Interest rates on savings accounts are dropping, so it’s crucial to find the best rate available. The national average savings rate is currently 0.4%, a significant increase from 0.06% three years ago. However, some top accounts offer rates as high as 4% APY.

The highest savings account rate available today is 4.3% APY, offered by SoFi. Your earnings from a savings account depend on the APY, with daily compounding for maximum growth.

Choosing a high-yield savings account with 4% APY could earn you $40.81 in interest on a $1,000 deposit over a year. Depositing $10,000 in the same account could result in $408.08 in interest.

SoFi offers up to 4.30% APY on their Savings account with a 0.70% APY Boost for up to 6 months. Visit sofi.com/banking#2 for more details.

Read more at Yahoo Finance: Best high-yield savings interest rates today, November 15, 2025 (Earn up to 4.3% APY)