Savings interest rates are falling due to the Federal Reserve cutting its target rate three times in late 2024. The national average savings account rate is currently at 0.38%, up from 0.06% three years ago. However, some of the best savings rates on the market are offering 4% APY and higher. As of July 19, 2025, the highest savings account rate available is 4.3% APY with no minimum deposit required. The more you deposit in a savings account, the more interest you stand to earn, so it’s important to shop around for the best rates available.

Read more at Yahoo Finance: Best savings interest rates today, July 19, 2025 (earn up to 4.3% APY)