Interest rates on savings accounts have been declining, so it’s crucial to find the best rate available. The national average savings rate is currently at 0.40%, a significant increase from three years ago. However, some institutions are offering rates as high as 4% APY. As of October 25, 2025, Poppy Bank is offering the highest rate at 4.25% APY. The amount of interest earned in a savings account depends on the annual percentage rate (APY) and compounding frequency. By choosing a high-yield savings account with 4% APY, you could earn significantly more interest, especially with larger deposits.

Read more at Yahoo Finance: Best high-yield savings interest rates today, October 25, 2025 (Earn up to 4.25% APY)