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Israel and Hamas at war: A timeline of major developments in the year since Oct. 7, 2023

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Israel-Hamas war enters second year


Israel-Hamas war enters second year as conflict expands

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The Iranian-backed group Hamas, long designated a terrorist organization by the U.S. and Israel, launched an unprecedented attack on Israel on Oct. 7, 2023. The massacre of some 1,200 people ignited a devastating war in the Gaza Strip, a densely-packed Palestinian territory that had been ruled by Hamas for almost two decades. The Hamas-run Ministry of Health says Israeli military operations in Gaza since Oct. 7 have killed almost 42,000 people. 

Below is a timeline showing some of the key events in the year that has passed since many Israelis’ sense of security was shattered on that Saturday morning.


October 7, 2023 

  • The ruling Hamas militant group in the Gaza Strip carries out an unprecedented, multi-front attack on Israel at daybreak, infiltrating the heavily fortified border in several locations by air, land and sea, catching the country off-guard on the Jewish holiday of Rosh Hashanah. The stunning attack sees Hamas terrorists and other militants kill more than 1,200 people, including 43 U.S. nationals. Israel says 251 others were taken hostage during the attack, with many of the abductions captured on cameras worn by the terrorists themselves and then circulated on social media. “We are at war,” Israeli Prime Minister Benjamin Netanyahu announces in a televised address later that morning, declaring a mass mobilization of the country’s army reserves. Israel launches retaliatory airstrikes in Gaza, saying it is targeting Hamas fighters and weapons, almost immediately.
  • Source: CBS/AP

October 9, 2023

  • On the third day of fighting after Hamas’ surprise rocket and ground incursion into Israel, and as Israel continues to bombard Hamas targets in Gaza from the air, Israel Defense Minister Yoav Gallant orders a complete siege of the Gaza Strip, saying authorities will cut electricity and block the entry of all food and fuel.
  • Source: CBS News/AP

October 12, 2023 

  • Israel’s military orders the total evacuation of northern Gaza — a region home to roughly 1.1 million people, or almost half of the Palestinian enclave’s total population — within 24 hours, as it plans to ramp up operations in the area.
  • Source: IDF/AP

October 16, 2023 

  • The first of what would become many disturbing hostage videos over the course of the war is shared by Hamas on its Telegram messaging app channel. The video shows 21-year-old French-Israeli national Mia Shem lying on a bed with her injured right arm appearing to be treated by somebody out of the camera’s view. Shem appears distressed as she speaks directly to the camera, saying she’s been taken to the Hamas-controlled Gaza Strip and pleading to be returned to her family. Shem’s mother tells CBS News she can see her daughter’s pain, and hopes the video is an indication of Hamas’ willingness to negotiate a hostage release deal.
  • Source: CBS News

October 17, 2023

  • Health officials in Gaza say hundreds of people are killed in a huge blast at the Al-Ahli Baptist Hospital in Gaza City, and Israeli and Palestinian officials trade accusations over who is responsible for the devastating explosion. U.S. intelligence officials say between 100 and 300 people were likely killed in the blast, which Palestinian officials blame on an Israeli airstrike. Israeli officials say they did not target a hospital and that an intelligence review indicates the explosion was caused by a rocket launched by the Hamas-allied militant group Islamic Jihad that fell short. President Biden says soon after the explosion that, from what he’s seen, it appears as though it was not caused by an Israeli strike.
  • Source: CBS News

October 28, 2023 

  • Prime Minister Netanyahu, during a televised news conference, announces a “new phase” in the war, sending ground forces into Gaza and expanding attacks from the ground, air and sea. 
  • Source: CBS News

October 31, 2023 

  • Israeli airstrikes hit the Jabalia refugee camp in the Gaza Strip, killing dozens of Palestinian civilians and a Hamas commander. An Israel Defense Forces statement says the strike killed Ibrahim Biari, a key Hamas militant leader of the “murderous terror attack” on Oct. 7. The Hamas-run Gaza Health Ministry says at least 50 Palestinians are killed in the refugee camp blast and over 100 more are wounded. 
  • Source: Reuters

