Best high-yield savings interest rates today, November 28, 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 28, 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 and Credit Unions - Online banks have lower overhead costs, allowing them to offer higher deposit rates and lower fees, making them a favorable option for consumers seeking the best savings interest rates [3] - Credit unions, as not-for-profit financial cooperatives, also provide competitive rates and fewer fees, although membership requirements may vary [4] Group 2: Savings Account Considerations - Savings accounts are considered one of the safest places for deposits, insured by the FDIC or NCUA up to $250,000, protecting against financial institution failures [5] - While current savings interest rates are high by historical standards, they do not match potential returns from market investments, which are more suitable for long-term savings goals [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 like money market accounts or CDs [7]