Interest rates on savings accounts have been decreasing, so it’s crucial to find the best rate available. The national average savings account rate is currently 0.39%, a significant increase from 0.06% three years ago. However, some accounts are offering much higher rates, with the highest being 4.30% APY as of September 13, 2025, from EverBank and Western Alliance. The amount of interest earned depends on the APY, with a high-yield savings account at 4% APY yielding $40.81 in interest on a $1,000 deposit. Higher deposits mean more earnings, with $10,000 yielding $408.08 in interest after one year.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 13, 2025 (Earn up to 4.30% APY)