Find out how much you could earn with today’s savings rates. Interest rates on savings accounts have been falling, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the best offers. Overview of savings interest rates today The national average savings account rate stands at 0.39%, according to the FDIC. This might not seem like much, but consider that three years ag ...

Overview of Savings Interest Rates - The national average savings account rate is currently 0.40%, a significant increase from 0.06% three years ago [2][3] - Some of the best savings rates available today exceed 4% APY, with the highest being 4.25% APY offered by Poppy Bank as of September 21, 2025 [3][4] Interest Earnings from Savings Accounts - The interest earned from a savings account is determined by the annual percentage rate (APY) and the frequency of compounding, which is typically daily [3][4] - For an average interest rate of 0.40%, a $1,000 deposit would yield $4.01 in interest after one year, resulting in a total balance of $1,004.01 [4] - In contrast, a high-yield savings account with a 4% APY would grow a $1,000 deposit to $1,040.81, earning $40.81 in interest over the same period [4] Impact of Deposit Amount on Interest Earnings - The amount deposited in a savings account directly affects the interest earned; 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]