Best high-yield savings interest rates today, Tuesday, June 16, 2026: Earn up to 4.10% APY
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . High-yield savings account rates have been falling, but some of the best accounts still pay above 4% APY. In ord
Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure .
High-yield savings account rates have been falling, but some of the best accounts still pay above 4% APY. In order to get the highest interest rate possible on your savings, it's important to do your research and find competitive offers. Not sure where to start? Here's a closer look at savings interest rates today and where you can find the best ones.
The average interest rate on a traditional savings account is only 0.38%, according to the FDIC. However, the best savings rates can be found on high-yield accounts, which often pay much more.
As of Tuesday, June 16, 2026 , the highest savings account rate available from our partners is 4.10% APY. This rate is offered by Bask Bank .
Here is a look at some of the best savings rates available today from our verified partners:
Over the last decade, savings account interest rates have fluctuated quite a bit. From 2010 to about 2015, rates were rock-bottom, hovering between 0.06% and 0.10%. This was largely due to the 2008 financial crisis and the Federal Reserve 's decision to lower its target rate to near zero in order to spur economic growth.
From 2015 to 2018, interest rates gradually increased. However, they remained low by historical standards. Then, the onset of the COVID-19 pandemic in 2020 led to another sharp decrease in rates as the Fed cut rates again to stimulate the economy. This brought average savings interest rates down to new lows, around 0.05% to 0.06%, by mid-2021.
Since then, savings account rates have recovered considerably, largely driven by the Fed's interest rate hikes in response to skyrocketing inflation. However, the Fed finally lowered the federal funds rate toward the end of 2024 and continued to do so throughout 2025. As a result, deposit rates have steadily declined. In 2026, the Fed has kept rates unchanged so far this year.
