With tariffs threatening to increase apparel costs by up to 140%, now is the time to prepare your wardrobe—and wallet—for the impact these price hikes could have on your budget.
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Advertising Disclosure: When you buy something by clicking links within this article, we may earn a small commission, but it never affects the products or services we recommend. The rising cost of clothing might soon hit your wallet harder than expected. Recently announced tariffs on imports from major manufacturing countries like China, Vietnam, and Bangladesh could significantly increase what…
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Right now, 6-month certificates of deposit (CDs) offer some of the best CD rates you can find. They currently pay more than CDs with terms of a year or more.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Today’s high CD rates may not last long, though. The Federal Reserve predicts that it will cut the federal funds rate twice in 2025 — and it may start as soon as mid-June. When that happens, CD rates will drop soon after, too.Should you invest in 6-month CDs now? Let’s look at how much you could earn, as well as some good reasons to open a CD — or not.How much would $10,000 earn in a 6-month CD now?CD rates vary widely from bank to bank, but the best 6-month CD rate you can get now is about 4.50%. If you deposited $10,000 at that rate, you’d earn $222.52 by the time the CD matured.The average 6-month CD rate is closer to 2.00%, though. At that rate, your $10,000 deposit would only earn $100 in interest. So make sure you shop around for the best possible rate before you invest.Should you open a 6-month CD in April 2025?A 6-month CD is a good idea if…You have some money you want to keep safe, with zero risk of losing your principalYou won’t need to touch the money for the full six monthsYou want to protect your APY from near-term rate dropsIf all the above are true, then opening a 6-month CD may be the right call. Nobody expects CD rates to go up any time soon, so if you’re ready to open a CD, now looks like a good time to pull the trigger.You may even want to lock in today’s rates for a year or longer. Longer-term CDs don’t pay quite as much as 6-month CDs now, but their rates are still guaranteed to last for the duration of the CD term — up to 10 years, in some cases. Check out our list of the best CD rates to find the best option for your needs.An alternative to considerCDs are great for money you need to keep safe while earning a solid APY. However, they’re not great for money that you might need at any time. If you have to withdraw your deposit early, you’ll likely sacrifice some of the interest you’ve earned.High-yield savings accounts are more flexible, and they pay similar rates to CDs right now. Our favorites pay between 3.60% and 4.40%.Here’s how much a $10,000 deposit would earn in six months at those rates:3.60%: $1814.40%: $222You’d earn nearly as much as you would with a 6-month CD — and you’d be able to withdraw, deposit, and transfer money at any time. That makes a high-yield savings account the perfect place for your emergency savings and any other cash that you may need on short notice.If you want to earn up to 4.40% on your savings, then check out our list of the best high-yield savings accounts.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.James McClenathen has no position in any of the stocks mentioned. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Image source: Getty Images
Right now, 6-month certificates of deposit (CDs) offer some of the best CD rates you can find. They currently pay more than CDs with terms of a year or more.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Today’s high CD rates may not last long, though. The Federal Reserve predicts that it will cut the federal funds rate twice in 2025 — and it may start as soon as mid-June. When that happens, CD rates will drop soon after, too.
Should you invest in 6-month CDs now? Let’s look at how much you could earn, as well as some good reasons to open a CD — or not.
How much would $10,000 earn in a 6-month CD now?
CD rates vary widely from bank to bank, but the best 6-month CD rate you can get now is about 4.50%. If you deposited $10,000 at that rate, you’d earn $222.52 by the time the CD matured.
The average 6-month CD rate is closer to 2.00%, though. At that rate, your $10,000 deposit would only earn $100 in interest. So make sure you shop around for the best possible rate before you invest.
You have some money you want to keep safe, with zero risk of losing your principal
You won’t need to touch the money for the full six months
You want to protect your APY from near-term rate drops
If all the above are true, then opening a 6-month CD may be the right call. Nobody expects CD rates to go up any time soon, so if you’re ready to open a CD, now looks like a good time to pull the trigger.
You may even want to lock in today’s rates for a year or longer. Longer-term CDs don’t pay quite as much as 6-month CDs now, but their rates are still guaranteed to last for the duration of the CD term — up to 10 years, in some cases. Check out our list of the best CD rates to find the best option for your needs.
An alternative to consider
CDs are great for money you need to keep safe while earning a solid APY. However, they’re not great for money that you might need at any time. If you have to withdraw your deposit early, you’ll likely sacrifice some of the interest you’ve earned.
