What is the average interest rate for savings accounts?

The mean savings relationship complaint is simply a benchmark for the wide interest-rate environment, but it’s not a complaint you should settee for.

Rather, purpose for an yearly percent output (APY) galore times the nationalist average, specified arsenic those offered by high-yield savings accounts. It’s casual to find a apical high-yield savings relationship that offers a competitory instrumentality with a debased minimum equilibrium requirement.

Many of the champion online banks person savings involvement rates higher than the nationalist mean savings relationship involvement rates. The higher the rate, the much involvement you’ll gain connected your savings. The nationalist mean savings relationship output is 0.62 percent APY, according to Bankrate’s survey of institutions arsenic of December 23, 2025. And the champion high-yield savings accounts are paying upwards of 4 percent APY, which is much than 6 times higher than the average.

Bankrate surveys much than 500 banks and recognition unions play to make the nationalist averages. Included successful the survey are institutions that are broadly disposable and connection precocious yields, arsenic good arsenic immoderate of the nation’s largest banks.

Linking your savings relationship with 1 of Bankrate’s champion checking accounts is 1 mode to gain a higher output astatine immoderate banks. Sometimes called narration rates, it’s much communal for brick-and-mortar banks to connection them.

For instance, astatine U.S. Bank, 1 mode you tin get a higher APY is by pairing a qualifying checking relationship with a Bank Smartly savings account. Depending connected however overmuch wealth you support with the bank, your narration complaint could beryllium importantly higher than the modular rate:

• The modular APY connected Bank Smartly savings is 0.05 percent APY connected immoderate balance.*

• But if you person different qualifying U.S. Bank relationship and person nether $5,000 crossed the accounts, you’ll gain 1 percent APY.*

• With astatine slightest $25,000 successful combined balances crossed accounts, you’ll gain 2.50 percent APY oregon more.*

But you’ll often find higher APYs astatine online-only banks, with little minimum requirements to unfastened the relationship and gain the highest rate. Many online banks person minimum opening requirements of $100 oregon little and wage precocious APYs connected each balances.

*Annual percent yields (APYs) shown are arsenic of December 23, 2025. Bankrate’s editorial squad updates this accusation weekly. APYs whitethorn person changed since they were past updated and whitethorn alteration by portion for immoderate products.

Compare online banks with larger banks erstwhile you hunt for a high-yield account. You’re apt to find that online banks person little minimum balances, won’t person monthly fees and whitethorn wage the aforesaid APY connected each balances. In galore cases, these savings relationship involvement rates volition beryllium higher than what you’ll gain from a savings relationship astatine a brick-and-mortar bank, adjacent with a narration rate.