Compare savings accounts to find the best rates. Bankrate's experts have identified the highest savings account interest rates from top banks to help you maximize your earnings.

Feb 6, 2025 · Many online banks have savings interest rates higher than the national average savings account interest rates. The higher the rate, the more interest you’ll earn on your savings. The national...

Aug 15, 2024 · According to our survey, roughly 28% of Americans across all four generations currently have less than $1,000 in personal savings, including emergency funds, non-workplace retirement accounts...

Jan 23, 2025 · The national average savings rate for savings accounts is 0.41%, per the FDIC, but you can find savings accounts that offer 10 times the national average. On the other hand, there are savings...

5 days ago · The national average savings rate is just 0.45% APY, which pales in comparison to some of the best savings account rates, currently 4% to 5% APY.

4 days ago · According to FDIC data, the average interest rate on savings accounts is currently 0.41%. That rate is much higher than it was prior to the pandemic, but it’s far lower than what the best...

Jan 8, 2025 · In December 2024, the average interest rate for a savings account in the U.S. stood at 0.42%, according to the Federal Deposit Insurance Corp. By comparison, interest rates for some high-yield...

Nov 15, 2024 · Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.

Nov 7, 2024 · High-yield savings accounts offer higher interest rates than traditional savings accounts. Westend61/Getty Images. The average savings account interest rate is 0.41% APY, but we found many...

Jan 24, 2025 · Banks calculate savings account interest in one of two ways. The first is as simple interest, which is interest paid only on your deposits. In an account you open with $1,000 and never contribute to again, a 3% interest rate would earn you $30 per year for each year the account is open. The other, more common way is as compound interest.