Best high-yield savings interest rates today, November 25, 2025 (Earn up to 4.3% APY)

Core Insights - High-yield savings account rates are declining, but some accounts still offer rates above 4% APY, necessitating research for competitive offers [1][2] Interest Rates Overview - The average interest rate for traditional savings accounts is currently 0.40% as per FDIC data, while high-yield accounts can offer significantly higher rates [2] - As of November 25, 2025, the highest savings account rate available is 4.3% APY from SoFi [2][7] Historical Context - Savings account interest rates have seen significant fluctuations over the past decade, with rates between 0.06% to 0.10% from 2010 to 2015 due to the 2008 financial crisis and subsequent Federal Reserve actions [3] - From 2015 to 2018, rates gradually increased but remained low historically; the COVID-19 pandemic in 2020 caused another sharp decline, bringing rates down to around 0.05% to 0.06% by mid-2021 [4] - Following the pandemic, rates recovered due to Federal Reserve interest rate hikes in response to inflation, but recent cuts in 2024 and 2025 have led to declining deposit rates [5] Savings Account Suitability - High-yield savings accounts are suitable for short-term savings goals such as emergency funds or vacations, while long-term goals may require different investment strategies due to lower average savings account rates [5][6] - Other deposit accounts like money markets and CDs may offer competitive rates but come with withdrawal restrictions, emphasizing the importance of finding accounts with low or no fees [6]