Additionally, the highest APYs are usually offered at online-only banks, which means you should be comfortable managing your account and other banking services online. Note: To earn these high APYs, you may have to meet certain deposit requirements or may earn only the highest APY on a portion of your balance. Here are more high-yield savings accounts offering APYs beyond 5%: The increase has helped boost the average high-yield savings rate slightly for banks we track at CNET to 4.83% APY. However, My Banking Direct stands out for recently raising its savings account rate to 5.35% APY. Most banks we track kept high-yield savings rates the same this week. Savings account rates remain the same this week, with several north of 5% APY

Whether you’re looking for a new savings account or CD to park your money for a savings goal, here are some of the banks offering the best return on your savings right now. Banks offering more than 5% APY on high-yield savings accounts and CDs