High-Yield Savings Accounts Offer Up to 4% APY as of March 29, 2026

As of March 29, 2026, the national average savings account interest rate stands at 0.39%, an increase from 0.06% three years prior, according to the FDIC. Some financial institutions, such as SoFi and Valley Bank Direct, are currently offering rates as high as 4% APY. For example, a deposit of $1,000 at the average rate would yield $3.91 in interest after one year, whereas the same amount at 4% APY would yield $40.81. These competitive rates are significant in a low-interest environment, potentially incentivizing consumers to switch accounts.