Best high-yield savings interest rates today, October 20, 2025 (Earn up to 4.36% APY)

Core Insights - Current savings account rates are significantly above the national average, but are declining due to recent Federal Reserve rate cuts [1][5] - High-yield savings accounts offer competitive interest rates, with some reaching up to 4% APY, making them an attractive option for savers [2][3] Savings Account Rates - As of October 20, 2025, the highest savings account rate available is 4.36% APY from HealthcareBank, indicating a competitive market for high-yield savings accounts [3] - The national average savings account rate is only 0.40%, while 1-year CDs average 1.70%, highlighting the disparity between average rates and top offers [5] Online Banks vs Traditional Banks - Most top savings rates are offered by online banks, which benefit from lower overhead costs and can provide higher rates and lower fees to customers [4] - Traditional savings accounts and CDs have seen some of the highest interest rates in over a decade due to Federal Reserve rate hikes, yet the national average remains low compared to the best offers [4] Choosing a Savings Account - It is crucial for consumers to compare rates and account features across various financial institutions to secure the best deal [6] - Factors beyond interest rates, such as minimum balance requirements, customer service, and financial stability of the institution, should also be considered when selecting a savings account [7]