Savings account rates hit 4.1% APY today
The national average savings account rate stands at 0.38%. Some top accounts are currently offering 4% APY and up.
Today, the highest savings account rate available is 4.1% APY, offered by Bask 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% with daily compounding can earn $3.81 in interest.