- Personal Finance
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Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have been falling, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers.
Overview of savings interest rates today
The national average savings account rate stands at 0.39%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%.
Although the national average savings interest rate is fairly low compared to other investments, the best savings rates on the market today are much higher. In fact, some of the top accounts are currently offering 4% APY and up.
Today, the highest savings account rate available from our partners is 4% APY. This rate is offered by SoFi* and Valley Bank Direct.
Here is a look at some of the best savings rates available today from our verified partners:
How much interest can I earn with a savings account?
The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (savings account interest typically compounds daily).
Say you put $1,000 in a savings account at the average interest rate of 0.39% with daily compounding. At the end of one year, your balance would grow to $1,003.91 — your initial $1,000 deposit, plus just $3.91 in interest.
Now let’s say you choose a high-yield savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest.
The more you deposit in a savings account, the more you stand to earn. If we took our same example of a high-yield savings account at 4% APY, but deposit $10,000, your total balance after one year would be $10,408.08, meaning you’d earn $408.08 in interest.
Read more: What is a good savings account rate?
*Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.30% APY as of 12/23/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates variable, subject to change. Terms apply at sofi.com/banking#2. SoFi Bank, N.A. Member FDIC.
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10 savings accounts with interest rates of 4% APY and higher (updated weekly)
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What is a good savings account interest rate in 2025?
Currently, a good savings account interest rate is an annual percentage yield of around 4%. However, rates can fluctuate over time. Here’s how to ensure you’re getting the best rate possible.
How to choose the right high-yield savings account for you
When choosing the best savings account for your needs, look closely at the account fees, rate terms, customer service options, and how easily you can make withdrawals and deposits.
How do banks set their savings account interest rates?
Banking rates are influenced by a variety of factors, and they can change at any time. Here’s a look at how bank savings interest rates are set, and how to find an account with a competitive rate.
