APY Comparison: Find the Best Savings Rates Today

When you put money in a savings account, what you really care about is how much it grows — not just the interest rate, but the APY, the actual amount of interest you earn in a year, including compound interest. Also known as annual percentage yield, it’s the only number that tells you what your money will really do over time. Most banks list a simple interest rate, but APY shows the full picture — because compounding matters. A 4.50% interest rate might sound good, but if it compounds daily instead of monthly, your APY could be 4.60%. That’s extra cash in your pocket without lifting a finger.

APY comparison isn’t just about picking the highest number. It’s about matching the rate to your goals. A high-yield savings account, a savings account that pays significantly more than traditional banks might offer 5% APY, but does it require a minimum balance? Can you withdraw without penalty? Meanwhile, a money market account, a hybrid between savings and checking with higher yields and limited transactions might pay even more, but comes with withdrawal limits. And then there are Treasury Bills, short-term government securities that pay interest and are backed by the U.S. government — they’re safe, but you can’t touch them until they mature. The right choice depends on how quickly you might need the cash.

Some accounts advertise high APYs but lock you in with conditions — like requiring direct deposit or limiting transfers. Others offer teaser rates that drop after 90 days. Real APY comparison means looking past the headline and checking the fine print: how often interest compounds, what fees apply, and whether the rate is guaranteed. You don’t need to be a financial expert — just someone who knows where to look.

Below, you’ll find real comparisons from actual accounts and platforms used by everyday people. No fluff. No hype. Just clear data on what’s working right now — whether you’re building an emergency fund, saving for a car, or just trying to make your cash work harder than your paycheck.