Reviewed by

Brian McKay

Brian McKay

Co-Founder & Lead Data Architect

Expertise

• Automated Online Rate Data Aggregation
• Location-Based Rate Tables
• Bank & Credit Union Health Safety Ratings
• Bank & Credit Union Star Ratings
• Finance Calculators

Brian is the Co-Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.

Read Full Bio

| September 28, 2026 | 5 min read

High-Yield Savings Rates Ease to 1.965% and Jumbo Savings Fall to 1.245%

High-yield savings rates eased 0.013 points to 1.965% between September 21 and September 28, and jumbo savings rates fell 0.101 points to 1.245% from a reporting pool of about 109 institutions. Standard, business, and credit union savings rates edged up.

Average savings rates moved in both directions between September 21 and September 28. Rates on high-yield savings accounts eased 0.013 points to an average 1.965%, giving back part of the prior week's 0.077-point rise, and jumbo savings rates fell 0.101 points to 1.245%. Standard savings rates rose 0.011 points to 0.812%, business savings rates rose to 0.535%, and credit union savings rates rose to 0.256%. 84% of the readers who answered our September 16 to 23 reader survey said they plan to move money into a higher-yield account.

High-yield savings rates gave back part of last week's rise

Savings rates by account category, national average APY since late March

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 eased 0.013 points to 1.965% this week after rising 0.077 points in the prior report. The average has moved in both directions in recent reports: 1.901% on September 14, 1.978% on September 21, and 1.965% in this report. High-yield savings is one of the smallest pools we track, about 255 banks, and repricing by a handful of institutions can move the average. On a $25,000 balance, the 1.965% average pays about $491 over a year, against about $203 at the standard savings average.

Jumbo savings rates fell below their September 14 level

Jumbo savings rates fell 0.101 points to 1.245%, below the 1.259% they averaged on September 14. About 109 institutions report jumbo savings rates, and with a pool that size the average can move by large amounts when a few institutions reprice or enter and leave the pool. Among the larger categories, standard savings rates, the rate on a basic branch savings account, rose 0.011 points to 0.812%, business savings rates rose to 0.535%, and credit union savings rates rose to 0.256%.

Weekly change by savings category (percentage points)

This report's averages, September 21 to September 28. Green bars rose; red bars fell.

Savings rates this week: September 21 vs. September 28

Savings rates two weeks after the Fed's increase

The Federal Reserve's benchmark rate has been 3.75% to 4.00% since September 16, when it raised the rate a quarter point in its first increase since 2023. In the two savings reports collected since, the high-yield average rose 0.077 points and then eased 0.013, and the five category averages have moved in both directions each week. Savings rates are variable, so a bank can raise the rate on accounts its customers already hold, with nothing to sign; how fast and how fully is each bank's choice.

Savings earnings at this week's averages

At the 1.965% high-yield average, a $25,000 balance earns about $491 over a year; at the 0.812% standard savings average it earns about $203. The savings goal calculator calculates the monthly deposit needed to reach a savings goal, 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 CD vs high-yield savings calculator loads today's average for each product and accepts your own rates in place of the defaults. Savers checking local offers can line up California savings rates against these national averages, and category history is on our savings rate history page.

The bottom line for savers

High-yield savings rates averaged 1.965% this week, with jumbo savings at 1.245%, standard savings at 0.812%, business savings at 0.535%, and credit union savings at 0.256%. Savings rates are variable, and each bank sets the timing and size of its own changes. On a $25,000 balance, an average high-yield account earns about $288 a year more than an average standard account, and our guide on how to find the best savings rates online covers where to look first.