Interest rates on savings accounts have been declining, but some of the best rates available today are as high as 4% APY. The national average savings rate is currently 0.40%, according to the FDIC. As of October 12, 2025, the highest savings rate available is 4.31% APY from Vio Bank. The amount of interest you earn depends on the annual percentage rate (APY) and how often interest compounds. For example, with $1,000 in a high-yield savings account at 4% APY, you could earn $40.81 in interest after one year. The more you deposit, the more you can earn in interest.

Read more at Yahoo Finance: Best high-yield savings interest rates today, October 12, 2025 (Earn up to 4.31% APY)