Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average High-Yield Savings Rates Fall to 2.038% as Standard and Jumbo Savings Rates Rise
High-yield savings rates fell 0.007 percentage points to 2.038% between November 3 and November 9. Standard and jumbo savings rates each rose 0.009 percentage points, to 0.755% and 1.197%.
High-yield savings rates fell 0.007 percentage points to an average 2.038% between November 3 and November 9, from 2.045%. Standard savings rates rose 0.009 percentage points to 0.755%, and jumbo savings rates rose 0.009 percentage points to 1.197%. Credit union savings rates held steady at 0.276%, and business savings rates held steady at 0.523%.
Key takeaways
- High-yield savings rates fell 0.007 percentage points to 2.038%, from 2.045% on November 3, the lowest average since October 19.
- Standard savings rates rose 0.009 percentage points to 0.755%, from 0.746%, and jumbo savings rates rose 0.009 percentage points to 1.197%, from 1.188%.
- Credit union savings rates held steady at 0.276%, from 0.274%, and business savings rates held steady at 0.523%, from 0.522%.
- On a $15,000 balance, the 2.038% high-yield average pays about $305.70 a year, against $113.25 at the 0.755% standard savings average.
High-yield savings rates fell 0.007 percentage points to 2.038%
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.
High-yield savings rates, the rates on online banks and competitive savings products, averaged 2.045% on November 3 and 2.038% on November 9. The 2.038% average is calculated from 747 rates at 278 institutions. On a $15,000 balance, it pays about $305.70 over a year.
Standard and jumbo savings rates rose; credit union and business rates held steady
Standard savings rates rose 0.009 percentage points to 0.755%, from 0.746%, and jumbo savings rates rose 0.009 percentage points to 1.197%, from 1.188%. Credit union savings rates held steady at 0.276%, from 0.274%, and business savings rates held steady at 0.523%, from 0.522%.
The five averages are calculated from 747 high-yield, 428 jumbo, 5,999 standard, 797 business, and 1,972 credit union savings rates, reported by 278, 126, 2,483, 464, and 1,216 institutions.
Weekly change by savings category (percentage points)
Average APYs, November 3 to November 9. Green bars rose; red bars fell.
Savings APYs by category, November 3 and November 9
| Account Category | November 3 APY | November 9 APY | Weekly Change |
|---|---|---|---|
| High-Yield Savings ▼Online banks & competitive products | 2.045% | 2.038% | ▼ -0.007 |
| Jumbo Savings ▲High-balance & platinum accounts | 1.188% | 1.197% | ▲ +0.009 |
| Standard Savings ▲Broad market | 0.746% | 0.755% | ▲ +0.009 |
| Business Savings ▲Business & commercial accounts | 0.522% | 0.523% | ▲ +0.001 |
| Credit Union Savings ▲Share savings & regular share accounts | 0.274% | 0.276% | ▲ +0.002 |
| Compare live offers: jumbo savings accounts · high-yield 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 9 with November 3. Source: MonitorBankRates.com. | |||
The Fed's range is unchanged; each bank sets its own savings rate
The Federal Reserve's target range has been 3.75% to 4.00% since the September 16 increase, 54 days before November 9, and the Committee held it on October 28. 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 $15,000 earns in a year at the five savings averages
At the 2.038% high-yield average, a $15,000 balance earns about $305.70 over a year; at the 1.197% jumbo average it earns about $179.55, at the 0.755% standard average about $113.25, at the 0.523% business average about $78.45, and at the 0.276% credit union average about $41.40. The savings goal calculator works out the deposits needed to reach a target balance, and the savings calculator projects the growth of a balance with regular deposits; 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 Ohio savings rates against these national averages, and category history is on our savings rate history page.
Savings category averages on November 9
High-yield savings rates average 2.038%, jumbo savings 1.197%, standard savings 0.755%, business savings 0.523%, and credit union savings 0.276%. Savings rates are variable, and each bank sets the timing and size of its own changes.
Savings rate questions for November 9
What are savings account rates this week?
The average high-yield savings APY is 2.038% as of November 9, 2026, from 2.045% on November 3. The average standard savings APY is 0.755%, from 0.746%.
Which savings rates rose this week?
Standard savings rates rose 0.009 percentage points to 0.755% and jumbo savings rates rose 0.009 percentage points to 1.197%. High-yield savings rates fell 0.007 percentage points to 2.038%. Credit union and business savings rates held steady.
How much interest does a $15,000 savings balance earn?
About $305.70 over a year at the 2.038% high-yield average, and about $113.25 at the 0.755% standard savings average.
How many savings rates are in these averages?
The averages are calculated from 9,943 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 9, 2026, these averages were calculated from 9,943 individual rates verified across the five categories, using each institution's latest rate; the latest collection ran November 8, 2026. The table below shows how many institutions reported rates in each category.
| Account Category | Institutions | Rates Verified |
|---|---|---|
| High-Yield Savings | 278 | 747 |
| Jumbo Savings | 126 | 428 |
| Standard Savings | 2,483 | 5,999 |
| Business Savings | 464 | 797 |
| Credit Union Savings | 1,216 | 1,972 |
| Total | 9,943 |
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.
