Top high-yield savings accounts offer up to 5.00% APY amid steady bank rates in May 2026

As of May 28, 2026, several high-yield savings accounts (HYSAs) provide attractive interest rates up to 5.00% APY, significantly higher than the national average of 0.38%. Banks like SoFi, CIT, and EverBank offer competitive rates with bonuses and no monthly fees, encouraging savers to switch from low-yield accounts. Despite recent Federal Reserve rate cuts and holds, online banks continue to compete aggressively, keeping top rates elevated. Investors are advised to open or switch to these accounts now to maximize returns with FDIC insurance and easy access to funds.