{"id":274,"date":"2025-02-27T09:03:06","date_gmt":"2025-02-27T10:03:06","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=274"},"modified":"2025-02-28T22:50:16","modified_gmt":"2025-02-28T22:50:16","slug":"high-yield-savings-account-rates-today-february-27-2025-rates-are-steady","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/02\/27\/high-yield-savings-account-rates-today-february-27-2025-rates-are-steady\/","title":{"rendered":"High-Yield Savings Account Rates Today: February 27, 2025 \u2013 Rates Are Steady"},"content":{"rendered":"<div id=\"embed-ui-widget-iframe-67c2399a3892d-container\" style=\"width:100%;overflow:hidden\" data-ecom-container=\"{&quot;componentTitle&quot;:&quot;&quot;,&quot;componentType&quot;:&quot;Embed UI Widget&quot;}\"><\/div>\n<div class=\"key-takeaways-wrapper\" id=\"key-takeaways-card\" data-ecom-container=\"{&quot;componentTitle&quot;:&quot;Key Takeaways&quot;,&quot;componentType&quot;:&quot;Key Takeaways&quot;}\">\n<h2 class=\"key-takeaways-wrapper__title\">Key Takeaways<\/h2>\n<div id=\"key-takeaways-content\">\n<ul>\n<li>Savings account yields are much higher than a few years ago<\/li>\n<li>Top rates may fall if the Federal Reserve cuts interest rates<\/li>\n<li>Online banks tend to offer the best yields available<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Rates on savings accounts are the same compared to one week ago. You can now earn 6.35% or higher on your savings.<\/p>\n<p>Shopping for an account where you can put some money aside? Here&#8217;s a look at some of the best savings rates you can find today.<\/p>\n<p><strong>Related:<\/strong> <a>Find the Best High-Yield Savings Accounts Of 2025<\/a><\/p>\n<p>!function(){&#8220;use strict&#8221;;window.addEventListener(&#8220;message&#8221;,(function(a){if(void 0!==a.data[&#8220;datawrapper-height&#8221;]){var e=document.querySelectorAll(&#8220;iframe&#8221;);for(var t in a.data[&#8220;datawrapper-height&#8221;])for(var r=0;r&lt;e.length;r++)if(e[r].contentWindow===a.source){var i=a.data[&quot;datawrapper-height&quot;][t]+&quot;px&quot;;e[r].style.height=i}}}))}(); <\/p>\n<h2>Traditional Savings Account Rates Today<\/h2>\n<p>Traditional savings accounts, called &#8220;statement savings accounts&#8221; in the banking world, have been notorious for paying paltry interest in past years, especially after the Great Recession. That&#8217;s changed more recently, and you can find rates 10-times higher than those offered by traditional financial institutions if you opt for an <a>online bank<\/a> or a credit union.<\/p>\n<p>The highest yield on a standard savings account with a $2,500 minimum deposit amount within the last week has been 6.35%, according to data from Curinos. If you spot a basic savings account with a rate in that ballpark, you&#8217;ve done well for yourself.<\/p>\n<p>Today&#8217;s <a>average APY<\/a> for a traditional savings account is 0.23%, Curinos says. APY, or annual percentage yield, reflects the actual return your account will earn during one year. It accounts for compound interest, which is the interest that accrues on the interest in your account.<\/p>\n<h2>High-Yield Savings Account Rates Today<\/h2>\n<p><a>High-yield savings accounts<\/a> generally pay much more interest than conventional savings accounts. But the trade-off is you may have to jump through some hoops to earn that higher rate, such as becoming a member of a <a>credit union<\/a> or putting down a large deposit.<\/p>\n<p>On high-yield accounts requiring a minimum deposit of $10,000, today&#8217;s best interest rate is 6.35%. That&#8217;s about the same as last week.<\/p>\n<p>The average APY for those accounts is now 0.23% APY, unchanged from a week ago.<\/p>\n<p>On high-yield savings accounts with a minimum opening deposit of $25,000, the highest rate available today is 6.35%. You&#8217;ll be in good shape if you can nail down an account offering a rate close to that.<\/p>\n<p>The current average is 0.24% APR for a high-yield account with a $25,000 minimum deposit.