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What is the average savings account interest rate right now?
The national average savings account rate is 0.38% APY, versus a top tracked rate of 4.20% APY at online banks.
This figure comes directly from SwitchWize live rate data, refreshed from live rate data — not a fixed estimate. It is not personalized financial advice; your own best move depends on your bank, balance, and goals.
Compare live savings ratesReviewed September 1, 2026 by the SwitchWize Research Desk.