SwitchWize Research & Data

$976/yr

The average U.S. saver forgoes about $976 a year by holding cash at the 0.38% national average instead of the 4.28% best-available rate, on a $25,000 balance.

$608/yr

The best CDs pay 4.23% versus a 1.80% national average — a 2.43-point gap worth about $608 a year on a $25,000 balance.

$844/yr

The best money market accounts pay 4.02% versus a 0.64% national average — a 3.38-point gap worth about $844 a year on a $25,000 balance.

$538/yr

The best checking accounts pay 2.25% versus a 0.10% cohort median — a 2.15-point gap worth about $538 a year on a $25,000 balance.

$976/yr

The best high-yield savings accounts pay 4.28% versus a 0.38% national average — a 3.90-point gap worth about $976 a year on a $25,000 balance.

$475/yr

The best credit cards pay 12.00% versus a 21.50% national average — a 9.50-point gap worth about $475 a year on a $25,000 balance.

$300+/yr

The average U.S. cardholder leaves about $300 in credit card rewards on the table each year by not matching their card to their spending.

$6,000

The typical U.S. household carries roughly $6,000 in revolving credit card debt.

20%+

Revolving credit card debt typically carries an APR of 20% or higher.

~$300B/yr

Americans forgo roughly $300 billion a year in interest by holding about $10 trillion in savings and checkable deposits at the national average instead of widely available high-yield accounts.

43%

About 71% of Americans check their credit score several times a year, while 43% cannot name the interest rate on their own savings account.

~$160/mo

U.S. households underestimate their subscription spending by about $160 a month, self-reporting roughly $111 against measured spending near $273.