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National Average Savings Rates vs the Best Savings APYs (2026)

The average bank pays 0.38% on savings. The best online savings accounts we track advertise up to 4.50%.

Data as of August 17, 2026 (FDIC) · Last updated October 5, 2026 · Download CSV
Key numbers. National average savings rate: 0.38%. Our top-ranked savings account lists an APY of up to 4.50% in our ranking (a published headline rate; terms and conditions apply). Difference: about 4.1 percentage points. On a $10,000 balance held for one year, 0.38% earns about $38 and 4.50% earns about $450, before compounding and tax.
Deposit productNational average rate (%)National rate cap (%)
Savings0.384.38
Interest checking0.074.38
Money market0.634.38
1 month CD0.225.29
3 month CD1.145.35
6 month CD1.415.53
12 month CD1.715.65
24 month CD1.575.89
36 month CD1.345.96
48 month CD1.275.96
60 month CD1.366.09

How to read this

The FDIC defines the "national rate" as the average of rates paid by all insured banks and credit unions with available data, weighted by each institution's share of domestic deposits. Savings and interest checking figures use the $2,500 product tier; money market and CD figures average the $10,000 and $100,000 tiers. The "national rate cap" is a ceiling for less than well capitalized institutions. It is not a rate you will be offered.

Where the 4.50% comes from

The top APY is the headline rate in our savings accounts ranking, taken from September 2026 roundups and cross-checked against bank-published rates. Rates change often. Confirm on the bank's site, and check that the bank is FDIC insured.

Compare top savings accounts · More research

Cite this page
Financialist Editorial Team. "National Average Savings Rates vs the Best Savings APYs (2026)." Financialist, October 5, 2026. https://financialist.com/research/national-savings-rates-vs-best-apys
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