5.00% APY Still Available on High-Yield Savings—Earn the Top Rate Nationwide

These high-yield accounts offer competitive returns

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June 4, 2026 11:04am EDT

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Protect Your Purchasing Power: Top Savings Rates for June 2026

With inflation at 3.8%, letting your spare cash sit idle in a typical bank account means you’re losing purchasing power faster than you have in years. The right savings account can help you preserve it. While traditional savings accounts pay a meager rate far below inflation, our picks for the best high-yield savings accounts pay up to 5.00% APY, helping you beat inflation and then some.

Your cash stays safe and liquid while earning returns that are near historic highs. If you don't already have one, opening a high-yield savings account today is an easy way to instantly defend your wealth.

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Outpace inflation and lock in your yield with a top CD: Prefer to set it and forget it? Savings accounts offer flexibility, but the best CDs offer certainty. With yields up to 4.50%, they don't just pay a higher APY than inflation—they also guarantee the rate for months or years.

Freeze today's peak rates for 365 days: The most competitive 1-year CD right now has a rate higher than we’ve seen since early April, and it’s well above the national average, protecting your savings from future rate dips. Bypass the uncertainty of the 2026 market and secure a solid return without making a long-term commitment.

The CD sweet spot: If a year feels too short but the current inflation spike makes a long-term bet feel too risky, the best 18-month CDs offer a smart middle ground. The top rate is up 20 basis points from about 2 months ago. Lock in a premium rate today, and adjust your strategy in 2027 as necessary when your CD term is up.

Save money for long-term goals in a multi-year CD: There’s always a chance the Fed could push rates higher to combat sticky inflation, but waiting for the “perfect” peak could mean missing out on today's best offers. The top 2-year CD is at a rate not seen since September, 2025. Snag it now to help you stay ahead of inflation.

Defend your wealth until spring 2030: Short-term rates might grab the headlines, but the best 4-year CDs are up 15 basis points since April. A long-term CD can help put your savings on autopilot so you can ignore the volatility of the coming years.

Grow your long-term savings at 4.20% APY: There’s no telling how the market will change over the next few years, but history suggests that today’s elevated rates won’t last forever. Top 5-year CD rates are at 4.20%. Opening one now can act as a buffer against the day the Fed tames inflation and rates come down.

Save more and stay flexible with a money market account: Money market APYs can change when the Fed makes an adjustment, but with the central bank expected to hold firm for now, the best rate of 4.00% may hold as well. MMAs bridge the gap between savings and checking accounts, offering high yields with the added utility of check-writing privileges.

Earn even better rates with a high-interest checking account: If you already use a debit card regularly, you could earn up to 6.75% APY with the best high-interest checking accounts. These accounts often outperform savings accounts and CDs, as long as you meet monthly requirements.

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5.00% APY Still Available on High-Yield Savings—Earn the Top Rate Nationwide

These high-yield accounts offer competitive returns

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