Find out how much you can earn with today’s savings rates. Interest rates on savings accounts are falling, so it’s important to make sure you’re getting the best rate when shopping around for a savings account. Below is a breakdown of today’s savings interest rates and where to find the best offers.
According to the FDIC, the national average savings account rate stands at 0.39%. This may not seem like much, but consider that three years ago, it was only 0.06%.
Although the national average savings interest rate is very low compared to other investments, the best savings rate in the market today is very high. In fact, some top accounts currently offer 4% APY and up.
Today, the highest savings rate available from our partners is 4% APY. This rate is offered by SoFi* and Valley Bank Direct.
Here’s a look at some of today’s best savings rates from our verified partners:
The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is the amount of your total income after one year when taking into account the base interest rate and how many times the interest is compounded (savings account interest is usually compounded daily).
Say you keep $1,000 in a savings account with daily compounding at an average interest rate of 0.39%. At the end of one year, your balance will increase to $1,003.91 – your original $1,000 deposit, and only $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 take the same high yield savings account as our example at 4% APY, but deposit $10,000, then after one year your total balance will be $10,408.08, which means you will earn $408.08 in interest. of the
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 for up to 6 months (added to 3.30% APY as of 12/23/25). Open a new SoFi Checking and Savings account and enroll in SoFi Plus by 1/31/26. Prices are variable, subject to change. Terms apply sofi.com/banking#2. SoFi Bank, NA Member FDIC.
