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 for a savings account. The following breaks down current savings rates and where to find the best offers.
Overview of Savings Interest Rates Today
The national average savings account rate stands at 0.38%, according to the FDIC. This figure reflects a notable rise from just 0.06% three years ago.
While the national average remains modest compared with other investment options, the best rates on the market today are significantly higher. Some leading accounts now offer 4% APY and above.
On Sunday, June 28, 2026, the highest rate we track is 4.10% APY, provided by Bask Bank.
Here is a look at some of the best savings rates currently available from our verified partners:
How Much Interest Can You Earn With a Savings Account?
The amount of interest you earn depends on the annual percentage yield (APY). This metric captures total earnings over a year, factoring in the base rate and how often interest compounds—most savings accounts compound daily.
For example, a $1,000 deposit at the national average rate of 0.38% with daily compounding would grow to $1,003.81 after one year, adding $3.81 in interest.
Choosing a high‑yield account that offers 4% APY would increase that balance to $1,040.81, adding $40.81 in earnings over the same period.
The effect scales with larger principals. Depositing $10,000 in a high‑yield account at 4% APY would grow to $10,408.08 after a year, generating $408.08 in interest.
