Interest rates on savings accounts have been decreasing, making it crucial to find the best rate possible. The national average savings account rate is currently at 0.40%, up from 0.06% three years ago. However, some top accounts offer much higher rates, with the highest rate available being 4.25% APY from Poppy Bank. The amount of interest earned depends on the APY, with $1,000 in an account at 0.40% growing to $1,004.01 in one year. Choosing a high-yield savings account at 4% APY would result in a balance of $1,040.81 after a year. Depositing more money allows for higher earnings, with $10,000 in a 4% APY account growing to $10,408.08 after a year.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 20, 2025 (Earn up to 4.25% APY)