Best high-yield savings interest rates today, November 8, 2025 (Earn up to 4.5% APY)

Overview of Savings Interest Rates - The national average savings account rate is currently 0.4%, a significant increase from 0.06% three years ago [2] - Despite the low national average, some top savings accounts are offering rates as high as 4% APY and above [2] Best Savings Rates - The highest savings account rate available from partners is 4.5% APY, offered by SoFi [3] - The amount of interest earned from a savings account is determined by the annual percentage rate (APY) and the frequency of interest compounding, which is typically daily [3] Interest Earnings Example - A $1,000 deposit at the average interest rate of 0.4% would yield a total of $1,004.01 after one year, resulting in $4.01 in interest [4] - In contrast, a $1,000 deposit in a high-yield savings account with a 4% APY would grow to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount - Increasing the deposit amount significantly boosts potential earnings; for example, a $10,000 deposit in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, earning $408.08 in interest [5]