High-yield savings accounts are more flexible, and they pay similar rates to CDs right now. Our favorites pay between 3.60% and 4.40%.
Here’s how much a $10,000 deposit would earn in six months at those rates:
3.60%: $181
4.40%: $222
You’d earn nearly as much as you would with a 6-month CD — and you’d be able to withdraw, deposit, and transfer money at any time. That makes a high-yield savings account the perfect place for your emergency savings and any other cash that you may need on short notice.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.James McClenathen has no position in any of the stocks mentioned. The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.
[[{“value”:”Image source: Getty Images
The best CD rates today are those between 4.50% and 4.65%. These rates can be found on short-term CDs — usually those 12 months or fewer.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. With possible Fed cuts on the way, now’s the time to jump in. Secure the best rates before they fall.We’ve put together a list of today’s top CD rates for you. Look them over and see which fits your needs.BankAPYTermMinimum DepositOMB4.65%7 Months$1,000United Fidelity Bank4.60%10 Months$1,000T Bank4.60%6 Months$500Brilliant Bank4.55%9 Months$1,000T Bank4.50%12 Months$500Data source: Issuing banks. Rates are accurate as of April 21, 2025.Why we picked these CDsThe CDs in our list above offer extremely competitive rates with APYs among the highest we found. They have low minimum deposits, allowing you to start with as little as $500, unlike some CDs that require a minimum deposit of $5,000 or more.Additionally, these CDs are available nationwide and are offered by banks that anyone in the U.S. can join without dealing with the membership requirements a lot of credit unions impose. One final perk: Each of these CDs can be easily opened online, directly from the bank issuer’s website. It’s never been quicker to get started.While the CDs above offer some of the most competitive rates available today, they’re not the only strong options worth considering. Discover offers a solid alternative, with CDs that are budget friendly, easy to open, and are available in a huge variety of terms. If you value a smooth online experience and the recognition of a trusted digital bank, they’re worth a look. Explore Discover® Bank rates here.Should you open a CD?Even though CD rates have decreased since mid-2024, they remain competitive. While the Federal Reserve has decided to keep the federal funds rate unchanged for now, many experts anticipate that rate cuts are likely to occur as we move further into 2025.Now could be an excellent time to lock in a CD if:You want safe, guaranteed returns on your cashYou want to protect your savings from the possibility of near-term interest rate cutsThe best CDs are backed by FDIC insurance, which protects deposits of up to $250,000 per person, per bank, in case of a bank failure. Although CDs present minimal risk, other investment avenues like the stock market might provide opportunities for higher returns.How to open a certificate of depositWhen you’re ready to open a CD, just follow these easy steps:Pick a bank: Look up banks to see which one offers the best CD rates and terms.Go online: Visit the bank’s site and find the Certificate of Deposit section under personal banking.Choose your CD: Select the CD that fits you and start the online application for a new account.Fill in details: Enter your personal info and pick a way to fund your CD from your bank account.Check terms and apply: Read the CD terms, especially about any early withdrawal fees, then submit your application.Note maturity date: Mark when your CD matures so you know when you need to either withdraw or reinvest your money.That’s all it takes!Remember, each CD allows only one deposit. Plan your amount wisely. When you’re ready, click here to explore the best CD rates and open a high-yield CD today.Earn up to 4.40% APY without restricting access to your fundsThe best high-yield savings accounts offer more flexibility, less commitment, and allow you to:Deposit and withdraw money whenever you want.Quickly transfer money to other accounts.Leave your cash on deposit as long (or not) as you want.Savings accounts have changing interest rates, so banks can adjust your rate whenever they want. However, high-yield savings accounts now offer great rates similar to the top CDs, so you can keep flexibility without losing much interest.If you want to earn a competitive APY without losing access to your cash for a minimum of several months, check out our list of the best high-yield savings accounts.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of Motley Fool Money. James McClenathen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and Uber Technologies. The Motley Fool recommends Barclays Plc and Discover Financial Services. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Image source: Getty Images
The best CD rates today are those between 4.50% and 4.65%. These rates can be found on short-term CDs — usually those 12 months or fewer.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
With possible Fed cuts on the way, now’s the time to jump in. Secure the best rates before they fall.
We’ve put together a list of today’s top CD rates for you. Look them over and see which fits your needs.
