Today’s savings account rates are still above the national average, but they have been declining due to Federal Reserve rate cuts. High-yield savings accounts offer up to 4% APY and are available mostly through online banks with lower overhead costs, passing on better rates to customers.

As of December 29, 2025, the highest savings account rate available is 4% APY, offered by SoFi. Traditional savings accounts and CDs offer some of the highest rates seen in over a decade, despite Fed rate cuts. Savers should take advantage of high rates before further cuts.

Comparing accounts and rates from various financial institutions is essential to secure the best deal. Consider factors like minimum balance requirements, customer service, ATM access, and financial stability. Make sure the savings account is insured by the FDIC or NCUA for protection against institution failure.

Read more at Yahoo Finance: Best high-yield savings interest rates today, December 29, 2025 (Earn up to 4% APY)