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Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have fallen, so it’s important that you get the best interest rate possible when purchasing a savings account. Below is a breakdown of current savings interest rates and where to find the best deals.
The National average interest rate for savings accounts is 0.40% according to the FDIC. That may not seem like a lot, but consider that three years ago it was only 0.06%.
Although the national savings rate is relatively low compared to other investments, the best savings rates on the market today are much higher. In fact, some of the top accounts currently offer 4% APY and more.
As of October 18, 2025, the highest savings account interest rate available from our partners is 4.36% APR. This tariff is offered by HealthcareBank.
Here’s a look at some of the best savings plans available today from our verified partners:
The amount of interest you can earn from a savings account depends on this effective annual interest rate (APY). This is a measure of your total earnings after one year, taking into account the base interest rate and compounding interest (savings account interest is usually calculated daily).
Suppose you put $1,000 into a savings account with an average interest rate of 0.40% and compounding daily. At the end of a year, your balance would grow to $1,004.01 – your first $1,000 deposit plus just $4.01 in interest.
Now let’s say you choose a High interest savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, including interest of $40.81.
The more you put into a savings account, the more you can earn. If we take the same example of a high interest savings account with 4% APR but deposit $10,000, your total balance after one year will be $10,408.08, meaning you would earn $408.08 in interest.
