Best high-yield savings rates today, October 12, 2025 (earn up to 4.31% p.a.)

Find out how much you could earn using current savings rates. Interest rates on savings accounts have dropped, so it’s important to make sure you get the best possible rate when shopping for a savings account. Here’s a breakdown of today’s savings interest rates and where to find the best offers.

the Average national savings account rate The interest rate is 0.40%, according to the Federal Deposit Insurance Corporation (FDIC). This may not seem like a lot, but keep in mind that three years ago, it was just 0.06%.

Although the average interest rate on national savings is fairly low compared to other investments, the best savings rates on the market today are much higher. In fact, some of the best accounts currently offer 4% APY and above.

As of October 12, 2025, the highest savings account rate available from our partners is 4.31% APY. This price is offered by View Bank. Here’s a look at some of the best savings rates available today from our approved partners:

The amount of interest you can earn from a savings account depends on Annual percentage rate (my dad). This is a measure of your total earnings after one year when considering the prime interest rate and how often interest is compounded (interest on a savings account typically accrues daily).

Let’s say you put $1,000 into a savings account with an average interest rate of 0.40% with daily compounding. At the end of one year, your balance will grow to $1,004.01 – your initial deposit of $1,000, plus just $4.01 in interest.

Now suppose you choose A High-yield savings account Which offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest.

The more you deposit into a savings account, the more chances you have to earn. If we take our same example of a high-yield savings account with 4% APY, but you deposit $10,000, your total balance after one year will be $10,408.08, which means you will earn $408.08 in interest. ​​

Read more: What is a good savings account rate?