Best High-Yield Savings Account Rates - October 2026 | Up to 10.52%
Brian McKay
Brian McKay
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Savings account rates range from 4.00% to 10.52% APY, verified by MonitorBankRates as of October 7, 2026. Current national savings rates include Quail Creek BankQuail Creek Bank12201 N May Ave, Oklahoma City, OK 73120A5.0 ★Texas Ratio: 6.61%Real return: +7.72%APY minus 2.8% CPI (February 2026) offering LINQUP Savings account at 10.52% APY, First FSB of Twin FallsFirst FSB of Twin Falls383 Shoshone St N, Twin Falls, ID 83301A+5.0 ★Texas Ratio: 0.04%Real return: +7.67%APY minus 2.8% CPI (February 2026) offering SuperSaver Savings at 10.47% APY, Bayer Heritage Federal Credit UnionBayer Heritage Federal Credit Union788 N State Route 2, New Martinsville, WV 26155A5.0 ★Texas Ratio: 11.93%Real return: +7.20%APY minus 2.8% CPI (February 2026) offering High Yield Savings at 10.00% APY, Cinfed Federal Credit UnionCinfed Federal Credit Union550 Main St, Cincinnati, OH 45202A+5.0 ★Texas Ratio: 2.00%Real return: +7.20%APY minus 2.8% CPI (February 2026) offering Ohio Homebuyer Plus Savings at 10.00% APY, and ORSA Credit UnionORSA Credit Union500 S HARVEY ST, PLYMOUTH, MI 48170 1759A5.0 ★Texas Ratio: 12.47%Real return: +7.20%APY minus 2.8% CPI (February 2026) offering High Yield Savings Account at 10.00% APY. Savings rates as of October 7, 2026 according to verified data from MonitorBankRates.
Online savings accounts have revolutionized personal banking by offering interest rates that significantly outperform traditional brick-and-mortar banks. Without the overhead of physical branches, online banks pass these savings directly to you in the form of higher APYs and lower fees. Whether you’re building an emergency fund or saving for a major purchase, a high-yield savings account is one of the safest ways to grow your money faster.
Savings rates reflect recent market quotes and representative offers available to depositors nationwide. Savings Rates Last Updated and Verified: October 7, 2026
Current National High-Yield Savings Account Rates
Earn 10.52% APY* on the first $1,000 you deposit to this account and the standard savings account APY on balances of $1,000.01 and above; We'll match your initial deposit to this account up to a $50 maximum***; Additional $50 incentive if you enroll for EZ-Allowance or Direct Deposit ($50 max)***; Account available for those 30 years old or younger.
Balance: $0.01 to $500.00
Balance: Up to $1000.00
Earn up to 10% APY* on the first $1000 in our new High Yield Savings account! See all the details.
Balance: $0 - $10,000
Balance: $.01 to $1,000.00; Balances of $1,000.01 and above earn an APY of 0.10%.
Qualifications Required: Direct deposit of net pay into Service CU account; serving in a combat zone as defined by Service CU; orders of deployment to a combat zone must be provided; eCommunications is required; Tier: Tier 1. Balance: $0.00. *Warriors deployed in combat zones may deposit up to $10,000 into a Service CU Deployed Warrior Savings Account which earns 10% APY (Annual Percentage Yield) up to $10,000.00. If actual daily balance exceeds $10,000, the remaining balance will receive variable APY of 10%-0.10%. Rates are variable and subject to change; accurate as of 09/08/2026. Service member must be serving in a combat zone as defined by Service CU; orders of deployment to a combat zone must be provided. Direct deposit of net pay is required into members Service CU account. No minimum balance is required to open the Deployed Warrior Savings Account; $5 deposit is required to open a Primary Savings Account. Monthly deposits into a Deployed Warriors Savings Account cannot exceed the amount of your monthly net military pay; however, deposits into the Deployed Warrior Savings Account may be direct deposit, an allotment, or a transfer of funds from a Service CU account. Withdrawals are not permitted from a Deployed Warrior Savings Account. If a withdrawal is made from the Deployed Warrior Savings Account before the redeployment date plus 120 days, the funds in the Deployed Warrior Savings Account will be transferred to the Primary Savings Account, and the Deployed Warrior Savings Account will be closed. The Deployed Warrior Savings Account will stop accruing 10% APY at the end of the month of return date per deployment orders plus 120 days. eCommunications is required.