<\/p>\n<h2>How Often Do Savings Account Interest Rates Change?<\/h2>\n<p>Interest rates on savings accounts typically fluctuate in response to other rate changes throughout the economy. Savings rates are primarily influenced by the Federal Reserve&#8217;s rate moves, and the central bank has finally begun reducing its benchmark federal funds rate as inflation has fallen closer to the Fed\u2019s 2% goal.<\/p>\n<p>Financial institutions usually adjust borrowing and savings rates soon after the Fed changes rates. The Fed votes to adjust rates eight times per year during meetings of the Federal Open Market Committee (FOMC).<\/p>\n<h2>Methodology<\/h2>\n<p>Curinos determines the average rates for savings accounts by focusing on those intended for personal use. Certain <a>types of savings accounts<\/a> &#8211; such as relationship-based accounts and accounts designed for youths, seniors and students &#8211; are not considered in the calculation.<\/p>\n<div id=\"embed-ui-widget-iframe-67c2399a38bf3-container\" style=\"width:100%;overflow:hidden\" data-ecom-container=\"{&quot;componentTitle&quot;:&quot;&quot;,&quot;componentType&quot;:&quot;Embed UI Widget&quot;}\"><\/div>\n<p><!-- fadv:ignore-wpautop -->\t<\/p>\n<h2 class=\"title\">\n\t\tFrequently Asked Questions (FAQs)\t<\/h2>\n<div class=\"main-faqs faq-2021 faq-v2\" data-ecom-container=\"{&quot;componentTitle&quot;:&quot;Frequently Asked Questions (FAQs)&quot;,&quot;componentType&quot;:&quot;FAQ Component&quot;}\">\n<div class=\"faqs\" data-ecom-misc-click=\"{&quot;clickText&quot;:&quot;What is a good interest rate for a savings account?&quot;,&quot;clickType&quot;:&quot;Accordion&quot;,&quot;referenceText&quot;:&quot;&quot;}\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">What is a good interest rate for a savings account?<\/h3>\n<\/p><\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>The best high-yield savings account pays 6.35% now, according to Curinos data, so you&#8217;ll want to aim for an account that delivers a yield in that ballpark.<\/p>\n<p>But rates aren&#8217;t everything. You want an account that charges few fees, offers great customer service and has a track record of being a stable institution.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"faqs\" data-ecom-misc-click=\"{&quot;clickText&quot;:&quot;How are savings account interest rates determined?&quot;,&quot;clickType&quot;:&quot;Accordion&quot;,&quot;referenceText&quot;:&quot;&quot;}\">\n<div class=\"faq-question\">\n<div class=\"plus-minus\"><\/div>\n<h3 class=\"question-text\">How are savings account interest rates determined?<\/h3>\n<\/p><\/div>\n<div class=\"faq-answer wysiwyg-content\">\n<p>Savings yields are variable and can change depending on economic conditions or a bank&#8217;s particular financial need. Usually rates are influenced by the federal funds rate, meaning that a bank tends to raise or lower its rates along with the Fed.<\/p>\n<p>Online banks and credit unions tend to offer the best yields because they can pass along savings from low overhead while also striving to attract new customers.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><!-- \/fadv:ignore-wpautop --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts are the same compared to one week ago. You can now earn 6.35% or higher on your savings. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisor"],"_links":{"self":[{"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/posts\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/comments?post=274"}],"version-history":[{"count":1,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/posts\/274\/revisions"}],"predecessor-version":[{"id":275,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/posts\/274\/revisions\/275"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/media\/259"}],"wp:attachment":[{"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/categories?post=274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pacific-hydro.com\/index.php\/wp-json\/wp\/v2\/tags?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}