Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average Business Savings Rates Fall to 0.522% as Other Savings Rates Hold Steady
Business savings rates fell 0.023 points to 0.522% between October 27 and November 2. High-yield savings rates held steady at 2.046%, and standard savings rates held steady at 0.745%.
Business savings rates fell 0.023 points to an average 0.522% between October 27 and November 2, from 0.545%, the only decline among the five categories. Rates on high-yield savings accounts held steady at 2.046%, jumbo savings rates held steady at 1.180%, standard savings rates held steady at 0.745%, and credit union savings rates held steady at 0.275%.
Key takeaways
- Business savings rates fell 0.023 points to 0.522%, from 0.545% on October 27, the only category to decline.
- High-yield savings rates held steady at 2.046%, from 2.042%, and jumbo savings rates held steady at 1.180%, from 1.176%.
- Standard savings rates held steady at 0.745%, from 0.741%, and credit union savings rates held steady at 0.275%.
- On a $25,000 balance, the 2.046% high-yield average pays about $511.50 a year, against $186.25 at the 0.745% standard savings average.
Business savings rates fell 0.023 points to 0.522%
Savings rates by account category, national average APY since April 13
Average APYs from MonitorBankRates.com's nightly collection, the same series this report's figures come from, updated daily.
Business savings rates, the rates on savings accounts for businesses and commercial customers, averaged 0.545% on October 27 and 0.522% on November 2. The 0.522% average is calculated from 800 rates at 464 institutions. On a $25,000 balance, it pays about $130.50 over a year.
High-yield, jumbo, standard and credit union savings rates held steady
The average high-yield savings rate held steady at 2.046%, from 2.042%, jumbo savings rates held steady at 1.180%, from 1.176%, and standard savings rates held steady at 0.745%, from 0.741%. Credit union savings rates held steady at 0.275%.
The five averages are calculated from 715 high-yield, 418 jumbo, 5,944 standard, 800 business, and 1,981 credit union savings rates, reported by 274, 126, 2,476, 464, and 1,218 institutions.
Weekly change by savings category (percentage points)
Average APYs, October 27 to November 2. Green bars rose; red bars fell.
Savings APYs by category, October 27 and November 2
| Account Category | October 27 APY | November 2 APY | Weekly Change |
|---|---|---|---|
| High-Yield Savings ▲Online banks & competitive products | 2.042% | 2.046% | ▲ +0.004 |
| Jumbo Savings ▲High-balance & platinum accounts | 1.176% | 1.180% | ▲ +0.004 |
| Standard Savings ▲Broad market | 0.741% | 0.745% | ▲ +0.004 |
| Business Savings ▼Business & commercial accounts | 0.545% | 0.522% | ▼ -0.023 |
| Credit Union Savings Share savings & regular share accounts | 0.275% | 0.275% | ■ 0.000 |
| Compare live offers: high-yield savings accounts · jumbo savings accounts · compare savings rates | |||
| All APYs are national averages of what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates. Category averages reflect products matching MonitorBankRates.com's savings classification. This report compares November 2 with October 27. Source: MonitorBankRates.com. | |||
Savings rates 47 days after the Fed's quarter-point increase
The Federal Reserve raised its target range a quarter point to 3.75% to 4.00% on September 16 and kept it there at its October 28 meeting, on a 10 to 2 vote. A savings rate is variable: a bank can change the rate on accounts its customers already hold, and the timing and size of each change is the bank's choice.
What $25,000 earns in a year at the five savings averages
At the 2.046% high-yield average, a $25,000 balance earns about $511.50 over a year; at the 1.180% jumbo average it earns about $295.00, at the 0.745% standard average about $186.25, at the 0.522% business average about $130.50, and at the 0.275% credit union average about $68.75. The savings calculator projects the growth of a balance with regular deposits, and the budget calculator shows how much a monthly budget leaves to save; both start from today's average rates, computed from rates published by more than 8,000 banks and credit unions and updated every day. Savers checking local offers can line up Georgia savings rates against these national averages, and category history is on our savings rate history page.
Savings category averages on November 2
High-yield savings rates average 2.046%, jumbo savings 1.180%, standard savings 0.745%, business savings 0.522%, and credit union savings 0.275%. Savings rates are variable, and each bank sets the timing and size of its own changes.
Savings rate questions for November 2
What are savings account rates this week?
The average high-yield savings APY is 2.046% as of November 2, 2026, from 2.042% on October 27. The average standard savings APY is 0.745%, from 0.741%.
Which savings rates fell this week?
Business savings rates fell 0.023 points to 0.522%. High-yield, jumbo, standard and credit union savings rates held steady.
How much interest does a $25,000 savings balance earn?
About $511.50 over a year at the 2.046% high-yield average, and about $186.25 at the 0.745% standard savings average.
How many savings rates are in these averages?
The averages are calculated from 9,858 savings rates collected from banks and credit unions.
Data Coverage & Methodology
All APYs in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed institutions are actually offering to depositors, not promotional teaser rates or rate aggregator estimates.
As of November 2, 2026, these averages were calculated from 9,858 individual rates verified across the five categories, using each institution's latest rate; the latest collection ran November 1, 2026. The table below shows how many institutions reported rates in each category.
| Account Category | Institutions | Rates Verified |
|---|---|---|
| High-Yield Savings | 274 | 715 |
| Jumbo Savings | 126 | 418 |
| Standard Savings | 2,476 | 5,944 |
| Business Savings | 464 | 800 |
| Credit Union Savings | 1,218 | 1,981 |
| Total | 9,858 |
Category counts overlap because an institution can offer accounts in more than one category.
This report is for general information and is not financial advice. The APY any saver receives depends on the institution, balance, and location; confirm current offers with institutions before making decisions.