Super-high dividends paid on balances up to $1,000; Cash rewards for deposits $1-$10 awarded at different transaction intervals; Financial incentives for good grades Up to $20 each year; High dividends are paid out quarterly; Cash is awarded and electronically deposited into your child's account after their 6th, 12th, 18th and 24th in-person deposits of $5 or more. The amount gradually increases at each milestone. At account opening, your child is given a special stamp card to track deposits. Once their stamp card is full of 24 stamps, your child is given the option of receiving $10, a movie ticket, or a plush Penny the Hedgehog stuffed animal.; Your child can receive $1 for every 'A' or equivalent earned, up to $5 per quarter. Just bring them and their report card into the credit union after each quarter.
The first $500 on deposit will earn 9.57% interest for an APY of 10.00%. All funds above $500 on deposits will earn the same rate as a regular savings account.
Balance: $5 - $1,000 Rate = 0.050% | APY* 0.05% for balances $1,000.01 & over.
Balance: $0.01 to $5,000
Balance: $1 - $6000
Qualifications Required; 8.00% only applies on the first $500 deposited as long as member meets all requirements. Requirements include: a current, valid military ID, accept electronic documents, receive e-statements and make at least one deposit monthly. Dividends compounded and credited quarterly. If the monthly deposit is not posted, the rate will revert to the current share savings rate for that month. This special rate will remain in effect as long as all requirements are met for the first $500. Balances over $500 will earn the regular share savings rate.
APY=Annual Percentage Yield. 8.00% APY will be paid on the balance in your account up to the first $500.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $500.00 with a $500.01 balance earning a 8.00% APY and a $1,000.00 balance earning a 4.193% APY, as examples. Requires a $5.00 minimum balance to open the account. Fees could reduce earnings. All new Jeanne D'Arc Credit Union members will have one of their consumer savings accounts (except retirement statement savings) automatically designated as their primary savings account to receive these special terms. Additional savings accounts established under the same member name, and related tax identification number, are not eligible for these special terms. The M3TM Money Club Savings is available to children Newborn to age 12. Dividend rates are effective as of November 1, 2024. All rates are subject to change, after account opening, without notice.
APY=Annual Percentage Yield. 8.00% APY will be paid on the balance in your account up to the first $500.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $500.00 with a $500.01 balance earning a 8.00% APY and a $1,000.00 balance earning a 4.193% APY, as examples. Requires a $5.00 minimum balance to open the account. Fees could reduce earnings. All new Jeanne D'Arc Credit Union members will have one of their consumer savings accounts (except retirement statement savings) automatically designated as their primary savings account to receive these special terms. Additional savings accounts established under the same member name, and related tax identification number, are not eligible for these special terms. The M3TM Money Club Savings is available to children Newborn to age 12. Dividend rates are effective as of November 1, 2024. All rates are subject to change, after account opening, without notice.
APY=Annual Percentage Yield. 8.00% APY will be paid on the balance in your account up to the first $500.00. A dividend rate of 0.05% will be paid on the remaining balance in your account that exceeds $500.00 with a $500.01 balance earning a 8.00% APY and a $1,000.00 balance earning a 4.193% APY, as examples. Requires a $5.00 minimum balance to open the account. Fees could reduce earnings. All new Jeanne D'Arc Credit Union members will have one of their consumer savings accounts (except retirement statement savings) automatically designated as their primary savings account to receive these special terms. Additional savings accounts established under the same member name, and related tax identification number, are not eligible for these special terms. The M3TM Money Club Savings is available to children Newborn to age 12. Dividend rates are effective as of November 1, 2024. All rates are subject to change, after account opening, without notice.
See full reward savings details and account requirements here .
