High-yield savings account rates continue to drop, but some still offer over 4% APY. Research is key to finding the best rates. The average interest rate for traditional savings accounts is only 0.39%, while high-yield accounts offer much higher rates, with some partners offering 4% APY.

The highest savings account rates available as of January 13, 2026, are 4% APY from partners like SoFi, Valley Bank Direct, and Barclays. Over the past decade, savings interest rates have fluctuated due to various economic factors, hitting lows of 0.05% to 0.06% in 2021.

Despite recent increases, average savings account rates remain low. For long-term goals, consider other investments. For short-term goals, high-yield savings accounts are ideal for easy access to funds. Compare options like money markets and CDs to find competitive rates with low fees. Make sure to shop around for the best deals.

Earn up to 4.00% APY on SoFi Savings with a 0.70% APY boost for up to 6 months. Rates are variable and subject to change. Terms apply. Visit sofi.com/banking#2 for more information. SoFi Bank, N.A. Member FDIC.

Read more at Yahoo Finance: Best high-yield savings interest rates today, January 13, 2026 (Earn up to 4% APY)