Best high-yield savings interest rates today, June 21, 2025 (earn up to 4.31% APY)
Find out how much you could earn with today's savings rates. The Federal Reserve cut its target rate three times in late 2024, which means savings interest rates are 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.
The national average savings account rate stands at 0.42%, according to the FDIC. This might not seem like much, but consider that three years ago, it was just 0.06%.
Although the national average savings interest rate is fairly low compared to other investments, the best savings rates on the market today are much higher. In fact, some of the top accounts are currently offering 4% APY and up.
As of June 21, 2025, the highest savings account rate available from our partners is 4.31% APY. This rate is offered by VIO Bank and there is no minimum opening deposit required.
Here is a look at some of the best savings rates available today from our verified partners:
This embedded content is not available in your region.
The amount of interest you can earn from a savings account depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (savings account interest typically compounds daily).
Say you put $1,000 in a savings account at the average interest rate of 0.42% with daily compounding. At the end of one year, your balance would grow to $1,004.12 — your initial $1,000 deposit, plus just $4.12 in interest.
Now let's say you choose a high-yield savings account that offers 4% APY instead. In this case, your balance would grow to $1,040.81 over the same period, which includes $40.81 in interest.
The more you deposit in a savings account, the more you stand to earn. If we took our same example of a high-yield savings account at 4% APY, but deposit $10,000, your total balance after one year would be $10,408.08, meaning you'd earn $408.08 in interest.
Read more: What is a good savings account rate?
This embedded content is not available in your region.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
26 minutes ago
- Wall Street Journal
Wall Street Hangs On to Hopes for a Boom in Deals
Dealmaking is off to its best start of the year since 2022 by some measures, showing demand for corporate tie-ups has held up despite market turmoil, global conflicts and President Trump's ever-shifting tariffs. U.S. deal value this year through June 25 is up about 10% from last year and at its highest level in three years, according to the London Stock Exchange Group.
Wall Street Journal
27 minutes ago
- Wall Street Journal
Turning New York Offices Into Homes Finally Works. Now There's a Rent-Freeze Catch.
Turning Manhattan's unloved offices into apartments is becoming a profitable venture. That potentially unlocks a new source of supply for New York City's crunched housing market. It also presents more opportunities for the private-equity firms and family offices who typically invest in these projects.
Wall Street Journal
27 minutes ago
- Wall Street Journal
A Pioneer in Private Credit Warns the Industry Is Ruining Its Golden Era
Private credit is in a golden age. The biggest firms are marching further into bank territory, raking in money from insurance companies and individual investors and setting their sights on the trillions of dollars in U.S. retirement accounts. But one of its pioneers thinks the industry is losing track of what made it great.
