Today's Best High-Yield Savings Account Rates on Jan. 13, 2026: Earn Up to 5.00% APY

The best high-yield savings accounts in the U.S. are offering rates up to 5.00% APY as of January 13, 2026. This is significantly above the FDIC's reported national average of 0.39% for traditional savings accounts. Investors are increasingly opting for these high-yield alternatives to maximize returns.

These accounts offer a secure way to grow savings without the risks associated with market investments. The returns can be hundreds of dollars higher annually compared to standard savings accounts, making them a compelling option for a variety of savings goals.

As of now, three accounts stand out for their competitive APYs: Varo Money at 5.00%, Newtek Bank at 4.35%, and Axos Bank at 4.31%. These rates are among the highest in the market and have been verified through ongoing industry data tracking.

Why Did These High-Yield Rates Emerge?

High-yield savings accounts are not a distinct category but rather a term for accounts with notably higher interest rates than average banks offer. The rising rates reflect broader financial trends, including adjustments in the federal funds rate and the ongoing impact of inflation.

The Federal Reserve's interest rate hikes from 2022 to 2024 contributed to rising savings account rates. However, the Fed's rate cuts in 2025 have led to a gradual decline in the highest rates available. Despite this, the top accounts still offer rates above 4%.

How Do These Rates Compare Historically?

Over the last decade, savings rates have fluctuated significantly. Rates were near 0.10% from 2010 to 2015 and dropped further to 0.05% to 0.06% after the 2020 pandemic. The Fed’s response to inflation in subsequent years pushed rates higher but have now stabilized at lower levels.

Fortune, in partnership with Curinos, provides a daily report on the best high-yield savings account rates. This partnership ensures consumers have access to real-time and accurate data without having to research independently.

The Curinos partnership has helped Fortune build a trusted resource for investors. The data is gathered daily and reflects savings and CD rates from a variety of financial institutions, offering a comprehensive view for savers.

What Do These Trends Mean for Savers Now?

While average savings account rates have improved from 2020 lows, they remain far below the high-yield options. For savers seeking to optimize returns, these high-yield accounts provide a low-risk, high-reward solution.

Despite the recent decline in rates due to Fed easing, high-yield savings accounts still offer a strong return. This is particularly true for those who are not seeking the volatility of the stock market and prefer a more stable investment.

What Should Investors Be Watching for in 2026?

Market analysts are closely monitoring the Fed’s policy decisions and their impact on savings account rates. While the highest rates are declining, they remain well above traditional savings account offerings.

Investors should also consider the liquidity and FDIC coverage of these accounts. High-yield savings accounts often provide the same protections as traditional accounts, making them a secure choice for emergency funds and long-term savings.

For those who have traditionally relied on money market accounts for income, the falling interest rate environment may require a re-evaluation of savings strategies. High-yield savings accounts may provide a viable alternative for generating income without exposing capital to market fluctuations.

Financial institutions like Varo, Newtek, and Axos are leading the way in offering competitive rates. These institutions continue to attract savers with their digital-first approach and competitive returns.

The continued use of high-yield savings accounts can help investors build emergency funds, save for vacations, and plan for retirement—all without the typical risks associated with investment vehicles. In summary, investors today have a clear opportunity to take advantage of high-yield savings accounts offering up to 5.00% APY. These accounts provide a secure and efficient way to grow savings in a low-risk environment.