Savings Rates Rise;
High-Yield Climbs Above 2%

All five savings tiers gained ground this week. High-yield savings rose 0.055 points to 2.028%, reclaiming the 2% threshold. Standard savings posted a matching 0.058 point gain to 0.772% — its second consecutive weekly increase. Business savings added 0.026 points, while jumbo and credit union savings edged higher.

📊 Full 5-tier savings data tracked weekly by MonitorBankRates.com across all 50 states.

NATIONAL — National savings rates moved higher across all five tracked tiers for the week ending May 12, 2026 — the second consecutive week of broad-based gains. High-yield savings rose 0.055 points to 2.028%, recovering above the 2% threshold after slipping below it briefly in late April. Standard savings posted a nearly identical move at +0.058 points to 0.772% — the largest single-tier gain this week and a second consecutive weekly increase at the bottom of the savings curve. Business savings added 0.026 points to 0.537%, jumbo savings edged up 0.012 points to 1.294%, and credit union savings rose 0.006 points to 0.278%.

High-yield savings APYs reclaimed the 2% threshold this week with a 0.055 point gain to 2.028%. The tier had briefly slipped below 2% in late April before recovering. The two-week pattern (+0.064 then +0.055) suggests the high-yield segment is settling at a level modestly above the 2% line rather than holding at last month’s sub-2% lows. The high-yield-to-standard spread held at 1.256 percentage points from last week’s 1.259, essentially unchanged as both tiers moved in lockstep this week.

Standard savings APYs posted the week’s largest move at +0.058 points to 0.772%. The broadest tier — covering the largest pool of institutions across the savings universe — rarely moves by this much in a single week, so the +0.058 gain is meaningful. Combined with last week’s +0.046 point gain, standard savings has now risen 0.104 points over two weeks, the strongest two-week move in the broad market in recent months. The pattern of standard rising alongside high-yield suggests rate-competitive behavior is filtering down from online banks to the broader brick-and-mortar market.

Jumbo savings APYs edged up 0.012 points to 1.294% — a modest gain that reverses last week’s decline. Business savings rose 0.026 points to 0.537%, its second consecutive weekly gain and now sitting at the highest level in recent months for the commercial tier. Credit union savings was essentially flat, adding 0.006 points to 0.278%. The 1.256-point gap between high-yield and standard savings continues to make active rate shopping worthwhile — on a $10,000 balance, the difference translates to approximately $126 in additional annual interest for savers who move funds from a standard product to a competitive high-yield account.

The two-week pattern in savings rates now shows broad-based gains across the curve. High-yield has risen 0.119 points over two weeks, standard has risen 0.104 points, and business has risen 0.038 points. The most directional signal in the data is the parallel movement between high-yield and standard tiers — when these two move together, it usually reflects a broader shift in deposit pricing dynamics rather than competitive repricing at the top alone. Whether the pattern continues depends on Treasury yield direction and competitive deposit flow over the next several weeks.

For consumers, the renewed strength at the high-yield tier brings the most competitive savings products back above the 2% line, restoring a more attractive headline rate for active savers. Finding the best savings rates online remains the most reliable way to capture the 1.256 percentage point spread between high-yield and standard savings — a gap that has held wide for several months and continues to reward savers willing to compare options across institution types. Track how these tier averages evolve week to week on the national savings rate trends page.