The best savings rates in December 2018 are hovering just below 2.50 percent and are poised to move higher before the end of the year. The current best savings rate for December 2018 is still at 2.40 percent from MySavingsDirect. That bank has been holding the stop spot for the best savings rate for all of December 2018. Savings rates will probably move higher before the end of the year if the Fed increases the fed funds rate. If a rate increase happens, we could see the best savings rates move hit 2.50 percent or even higher before the end of December. The second best savings rate in December is currently at 2.35 percent from PNC Bank. Rates change all the time, to get the best savings rates compare rates below today.