November 15, 2023 

  • Israeli troops enter al-Shifa Hospital in Gaza City, the largest hospital in Palestinian territory. The raid sparks international outrage, with The World Health Organization calling al-Shifa a “death zone.” The IDF later shows CBS News and other outlets a tunnel entrance and weapons, which it says is proof that Hamas fighters had used the hospital as a command center.
  • Source: CBS News/IDF

November 19, 2023 

  • Iran-backed Houthi militants in Yemen hijack the Galaxy Leader, an Israeli-linked cargo ship, and take crew members hostage. It marks the first of many attacks on shipping in the Red Sea launched by the militant group as a protest against the war in Gaza. 
  • Source: AP

November 24, 2023 

  • For the first time, a group of hostages taken captive by Hamas in the Oct. 7 attacks on Israel is released from Gaza. They are freed hours after a four-day cease-fire in the war takes effect. Thirteen hostages are freed in total, and more than three dozen Palestinians are released from Israeli jails as part of the deal.
  • Source: CBS News

December 5, 2023 

  • The IDF say troops have entered Gaza’s second-largest city, Khan Younis, marking another bloody new phase of the war. The IDF says its forces are “in the heart” of Khan Younis — the first target in its expanded ground offensive into southern Gaza, which Israel says is aimed at destroying Hamas.
  • Source: AP

December 15, 2023

  • Three hostages held by Hamas in Gaza are mistakenly killed by friendly fire, the Israeli military says. During combat operations in Shejaiya, a densely packed neighborhood near Gaza City, the Israeli military says troops “mistakenly identified three Israeli hostages as a threat.” Troops fired at the three and they were killed, the IDF says. The military told CBS News the events occurred during a period of “intense combat,” with Hamas militants operating in what an official described as civilian attire. There were “a lot of ambushes” and “a lot of deceptions,” the IDF official said.
  • Source: CBS News/IDF

December 24, 2023

  • The health ministry in Hamas-run Gaza says an Israeli airstrike kill at least 70 people at the Al-Maghazi refugee camp, with at least 30 others killed in strikes elsewhere across the Palestinian territory. The ongoing strikes come as Christmas observances in Bethlehem, revered as the birthplace of Jesus Christ, in the Israeli-occupied West Bank, are largely scrapped amid the conflict.
  • Source: CBS/AP

January 11, 2024

  • South Africa formally accuses Israel of committing genocide in Gaza, filing a case with the United Nation’s International Court of Justice in the Hague. It could take the world court years to issue a ruling on whether genocide has been committed. Israel quickly seeks the dismissal of the case, calling it a “false and baseless” defense of Hamas.
  • Source: CBS News

January 29, 2024 

  • An Israeli intelligence document shared with CBS News and other Western news outlets lays out allegations against a dozen U.N. employees whom Israel accuses of participating  in Hamas’ Oct. 7 terrorist attack. The document claims seven staff members of UNRWA, the U.N. humanitarian agency for Palestinian refugees, stormed into Israeli territory during the attack, including two who allegedly participated in kidnappings. The allegations against UNRWA staffers prompted the U.S. and some other Western countries to freeze funds vital to the work of the agency, which is a lifeline for desperate Palestinians in war-torn Gaza. The U.N. later fires nine of the 12 accused workers and condemns “the abhorrent alleged acts” of some of its staff.
  • Source: CBS News

February 8, 2024 

  • President Biden refers to Israel’s actions in Gaza as “over the top.” Mr. Biden also says he’s been pushing Israeli Prime Minister Benjamin Netanyahu to allow aid to enter from Israel. “There are a lot of innocent people who are starving. A lot of innocent people are in trouble and dying, and it’s gotta stop,” Mr. Biden says, adding that he’s also, “pushing very hard now to deal with this hostage cease-fire.” 
  • Source: CBS News

