Today’s national average savings account rate is 0.39%, a significant increase from 0.06% three years ago. However, some top accounts are offering 4% APY and higher. The highest savings account rate available as of September 14, 2025, is 4.30% APY from EverBank and Western Alliance. Interest earned on savings accounts depends on the APY, with daily compounding being common. For example, with a $1,000 deposit at 0.39% interest, you’d earn $3.91 in a year. Opting for a high-yield savings account with 4% APY could earn you $40.81 on that same deposit. Depositing more can significantly increase your earnings, with $10,000 potentially earning you $408.08 in interest.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 14, 2025 (Earn up to 4.30% APY)