SwitchWize Bank Gap Index release
Bank Gap Index, August 2026: $930 annual gap
American savers at the national average earned 0.38% while the top-3 average savings benchmark was 4.10%. On a representative $25,000 balance, the gap was $930 per year.
Last verified | 56 banks tracked | Freshness: aging
Publication date: | Next release date: September 1, 2026 | Published by SwitchWize Research Desk
Annual gap
$930
National average
0.38%
Top benchmark
4.10%
Rate gap
3.72 pp
What the savings gap means at common balances
Illustrative annual differences using this release's two published APYs.
At $1,000
$37/yr
At $5,000
$186/yr
At $10,000
$372/yr
At $25,000
$930/yr
Large-bank cohort savings gaps per $25,000
Fixed cohort of major U.S. retail banks, sorted by total assets (largest first). Banks without a current verified savings observation stay visible as needs verification.
| Bank | Total assets | APY | Gap | Annual cost | Status |
|---|
What changed
- Bank Gap Index moved from $930 to $955(+25 dollars)
- Best available savings benchmark moved from 4.10% to 4.20%(+0.1 percentage_points)
- Tracked bank coverage moved from 56 to 64(+8 banks)