February 9, 2024

  • Prime Minister Netanyahu instructs Israeli forces to present a plan to evacuate civilians from Rafah, a day after facing criticism from President Biden over the impact of Israel’s military campaign in Gaza. Israel says Rafah is the last remaining Hamas stronghold and it needs to send in troops to complete its war plan against the Islamic militant group. But an estimated 1.5 million Palestinians have crammed into the city and the surrounding area after fleeing fighting elsewhere in Gaza. The Biden administration has said repeatedly that it does not support a ground invasion of Rafah. 
  • Source: CBS/AP

February 29, 2024

  • Witnesses and medics say Israeli forces opened fire on thousands of Palestinians who had gathered in an open area of Gaza City hoping to receive food and other desperately needed humanitarian aid. The IDF says forces “fired at those who posed a threat” to Israeli forces nearby, but U.N. experts condemn the violence, which left at least 112 people dead as they tried to collect flour in Gaza.
  • Source: CBS News/OHCR

April 1, 2024

  • Prime Minister Netanyahu says Israel’s armed forces unintentionally struck a convoy from the humanitarian group World Central Kitchen in Gaza, killing seven aid workers including an American man. The Israeli military later said it dismissed two officers and reprimanded three others for their roles in the drone strikes, saying they had mishandled critical information and violated the army’s rules of engagement.
  • Source: CBS News

April 1, 2024 

  • Suspected Israeli warplanes bomb Iran’s embassy in Syria in a strike that Iran says killed seven of its military advisers, including three senior commanders, marking a major escalation in Israel’s war with its regional adversaries.
  • Source: Reuters

April 2, 2024 

  • Iran vows to respond to the suspected Israeli strike that demolished Iran’s consulate in Damascus. Iran’s supreme leader, Ayatollah Ali Khamenei says on his official website that “Israel will be punished” for the attack. 
  • Source: CBS/AFP

April 13, 2024 

  • Air raid sirens and loud booms reverberate across Israel as Iran launches a barrage of missiles and drones at the country in a retaliatory attack. Israeli officials say the assault is almost entirely thwarted by air defense systems and with the help of the U.S. and Israel’s other allies. More than 300 missiles and drones were fired from Iran toward Israel, the IDF says. A 10-year-old girl is “severely injured by shrapnel,” but the IDF reports no additional casualties. 
  • Source: CBS News

May 6/7, 2024

  • Israel’s military orders Palestinians in the eastern part of the Gaza Strip city of Rafah to evacuate ahead of a ground offensive.  People quickly start  fleeing from the area on foot or by any other means available to them. An Israeli tank brigade takes control of the Gaza side of the Rafah border crossing with Egypt the following day, as Israel moves forward with its offensive. 
  • Source: CBS/AP

May 14, 2024 

  • Video circulated widely on social media shows right-wing Israeli protesters blocking trucks carrying food aid for Gaza. The trucks are attacked by an Israeli group called “Tsav 9” at a checkpoint near a border crossing from the Israeli-occupied West Bank into Israel.
  • Source: CBS News

May 20, 2024 

  • ICC Chief Prosecutor Karim Khan announces that he’s applied for arrest warrants for senior Hamas leaders Yahya Sinwar, Mohammed Diab Ibrahim Al-MasriI and Ismail Haniyeh for possible war crimes. In a statement that sparks outrage from Israel’s leadership, Khan also says he will seek arrest warrants for Prime Minister Netanyahu and Israeli Defense Minister Yoav Gallant, also for possible war crimes and crimes against humanity.
  • Source: CBS News

May 26, 2024

  • An Israeli strike kills at least 45 people, including women and children, in the al-Mawasi camp for displaced Palestinians, according to the Hamas-run health ministry in Gaza. Prime Minister Netanyahu later admits the strikes were a “tragic mistake.” Analysis of images of shrapnel gathered at the scene shows at least one of the bombs used was a U.S.-made GBU-39. 
  • Source: CBS News

