Savings Rates Mixed Again;
High-Yield Slips to 1.984%

Savings rates split by tier for a second straight week. High-yield savings eased 0.010 points to 1.984%, its second weekly slip in a row, drifting a little further under the 2.00% line. Business savings gave back about half of last week’s jump, the largest decline on the board, while jumbo savings rebounded with the largest gain and credit union savings inched up. Standard savings held perfectly flat. With the Fed having held June 17 and signaling higher rates for longer, the moves are drift within a parked market.

📊 Full 5-tier savings data: 2,243 institutions tracked across all 50 states.

NATIONAL: The best savings rates nationally were mixed again the week ending July 6, 2026, with two of the five tracked tiers higher, two lower, and one flat. At the top of the board, high-yield savings eased 0.010 points to 1.984% APY, a second straight weekly slip that leaves it a little further under the 2.00% line. Jumbo savings rebounded 0.010 points to 1.357%, the week’s largest gain, while business savings gave back 0.014 points, the largest decline, and standard savings held flat at 0.868%.

High-yield savings extended its slide, gently. The 0.010-point dip to 1.984% follows last week’s 0.011-point slip, two small steps back from the 2.00% line it briefly reclaimed in late June. The pattern remains a few thousandths in either direction with no real trend underneath, and even after two down weeks the leading tier stays far clear of everything below it. The gap between high-yield and standard savings narrowed to 1.116 points from 1.126, as high-yield fell while the broad standard tier held its ground.

The everyday tiers swapped roles. Standard savings, the broad-market tier, was the only one on the board that did not move, holding at 0.868%. Business savings fell 0.014 points to 0.601%, the week’s largest decline, giving back roughly half of the 0.027-point jump it posted a week earlier. Credit union savings edged up 0.002 points to 0.267%, recovering a sliver of last week’s drop. The rate-shopping gap is still the real story: at 1.116 points between the high-yield and standard tiers, a saver with $25,000 on deposit could pick up roughly $279 a year by moving from a standard account to a competitive high-yield product.

The specialty top tier bounced. Jumbo savings rose 0.010 points to 1.357%, the largest gain of the week, clawing back part of the 0.028-point drop it took a week ago. It keeps the second-highest spot behind high-yield, and this week’s crosscurrent ran opposite to last week’s: the specialty tiers firmed while the everyday tiers cooled. Two mixed weeks in a row, each roughly undoing the other, is about as clear a picture of a rangebound market as the data can draw.

A quick word on what these numbers are. They are national averages, drawn from rates collected directly off institution websites. What any one saver can actually get depends on where they bank and how far they are willing to shop. Someone comparing New York savings rates, for instance, can line up the best in-state and online options against this national picture and see where the gap is worth chasing.

Two mixed weeks back to back, with this week’s moves largely reversing last week’s, is not a market changing direction. It is a market with no direction to change. The top tier drifted a hundredth lower, the specialty tier recovered a hundredth, and the broad standard tier did not move at all. High-yield is still the only tier paying anywhere near 2.00%, and it still pays well above everything beneath it. That is what a parked market produces: small moves in both directions that net out to very little, week after week.

The reason is the Federal Reserve. On June 17 the FOMC held the federal funds rate at 3.50% to 3.75% for a fourth straight meeting, a unanimous decision and the first under new Chair Kevin Warsh. What changed was the outlook, not the rate: the Fed’s updated projections dropped the expectation of cuts this year, and the median now leans toward a hike. Savings APYs are variable and track the Fed closely at the top of the market, so a parked rate with a higher-for-longer signal keeps the top of the savings curve sitting roughly where it is, drifting by a few thousandths in either direction. The next FOMC meeting comes in late July; until then, expect more weeks like this one.

For savers, the shift in the Fed’s outlook still cuts in their favor compared with recent months. Savings is variable, so it follows the Fed. The earlier worry was a cut dragging these yields down, which argued for locking a CD rate before it fell. With the next move now at least as likely to be a hike, liquid savings looks less exposed: if the Fed does raise, variable savings rises with it, while a CD locked today would miss that lift. The catch is that the one-year CD still out-yields liquid cash by a wide margin right now, at 2.840% against high-yield savings at 1.984%, so a lock-in captures far more today even as it gives up the upside of a hike, and that trade-off is worth working through deliberately rather than by default. Shopping matters more than timing in a market like this; a guide to how to find the best savings rates online covers where the strongest offers tend to hide, a savings calculator can map how a given balance compounds at each rate, and the broader trajectory lives on the national savings rate trends page.