Bank
APY
Term
Minimum Deposit
OMB
4.65%
7 Months
$1,000
United Fidelity Bank
4.60%
10 Months
$1,000
T Bank
4.60%
6 Months
$500
Brilliant Bank
4.55%
9 Months
$1,000
T Bank
4.50%
12 Months
$500
Data source: Issuing banks. Rates are accurate as of April 21, 2025.
Why we picked these CDs
The CDs in our list above offer extremely competitive rates with APYs among the highest we found. They have low minimum deposits, allowing you to start with as little as $500, unlike some CDs that require a minimum deposit of $5,000 or more.
Additionally, these CDs are available nationwide and are offered by banks that anyone in the U.S. can join without dealing with the membership requirements a lot of credit unions impose. One final perk: Each of these CDs can be easily opened online, directly from the bank issuer’s website. It’s never been quicker to get started.
While the CDs above offer some of the most competitive rates available today, they’re not the only strong options worth considering. Discover offers a solid alternative, with CDs that are budget friendly, easy to open, and are available in a huge variety of terms. If you value a smooth online experience and the recognition of a trusted digital bank, they’re worth a look. Explore Discover® Bank rates here.
Should you open a CD?
Even though CD rates have decreased since mid-2024, they remain competitive. While the Federal Reserve has decided to keep the federal funds rate unchanged for now, many experts anticipate that rate cuts are likely to occur as we move further into 2025.
Now could be an excellent time to lock in a CD if:
You want safe, guaranteed returns on your cash
You want to protect your savings from the possibility of near-term interest rate cuts
The best CDs are backed by FDIC insurance, which protects deposits of up to $250,000 per person, per bank, in case of a bank failure. Although CDs present minimal risk, other investment avenues like the stock market might provide opportunities for higher returns.
How to open a certificate of deposit
When you’re ready to open a CD, just follow these easy steps:
Pick a bank: Look up banks to see which one offers the best CD rates and terms.
Go online: Visit the bank’s site and find the Certificate of Deposit section under personal banking.
Choose your CD: Select the CD that fits you and start the online application for a new account.
Fill in details: Enter your personal info and pick a way to fund your CD from your bank account.
Check terms and apply: Read the CD terms, especially about any early withdrawal fees, then submit your application.
Note maturity date: Mark when your CD matures so you know when you need to either withdraw or reinvest your money.
Earn up to 4.40% APY without restricting access to your funds
The best high-yield savings accounts offer more flexibility, less commitment, and allow you to:
Deposit and withdraw money whenever you want.
Quickly transfer money to other accounts.
Leave your cash on deposit as long (or not) as you want.
Savings accounts have changing interest rates, so banks can adjust your rate whenever they want. However, high-yield savings accounts now offer great rates similar to the top CDs, so you can keep flexibility without losing much interest.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Discover Financial Services is an advertising partner of Motley Fool Money. James McClenathen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group and Uber Technologies. The Motley Fool recommends Barclays Plc and Discover Financial Services. The Motley Fool has a disclosure policy.
[[{“value”:”Image source: Getty Images
If you’ve flown lately, you’ve probably felt the sting of checked bag fees. Most airlines now charge $30 to $40 per bag, each way. And if you’re traveling with someone else, you’re looking at paying up to $160 just to bring your clothing and toiletries on your trip.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Luckily, there are several legit ways to avoid paying for checked bags in 2025 — some with a little planning, others just by picking the right travel tools. Here are three easy options to try before your next flight.1. Get a travel credit card with free bag perksOne of the easiest and most rewarding ways to get free checked bags is picking the right credit card. Several airline-branded and premium travel credit cards include free checked bags as part of their benefits. Some even cover bags for your travel companions.The savings can be huge. If you take two round-trips per year and usually check a bag, that’s about $120-$160 saved per person, every year. If you’re not sure where to start looking, check out our list of the best credit cards with free checked bags.2. Earn airline elite statusFrequent flyers can earn elite status with their preferred airline — and one of the first perks you’ll unlock is free checked baggage.Here’s a quick breakdown:American Airlines AAdvantage Gold — Free checked bagDelta Silver Medallion — First bag freeUnited Premier Silver — One free checked bagIf you fly several times a year with the same airline, it’s worth checking how close you are to hitting elite status. Airline credit cards can help you achieve elite status even faster.3. Use an airline fee creditPremium travel cards come with annual travel credits that can be used toward baggage fees — even if they don’t cover the bags directly. So while you’re still technically paying for the bag, the cost gets erased from your card statement. It’s a great workaround if you’re not loyal to just one airline.The best travel credit cards can also come with additional perks like airport lounge access, big welcome bonuses, and extra redemption value when booking through the card’s travel portal.Never pay to check a bag againChecked bag fees aren’t going away — but paying them doesn’t have to be your reality. Whether you open a new travel credit card, earn status, or take advantage of airline fee credits, there are plenty of ways to fly without baggage fees in 2025.Want to make your next flight cheaper? Check out our list of best travel credit cards now.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Image source: Getty Images
If you’ve flown lately, you’ve probably felt the sting of checked bag fees. Most airlines now charge $30 to $40 per bag, each way. And if you’re traveling with someone else, you’re looking at paying up to $160 just to bring your clothing and toiletries on your trip.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Luckily, there are several legit ways to avoid paying for checked bags in 2025 — some with a little planning, others just by picking the right travel tools. Here are three easy options to try before your next flight.
