Interest rates on savings accounts are dropping, so ensure you’re getting the best rate. The national average is 0.4%, up from 0.06% three years ago. Top accounts offer 4% APY or more. SoFi offers the highest rate at 4.3% APY.

The interest you earn in a savings account depends on the APY and compounding frequency. At 0.4% APY, $1,000 would earn $4.01 in a year. Opting for a 4% APY account would earn you $40.81 on the same deposit.

The more you deposit, the more you earn. With $10,000 in a 4% APY account, you could earn $408.08 in a year. Ensure you’re maximizing your savings potential with high-yield accounts offering competitive rates.

Read more at Yahoo Finance: Best high-yield savings interest rates today, November 29, 2025 (Earn up to 4.3% APY)