Where your cash actually grows.
Fintiex tracks HYSA, CD, and money market rates from FDIC-insured banks every day. No teaser rates, no minimum-balance tricks. The best APY in the table is genuinely the best APY available right now.
Rate snapshot
Updated todayHighest-yield savings accounts right now
All accounts are FDIC-insured. Rates shown are APY. No paid placements, no affiliate priority.
APY, FDIC, HYSA vs CD. Sorted out.
Three things worth understanding before picking where to park your cash.
APY vs interest rate
The interest rate is the base rate the bank pays. APY (Annual Percentage Yield) compounds that interest over 12 months, showing what you actually earn. A 4.75% rate compounded daily becomes 4.86% APY. Always compare APY, not the nominal rate. All figures in Fintiex rate tables are APY.
FDIC vs NCUA
FDIC (Federal Deposit Insurance Corporation) covers bank deposits up to $250,000 per depositor, per bank. NCUA (National Credit Union Administration) provides equivalent coverage for credit unions. Both are backed by the US government. If you spread money across multiple institutions, you can effectively cover more than $250,000. Verify membership at fdic.gov or ncua.gov before depositing.
HYSA vs CD vs Money Market: how to choose
Use a HYSA for your emergency fund and any cash you might need in the next 3 months. The rate is variable, but your money is always accessible. Use a CD when you can commit cash for a fixed period (3 months to 5 years) and want to lock in a rate, especially before the Fed cuts. CDs usually pay a bit more, but you face an early withdrawal penalty (typically 90 to 180 days of interest) if you pull out early. Money market accounts split the difference: they often come with check-writing privileges and debit cards, with rates between a standard savings account and a HYSA.
Savings by account type and location.
Common questions.
Are HYSA accounts safe?
Yes. All accounts in our HYSA table are FDIC-insured (or NCUA-insured for credit unions), which means your deposits are protected up to $250,000 per depositor, per institution. The insurance is backed by the US government.
How is savings interest taxed?
Interest earned in a HYSA or CD is treated as ordinary income and reported on a 1099-INT form each year. It is taxed at your marginal income tax rate, not the lower capital gains rate. Interest in a Roth IRA HYSA or CD grows tax-free.
Can I lose money in a HYSA?
No, as long as your balance stays within FDIC limits. Your principal is guaranteed. The rate itself can change at any time since most HYSAs are variable, but you will never lose the dollars you deposited.
Why do CDs sometimes pay more than HYSAs?
CDs require you to commit your money for a fixed term. In exchange, the bank offers a guaranteed rate for that period. HYSAs are flexible and variable, so banks price them lower. When the yield curve is inverted, short-term CDs can temporarily yield more than long-term ones.
What is a no-penalty CD?
A no-penalty CD lets you withdraw your full balance before the term ends without forfeiting earned interest. Rates are usually slightly lower than standard CDs, but they combine the rate certainty of a CD with the flexibility of a HYSA.
Is an online bank safer than a brick-and-mortar bank?
Safety comes from FDIC insurance, not branch locations. Online banks and brick-and-mortar banks carry the same $250,000 guarantee. Online banks often pay higher rates because their overhead is lower. Check that FDIC membership is current at fdic.gov before opening any account.
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