Best high-yield savings interest rates today, January 17, 2026 (Earn up to 4% APY)

Core Insights - The national average savings account interest rate is currently 0.39%, a significant increase from 0.06% three years ago [2] - Some of the best savings accounts are offering rates as high as 4% APY, indicating a competitive market for high-yield savings options [2][3] Summary of Savings Interest Rates - The national average savings account rate is 0.39% as reported by the FDIC, which is relatively low compared to other investment options [2] - The highest savings account rates available today reach up to 4% APY, offered by institutions such as SoFi, Valley Bank Direct, and Barclays [3] Interest Earnings Potential - A deposit of $1,000 at the average interest rate of 0.39% would yield a total of $1,003.91 after one year, resulting in $3.91 in interest [4] - In contrast, a high-yield savings account with a 4% APY would grow the same $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amounts - Increasing the deposit amount significantly enhances potential earnings; for example, a $10,000 deposit in a high-yield savings account at 4% APY would result in a total balance of $10,408.08 after one year, earning $408.08 in interest [5]