Here are some high yield savings accounts for 2023. Because of the Fed rate increasing, now is the time to start opening up high yield saving accounts. According to Nerdwallet, A high-yield savings account is a type of federally insured savings product that earns rates that are much better than the national average. They can earn around 3% APY. By comparison, the national savings average is 0.35% APY. If you open a savings account with 3% APY and deposit $10,000, you can earn up to an additional $300 a year in your savings. Which ones do you plan on using or currently using?