{"version":"2026-state-of-american-cash","name":"SwitchWize State of American Cash","snapshotDate":"2026","citeAs":"SwitchWize, \"The State of American Cash: 2026 Report.\" Retrieved 2026.","sourcePage":"https://www.switchwize.com/learn/state-of-american-cash-2026","headline":{"householdDepositsUsd":9097764000000,"nationalAverageApyPct":0.38,"highYieldApyPct":4.103333333333333,"rateGapPct":3.72,"earningsAtNationalAverageUsd":34571503200,"earningsAtHighYieldUsd":373311582800,"estimatedForgoneInterestUsd":338740079600},"adoption":{"pctNotUsingHighYieldAccount":0.82,"pctSaversEarningLessThan4Pct":0.67,"pctSaversWhoCannotNameTheirRate":0.43},"perHouseholdExamples":[{"balance":25000,"annualGapUsd":931},{"balance":50000,"annualGapUsd":1862}],"sources":[{"label":"Federal Reserve, Households and Nonprofit Organizations; Total Time and Savings Deposits (FRED TSDABSHNO)","url":"https://fred.stlouisfed.org/series/TSDABSHNO"},{"label":"SwitchWize Bank Gap Index (live national-average and best-available savings APY)","url":"https://www.switchwize.com/bank-gap-index"},{"label":"CNBC Select, on high-yield savings adoption (published Aug. 1, 2025)","url":"https://www.cnbc.com/select/americans-not-using-high-yield-savings-accounts/"},{"label":"Bankrate/YouGov, two-thirds of savers earn less than 4% (fielded Feb. 20-23, 2024, n=3,581)","url":"https://www.bankrate.com/banking/savers-still-earning-less-than-4-percent/"},{"label":"LendingClub-commissioned survey conducted by Talker Research (Oct. 2025, n=2,000)","url":"https://talkerresearch.com/many-americans-unclear-on-how-savings-accounts-earn-interest/"}],"methodology":{"summary":"Applies the live spread between SwitchWize's national-average savings APY (0.38%) and its best-available rate (4.10%) to the live FRED TSDABSHNO figure for household and nonprofit time and savings deposits ($9097.8 billion), yielding approximately $338.7 billion, reported conservatively as \"$300 billion or more\" once the underlying figure supports that framing.","caveat":"This is an illustrative upper bound, not a claim that all deposits can or should move. Transactional balances, minimum-balance needs, and accounts already above the national average all argue for a conservative reading; see the report's honest-counterargument section for a haircut version of this estimate. Because the rate spread and household-deposits figures are now live, this dollar estimate moves with market rates -- it is not a fixed, one-time calculation."}}