The best savings accounts on the market pay 5% or better—offering the highest rates in two decades. Start earning a great return today, before rates fall.

As the name implies, a high-yield savings account is a savings account with a significantly higher interest rate than a standard savings account — with some high-yield accounts offering rates up to 20 to 25 times the national average, which the FDIC currently puts at a meager 0.05%.

It's hard to go wrong with high-yield savings accounts, but there are a few things you should know. Read on to find out which moves to avoid.

Despite the Fed cutting rates, you still have options to earn up to 5.50% APY in a high-yield savings account—even if you don't have a large deposit or ongoing balance.

I use each high-yield savings account for a different goal, like a vacation to Ireland, a kitchen renovation, or future car repairs.

Putting cash in your savings account is important for short-term savings goals, such as for emergency funds, vacations, down payments and more. But depending on where you do your banking, you may be leaving money on the table.

Savings accounts have a simple premise, but often come with complex mechanisms for you to earn bonus interest. When you open a savings account with a bank, you deposit money into it and let that money earn interest.

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, and CD accounts to help you maximize your earnings.

After years of low rates, high-yield savings accounts are having a moment as the Bank of England has kept interest rates on hold at 5%. While homeowners face high mortgages, there is a silver lining in higher borrowing costs and consumers can find UK savings accounts offering higher than inflation rates.