Savings Rates Mixed;
High-Yield Dips Back Under 2.00%

Savings rates went different ways by tier this week. Standard and business savings edged higher, while high-yield, jumbo, and credit union savings eased. High-yield slipped 0.011 points to 1.994%, back under the 2.00% line it had reclaimed last week. The everyday tiers were the bright spot, with business savings posting the largest gain on the board. 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: 2,260 institutions tracked across all 50 states.

NATIONAL: National savings APYs were mixed the week ending June 29, 2026, with two of the five tracked tiers higher and three lower. The headline was at the top of the board: high-yield savings slipped 0.011 points to 1.994% APY, dipping back under the 2.00% line it had reclaimed a week earlier. The everyday tiers leaned the other way: business savings jumped 0.027 points to 0.615%, the week’s largest gain, and standard savings inched up 0.003 points to 0.868%, while jumbo and credit union savings eased.

High-yield savings gave back last week’s small gain and a touch more. After reclaiming 2.00% a week earlier, it eased 0.011 points to 1.994%, back just under the line. The pattern remains a few thousandths up, a few thousandths down, with no real trend underneath, and even so the leading tier stays well clear of everything below it. The gap between high-yield and standard savings narrowed to 1.126 points from 1.140, as high-yield slipped while the broad standard tier inched up.

The everyday tiers were the week’s bright spot. Standard savings, the broad-market tier, rose 0.003 points to 0.868%, and business savings posted the largest gain on the board, up 0.027 points to 0.615%, extending a climb it has carried for several weeks. Credit union savings went the other way, down 0.017 points to 0.265%, giving back last week’s rebound. The rate-shopping gap is still the real story: at 1.126 points between the high-yield and standard tiers, a saver with $25,000 on deposit could pick up roughly $282 a year by moving from a standard account to a competitive high-yield product.

The specialty top tier pulled back. Jumbo savings fell 0.028 points to 1.347%, the week’s largest decline, settling further after its outsized jump earlier in the month. It still holds the second-highest spot behind high-yield, but the two specialty and online tiers that sit above the everyday accounts both eased this week, while the everyday tiers did the rising. That crosscurrent, rather than any single move, is what makes the week read as mixed.

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 Texas 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.

A mixed week, coming after a clean sweep higher, looks like a reversal but is closer to noise. The top of the market barely moved, with high-yield slipping a hundredth back under 2.00% and jumbo easing, while the everyday tiers did the rising. 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.

For savers, that shift 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 2.831% against high-yield savings at 1.994%, so a lock-in captures far more today even as it gives up the upside of a hike. That makes the choice genuinely two-sided, which is why it is worth weighing whether a CD or a savings account fits better and running the numbers on how a CD compares to high-yield savings before committing. A savings goal calculator can map how a given balance grows at each rate, and the broader trajectory lives on the savings rate trends page.