Interest rates on savings accounts have been dropping, so it’s crucial to find the best rates available. The national average savings rate is currently 0.40%, a significant increase from 0.06% three years ago. However, some accounts are offering much higher rates, with the highest at 4.25% APY from Poppy Bank. Your earnings from a savings account depend on the APY, with a $1,000 deposit at 0.40% earning just $4.01 in interest annually. Opting for a high-yield account at 4% APY could earn you $40.81 in interest on the same deposit. Depositing more can increase your earnings significantly, with a $10,000 deposit earning $408.08 in interest.

Read more at Yahoo Finance: Best high-yield savings interest rates today, September 28, 2025 (Earn up to 4.25% APY)