If you’re considering a savings account, now might be a good time. The Federal Reserve’s recent rate cuts have caused deposit interest rates to drop, but some high-yield accounts are still offering over 4% APY. The national average is just 0.4%, so it’s crucial to shop around for the best rates.

As of November 21, 2025, the highest savings account rate available is 4.3% APY from SoFi. Online banks are a great place to start looking for competitive rates, as they operate with fewer overhead costs and offer high rates along with low fees.

Savings accounts are FDIC-insured and provide a secure place for your money, with protection up to $250,000. While they may not offer the high returns of market investments, they are ideal for short-term goals like building an emergency fund or saving for a down payment.

For those seeking accessible savings, high-yield accounts like those offered by online banks and credit unions are a good option. These accounts often have no monthly fees or minimum deposit requirements, making them a convenient choice for those looking to grow their savings at a competitive rate.

Read more at Yahoo Finance: Best high-yield savings interest rates today, November 21, 2025 (up to 4.3% APY return)