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High interest savings accounts: compare where your cash earns interest

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Quick answer

A high interest savings account, often called a high yield savings account or HYSA, is a bank savings account with a variable rate and access to your money. Compare it with Treasury bills, fixed-term CDs and money market accounts, keeping bank deposits separate from money market funds. Check the date on each yield: Treasury bill coupon equivalent yields ranged from 3.95% to 4.32% on 6 Nov 2026, according to the U.S. Department of the Treasury.

Top picks

Treasury bill yields today

  • 4-week

    3.94%

  • 13-week (3 month)

    4.22%

  • 26-week (6 month)

    4.41%

  • 52-week (1 year)

    4.54%

Coupon equivalent yields for Nov 10, 2026. Source: U.S. Department of the Treasury.

All T-bill terms and 12 month history

Four places cash can earn interest

How we keep the numbers honest

  • Compare yields with their sources and dates in view.
  • Keep bank deposits separate from money market funds when comparing options.
  • Leave a rate out of your comparison if there is no reliable number.
  • Treat the national savings rate as background, not a product offer.
  • Check deposit insurance and coverage limits before choosing an account.

Read the full methodology.

Frequently asked questions

What is a high interest savings account?
It is a savings account with a variable rate, often called a HYSA. You can withdraw your money. Compare dated rates rather than relying on the account's name.
How does a HYSA differ from a Treasury bill?
A HYSA is a bank deposit with a variable rate. A Treasury bill matures in 4 to 52 weeks. Its interest is subject to federal income tax, but exempt from state and local income tax. T-bills do not have FDIC insurance.
Do Treasury bills pay more than high yield savings accounts?
Compare the specific account's dated rate with the T-bill term you are considering. Treasury bill coupon equivalent yields ranged from 3.95% to 4.32% on 6 Nov 2026. That range alone does not establish which option pays more for you.
Is the national savings rate a HYSA offer?
No. The FDIC national savings rate was 0.38% as of 19 Oct 2026. It is an industry average backdrop, not a product offer or a named bank's HYSA rate.
Which cash options have FDIC insurance?
Bank deposits at FDIC insured institutions have coverage up to applicable limits. This general rule applies to deposit accounts, including savings accounts and money market accounts. Treasury bills and money market funds do not have FDIC insurance.

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