Best high-yield savings interest rates today, October 17, 2025 (up to 4.36% APY return)

Core Insights - The Federal Reserve has cut the federal funds rate three times in late 2024 and recently announced its first rate cut of 2025, leading to a decline in deposit interest rates from historic highs [1] - Despite the overall decline, high-yield savings accounts are still available, with some offering rates above 4% APY [1] Summary by Sections Current Savings Rates - The national average savings account interest rate is currently 0.40%, while top high-yield savings accounts can offer rates more than 10 times this average [2] - As of October 17, 2025, the highest savings account rate available is 4.36% APY from HealthcareBank [2] Best Options for Savings Accounts - Online banks typically offer the best savings account rates due to lower overhead costs, allowing them to provide high deposit rates and low fees [4] - Credit unions also offer competitive rates and fewer fees, although membership requirements may apply [5] Safety and Suitability of Savings Accounts - Savings accounts are insured by the FDIC or NCUA, protecting deposits up to $250,000, making them a safe option for storing money [6] - While savings accounts provide safety, they may not yield the same returns as market investments for long-term goals [7] - High-yield savings accounts are ideal for short-term savings goals, allowing easier access to funds compared to other deposit accounts [8]