Interest rates on savings accounts have been declining, so it’s crucial to ensure you’re getting the best rate possible. The national average savings account rate is currently 0.40%, but some top accounts offer 4% APY and higher. The highest savings account rate available is 4.25% APY from Poppy Bank. Your earnings depend on the annual percentage rate (APY) and compounding frequency. For example, $1,000 at 0.40% interest would grow to $1,004.01 in a year, while at 4% APY, it would reach $1,040.81. Depositing more can increase your earnings significantly, with $10,000 earning $408.08 in one year.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 21, 2025 (Earn up to 4.25% APY)