The highest savings account rates today: Earn 1.40% APY or more on a high-yield savings account

Savings interest rates have continued to go up throughout 2022. If you're looking for a place to keep your money, a high-yield savings account could be a good choice. 

Our best savings accounts guide and best high-yield savings account guide can be great starting points in your research. But if you prioritize finding the highest rates above all else, then this might have some strong contenders for you.

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What are the interest rates for savings accounts today?

The FDIC keeps tabs on national rates for interest-earning bank accounts. The average interest rate earned by a savings account right now is FDIC National Deposit Savings Rates.

We've been checking over a dozen financial institutions to keep up with their new rate offerings. Our list includes accounts with much higher interest rates than the national average since online institutions tend to offer high-yield bank accounts.

The most competitive high-yield savings accounts pay 1.40% APY or more right now. Keep in mind interest-bearing accounts may change. Savings accounts have a variable interest rate, which means that the rate may fluctuate at any time. 

The Federal Reserve also has recently increased the federal funds rate for the third time this year, so savings interest rates are also expected to steadily increase throughout 2022.

Best savings account interest rates

The BrioDirect High-Yield Savings Account offers the highest interest rate on our list and might be ideal if you can keep at least $25 in your account daily.

The Bread Savings High-Yield Savings Account is another great high-yield savings account. It could be a good choice if you have at least $100 to get started.

If you haven't heard of Bread Savings, you might be familiar with Comenity Direct. Comenity Direct has recently been rebranded because its parent company, Bread Financial, has expanded to include lending options.

The Bask Bank Interest Savings Account is also strong high-yield savings account. It doesn't require a minimum opening deposit and pays Bask Bank Interest Savings Account right now. 

If you're looking for a high-yield savings account with a low minimum opening deposit, you might consider exploring UFB High Yield Savings or the Synchrony High-Yield Savings Account These savings account pay a high interest rate, and you can open an account with $0.

These institutions only have savings accounts, not checking accounts, so you'll need to link an external bank account to access your money. You might consider other banking options if you'd like to also open a checking account or at least have a debit card option.

For example, LendingClub offers checking accounts, savings accounts, and CDs. You may like the LendingClub High-Yield Savings Account if you have at least $100 for a minimum opening deposit. 

If you're comfortable combining your checking and savings into one account, you might consider opening the SoFi Checking and Savings. The hybrid bank account comes with a debit card and you'll be able to earn SoFi Checking and Savings if you set up a direct deposit.

Quontic Bank also has a variety of online bank accounts. You may like the Quontic High Yield Savings Account if you have at least $100 for an initial deposit.