Savings Account Statistics
Savings Account Statistics 2026
The national-average savings account pays 0.38% APY, while the best available high-yield savings accounts pay 4.20% APY — a gap of 3.82 percentage points that costs a saver about $955 a year on a $25,000 balance.
Last reviewed September 22, 2026 · SwitchWize Research Desk
What the gap costs, by balance
| Balance | At national average | At best available rate | Annual gap |
|---|---|---|---|
| $1,000 | $4 | $42 | $38 |
| $5,000 | $19 | $210 | $191 |
| $10,000 | $38 | $420 | $382 |
| $25,000 | $95 | $1,050 | $955 |
| $50,000 | $190 | $2,100 | $1,910 |
| $100,000 | $380 | $4,200 | $3,820 |
The FDIC national-average savings rate is deposit-weighted, which means the largest banks — holding the majority of US deposits — pull the average down even though online, high-yield banks pay several times more. FDIC insurance is identical either way, up to $250,000 per depositor per institution.
Source: S&P Capital IQ Pro; SNL Financial Data. Calculations: FDIC. Reflects the $2,500 product tier for savings and interest checking accounts.
How to cite this
SwitchWize. "Savings Account Statistics 2026." Bank Gap = 3.82 points, tracked daily. Cite as: SwitchWize Bank Gap Index, accessed September 22, 2026.
View the live, sourced dataset →Educational information, not personalized financial advice. Rates are illustrative of current market conditions and should be confirmed with the provider.