Best high-yield savings interest rates today, November 14, 2025 (up to 4.3% APY return)

Core Insights - The Federal Reserve has recently cut the federal funds rate, leading to a decline in deposit interest rates from historic highs, yet high-yield savings accounts still offer rates above 4% APY [1][2] - The national average savings account interest rate is currently 0.4%, while top high-yield savings accounts can offer rates more than 10 times this average, with SoFi currently offering the highest rate at 4.3% APY [2][8] Group 1: Online Banks - Online banks typically have lower overhead costs, allowing them to offer higher deposit rates and lower fees, making them a strong option for high-yield savings accounts [3] - Many online banks provide accounts with zero monthly fees and no minimum opening deposit requirements, enhancing their attractiveness [3] Group 2: Credit Unions - Credit unions also offer competitive savings account rates ranging from 4% to 5% APY, often with fewer fees compared to traditional banks [4] - Membership requirements for credit unions can vary, with some allowing open membership, which can be beneficial for consumers seeking high rates [4] Group 3: Savings Account Considerations - Savings accounts are considered one of the safest places for deposits, insured by the FDIC or NCUA up to $250,000, providing security against financial institution failures [5] - While current savings rates are high by historical standards, they may not match the potential returns from market investments for long-term goals like retirement [6] - For short-term savings goals, such as a home down payment or emergency fund, high-yield savings accounts are recommended due to their accessibility compared to other deposit accounts [7]