Best high-yield savings interest rates today, November 21, 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 accounts can offer rates over 10 times this average, with SoFi providing the highest rate at 4.3% APY as of November 21, 2025 [2][8] - Online banks and credit unions are highlighted as key providers of competitive savings account rates, often offering zero monthly fees and low minimum deposit requirements [3][4] Group 1: Online Banks - Online banks have lower overhead costs, allowing them to offer higher deposit rates and lower fees compared to traditional banks [3] - Many high-yield savings accounts from online banks come with no monthly fees or minimum opening deposit requirements, making them attractive options for consumers [3] Group 2: Credit Unions - Credit unions, as not-for-profit financial cooperatives, also provide competitive savings rates and fewer fees, although membership requirements may vary [4] Group 3: Savings Account Considerations - Savings accounts are insured by the FDIC or NCUA, protecting deposits up to $250,000, making them a safe option for short-term savings goals [5] - While current savings interest rates are high by historical standards, they may not match the potential returns from market investments for long-term goals [6] - High-yield savings accounts are particularly suitable for short-term savings needs, such as down payments or emergency funds, due to their accessibility compared to other deposit accounts [7]