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If you have money sitting in a traditional savings account, you may not be getting a competitive return on your balance.
Today, the national average savings account rate is just 0.38%, according to the FDIC. However, a good savings account rate is much higher; today's best high-yield savings accounts pay closer to 4% APY — more than 10 times the average.
Here's a closer look at what a good savings account rate looks like in 2026, and where to find the best rates available.
A good savings account rate is one that not only beats the national average (which is currently 0.38%), but also helps your savings outpace inflation. Considering that the current inflation rate is 3.4%, a good savings account rate should be above this threshold — otherwise, your money will lose purchasing power over time.
#rate #good
If you have money sitting in a traditional savings account, you may not be getting a competitive return on your balance.
Today, the national average savings account rate is just 0.38%, according to the FDIC. However, a good savings account rate is much higher; today's best high-yield savings accounts pay closer to 4% APY — more than 10 times the average.
Here's a closer look at what a good savings account rate looks like in 2026, and where to find the best rates available.
A good savings account rate is one that not only beats the national average (which is currently 0.38%), but also helps your savings outpace inflation. Considering that the current inflation rate is 3.4%, a good savings account rate should be above this threshold — otherwise, your money will lose purchasing power over time.
#rate #good
2 months ago
