main-faqs\">\n<div class=\"faqs\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">What is a good interest rate for a savings account?\u00a0<\/h3>\n<\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>The best high-yield savings account pays 5.50% now, according to Forbes Advisor data, so you&#8217;ll want to aim for an account that delivers a yield in that ballpark.\u00a0<br \/>\u00a0<br \/>But rates aren&#8217;t everything. You want an account that charges few fees, offers great customer service and has a track record of being a stable institution.<\/p>\n<\/div>\n<\/div>\n<div class=\"faqs\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">How are savings account interest rates determined?<\/h3>\n<\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>Savings yields are variable and can change depending on economic conditions or a bank&#8217;s particular financial need. Usually rates are influenced by the federal funds rate, meaning that a bank tends to raise or lower its rates along with the Fed.\u00a0<br \/>\u00a0<br \/>Online banks and credit unions tend to offer the best yields because they can pass along savings from low overhead while also striving to attract new customers.\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Savings account yields are much higher than a few years ago&nbsp; Top rates may fall if the Federal Reserve cuts interest rates&nbsp; Online banks tend to offer the best yields available Rates on savings accounts are relatively unchanged since a week ago. You can now earn up to 5.50% on your savings. Searching [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[],"_links":{"self":[{"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/posts\/394"}],"collection":[{"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/comments?post=394"}],"version-history":[{"count":3,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/posts\/394\/revisions"}],"predecessor-version":[{"id":397,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/posts\/394\/revisions\/397"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/media\/258"}],"wp:attachment":[{"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/media?parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/categories?post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.capitalskips.com\/index.php\/wp-json\/wp\/v2\/tags?post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}