Learn how a lot you could possibly earn with at the moment’s financial savings charges. Rates of interest on financial savings accounts have been falling, so it’s necessary to make sure you’re getting the perfect fee attainable when purchasing round for a financial savings account. The next is a breakdown of financial savings rates of interest at the moment and the place to search out the perfect provides.
The nationwide common financial savings account fee stands at 0.39%, based on the FDIC. This won’t look like a lot, however take into account 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, the perfect financial savings charges available on the market at the moment are a lot increased. The truth is, a number of the high accounts are at present providing 4% APY and up.
As of January 18, 2026, the best financial savings account fee obtainable 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 a number of the finest financial savings charges obtainable at the moment from our verified companions:
The quantity of curiosity you’ll be able to earn from a financial savings account relies on the annual proportion fee (APY). This can be a measure of your complete earnings after one 12 months when contemplating the bottom rate of interest and the way typically curiosity compounds (financial savings account curiosity sometimes compounds each day).
Say you set $1,000 in a financial savings account on the common rate of interest of 0.39% with each day compounding. On the finish of 1 12 months, your stability 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 gives 4% APY as a substitute. On this case, your stability 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 stability after one 12 months 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 Share 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 vary. Phrases apply at sofi.com/banking#2. SoFi Financial institution, N.A. Member FDIC.
