Best high-yield savings rates today, October 10, 2025 (up to 4.25% APY)

Find out if now is a good time to put your money into a savings account. The Fed cut the federal funds rate three times in late 2024, and recently announced its first rate cut in 2025. As a result, deposit rates are falling from historic highs. However, it is possible to find high-yield savings accounts that pay upwards of 4% APY. So, if you’re looking for the best prices available today, here’s a breakdown of where to find them.

Although interest rates on savings are high by historical standards, the national average rate for savings accounts is still just 0.40%, according to the Federal Deposit Insurance Corporation (FDIC). The good news: Top high-yield savings accounts Offering more than 10 times the national average.

As of October 10, 2025, the highest savings account rate available from our partners is 4.25% APY. This price is offered by Poppy Bank.

Here’s a look at some of the best savings rates available today from our approved partners:

Remember, it’s important to shop before Open a savings account. Interest rates vary widely, but many banks (in particular, Online banks) and credit unions with very competitive offers.

Online banks operate exclusively over the web. This significantly reduces their overhead costs, so they are able to pass these savings on to clients in the form of high deposit interest rates and low fees. In fact, many of the best high-yield savings accounts also come with no monthly fees or minimum opening deposit requirements. If you are looking for the best savings interest rates, Online banks are a great place to start.

However, online banks aren’t the only place you can find savings accounts with rates between 4% and 5% APY. Credit unions They are non-profit financial cooperatives and are also known for offering competitive rates and lower fees. Many credit unions have certain requirements that must be met to become a member, although some allow almost anyone to join.

Savings accounts are one of the safest places you can put your money. They’re insured by the Federal Deposit Insurance Corporation (or NCUA in the case of credit unions), which means your deposits are protected up to $250,000 if your financial institution fails. They also cannot lose money due to market fluctuations.

However, a savings account is not always the right choice. Although today’s savings interest rates are high by historical standards, they still do not offer the same returns you can achieve by investing your money in the market. For long-term savings goals like retirement, you need to invest the bulk of your savings in higher-risk (but higher-reward) market investments like stocks, index funds, and mutual funds to reach your goal.

But if you’re saving for a short-term goal like a down payment on a house, a vacation, or even a house Emergency fundA high-yield savings account is one of the best options. This is especially true if you want to access your money as needed; Other types of high-yield deposit accounts, including money market accounts and… Certificates of deposit (CDs) place more limits on the number of times you can make withdrawals.