1. Get a travel credit card with free bag perks
One of the easiest and most rewarding ways to get free checked bags is picking the right credit card. Several airline-branded and premium travel credit cards include free checked bags as part of their benefits. Some even cover bags for your travel companions.
Frequent flyers can earn elite status with their preferred airline — and one of the first perks you’ll unlock is free checked baggage.
Here’s a quick breakdown:
American Airlines AAdvantage Gold — Free checked bag
Delta Silver Medallion — First bag free
United Premier Silver — One free checked bag
If you fly several times a year with the same airline, it’s worth checking how close you are to hitting elite status. Airline credit cards can help you achieve elite status even faster.
3. Use an airline fee credit
Premium travel cards come with annual travel credits that can be used toward baggage fees — even if they don’t cover the bags directly. So while you’re still technically paying for the bag, the cost gets erased from your card statement. It’s a great workaround if you’re not loyal to just one airline.
The best travel credit cards can also come with additional perks like airport lounge access, big welcome bonuses, and extra redemption value when booking through the card’s travel portal.
Never pay to check a bag again
Checked bag fees aren’t going away — but paying them doesn’t have to be your reality. Whether you open a new travel credit card, earn status, or take advantage of airline fee credits, there are plenty of ways to fly without baggage fees in 2025.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.
[[{“value”:”Image source: Getty Images
Don’t let your cash sit idle. The best high-yield savings accounts offer rates up to 5.00% APY today, beating the national average by a long shot. They’re an easy way to grow your funds and keep them safe.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We research the options daily to bring you the best rates. Whether you’re saving for a rainy day or planning ahead, a high-yield savings account can help pad your wallet.Dive into today’s top rates and make your money work harder for you.Bank AccountAPYMinimum Account BalanceVaro Savingsup to 5.00%Max APY on up to $5,000, 2.50% APY afterAxos ONE®up to 4.66%$1,500Pibank Savings4.60%$0Peak Bank Envision High Yield Savingsup to 4.54%$100 to open, 2.02% APY on balances of $10,000,000 and abovePresidential Bank Advantage Savingsup to 4.50%$5,000 to open. Must maintain an Advantage Checking Account to be eligible for top APY.Data source: Issuing banks. Rates are accurate as of April 21, 2025.Why we picked these high-yield savings accountsAttractive returns. Enjoy some of the top APYs available to boost your savings quickly.Easy start. Some accounts require little or no deposit to open and begin earning interest.Digital convenience. Open and manage these accounts fully online from your phone or computer.Nationwide access. No need to join a credit union or meet membership requirements.If you’re not earning more than 4.00% APY on your savings, it might be time to switch. Rates have been mostly flat since the end of 2024, but several online banks are leading the pack without requiring huge balances. We like LendingClub LevelUp Savings account because it pays a competitive APY in exchange for a fairly low amount in monthly deposits. Pro tip: Be careful with teaser rates that drop after a few months. Always check the fine print. Read our full LendingClub LevelUp Savings review to learn more.Want to grow your money without locking it up?High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.Explore more options:Best High-Yield Savings Accounts — See our top picks todayBanks With Savings Buckets — Track your savings goals separatelyShould you open a high-yield savings account?Is your money just sitting in a low-interest account? It’s a great time to do yourself a favor and start earning more. High-yield savings accounts have great rates right now as the Federal Reserve maintains the federal funds rate steady.These accounts offer easy access, low fees, and are insured by the FDIC. Grow your cash without losing flexibility. They’re great for emergency funds, repairs, or even your dream vacation. Click here to compare the best high-yield savings accounts and open one today.How to open an HYSAGetting started with a high-yield savings account is easy and usually takes just a few minutes. Follow these simple steps:Compare accounts. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.Apply online. Most accounts can be opened from your phone or computer — no paperwork required.Fund your account. Link an existing checking or savings account and transfer your money.Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.Fed up with monthly deposit requirements?Some high-yield savings accounts offer competitive rates with no strings attached — no recurring deposit requirements, no minimum balance to earn the top APY, and no monthly fees. If you’re looking for a hassle-free option, learn more about the Discover® Online Savings account, which offers a competitive APY with no minimum deposit.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.American Express is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. HSBC Holdings is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. Synchrony Financial is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Goldman Sachs Group, JPMorgan Chase, PNC Financial Services, and U.S. Bancorp. The Motley Fool recommends Barclays Plc, Charles Schwab, Discover Financial Services, and HSBC Holdings and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Image source: Getty Images
Don’t let your cash sit idle. The best high-yield savings accounts offer rates up to 5.00% APY today, beating the national average by a long shot. They’re an easy way to grow your funds and keep them safe.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We research the options daily to bring you the best rates. Whether you’re saving for a rainy day or planning ahead, a high-yield savings account can help pad your wallet.
