Find out if now is the right time to put your money in a savings account. In 2024, the Federal Reserve implemented a series of cuts to the federal funds rate and those rates continued on a downward trend throughout 2025. As a result, deposit interest rates have fallen from their historic highs. Still, it's possible to find high-yield savings accounts paying above 4% APY. So, if you’re looking for the best rates available today, here’s a breakdown of where to find them. What bank currently has the highest ...

Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have been falling, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. Overview of savings interest rates today The national average savings account rate stands at 0.39%, according to the FDIC. This might not seem like much, but consider that three years ag ...

Overview of Savings Interest Rates - The national average savings account rate is currently 0.39%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY [2] Comparison of Savings Account Earnings - A $1,000 deposit at the average interest rate of 0.39% would yield a total of $1,003.91 after one year, resulting in $3.91 in interest [4] - In contrast, a high-yield savings account with a 4% APY would grow the same $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount on Earnings - Depositing $10,000 in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, yielding $408.08 in interest [5]

Once your home equity loan is approved, you'll be sitting on a pile of cash. And depending on your plans, those funds may be in standby mode for several weeks or months. However, letting your cash sit idly could mean missing out on interest earnings in the meantime. So, here's how to maximize the earnings on your home equity loan money until you're ready to spend it. Step 1: Consider your time horizon The lump sum you're given at closing on a home equity loan is likely to be quite sizable. You may int ...

Overview of Savings Interest Rates - The national average savings account rate is currently 0.39%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY [2] Comparison of Savings Account Earnings - A $1,000 deposit at the average interest rate of 0.39% would yield a total of $1,003.91 after one year, resulting in $3.91 in interest [4] - In contrast, a high-yield savings account with a 4% APY would grow the same $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount on Earnings - Depositing $10,000 in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, with $408.08 earned in interest [5]

Key Takeaways After you die, your bank will freeze your savings account to protect your assets and prevent fraud. If you have a will, an executor will administer and distribute your assets. If you don't have a will, your account will be processed through a probate court, and a court-appointed executor will manage your assets. You can avoid probate by setting up joint accounts, payable on death (POD) accounts, or living trusts. To close an account, your bank may require your survivors to provide y ...

Core Insights - The Federal Reserve has cut the federal funds rate three times in 2024 and three times in 2025, leading to a decline in deposit interest rates, including money market account (MMA) rates [1] - The national average rate for MMAs is currently 0.56%, while top high-yield accounts offer rates exceeding 4% APY, significantly above the national average [2][9] Group 1: Money Market Account Rates - The importance of comparing MMA rates is emphasized as they vary widely among banks, particularly online banks and credit unions, which often provide competitive offers [3][4] - Online banks have lower overhead costs due to their web-based operations, allowing them to offer higher deposit rates and lower fees [4] - Credit unions, as not-for-profit entities, also provide competitive rates and fewer fees, although membership requirements may apply [5] Group 2: Benefits and Considerations of Money Market Accounts - Money market accounts are suitable for short-term savings goals, offering higher interest rates than regular savings accounts and easier access to funds compared to CDs [5] - They are considered low-risk and are FDIC-insured up to $250,000 per depositor, per institution, making them safer than money market funds [6] - Many MMAs require a minimum balance to earn the highest advertised rate, and failure to maintain this balance may result in fees or lower rates [6][7] Group 3: Access and Usage of Funds - While MMAs allow for general access to funds, there may be limits on the number of transactions per month, which could be a consideration for those needing frequent access [7] - MMAs are recommended for individuals looking to earn more interest than a regular savings account without locking funds in a CD, provided they can maintain the minimum balance [7][8]

Overview of Savings Interest Rates - The national average savings account rate is currently 0.39%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY [2] High-Yield Savings Accounts - As of February 1, 2026, the highest savings account rate available is 4% APY, offered by institutions such as SoFi, Valley Bank Direct, and Barclays [3] - The interest earned from a savings account is determined by the annual percentage rate (APY), which accounts for the base interest rate and compounding frequency [3] Interest Earnings Examples - A $1,000 deposit at the average interest rate of 0.39% would yield a total of $1,003.91 after one year, resulting in $3.91 in interest [4] - In contrast, a $1,000 deposit in a high-yield savings account at 4% APY would grow to $1,040.81, earning $40.81 in interest over the same period [4] - For a $10,000 deposit in a high-yield savings account at 4% APY, the total balance after one year would be $10,408.08, resulting in $408.08 in interest [5]

Core Insights - The IRS mandates required minimum distributions (RMDs) from traditional retirement accounts starting at age 73 or 75, depending on the year of birth, which can create tax implications for retirees [1] Group 1: RMD Management Strategies - RMDs can be considered a burden if there is no immediate use for the funds, as they are taxed as income. It is advisable to find productive uses for these distributions [2] - One option is to boost emergency savings, as having a cash reserve can protect against unexpected expenses without needing to liquidate investments at an inopportune time [3] - Another strategy is to pay off lingering debts, such as mortgages or car loans, by prioritizing them based on interest rates to reduce financial burdens [4] - Retirees may also consider using RMDs for personal enjoyment, such as purchasing items or experiences that they might otherwise hesitate to buy [5] - Additionally, RMDs can be utilized to fund college savings accounts for grandchildren, alleviating some financial pressure on their parents and contributing to future education costs [6] - Ultimately, while RMDs may feel restrictive, they can be leveraged to enhance financial stability, personal satisfaction, or support for family members [7]

Core Insights - First National Bank of Omaha (FNBO) was established in 1857 and is headquartered in Omaha, Nebraska, providing services online but limited to customers in eight U.S. states [1] Product Overview - FNBO offers various checking accounts, including Access Debit with no monthly fee or minimum balance but no checks or overdraft protection [2] - Free Checking account has no monthly fee or minimum balance but does not earn interest or offer overdraft protection, while providing free checks [3] - Premier Checking account allows deposits to earn 0.02% APY, with a waived monthly fee if an average daily balance of $15,000 is maintained, and includes free checks and overdraft protection [4] - Savings accounts earn interest if linked to an FNBO checking account, with rates depending on deposit amount and location [4] - Money Market account requires a minimum deposit of $1,000 to open, has no monthly fee or minimum balance, and allows six fee-free withdrawals per month [6] - Flex Savings account combines features of a CD and savings account, offering a rate-lock option with a maximum rate of 3.5% for a 3-month lock, and a $25 monthly fee waived with a $1,000 balance [7] - Certificates of Deposit (CDs) can be opened with a minimum of $500, with terms ranging from 91 days to five years and rates up to 3.20% APY [8] Loan Offerings - FNBO provides a variety of loan types, including credit cards with different rewards, personal loans, mortgages, and auto loans [9][13] Customer Service and Mobile Banking - FNBO offers 24/7 customer support via phone and has mobile banking apps for iPhone and Android, with user ratings of 4.6 stars on Google Play and 4.8 stars on the Apple App Store [15] Social and Environmental Impact - FNBO contributed over $7.5 million to nonprofit organizations in 2024, but has received mixed reviews regarding its environmental policies, falling short in climate responsibility according to Bank.Green [16]