Interest rates on savings accounts have been dropping, so it’s crucial to find the best rate. The national average savings rate is 0.39%, but some accounts offer much higher rates, up to 4% APY. As of August 30, 2025, the highest rate available is 4.30% APY from EverBank, Western Alliance Bank, and BrioDirect. Your earnings depend on the APY, with $1,000 in a 0.39% account earning $3.91 in a year, compared to $40.81 in a 4% APY account. Depositing more can lead to higher earnings, like $408.08 with $10,000 in a 4% APY account.

Read more at Yahoo Finance: Best high-yield savings interest rates today, August 30, 2025 (Earn up to 4.3% APY)