Dive into today’s top rates and make your money work harder for you.
Bank Account
APY
Minimum Account Balance
Varo Savings
up to 5.00%
Max APY on up to $5,000, 2.50% APY after
Axos ONE®
up to 4.66%
$1,500
Pibank Savings
4.60%
$0
Peak Bank Envision High Yield Savings
up to 4.54%
$100 to open, 2.02% APY on balances of $10,000,000 and above
Presidential Bank Advantage Savings
up to 4.50%
$5,000 to open. Must maintain an Advantage Checking Account to be eligible for top APY.
Data source: Issuing banks. Rates are accurate as of April 21, 2025.
Why we picked these high-yield savings accounts
Attractive returns. Enjoy some of the top APYs available to boost your savings quickly.
Easy start. Some accounts require little or no deposit to open and begin earning interest.
Digital convenience. Open and manage these accounts fully online from your phone or computer.
Nationwide access. No need to join a credit union or meet membership requirements.
If you’re not earning more than 4.00% APY on your savings, it might be time to switch. Rates have been mostly flat since the end of 2024, but several online banks are leading the pack without requiring huge balances. We like LendingClub LevelUp Savings account because it pays a competitive APY in exchange for a fairly low amount in monthly deposits. Pro tip: Be careful with teaser rates that drop after a few months. Always check the fine print. Read our full LendingClub LevelUp Savingsreview to learn more.
Want to grow your money without locking it up?
High-yield savings accounts combine flexibility with competitive interest. If you value easy access to your funds and no long-term commitment, an HYSA may be the perfect fit.
Is your money just sitting in a low-interest account? It’s a great time to do yourself a favor and start earning more. High-yield savings accounts have great rates right now as the Federal Reserve maintains the federal funds rate steady.
Getting started with a high-yield savings account is easy and usually takes just a few minutes. Follow these simple steps:
Compare accounts. Look for the best APY, but also consider fees, ease of access, and minimum balance rules.
Apply online. Most accounts can be opened from your phone or computer — no paperwork required.
Fund your account. Link an existing checking or savings account and transfer your money.
Set up recurring deposits (optional). Some accounts offer higher APYs when you make regular monthly contributions.
Track your balance and earnings. Interest usually compounds daily and is paid monthly, helping your savings grow faster over time.
Fed up with monthly deposit requirements?
Some high-yield savings accounts offer competitive rates with no strings attached — no recurring deposit requirements, no minimum balance to earn the top APY, and no monthly fees. If you’re looking for a hassle-free option, learn more about the Discover® Online Savings account, which offers a competitive APY with no minimum deposit.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.American Express is an advertising partner of Motley Fool Money. Ally is an advertising partner of Motley Fool Money. SLM is an advertising partner of Motley Fool Money. HSBC Holdings is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Discover Financial Services is an advertising partner of Motley Fool Money. Synchrony Financial is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Charles Schwab is an advertising partner of Motley Fool Money. Citigroup is an advertising partner of Motley Fool Money. The Motley Fool has positions in and recommends Axos Financial, Bank of America, Goldman Sachs Group, JPMorgan Chase, PNC Financial Services, and U.S. Bancorp. The Motley Fool recommends Barclays Plc, Charles Schwab, Discover Financial Services, and HSBC Holdings and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.
