Savings rates still near 5%
Top high‑yield savings accounts were paying up to 5.00% APY as of April 13, 2026, well above the national average, while best CD rates were around 4.20% and top money‑market accounts about 4.01% APY. Financial roundups note these products still trade off flexibility for locked yields, depending on whether you pick savings, CDs, or money markets. (fortune.com, finance.yahoo.com)
Online banks are still offering savings yields near 5 percent in mid-April, even after the Federal Reserve paused again in March. (fortune.com) Fortune’s April 13 roundup said the top high-yield savings accounts were paying as much as 5.00 percent annual percentage yield, while the Federal Deposit Insurance Corporation’s national average savings rate for March was 0.39 percent. (fortune.com) (fdic.gov) Money market accounts were a step lower. Yahoo Finance reported top money market rates around 4.01 percent annual percentage yield on April 13, while Forbes listed the best available rate at 4.22 percent on April 14. (finance.yahoo.com) (forbes.com) Certificates of deposit were clustered in the low 4 percent range in mainstream rate tables. Bankrate said its top certificate of deposit rate in April was 4.20 percent, and Forbes said the best certificate of deposit rates reached 4.35 percent in its April survey. (bankrate.com) (forbes.com) The differences come down to access. A high-yield savings account usually lets depositors move cash in and out without locking the rate, while a certificate of deposit trades that flexibility for a fixed term and an early-withdrawal penalty. (consumerfinance.gov) (bankrate.com) A money market account sits between the two. Yahoo Finance said many money market accounts include check-writing or debit-card access, and Forbes said account rules often include higher minimum balances than standard savings accounts. (finance.yahoo.com) (forbes.com) These rates have stayed elevated because the Federal Reserve left its benchmark federal funds rate at 3.50 percent to 3.75 percent on March 18. Deposit rates do not move in lockstep with the Fed, but banks typically compete harder for cash when short-term rates stay high. (federalreserve.gov) (cnbc.com) The gap between top offers and national averages is still wide across products. The Federal Deposit Insurance Corporation’s March national rates were 0.39 percent for savings, 0.56 percent for money market accounts, and 1.52 percent for 12-month certificates of deposit. (fdic.gov) (fred.stlouisfed.org) That leaves savers with a simple April choice: keep cash liquid in a high-yield savings or money market account, or lock a certificate of deposit now and bet that today’s rates will look better if bank yields drift down later this year. (fortune.com) (forbes.com)