June 8, 2024 

  • Israeli forces rescue four hostages held by Hamas in a raid on the Nuseirat camp in central Gaza. The hostages – 26-year-old Noa Argamani, 22-year-old Almog Meir Jan, 27-year-old Andrey Kozlov and 41-year-old Shlomi Ziv – were all kidnapped at the Nova Music Festival in southern Israel during the Oct. 7 attacks. More than 270 Palestinians are killed in the firefight and by airstrikes during the rescue operation, according to Gaza’s Hamas-run Ministry of Health.
  • Source: CBS News

June 9, 2024 

  • A member of Israel’s three-man War Cabinet announces his resignation from the government over Prime Minister Netanyahu’s handling of the war in Gaza. Benny Gantz says Netanyahu is making “total victory impossible” and that the government must put the return of the hostages seized by Hamas “above political survival.”
  • Source: CBS/AP

July 24, 2024

  • Netanyahu visits the U.S. and addresses a joint meeting of Congress, telling the American lawmakers: “In the Middle East, Iran’s axis of terror confronts America, Israel and our Arab friends. This is not a clash of civilizations. It’s a clash between barbarism and civilization. It’s a clash between those who glorify death and those who sanctify life. For the forces of civilization to triumph, America and Israel must stand together.”
  • Source: CBS News

July 31, 2024

  • Hamas political leader Ismail Haniyeh is assassinated in Iran’s capital after attending the inauguration of the country’s new president — the second assassination of a senior Iran-allied militant commander in just 12 hours. Israel refuses to confirm that it had killed the Hamas chief, but a U.S. official tells CBS News that the U.S. assesses that both Haniyeh and top Hezbollah commander Fuad Shukr were killed in Israeli strikes. Israel does confirm it killed Shukr.
  • Source: CBS News

August 1, 2024

  • The head of Hamas’ military wing, Mohammed Deif, is killed in an Israeli airstrike on the outskirts of Khan Younis. 
  • Source: CBS News

August 2, 2024

  • Al Jazeera reporter Ismail al-Ghoul and photographer Rami al-Refee are killed in an Israeli strike in Gaza, becoming at least the 112th and 113th journalist or media worker — the vast majority of whom are Palestinians — killed since the war between Israel and Hamas began, according to data compiled by the Committee to Protect Journalists. The period since the start of the war has been the deadliest for journalists since the CPJ began gathering data in 1992.
  • Source: CBS News

August 15, 2024 

  • The number of Palestinians killed in Gaza since the war began climbs over 40,000, according to the Hamas-run Gaza Health Ministry. The ministry does not distinguish between civilians and combatants, but Volker Türk, the U.N. High Commissioner for Human Rights, says in a statement that most of those killed were women and children, and he calls for an immediate cease-fire. 
  • Source: CBS/AP/OHCHR 

September 2, 2024 

  • Israeli Prime Minister Benjamin Netanyahu says he will “not give in to pressure” to agree to a cease-fire with Hamas. Netanyahu insists “the achievement of the war’s objectives” requires Israel to maintain control of the Philadelphi Corridor, the strip of land along the border between southern Gaza and Egypt. Egypt’s government has voiced its objection to an Israeli military presence on that border, and Hamas has demanded a complete Israeli withdrawal from the area as part of any cease-fire agreement.
  • Source: CBS News

August 27, 2024

  • The Israeli military says it has rescued Qaid Farhan Alkadi, a 52-year-old man taken hostage by Hamas. Israeli Army Radio said Alkadi was the first hostage whom soldiers were able to find and rescue alive from the vast network of tunnels Hamas has built underneath Gaza. 
  • Source: CBS News