Balance: $25.00 - $2,500.00
Min. Balance to earn APY: $.01 to earn dividends
Balance: $0-$1500.00
Balance: $0.00 - $1,000.00; The Enhanced Health Savings Account (HSA) is a variable rate account, and the dividend rates and APYs may change after the account is opened. Fees may reduce earnings. All members are required to open and maintain a TrueSaver account in order to have any other WPCU product or service.
Balance: $0.01 to $1,000.00
Balance: < $500
Balance: $0 - $1,000.00
Balance: $0.01 - $1000.00
Account balances up to $1,000
- Sep 18, 20267.00%▲ from 0.25%
- Sep 14, 20260.25%first recorded
Balance: first $500; Dividends Compounded & Credited: Quarterly; Dividend Period: Quarterly
Available for ages 0-19 years with a parent/guardian joint signer. Regular savings rate applies to balances above $500. APY is accurate as of June 22, 2023.
Balance: $0.00 - $2,000.00
Youth up to age 261/2 earn a preferred rate on balances up to $1,000.
Qualifying balance up to $10,000.00; Balances in excess of $10,000.00 will earn dividends at the Credit Union's regular Money Market rate, as set forth in the current Rate Schedule.
Balance: $5 - $500
Balance: $0.00 - $25,000.00
Annual Percentage Yield (APY) as of 9/01/2026 if balance is above $5; subject to change. Promoted interest rate paid on entire balance when maintained at $5.01 and above. No interest paid on balances $5.00 and below. Applicable Share Certificate dividends exclude HSA and IRA. $5.00 monthly inactivity fee incurred if no additional activity across the individual's membership within previous 12 months. Consumer accounts only; business accounts not eligible.
Balance: balances up to $3,000; Rate: 5.85 (balances up to $3,000); APY: 6.00 (balances up to $3,000)
Balance: balances up to $3,000; Rate: 5.85 (balances up to $3,000); APY: 6.00 (balances up to $3,000)
Age: 0-21; Balances above $2,500.00 are paid the standard share savings rate.
Balance: $0 - $1,000
Balance: up to $2000
Get a $25 bonus when your account balance reaches $1,000 * .
****
Balance: $0.00 - $750.00
Balance: $0.01 - $1,000.00; Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: September 22, 2026.
Balance: $0.01 - $1,000
Balance: $0 - $5,000.00
Funds withdrawn after 30 days will incur a $5 fee. Transfers only from Summertime Savings. Certificated and classified school employees of our Board approved SEGs are eligible for our Summertime Savings Account bonus rate.
Balance: first $2500; Dividends Compounded & Credited: Monthly; Dividend Period: Monthly
Balances over $2,500 will earn .01% APY on remaining balance. APY is accurate as of October 18, 2023.
Balance: $25 - $2,500; ***
Base APY on balance of $700+ 0.05%
Published APY range: 5.88% to 5.99%. Balance: $1,000.01 - $1,044.68; Must be 17 years old or younger to open with a parent or legal guardian. The account balance will automatically be transferred to a Primary Savings Account during the calendar quarter following their 18th birthday. Last Dividend Declaration Date for Youth Savings: September 22, 2026.
Term: June 15, 2026 - June 15, 2027; One great rate, all Chaffey Members. Originally designed to help educators during the summer months when they expect less income, the Chaffey Summer Savings Club is available to all Chaffey FCU members ! Deposit $50 - $2,000 each month via direct deposit or payroll deduction and earn 5.80% APY* (5.678% APR)* for the entire program year. Dividends paid quarterly and at account maturity on June 15, 2027. Monthly direct deposit or payroll deduction of $50 - $2,000 must be set up for account; money transfer apps (i.e.: Zelle, Venmo) do not count as direct deposit. After 60 days of no deposits, account will be closed, and funds will be transferred to your regular savings account. Account will not be closed if there are no deposits during the summer months, but will be closed if deposits do not start by October 1, 2026. Earnings transferred to chosen savings account at account maturity. Account automatically renews at maturity with the updated r
Balance: $0-$2,000
Balance: $0-1,000
Balance: $100.00+; Youth Savings and Teen Savings Certificate minimum opening balance is $100. Additional deposits can be made up to $5,000 for the Youth Savings and $8,000 for the Teen Savings. The minimum additional deposit is $100. The Youth Savings matures on the child's 13th birthday. The Teen Savings matures on the teen's 18th birthday. Any withdrawal prior to maturity will result in a penalty of all dividends earned.
