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So𝓀me Big Banks Pay Almost Nothing on Saving𒀰s Accounts—But You Can Shop for a Better Rate

The very best high-yield savings account rates are typically found at online banks, where you can earn up to 澳洲幸运5官方开奖结果体彩网:a whopping 5.55% APY right now with the top♚ offer. In addi🌊tion, more than a dozen additional options pay 5.25% or better.

But if you feel more comfortable depositing your savings with a familiar brand-name bank, earning a respectable rate is not impossible. However, it is critical you shop around since some of the biggest U.S. banks pay interest rates that are virtually zero. Moving your money to a savings account at one of these banking giants without doing your homework could be a costl💖y mistake.

Below, you can see how much the five largest U.S. banks pay on their savings accounts and the rates from select other banks among the top 30 biggest institutions. While all of these are less than what you can earn by shopping from our ranking of the top 澳洲幸运5官方开奖结果体彩网:high-yield savings accounts, you can still earn many times the national average if you take a little time to shop around.

These Big Banks Also Offer Competitive CDs

If you can stash some of your savings away for months or years, opening a 澳洲幸运5官方开奖结果体彩网:certificate of deposit (CD) is a smart move right now. CDs are paying near their highest rates in 20 years, and in exchange for keeping your money in tಌhe CD for the term you choose, your rate is guaranteed until the CD matures. This differs from a sa🅘vings account, which has a variable rate the bank can lower at any time.

Right now, the leader in our 澳洲幸运5官方开奖结果体彩网:daily ranking o♋f the top nationwide C𒁏Ds pays 6.00% APY, with another dozen offering rates of 5.40% and up. But again, if you prefer to stick to a very big bank, the nine large U.S. banks below currently offer both a savings account rate in the 4% to 5% range and at least one CD paying a𝐆 reasonably competitive rate.

�💧� Big Banks With Both Competitive Savings Accounts and CDs

Big Banks With Competitive CDs—Bu🐬t a Near-Zero Savings Rate

If you have your checking account with one of the banking giants below, you have easy access to a handful of CDs paying reasonably competitive rates. But just remember that what you can earnও on the savings account at these banks is a pittance. So, if you open one of these CDs, consider keeping your accessible savings somewhere else.

Want to ꩲEarn More? Smaller Institutions Pay the Tip-Top Rates

Want instead to earn one of the nation's very top rates? You can do that by loosening your criteria on how big or recognizable the bank is. More than 100 banks and 澳洲幸运5官方开奖结果体彩网:credit unions offer high-yield savings accounts to customers nationwide, and about 200 offer nationally available CDs. So, the 30 largest banks are just a fraction of the marketplace. By being willing to ba🔴nk at a medium-sized or even small institution—after ensuring it is federally insured—you can earn the highest rates available.

Our daily ranking of the best high-yield savings account rates currently includes 14 options that pay 5.25% APY or better, including a national leader that's 澳洲幸运5官方开奖结果体彩网:paying a record rate of 5.55% APY. This is estimated to be the highest savings account rate offered in more than 20 years.

Our daily ranking of the best CD rates, meanwhile, includes more than two dozen CDs paying 澳洲幸运5官方开奖结果体彩网:between 5.35% and 6.00%, w🉐ith terms ranging from 3 months to 13 months. For a longer rate lock, check out the CDs that last up to 3 years at 5.00% or better.

If you're in the market for an even longer CD term, you're in luck if you prefer going with a very large bank. That's 🌱because the nation-leading 5-year return is off💎ered by , the online-only arm of banking giant BMO. You can also score the second-highest 4-year rate with BMO Alto.

How We Find the Best Savings and CD Rates

Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs and savings accounts to customers nationwide and determines daily rankings of the top-paying accounts. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), and the account's minimum initial deposit must not exceed $25,000.

Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don't meet other eligibility criteria (e.g., you don't live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, 澳洲幸运5官方开奖结果体彩网:read our full methodology.