August 31, 2024

  • Israeli forces recover the bodies of six Hamas-held hostages: Israeli-American Hersh Goldberg-Polin, Carmel Gat, Eden Yerushalmi, Alexander Lobanov, Almog Sarusi, and Master Sgt. Ori Danino. Their bodies are found in a tunnel underneath Rafah. The IDF says all six were killed by Hamas militants shortly before the arrival of Israeli forces. Prime Minister Netanyahu says Israel will hold Hamas accountable for killing the hostages and blames the militant group for stalled cease-fire negotiations, saying “whoever murders hostages doesn’t want a deal.”
  • Source: CBS News

September 1, 2024 

  • Thousands of angry and grieving Israelis take to the streets in huge protests after the six hostages are found dead in Gaza. Over the course of the week, widespread disruptions  occur across Israel as members of the country’s largest labor union go on strike in an attempt to pressure Netanyahu to agree to a deal to bring home the remaining hostages held by Hamas in Gaza.
  • Source: CBS News

September 7, 2024 

  • An American woman is shot and killed in the Israeli-occupied West Bank. Witnesses, activists and Palestinian media say 26-year-old dual U.S.-Turkish national Aysenur Eygi was shot by Israeli troops after attending a pro-Palestinian demonstration against settlement expansion. The IDF later says “it is highly likely that she was hit indirectly and unintentionally by IDF fire which was not aimed at her.”
  • Source: CBS/AP/ IDF

September 10, 2024

  • Israeli strikes kill dozens of Palestinians sheltering in the densely packed al-Mawasi camp, inside the Israeli-designated “humanitarian zone.” Civil defense spokesman Mahmoud Basal tells CBS News and other news organizations that people in the camp had no warning before the bombs fell. He said they destroyed “20 to 40 tents” and left three deep craters.”There are entire families who have disappeared under the sand,” Basal says.
  • Source: CBS News

September 17, 2024

  • Thousands of pagers carried by Hezbollah members explode simultaneously in Lebanon and Syria, killing at least a dozen people including two children, according to Lebanese officials. Israel does not acknowledge conducting the attack, but CBS News learns American officials were given a heads-up by Israel about 20 minutes before the operations began in Lebanon, though no specific details were shared about the methods to be used.
  • Source: CBS/AP

September 18, 2024

  • A source close to Lebanon’s Hezbollah group says walkie-talkies used by members explode in its Beirut stronghold, with state media reporting similar blasts of pagers and other “devices” in east and south Lebanon. Lebanon’s Health Ministry says 20 people are killed and 450 more wounded in the explosions. 
  • Source: CBS/AFP

September 20, 2024

  • The Israeli military carries out a “targeted strike” in Beirut, killing Hezbollah commander Ibrahim Aqil and other operatives. Hezbollah confirms Aqil’s death in the strike.
  • Source: CBS News

September 23, 2024 

  • Missiles slam into southern Lebanon, reportedly killing hundreds of people as Israel says it is targeting Hezbollah weapons hidden in residential buildings. Lebanon’s health ministry says the strikes killed over 500 people, making it the deadliest day of fighting between Israel and Hezbollah since they fought a roughly one-month war in 2006.
  • Source: CBS News

September 28, 2024 

  • Israel’s military kills Hassan Nasrallah, the longtime political leader of Iran-backed Hezbollah, in an airstrike in Beirut. The afternoon strike, carried out by fighter jets, targets the group’s “central headquarters,” which was “embedded under a residential building” in Beirut’s southern suburbs, according to the Israeli military.  
  • Source: CBS/AP

October 1, 2024 

  • Sirens blare across Israel as Iran launches about 180 ballistic missiles at the country. The Israeli military says most of the missiles are intercepted by its missile defense systems, and a U.S. defense official says the United States helped intercept the weapons. The IDF reports no human casualties. Prime Minister Netanyahu vows to retaliate for Iran’s missile attack, which Iran calls a “legal, rational, and legitimate response” to Israeli assassinations of Iranian and allied military commanders.
  • Source: CBS News

