Find out how much you could earn at current savings rates. Savings account interest rates have been falling, so it’s important to make sure you’re getting the best rate possible when looking for a savings account. The following is a breakdown of current savings interest rates and where to find the best deals.
The national average savings account rate is 0.39%, according to the FDIC. This may not seem like much, but consider that three years ago, it was just 0.06%.
Although the national average savings interest rate is quite 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 an APY of 4% or more.
As of February 15, 2026, the highest savings account rate available from our partners is 4% APY. This rate is offered by SoFi,* Valley Bank Direct and Barclays.
Below are some of the best savings rates available today from our verified partners:
The amount of interest you can earn with a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year by taking into account the base interest rate and how often the interest is compounded (interest on savings accounts is typically compounded daily).
Let’s say you deposit $1,000 into a savings account at an average interest rate of 0.39% compounded daily. At the end of a year, your balance would grow to $1,003.91—your initial deposit of $1,000, plus just $3.91 in interest.
Now let’s say you choose a high-yield savings account that offers 4% APY. 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 you can earn. If we took the same example of a high-yield savings account with a 4% APY, but deposited $10,000, your total balance after one year would be $10,408.08, meaning you would earn $408.08 in interest. ​
Read more: What is a good rate for a savings account?
*Earn up to 4.00% Annual Percentage Yield (APY) on SoFi savings with a 0.70% APY boost (added to 3.30% APY as of 12/23/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 01/31/26. Variable rates, subject to change. The terms apply in sofi.com/banking#2. SoFi Bank, NA Member FDIC.