Now may be a good time to consider putting money in a savings account as deposit interest rates are falling. Despite this, high-yield savings accounts offering over 4% APY are still available. National average rate for savings accounts is 0.40%, but top high-yield accounts offer over 10 times that.

The highest savings account rate available as of September 26, 2025, is 4.25% APY from Poppy Bank. It’s important to compare rates before opening an account as they vary widely. Online banks often offer competitive rates due to lower overhead costs, with many high-yield accounts having zero fees or minimum deposits.

In addition to online banks, credit unions also offer competitive rates ranging between 4% and 5% APY. Credit unions are known for fewer fees and certain membership requirements. Savings accounts are safe with FDIC or NCUA insurance up to $250,000 and are not subject to market fluctuations.

While savings accounts are safe, they may not offer the same returns as market investments like stocks for long-term goals. For short-term goals, high-yield savings accounts are ideal, allowing easy access to funds. Other options like CDs have withdrawal restrictions. It’s important to assess your financial goals before deciding where to save.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 26, 2025 (up to 4.25% APY return)