Interest rates on savings accounts are dropping, so it’s crucial to find the best rates. The national average is 0.4%, up from 0.06% three years ago. Some accounts offer much higher rates, with a top rate of 4.3% APY from SoFi. Your earnings depend on the APY and compounding frequency.

For example, with $1,000 in an account at 0.4% interest, you’d earn $4.01 in a year. But with a high-yield account at 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 a year.

To maximize your savings, compare rates and consider high-yield accounts. SoFi offers up to 4.30% APY with a 0.70% boost for new accounts. Rates are variable and subject to change. Visit sofi.com/banking#2 for details.

Read more at Yahoo Finance: Best high-yield savings interest rates today, December 6, 2025 (Earn up to 4.3% APY)