Average Savings Account Rates Lower While Highest Savings Rate Remains at 1.00 Percent

Average savings account rates are lower this week while the highest savings account rate remains stable at 1.00 percent. Interest rates have slowly drifted lower for over five years now and remain at current levels for at least another year. This will remain until the Federal Reserve increases the fed funds rate from the current range of zero percent to one quarter percent, which probably won't happen until mid 2014.