October 7, 2024

  • Israelis mark a full year since Hamas’ brutal terrorist attacks, gathering for solemn memorial services in major cities and at the sites of some of the atrocities to honor those killed and demand the release of those still held captive in Gaza. “We are in a just and difficult war, but unlike 80 years ago, the Jews have the ability to defend themselves by themselves, and while fighting against seven different enemies, we will prevail,” Israeli Minister of Defense Yoav Gallant told CBS News’ Elizabeth Palmer at the Nova site on Monday.
  • Source: CBS News



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Biden urging Congress to return from recess to approve hurricane disaster relief funds

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Biden urging Congress to return from recess to approve hurricane disaster relief funds – CBS News


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President Biden is calling on Congress to return early from its recess and speed up emergency funds for the victims of Hurricane Helene and Milton. CBS News senior White House and political correspondent Ed O’Keefe has more.

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Northern lights forecast maps for tonight show best areas in U.S. to see aurora borealis

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The northern lights made an incredible display over much of the United States on Thursday — and might make a return appearance Friday night. 

The aurora borealis was visible as far south as Florida on Thursday. Photos show the sky lit up in red and purple, even in some brightly-lit areas like New York City and Chicago

The strong geomagnetic storm that created such a show has subsided, according the National Oceanic and Atmospheric Administration, but some parts of the U.S. may again see the northern lights tonight. Here’s what to know. 

New York City Exteriors And Landmarks
The Northern Lights are visible over the Governor Mario M. Cuomo Bridge on October 11, 2024 near New York City.

Roy Rochlin / Getty Images


Where will the northern lights be visible tonight?

The northern lights will be visible for parts of the northern U.S., according to the NOAA Space Weather Prediction Center’s aurora forecast. The aurora will be visible over much of Canada and Alaska, but the northern lights can also be seen from as far as 620 miles away if the conditions are right, NOAA says. 

Parts of Idaho, South Dakota, Minnesota and Wisconsin may be able to see the lights Friday night. On the East Coast, the aurora might be visible in northern New York and parts of Vermont and New Hampshire. Areas of Maine may also see the northern lights. 

The lights will appear to the north when it’s dark outside. If you can’t see them with the naked eye, they may be visible through a phone camera or other device. 

tonights-static-viewline-forecast.jpg
The NOAA Space Weather Prediction Center aurora forecast for October 11, 2024. 

NOAA Space Weather Prediction Center


What time will the northern lights be most visible?

The northern lights are most visible just after sunset or just before sunrise, NOAA said. The aurora is not visible during the day. Dark, cloudless skies with little artificial light provide the best viewing experience. 

Major Aurora Display Across The United States
The night sky in Wisconsin glows with the Northern Lights as a geomagnetic storm brings vibrant pink and green colors to a majority of the northern states.

Ross Harried/NurPhoto via Getty Images


Why have the northern lights been so visible lately?

Over the last several months the sun has been incredibly active, unleashing a series of coronal mass ejections from its surface, CBS Boston reported. That’s resulted in multiple visible aurora shows. 

The geomagnetic storm responsible for Thursday’s stunning skies is now subsiding, CBS Boston reported. That means there will be less chance of seeing the aurora on Friday, but there may be more opportunities in the future. 

Shawn Dahl, a forecast coordinator with the Space Weather Prediction Center, told CBS Boston that the northern lights have been so intense lately because of where the sun is in its 11-year solar cycle. Dahl said that “we are in the midst of solar maximum.”

img-9391.jpg
The northern lights were seen in southern Indiana County on October 10, 2024.

Heather Kepple


“What that means is the sun is now this twisted-up mass of strong magnetic fields, and some of these are so localized and intense they reveal themselves as these sunspot groups,” Dahl said. “That’s the source of a bunch of the space weather storms that we’re looking for and predict.”  

What causes the northern lights?

The northern lights are caused by interactions between the sun’s solar winds and the Earth’s protective magnetic field, according to NOAA. Those two phenomenons result in geomagnetic storms and increased geomagnetic activity.

