Best high-yield savings interest rates today, December 1, 2025 (Earn up to 4.3% APY)

Core Insights - The Federal Reserve has cut the federal funds rate multiple times in 2024 and 2025, leading to a decline in deposit account rates, making it crucial for consumers to seek high-yield savings accounts to maximize interest earnings [1][5] Group 1: Savings Account Rates - High-yield savings accounts can offer interest rates as high as 4% APY or more, significantly better than traditional savings accounts [2][3] - As of December 1, 2025, the highest savings account rate available is 4.3% APY from SoFi, with most competitive rates coming from online banks due to lower overhead costs [3][4] - The national average savings account rate is currently just 0.40%, while 1-year CDs average 1.68%, indicating a disparity between average and top rates [5] Group 2: Choosing a Savings Account - It is essential for consumers to compare rates and account features across various financial institutions to secure the best deal [6] - Factors beyond interest rates, such as minimum balance requirements, customer service, ATM access, and financial stability of the institution, should also be considered when selecting a savings account [7]