Best high-yield savings interest rates today, December 29, 2025 (Earn up to 4% APY)

Core Insights - The Federal Reserve has cut the federal funds rate three times in both 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, significantly above the national average [2][3] - The national average savings account rate is currently just 0.39%, while 1-year CDs average 1.63% [5] - The majority of competitive savings rates are provided by online banks, which have lower overhead costs and can offer better rates and lower fees [3][4] Group 2: Choosing a Savings Account - It is essential for consumers to compare rates and account features from various financial institutions to secure the best deal [6] - Factors to consider include minimum balance requirements, customer service, ATM access, digital banking tools, and the financial stability of the institution [7] - Ensuring that the savings account is insured by the FDIC or NCUA is critical for protecting deposits [7]