Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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High-Yield Savings Rates Rise to 2.021% as Business Savings Rates Fall to 0.551%
High-yield savings rates rose 0.071 points to 2.021% between October 12 and October 19. Business savings rates fell 0.082 points to 0.551%, and standard savings rates fell 0.040 points to 0.779%.
Rates on high-yield savings accounts rose 0.071 points to an average 2.021% between October 12 and October 19, while the other savings rates we track fell or held steady. Business savings rates fell 0.082 points to 0.551%, the largest change of the week. Standard savings rates fell 0.040 points to 0.779%, credit union savings rates fell 0.012 points to 0.248%, and jumbo savings rates held steady at 1.194%.
Key takeaways
- High-yield savings rates rose 0.071 points to 2.021%; the average was 1.950% on October 12 and 1.985% on October 5.
- Business savings rates fell 0.082 points to 0.551%, the largest change of the five categories, after rising 0.057 points the week before.
- Standard savings rates fell 0.040 points to 0.779%, credit union savings rates fell 0.012 points to 0.248%, and jumbo savings rates held steady at 1.194%.
- On a $25,000 balance, the high-yield average pays about $505.25 a year, against $194.75 at the standard savings average.
High-yield savings rates rose 0.071 points to 2.021%
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.
The average high-yield savings rate rose 0.071 points to 2.021% this week. The average was 1.965% on September 28, 1.985% on October 5, and 1.950% on October 12. About 255 banks report high-yield savings rates, down from about 279 a week earlier. On a $25,000 balance, the 2.021% average pays about $505.25 over a year, against $194.75 at the standard savings average.
Business and standard savings rates fell; jumbo savings rates held steady
Business savings rates fell 0.082 points to 0.551%, from 0.633% a week earlier. The business average was 0.535% on September 28, 0.576% on October 5, and 0.633% on October 12. Standard savings rates, the rate on a basic savings account, fell 0.040 points to 0.779%, from 0.819%. Credit union savings rates fell 0.012 points to 0.248%. Jumbo savings rates held steady at 1.194%, after falling 0.017 points in the week ending October 5 and 0.034 points in the week ending October 12.
Fewer institutions reported rates in all five categories than a week earlier: 255 for high-yield savings (279 a week earlier), 467 for business savings (491), 2,254 for standard savings (2,329), 1,085 for credit union savings (1,130), and 113 for jumbo savings (117). With reporting pools that change from week to week, an average can move when institutions enter or leave the pool.
Weekly change by savings category (percentage points)
This report's averages, October 12 to October 19. Green bars rose; red bars fell.
Savings rates this week: October 12 vs. October 19
| Account Category | October 12 APY | October 19 APY | Weekly Change |
|---|---|---|---|
| High-Yield Savings ▲Online banks & competitive products | 1.950% | 2.021% | ▲ +0.071 |
| Jumbo Savings High-balance & platinum accounts | 1.194% | 1.194% | ■ 0.000 |
| Standard Savings ▼Broad market | 0.819% | 0.779% | ▼ -0.040 |
| Business Savings ▼Business & commercial accounts | 0.633% | 0.551% | ▼ -0.082 |
| Credit Union Savings ▼Share savings & regular share accounts | 0.260% | 0.248% | ▼ -0.012 |
| Compare live offers: high-yield savings accounts · business 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 October 19 with October 12. Source: MonitorBankRates.com. | |||
Savings rates are variable on existing accounts
The Federal Reserve's benchmark rate has been 3.75% to 4.00% since its September 16 increase, the first since 2023. 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.
A $25,000 balance earns about $505.25 a year at the high-yield average
At the 2.021% high-yield average, a $25,000 balance earns about $505.25 over a year; at the 0.779% standard savings average it earns about $194.75. The savings calculator projects the growth of a balance at a given rate, starting from the live high-yield average, computed from rates published by more than 8,000 banks and credit unions and updated every day, and the budget calculator sets monthly income against expenses to show how much is left to save. Savers checking local offers can line up Georgia savings rates against these national averages, and category history is on our savings rate history page.
The five savings category averages on October 19
High-yield savings rates average 2.021%, jumbo savings 1.194%, standard savings 0.779%, business savings 0.551%, and credit union savings 0.248%. Savings rates are variable, and each bank sets the timing and size of its own changes.
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 October 19, 2026, these averages were calculated from 20,475 individual rates verified at 3,683 banks and credit unions; the latest collection ran October 19, 2026. The table below shows how many institutions reported rates in each category.
| Account Category | Institutions | Rates Verified |
|---|---|---|
| High-Yield Savings | 255 | 673 |
| Jumbo Savings | 113 | 377 |
| Standard Savings | 2,254 | 5,530 |
| Business Savings | 467 | 838 |
| Credit Union Savings | 1,085 | 1,787 |
| Total (distinct institutions) | 3,683 | 20,475 |
Category counts overlap because an institution can offer accounts in more than one category; the total row counts each institution once.
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.
