High-yield savings accounts still offer up to 5% APY in May 2026, a strong opportunity for savers.

As of May 27, 2026, many high-yield savings accounts (HYSAs) continue to offer attractive interest rates up to 5.00% APY, despite recent Federal Reserve rate cuts. These accounts provide a safe, accessible way to earn significantly higher returns than the national average, with FDIC insurance protecting deposits up to $250,000. Banks like SoFi, CIT, and Raisin offer competitive rates and bonuses, encouraging savers to act now before rates potentially decline. Opening an HYSA is straightforward, making it a practical option to grow savings with minimal risk and effort.