Learn the way a lot you possibly can earn with in the present day’s financial savings charges. Rates of interest on financial savings accounts have been falling, so it’s essential to make sure you’re getting the very best price doable when buying round for a financial savings account. The next is a breakdown of financial savings rates of interest in the present day and the place to seek out the very best gives.
The nationwide common financial savings account price stands at 0.39%, in keeping with the FDIC. This may not look like a lot, however contemplate that three years in the past, it was simply 0.06%.
Though the nationwide common financial savings rate of interest is pretty low in comparison with different investments, the very best financial savings charges in the marketplace in the present day are a lot increased. In reality, among the high accounts are presently providing 4% APY and up.
As of December 28, 2025, the best financial savings account price obtainable from our companions is 4% APY. This price is obtainable by SoFi.*
Here’s a take a look at among the greatest financial savings charges obtainable in the present day from our verified companions:
The quantity of curiosity you may earn from a financial savings account depends upon the annual proportion price (APY). This can be a measure of your whole earnings after one 12 months when contemplating the bottom rate of interest and the way typically curiosity compounds (financial savings account curiosity sometimes compounds day by day).
Say you place $1,000 in a financial savings account on the common rate of interest of 0.39% with day by day compounding. On the finish of 1 12 months, your steadiness would develop to $1,003.91 — your preliminary $1,000 deposit, plus simply $3.91 in curiosity.
Now let’s say you select a high-yield financial savings account that provides 4% APY as a substitute. On this case, your steadiness would develop to $1,040.81 over the identical interval, which incorporates $40.81 in curiosity.
The extra you deposit in a financial savings account, the extra you stand to earn. If we took our identical instance of a high-yield financial savings account at 4% APY, however deposit $10,000, your whole steadiness after one 12 months could be $10,408.08, that means you’d earn $408.08 in curiosity.
Learn extra: What is an efficient financial savings account price?
*Earn as much as 4.30% Annual Proportion Yield (APY) on SoFi Financial savings with a 0.70% APY Increase (added to the three.60% APY as of 11/12/25) for as much as 6 months. Open a brand new SoFi Checking & Financial savings account and enroll in SoFi Plus by 1/31/26. Charges variable, topic to alter. Phrases apply at sofi.com/banking#2. SoFi Financial institution, N.A. Member FDIC.