Balance: First $500 deposited will yield 5.25% interest.
Balance: $0-$1,000
Earn 5.25% annual percentage yield (APY) on the first $500 in the account. APY effective 4/16/2026 and subject to change. Balance: $0.00 - $500.00
- Sep 18, 20265.25%▲ from 3.45%
- Sep 14, 20263.45%first recorded
Youth Savings available to members under the age of 21 years old and earns 5.00% APY up to $1,000 deposited, Regular Share Savings rate for balances thereafter; at 21, Youth Savings converts to a Regular Share Savings account.
ages 0-17 or older with current Student ID
Earn up to 5.12 % APY*
Balance: $0 - $5,000.00*
Balance: Up to $1,000
Balance: $0 - $1,000
Balance: .01- 50,000.00
Balance: .01- 50,000.00
Balance: $0 to $1000
- Oct 4, 20265.10%▲ from 0.23%
- Sep 14, 20260.23%first recorded
Balances above $500 earn 0.25 % APY. Rate is subject to change and may change after the account is opened. One First5 Savings Account per person.
Save money automatically by using your BSB debit card. Interest rate may change at bank's discretion. The annual percentage yield is accurate as of September 18, 2026. No minimum balance required to obtain the advertised annual percentage yield. No minimum opening deposit. Fees could reduce earnings.
Utah residents earn a total of 5.10% APY, combining our 4.10% variable base with a 1.00% Rebrand Boost through January 31, 2027. Non-Utah residents earn our 4.10% APY. The Rebrand Boost of 1.00% applies to the portion of your daily balance up to and including $500,000. The portion of your daily balance above $500,000 earns a 4.10% interest rate. Limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or preauthorized, made by telephone, or made by an online or mobile transfer of funds.
- Oct 7, 20265.10%▲ from 4.00%
- Oct 2, 20264.00%▼ from 5.00%
- Sep 18, 20265.00%first recorded
Balance: $0.01 - $5,000
on the first $1,000 on deposit
Balance: .01 - 24,999.99
Balance: $0 - $15,000.00
Balance: $0 - $500.00
Balance: $0 - $10,000.00
Balance: $0.01 - $1,000.00
Qualifying balance up to $500.00; Qualifications Required; a) provide and maintain a valid email address; and b) be enrolled to receive e-statements. If the requirements are not met during the monthly qualifying period, the "non-qualifying" 0.01% APY would apply to the entire balance.
Balance: $1 - $500
Qualifying balance up to $10,000.00; Automatic sweep transfers funds nightly to savings and back in the morning.
Balance: $1 - $500
Balance: $0-$5,000
Balance: $1 - $500; Annual Percentage Yield (APY) is effective as of 9/23/2026, and is subject to change without notice. Balance for APY is blended and may range from 0.05% to 5.00%. Fees may reduce earnings. Gift is awarded when account is opened. We reserve the right to substitute a gift of similar value.
Balance: $1 - $500; Annual Percentage Yield (APY) is effective as of 9/23/2026, and is subject to change without notice. Balance for APY is blended and may range from 0.05% to 5.00%. Fees may reduce earnings. Gift is awarded when account is opened. We reserve the right to substitute a gift of similar value.
