SwitchWize Bank Gap Index release
Bank Gap Index, July 2026: $997 annual gap
American savers at the national average earned 0.38% while the top-3 average savings benchmark was 4.37%. On a representative $25,000 balance, the gap was $997 per year.
Last verified | 93 banks tracked | Freshness: stale
Publication date: | Next release date: August 1, 2026 | Published by SwitchWize Research Desk
Annual gap
$997
National average
0.38%
Top benchmark
4.37%
Rate gap
3.99 pp
What the savings gap means at common balances
Illustrative annual differences using this release's two published APYs.
At $1,000
$40/yr
At $5,000
$200/yr
At $10,000
$399/yr
At $25,000
$998/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 $966 to $984(+18 dollars)
- Best available savings benchmark moved from 4.23% to 4.32%(+0.09 percentage_points)