The Federal Reserve’s recent rate cuts have caused deposit interest rates to drop from historic highs. Despite this, high-yield savings accounts offering over 4% APY are still available. The national average for savings accounts is just 0.4%, but top high-yield accounts can exceed 10 times that rate. SoFi currently offers the highest rate at 4.3% APY. Online banks and credit unions also provide competitive rates and lower fees compared to traditional banks. Savings accounts are a safe option for short-term goals, but investing in the stock market may yield higher returns for long-term objectives like retirement.

Read more at Yahoo Finance: Best high-yield savings interest rates today, December 12, 2025 (up to 4.3% APY return)