The higher the geomagnetic activity is, the better your odds are of seeing the aurora. Increased geomagnetic activity means the aurora will become brighter, more active and visible farther from the poles of the planet, NOAA said. 

Even moderate solar wind creates the aurora, NOAA said, so there is usually a weak aurora visible from somewhere on Earth. The best places to see these weaker auroras is close to the planet’s poles, like in Greenland or southern Argentina. If you see the aurora near the North Pole, it’s nicknamed the northern lights. The same phenomenon near the South Pole is called the southern lights. 



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14 best high-yield savings accounts to open this October

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Diversification in business and risk management. Collage with the hand and piggy banks
Snagging the right high-yield savings account could lead to big returns on your money this October.

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After years of stubbornly high rates, the wider interest rate environment is shifting. The Fed issued a 50-basis-point cut to the benchmark rate in late September, which led rates on everything from mortgages to home equity loans to drop in tandem, alleviating some of the heavy burden that’s been weighing on borrowers recently. But while the climate of dropping rates may benefit borrowers, it isn’t nearly as beneficial for savers, as rates on deposit accounts typically fall alongside rates on loans and other borrowing products.

That said, there is still a great opportunity for savers to maximize their returns right now by putting some of their savings into a high-yield savings account. Even in today’s shifting rate landscape, many high-yield accounts continue to offer higher-than-average rates, and unlike certificate of deposit accounts (CDs), which generally require you to keep your money locked away until maturity, a high-yield savings account offers the opportunity to earn a great rate and maintain easy access to your funds.

While the rates on high-yield savings accounts are variable, meaning that they can change over time, many currently offer annual percentage yields (APYs) comparable to or even exceeding those of CDs, without you having to sacrifice liquidity. So for those seeking a balance between competitive rates and financial flexibility, exploring these high-yield savings options could be a smart move in today’s market.

See how much more you could earn with one of the best high-yield savings accounts now.

14 best high-yield savings accounts to open this October

The following high-yield savings accounts could be a good bet if you want to maximize the returns on your money this October: 

  • Pibank — 5.50%: There is no minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • TIMBR — 5.25%: There is a $1,000 minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • BrioDirect — 5.15%: There is a $5,000 minimum deposit requirement to open this account; there is a $25 minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • CloudBank 24/7 — 5.15%: There is a $1 minimum deposit requirement to open this account; there is a$1 minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • RBMAX — 5.15%: There is a $10 minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • Elevault — 5.13%: There is no minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • Bask Bank — 5.10%: There is no minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • EverBank — 5.05%: There is no minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • Jenius Bank — 5.05%: There is no minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • Flagstar Bank — 5.00%: There is a $1 minimum deposit requirement to open this account; there is a $25,000 minimum balance required to earn the stated APY; this account charges a $15 monthly service charge (which is waived with a $10,000 average balance)
  • Ivy Bank — 5.00%: There is a $2,500 minimum deposit requirement to open this account; there is a $2,500 minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • Laurel Road — 5.00%: There is no minimum deposit requirement to open this account; there is a $5,000 minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • Bread Savings — 4.95%: There is a $100 minimum deposit requirement to open this account; there is a $100 minimum balance required to earn the stated APY; this account does not charge a monthly service charge
  • First Foundation Bank — 4.90%: There is a $1,000 minimum deposit requirement to open this account; there is no minimum balance required to earn the stated APY; this account does not charge a monthly service charge

Explore the top savings rates available to you here.

The bottom line

In today’s changing rate environment, high-yield savings accounts remain a standout option for savvy savers who want to earn a high APY on their money while maintaining access to the funds in their accounts. These accounts provide significantly higher APYs compared to traditional savings accounts, with some reaching up to 5.5% currently. This makes them an attractive choice for emergency funds and short-term savings goals. By choosing the right high-yield savings account, savers can potentially earn hundreds or even thousands of dollars more in interest compared to traditional savings options. 



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