Balance: $0-$5,000
Balance: $0 - $5,000
Must be opened at a branch; Balance: $0-$5,000
Balance: $0 - $20,000; Effective Date: September 2, 2025
Balance: Balances <= $3,000.00
Balance: $10,000.01 - $100,000
Custodial Savings only one account per custodian tax identification number. Balance: $0-500
Rate Information: This Account is an interest bearing account. If the daily balance is less than $5,000.01, the interest rate paid on that portion of the balance will be 4.91%. The annual percentage yield for this tier will be 5.00%. If the daily balance is more than $5,000.00, but less than $10,000.01, the interest rate paid on that portion of the balance will be 0.75%. The annual percentage yield for this tier will range from 5.00% to 2.88%. If the daily balance is more than $10,000.00, the interest rate paid on that portion of the balance will be 0.05%. The APY for this tier will range from 2.88% to 0.05%. APY effective as of 2/09/26. Interest rate may change after account is opened. Annual percentage yield subject to change. At our discretion, we may change the interest rate on the account as often as daily. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest. Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year. Limitations: You must deposit $50.00 to open this account. There is no limitation for withdrawals or transfers, but a fee of $5.00 per withdrawal is assessed, in excess of 2 per month. Account Fees: A $50.00 minimum daily balance is required to avoid a monthly service charge of $5.00. Fees could reduce earnings on the account.
Tiered rate account.
Balance: $0-500
Annual Percentage Yield effective as of 10/17/2024. Rate may change after the account is opened. An interest rate of 0.05% will be paid only for that portion of your daily collected balance that is greater than $3,000.00. Interest will accrue on transferred funds during the cycle and will be credited to the account at the end of the 12-month cycle.
Rates as high as
- Oct 5, 20265.00%▲ from 4.40%
- Sep 14, 20264.40%first recorded
All savings rates are APY (Annual Percentage Yield).
10 times higher than our savings account
Rate is variable at 2.50% under WSJ Prime (maximum of 5.00% & minimum of 1.00%). Minimum balance of $500 required to open account. Deposits can be added at any time. No withdrawals allowed prior to the age of 18.
Available Balance: Any Amount
- Sep 19, 20264.58%▲ from 4.32%
- Sep 14, 20264.32%first recorded
Save for a rewarding retirement with an IRA. Accounts are FDIC-insured with no hidden fees.
- Oct 7, 20264.50%▲ from 4.00%
- Oct 2, 20264.00%▼ from 4.40%
- Sep 18, 20264.40%first recorded
- Oct 3, 20264.49%▲ from 4.38%
- Sep 24, 20264.38%first recorded
- Oct 3, 20264.46%▲ from 4.35%
- Sep 24, 20264.35%first recorded
Balance: $0+; Boosted Rate; Base Rate: 3.75% ($0+)
- Sep 25, 20264.25%▲ from 4.00%
- Sep 20, 20264.00%first recorded
- Sep 29, 20264.25%▲ from 4.05%
- Sep 14, 20264.05%first recorded
Balance: $1,000,000+; APY*: 4.25%
Balance: $0.00 - $250,000.00
Balance: $0.01-$25,000
Earn up to 4.25% APY* At Jewett City Savings Bank, we've got special savings options that offer great rates, guaranteed returns, and FDIC protection. Click for Details
- Sep 24, 20264.25%▲ from 4.10%
- Sep 14, 20264.10%first recorded
- Oct 3, 20264.22%▲ from 4.15%
- Sep 24, 20264.15%first recorded
Earn 11x the national average.
New accounts earn a 4.20 % APY on all balances. This is a variable rate account, and the APY may change without notice. Available exclusively online and by phone.
- Oct 7, 20264.20%▲ from 3.90%
- Sep 18, 20263.90%first recorded
- Oct 3, 20264.18%▲ from 4.13%
- Sep 24, 20264.13%first recorded
- Sep 22, 20264.16%▲ from 3.55%
- Sep 18, 20263.55%first recorded
6-Month Boost for New Customers. After 6 months, this boost will expire and your rate will revert to our standard variable APY (currently 3.80%).
Balance: $100,000 - $199,999.99
- Oct 5, 20264.12%▲ from 3.65%
- Sep 14, 20263.65%first recorded
Non-Utah residents earn our 4.10% APY. The interest rate and APY is variable and may change after account opening. The rate is not guaranteed for any period. Limit of six (6) withdrawals in a monthly statement cycle if the withdrawals are by check, debit card, or preauthorized, made by telephone, or made by an online or mobile transfer of funds.
