Interest rates on savings accounts have been dropping, so it’s crucial to find the best rates available. The national average savings account rate is 0.39%, but some accounts offer up to 4% APY. The highest rate currently available is 4% APY from SoFi. Your earnings depend on the APY and compounding frequency.

For example, with $1,000 at 0.39% interest, you’d earn $3.91 in a year. But with a 4% APY account, you could earn $40.81. Depositing more can increase your earnings; with $10,000, you could earn $408.08 in a year. Explore the best savings rates today to maximize your savings potential.

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