Top savings accounts offer up to 4.1% APY
The national average savings account rate stands at 0.38%. Some top accounts are currently offering 4% APY and up.
As of May 31, 2026, the highest savings account rate available is 4.10% APY, offered by CIT Bank.
The amount of interest earned from a savings account depends on the annual percentage rate and compounding frequency. For example, $1,000 in a savings account at 0.38% APY with daily compounding can earn $3.81 in interest.