[[{“value”:”Image source: Getty Images
If you’ve been eyeing those 4.00% certificate of deposit (CD) rates lately, you’re not alone. They might look like a safe bet — but before you lock up your money, it’s worth asking: Is this really the best move for your cash right now?Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Let’s break down why high-yield savings accounts (HYSAs) might be a better home for your short-term savings — and how to pick one that works for you.CDs aren’t as great as they seemCDs come with a big catch: Once you deposit your money, it’s tied up for the entire term. If you pull your cash out early, you could lose interest or be forced to pay a penalty.As of April 2025, many CDs are offering rates over 4.00%. But right now, you can get a similar or even better return from a high-yield savings account without giving up access to your money.Plus, the interest on HYSAs is typically compounded daily and paid monthly, which helps your money grow faster.The key difference, however, is that there’s no lock-in period. With an HYSA, you can move your money around if something better comes along or if you need it for an emergency. That’s a big advantage over CDs.Why liquidity mattersLet’s say your car needs repairs next month or you find a great deal on a summer vacation. With a CD, you’re stuck unless you’re willing to eat the penalty. With an HYSA, you can access your money whenever you want.That kind of flexibility matters, especially for short-term savings goals — like building an emergency fund or putting aside cash for a future down payment.If your money needs to be available at a moment’s notice, an HYSA is the way to go.How to pick the right high-yield savings accountNot all high-yield savings accounts are created equal. Here’s what to look for:APY: Aim for somewhere between 3.60% and 4.40% right nowFees: The best accounts have no monthly maintenance fees or minimum balance requirementsAccessibility: Make sure you can transfer funds easily through a mobile app or onlineFDIC insurance: Your money should be protected up to $250,000Ready to get started? The Barclays Tiered Savings account is one of our favorites, offering a competitive APY with no account minimums. Read our full review to learn more.Get the flexibility you deserve todayCDs might sound appealing with their fixed rates, but they’re just not flexible enough for most people. With interest rates still high and an uncertain economic climate, a high-yield savings account gives you the best of both worlds — strong returns and easy access to your money.Skip the CD for now and give your savings the freedom to grow with an HYSA.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Image source: Getty Images
If you’ve been eyeing those 4.00% certificate of deposit (CD) rates lately, you’re not alone. They might look like a safe bet — but before you lock up your money, it’s worth asking: Is this really the best move for your cash right now?
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Let’s break down why high-yield savings accounts (HYSAs) might be a better home for your short-term savings — and how to pick one that works for you.
CDs aren’t as great as they seem
CDs come with a big catch: Once you deposit your money, it’s tied up for the entire term. If you pull your cash out early, you could lose interest or be forced to pay a penalty.
As of April 2025, many CDs are offering rates over 4.00%. But right now, you can get a similar or even better return from a high-yield savings account without giving up access to your money.
Plus, the interest on HYSAs is typically compounded daily and paid monthly, which helps your money grow faster.
The key difference, however, is that there’s no lock-in period. With an HYSA, you can move your money around if something better comes along or if you need it for an emergency. That’s a big advantage over CDs.
Why liquidity matters
Let’s say your car needs repairs next month or you find a great deal on a summer vacation. With a CD, you’re stuck unless you’re willing to eat the penalty. With an HYSA, you can access your money whenever you want.
That kind of flexibility matters, especially for short-term savings goals — like building an emergency fund or putting aside cash for a future down payment.
If your money needs to be available at a moment’s notice, an HYSA is the way to go.
APY: Aim for somewhere between 3.60% and 4.40% right now
Fees: The best accounts have no monthly maintenance fees or minimum balance requirements
Accessibility: Make sure you can transfer funds easily through a mobile app or online
FDIC insurance: Your money should be protected up to $250,000
Ready to get started? The Barclays Tiered Savings account is one of our favorites, offering a competitive APY with no account minimums. Read our full review to learn more.
Get the flexibility you deserve today
CDs might sound appealing with their fixed rates, but they’re just not flexible enough for most people. With interest rates still high and an uncertain economic climate, a high-yield savings account gives you the best of both worlds — strong returns and easy access to your money.
Skip the CD for now and give your savings the freedom to grow with an HYSA.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.
Tarra “Madam Money” Jackson is a financial educator, international speaker, author, and wealth empowerment strategist helping you heal, build, and grow your wealth.
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