- Oct 7, 20264.10%▲ from 4.00%
- Oct 2, 20264.00%▼ from 5.00%
- Sep 18, 20265.00%first recorded
Balance: $1,000,000
4.10% Annual Percentage Yield (APY) is accurate as of 09/10/2026 and may change at any time. The maximum account balance is $250,000.
Balance: $100,000.00 +
Balance: $15,000.01 to $25,000.00
Balance: $0.01+; Educational IRAs can be opened by a custodian for anyone under the age of 18
- Oct 7, 20264.07%▲ from 3.87%
- Sep 8, 20263.87%first recorded
Balance: $1,000+; APY is variable and subject to change. Interest compounds daily and is paid monthly. Fees may reduce earnings. Terms and conditions apply.
Dividends paid monthly.
Published rate range: 2.50% - 4.00%.
Balance: $100,000.00 and over
- Oct 3, 20264.06%▲ from 3.42%
- Sep 24, 20263.42%▼ from 3.46%
- Sep 14, 20263.46%first recorded
Maximum balance to earn 4.06 % APY is $2,500. Any deposits beyond $2,500 will earn 0.25 % APY and is subject to change monthly. The APY is accurate as of the last dividend declaration date.
Savings that pay off big - with easy access to your money when you need it. $100,000 minimum balance required to open and to earn stated APY. No maintenance fees. Earn Loyalty Rates when you have both a CD and a Savings account with Credit One Bank. Enjoy flexibility with unlimited transfers to and from your account.
Exclusively for customers age 62 and older. Fees could reduce earnings on the account.
Simple, high-yield savings earning up to 4.01% APY for up to 6 months. No minimum balance for APY.
- Oct 6, 20264.01%▲ from 3.75%
- Sep 30, 20263.75%first recorded
All Balances
No monthly service fees. Interest is compounded and credited monthly.
Minimum savings goal amount is $1,000. Initial deposit required to open account. Accompanying Loyal Trust Bank checking account is required. Your automated pre-authorized monthly deposit amount will be based on your savings goal. No withdrawals can be made from this account during the savings period without penalty. Interest is calculated on account balances. Interest compounds daily and credits quarterly. Interest does not accrue after maturity.
Balances up to $25,000
Balance: $25,000-$10,000,000
Interest is compounded daily then credited to your account monthly.
- Sep 27, 20264.00%▲ from 3.95%
- Sep 19, 20263.95%first recorded
Balance: $0 - $250,000
Earn 10x the national average savings account rate. No monthly fees. Interest compounded daily. Human support from a trusted bank. Maximum account balance to receive the 4.00% APY is $1,000,000. This is a tiered variable rate account, and rates may change after the account is opened. Fees may reduce earnings. Balance: $2,500 - $1,000,000
Effective Date: September 2, 2025
Rates Effective 03/01/2025.
- Sep 29, 20264.00%▲ from 0.10%
- Sep 14, 20260.10%first recorded
Balance: $0 - $250,000
Balance: $50,000+
Rate moves with the Wall Street Journal Prime Rate. APY is accurate as of 9/21/2026. Balance: $500,000.00 and above.
Balance: $50,000+
Save now
Balance: $200,000.00+
Balance: 1,000,000 & Over
- Sep 19, 20264.00%▲ from 3.74%
- Sep 14, 20263.74%first recorded
Online Only
Typically, earn interest at a higher rate than with a traditional savings account. Accelerate earnings, with flexible access to your money. Open with $100 or more, then boost your balance with online deposits.
- Sep 27, 20264.00%▲ from 3.95%
- Sep 24, 20263.95%first recorded
Build your retirement savings in a Traditional or Roth IRA. Get both the tax advantages of an IRA and a great savings rate. Save confidently for the future with an FDIC-insured account.
- Sep 27, 20264.00%▲ from 3.95%
- Sep 24, 20263.95%first recorded
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
National Savings Rate Trends
Weekly national average APYs across savings account types, compiled from 8,500+ banks & credit unions, updated nightly.
