Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have fallen, so it’s important to make sure you’re getting the best possible rate when looking for a savings account. The following is a breakdown of current savings interest rates and where to find the best deals.
THE national average savings account rate amounts to 0.39%, according to the FDIC. That may not seem like much, but consider that three years ago that figure was just 0.06%.
Although the average national savings interest rate is quite low compared to other investments, the best savings rates currently available in the market are much higher. In fact, some of the best accounts currently offer 4% APY and above.
As of January 25, 2026, the highest savings rate available from our partners is 4% APY. This rate is offered by SoFi,* Valley Bank Direct and Barclays.
Here’s a look at some of the best savings rates available today from our verified partners:
The amount of interest you can earn on a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year, taking into account the base interest rate and how often interest compounds (savings account interest typically compounds daily).
Let’s say you put $1,000 in a savings account with an average interest rate of 0.39% with daily compounding. After a year, your balance would reach $1,003.91 – your initial deposit of $1,000, plus just $3.91 in interest.
Now let’s say you choose a high yield savings account which offers 4% APY instead. In this case, your balance would increase to $1,040.81 over the same period, which includes $40.81 in interest.
The more you deposit into a savings account, the more likely you are to win. If we take 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 would earn $408.08 in interest.
Learn more: What is a good savings rate on a savings account?
*Earn up to 4.00% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY boost (added to 3.30% APY as of 12/23/25) for up to 6 months. Open a new SoFi Checking & Savings account and sign up for SoFi Plus by 1/31/26. Variable rates, subject to change. Conditions apply to sofi.com/banking#2. SoFi Bank, Member NA, FDIC.
