Interest rates on savings accounts are dropping, so it’s crucial to find the best rate. The national average is 0.4%, up from 0.06% three years ago. Some accounts offer over 4% APY. The highest rate as of November 23, 2025, is 4.3% APY from SoFi.

Your earnings in a savings account depend on the APY. At 0.4%, a $1,000 deposit grows to $1,004.01 in a year. With a 4% APY, the balance would be $1,040.81, including $40.81 in interest. Depositing more can increase earnings significantly.

Take advantage of high-yield savings accounts like SoFi, offering up to 4.30% APY with a 0.70% boost for new accounts. Terms apply. Deposit $10,000 in a 4% APY account, and earn $408.08 in interest after a year. Explore the best savings rates at verified partners for better returns.

Read more at Yahoo Finance: Best high-yield savings interest rates today, November 23, 2025 (Earn up to 4.3% APY)