National high-yield savings rates rose 0.006 points this week to 1.987%, up from 1.981% last week.
National standard savings rates fell 0.012 points this week to 0.803%, down from 0.815% last week.
Savings Rate Trends
Daily average APYs across all savings account types. Hover to see exact rates for each day.
Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current national high-yield savings average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current national high-yield savings average of 1.987% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
Savings Account Earnings at Today’s National Averages
Annual interest earnings at current national average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.987% APY) | Monthly Earnings | Standard Savings (0.803% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $99.37 / year | $8.28 | $40.16 / year | $3.35 |
| $10,000 | $198.73 / year | $16.56 | $80.32 / year | $6.69 |
| $25,000 | $496.83 / year | $41.40 | $200.80 / year | $16.73 |
| $50,000 | $993.65 / year | $82.80 | $401.60 / year | $33.47 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: national savings rate averages as of October 7, 2026. | ||||
About Our National Savings Rate Database
MonitorBankRates monitors savings account rates from 8,500+ banks and credit unions across all 50 states. The national table above surfaces the highest-yield offers available to depositors nationwide today from the thousands of verified rates in our database, and the state and minimum-deposit filters let you narrow the full database to offers available where you live. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top national rate: Quail Creek Bank offers a savings account at 10.52% APY. Use the rate table above to compare all current national offers.
How to Find the Best Savings Rates
What to compare when shopping for a high-yield savings account
To find the best savings APYs, start with credit unions and online-only banks. They consistently offer the highest yields because they have lower overhead than traditional brick-and-mortar banks and compete aggressively for deposits. Use the state filter in the table above to see how local institutions stack up against the national leaders.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current national high-yield savings average is 1.987% , but top institutions are offering as high as 10.52%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. National high-yield savings rates currently average 1.987% APY, far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account keeps idle cash working harder while remaining fully accessible and federally insured.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return: CD rates
- You want check-writing flexibility: Money market rates
- You need daily transaction access: Checking rates
U.S. Saver Snapshot
National demographics and economic context for savers, Source: U.S. Census Bureau
At today’s national high-yield savings average of 1.987%, saving 10% of the U.S. median salary ($4,734/year) would earn an additional $94 annually in interest, and the top national offers in the table above pay even more.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Deposit Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions nationwide.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current National Avg APY | 1.987% | 0.803% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects national averages tracked in our database as of October 7, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
High-Yield Savings Calculator
See how much a high-yield savings account can earn you. Enter your deposit, monthly contribution, and time frame, or click any current national rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Savings rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our nationwide savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates nationwide directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from institutions’ own digital properties and manually verifying yields daily, every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields across the country. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to high-yield national online banks available to savers in all 50 states.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency into when that specific rate was confirmed.
Frequently Asked Questions about High-Yield Savings Accounts
What is a High-Yield Savings Account (HYSA)?
Is my money safe in an online savings account?
Savings Account vs. Certificate of Deposit (CD)?
How often do savings rates change?
Do I have to pay taxes on interest earned?
Are online banks better than local banks for savings?
How do I open an online savings account?
Can I lose money in a savings account?
Do I need a minimum deposit to open a savings account?
What are the best High-Yield Savings rates nationally right now?
- Quail Creek Bank
LINQUP Savings account: 10.52% APY - First FSB of Twin Falls
SuperSaver Savings: 10.47% APY - Bayer Heritage Federal Credit Union
High Yield Savings: 10.00% APY - Cinfed Federal Credit Union
Ohio Homebuyer Plus Savings: 10.00% APY - ORSA Credit Union
High Yield Savings Account: 10.00% APY
Savings Calculators
At the top national savings rate of 10.52% from Quail Creek Bank, a $10,000 deposit earns $1,052 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median U.S. earner is roughly $11,800. At 1.987% APY, saving $990/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsThe national high-yield savings average is 1.987% APY, variable and always accessible. A CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median U.S. earner makes $47,340/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.987% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.987% APY grows to roughly $37,056 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Savings Rates by State
