Interest rates have come down recently, but does that mean you should keep your savings in an account earning practically nothing? Absolutely not.

The truth is, high-yield savings accounts still offer 8x or more than the national average APY of traditional savings accounts — and that could make a big difference in how fast your savings grow.

With one of these high-yield accounts, you could be earning hundreds of dollars more in interest each year.

In addition to an excellent APY, all of these savings account picks also offer:

No account fees to keep your account open
Low minimum deposit requirements, including a few with a $0 minimum!
FDIC insurance covering up to $250,000 (and, in one case, much more!) per eligible account

Switching to a high-yield account is easier than you think — and it could pay off in a big way. You could get a new account, transfer money, and start earning interest today.

Maximize your savings today — see our top expert picks and get started.

Here’s to smarter saving,

P.S. You should know that we are committed to helping you improve your finances. To that end, if we wouldn’t recommend a financial product to a close family member, we wouldn’t recommend it to you on The Ascent either.

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