SwitchWize Bank Gap Index release
Bank Gap Index, October 2026: $962 annual gap
American savers at the national average earned 0.37% while the top-3 average savings benchmark was 4.22%. On a representative $25,000 balance, the gap was $962 per year.
Last verified | 63 banks tracked | Freshness: fresh
Publication date: | Next release date: November 1, 2026 | Published by SwitchWize Research Desk
Annual gap
$962
National average
0.37%
Top benchmark
4.22%
Rate gap
3.85 pp
What the savings gap means at common balances
Illustrative annual differences using this release's two published APYs.
At $1,000
$38/yr
At $5,000
$193/yr
At $10,000
$385/yr
At $25,000
$962/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 |
|---|---|---|---|---|---|
| Chase | $5.02T | 0.01% | 4.21 pp | $1,053 | Verified |
| Bank of America | $3.50T | 0.04% | 4.18 pp | $1,045 | Verified |
| Citibank | $2.89T | 0.03% | 4.19 pp | $1,047 | Verified |
| Wells Fargo | $2.28T | 0.01% | 4.21 pp | $1,053 | Verified |
| Marcus by Goldman Sachs | $2.13T | 3.50% | 0.72 pp | $180 | Verified |
| U.S. Bank | $725.9B | 0.05% | 4.17 pp | $1,043 | Verified |
| Capital One | $673.8B | 3.10% | 1.12 pp | $280 | Verified |
| PNC Bank | $616.0B | 3.15% | 1.07 pp | $267 | Verified |
| Truist | $556.0B | 0.01% | 4.21 pp | $1,053 | Verified |
| TD Bank | $511.0B* | 0.02% | 4.20 pp | $1,050 | Verified |
| American Express | $308.2B | 3.10% | 1.12 pp | $280 | Verified |
| Fifth Third Bank | $300.2B | 0.01% | 4.21 pp | $1,053 | Verified |
| BMO | $292.9B* | 0.01% | 4.21 pp | $1,053 | Verified |
| Huntington Bank | $284.0B | 0.01% | 4.21 pp | $1,053 | Verified |
| Citizens Bank | $233.8B | 0.01% | 4.21 pp | $1,053 | Verified |
| M&T Bank | $219.3B | 0.01% | 4.21 pp | $1,053 | Verified |
| Barclays | $217.9B* | 3.20% | 1.02 pp | $255 | Verified |
| Ally Bank | $199.8B | 3.10% | 1.12 pp | $280 | Verified |
| KeyBank | $191.3B | 0.02% | 4.20 pp | $1,050 | Verified |
| Regions Bank | $161.3B | 0.01% | 4.21 pp | $1,053 | Verified |
| Synchrony Bank | $121.9B | 3.55% | 0.67 pp | $168 | Verified |
* TD Bank, BMO, and Barclays are Federal Reserve intermediate holding companies of foreign parents that don't file with the SEC — their assets figure is as of March 31, 2026 (Q1), the most recent FFIEC has published for them; every other bank above is as of June 30, 2026 (Q2).
What changed
- Bank Gap Index moved from $959 to $962(+3 dollars)