Today’s national average savings account rate is 0.40%, a significant increase from 0.06% three years ago, according to the FDIC. However, some top accounts offer rates as high as 4% APY. As of October 5, 2025, the highest savings account rate available is 4.31% APY from Vio Bank. The amount of interest earned depends on the annual percentage rate (APY), with daily compounding being common. For example, $1,000 at 0.40% interest would yield $1,004.01 after one year, while $10,000 at 4% APY could earn $408.08. Choosing a high-yield savings account can significantly increase your earnings.

Read more at Yahoo Finance: Best high-yield savings interest rates today, October 5, 2025 (Earn up to 4.31% APY)