Top savings accounts offer up to 4.1% APY
The national average savings account rate stands at 0.38%.
Some savings accounts are offering higher rates, with the highest being 4.1% APY from CIT Bank.
This rate is significantly higher than the national average and can result in substantial interest earnings over time.
For example, a $1,000 deposit at a 0.38% interest rate would earn $3.81 in interest after one year, while a 4.1% APY account would earn $41.