Interest rates on savings accounts are dropping, so finding the best rate is crucial. The national average savings rate is 0.4%, but some accounts offer up to 4% APY. The highest rate available is 4.5% from SoFi. Your earnings depend on the APY and compounding frequency.

For example, with $1,000 at 0.4% APY, you’d earn $4.01 in a year. But with 4% APY, you’d earn $40.81. The more you deposit, the more you earn. With $10,000 at 4% APY, you’d earn $408.08 in interest in a year. Check out the best rates and boost your savings.

Read more at Yahoo Finance: Best high-yield savings interest rates today, November 8, 2025 (Earn up to 4.5% APY)