Interest rates on savings accounts are dropping, so it’s crucial to find the best rate available. The national average savings rate is 0.39%, up from 0.06% three years ago. While this may seem low, the top savings accounts are offering rates as high as 4% APY. The highest rate available today is 4.3% APY from SoFi. Your earnings depend on the APY and compounding frequency. For example, a $1,000 deposit at 0.39% APY with daily compounding grows to $1,003.91 in a year, while a 4% APY account would yield $1,040.81. The more you deposit, the more you earn.

Read more at Yahoo Finance: Best high-yield savings interest rates today, December 20, 2025 (Earn up to 4.3% APY)