Interest rates on savings accounts have been dropping, so it’s crucial to find the best rate possible. The national average savings account rate is currently 0.40%, up from 0.06% three years ago. However, some accounts offer rates as high as 4% APY. The highest savings account rate available is 4.25% APY from Poppy Bank. The amount of interest earned depends on the APY and how often interest compounds. A $1,000 deposit at 0.40% would earn $4.01 in a year, while a 4% APY account would earn $40.81. A higher deposit means more earnings, with $10,000 earning $408.08 in one year.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 27, 2025 (Earn up to 4.25% APY)