High‑yield savings at 5.00%

Varo’s advertised offer pays 5.00% APY only on balances up to $5,000, then steps down to 3.00% on the excess balance. (primerates.com)) Several other online providers carry high but lower top APYs today — Axos Bank’s ONE Savings at about 4.21% APY, Newtek Bank at 4.20%, Wealthfront at 4.00%, Marcus by Goldman Sachs at 3.90% and Ally Bank around 3.80% in recent rate tables. (primerates.com)) The FDIC’s “national rate” for savings was 0.39% in March 2026, meaning advertised top APYs are running roughly ten times the national average. (fred.stlouisfed.org)) Deposits in those online high‑yield accounts remain protected up to the FDIC standard insurance amount of $250,000 per depositor, per insured bank, per ownership category. (fdic.gov)) The Federal Reserve left its federal‑funds target range at 3.50%–3.75% at the March 18, 2026 FOMC meeting. (federalreserve.gov)) That policy stance followed three rate reductions in 2025 that brought the benchmark down to the current range, a shift that set the backdrop for banks’ deposit pricing. (cnbc.com)) Policymakers signaled uncertainty from geopolitical developments and mixed economic data in March, and at least one Fed official, Vice Chair Michelle Bowman, said she had “penciled in” multiple cuts later in 2026 — a dynamic market watchers say could push top APYs lower if realized. (federalreserve.gov)) Rate trackers and personal‑finance outlets note many of the highest advertised yields are balance‑capped or promotional and recommend locking in current offers while institutions adjust to any future Fed moves. (forbes.com))