Learn the way a lot you may earn with right this moment’s financial savings charges. Rates of interest on financial savings accounts have been falling, so it’s necessary to make certain you’re getting one of the best fee doable when purchasing round for a financial savings account. The next is a breakdown of financial savings rates of interest right this moment and the place to seek out one of the best affords.
The nationwide common financial savings account fee stands at 0.39%, in response to the FDIC. This won’t appear to be a lot, however contemplate that three years in the past, it was simply 0.06%.
Though the nationwide common financial savings rate of interest is pretty low in comparison with different investments, one of the best financial savings charges in the marketplace right this moment are a lot larger. In reality, among the prime accounts are at the moment providing 4% APY and up.
As of January 25, 2026, the very best financial savings account fee accessible from our companions is 4% APY. This fee is obtainable by SoFi,* Valley Financial institution Direct, and Barclays.
Here’s a take a look at among the finest financial savings charges accessible right this moment from our verified companions:
The quantity of curiosity you’ll be able to earn from a financial savings account depends upon the annual proportion fee (APY). It is a measure of your complete earnings after one yr when contemplating the bottom rate of interest and the way typically curiosity compounds (financial savings account curiosity usually compounds day by day).
Say you place $1,000 in a financial savings account on the common rate of interest of 0.39% with day by day compounding. On the finish of 1 yr, your steadiness would develop to $1,003.91 — your preliminary $1,000 deposit, plus simply $3.91 in curiosity.
Now let’s say you select a high-yield financial savings account that provides 4% APY as an alternative. On this case, your steadiness would develop to $1,040.81 over the identical interval, which incorporates $40.81 in curiosity.
The extra you deposit in a financial savings account, the extra you stand to earn. If we took our identical instance of a high-yield financial savings account at 4% APY, however deposit $10,000, your complete steadiness after one yr can be $10,408.08, which means you’d earn $408.08 in curiosity.
Learn extra: What is an efficient financial savings account fee?
*Earn as much as 4.00% Annual Proportion Yield (APY) on SoFi Financial savings with a 0.70% APY Enhance (added to the three.30% APY as of 12/23/25) for as much as 6 months. Open a brand new SoFi Checking & Financial savings account and enroll in SoFi Plus by 1/31/26. Charges variable, topic to alter. Phrases apply at sofi.com/banking#2. SoFi Financial institution, N.A. Member FDIC.
