Savings Rate Watch
November 2026 Savings Rate Watch: Where Cash Still Earns More
A monthly read on where savings rates stand, what moved, and who should act. The best high-yield savings accounts pay about 4.40% APY while the national average sits near 0.38% — a spread of roughly 4.02 points that idle cash gives up for nothing.
Want today's list instead of the monthly read? See today's verified savings rates.
Rates reviewed November 6, 2026 · SwitchWize Research Desk
Executive summary
Source: S&P Capital IQ Pro; SNL Financial Data. Calculations: FDIC. Reflects the $2,500 product tier for savings and interest checking accounts.
Current deposit-rate leaders
The highest current rates across four cash categories. Product terms, balance tiers, and eligibility can differ, so confirm the provider's disclosure before acting.
Verified means we read the rate from the bank page itself and saved a copy of the exact words. Tracked means a scraped reading we have not verified yet. The headline figures above use verified accounts only.
High-yield savings
Compare all| Institution | Observed APY |
|---|---|
| PibankVerified | 4.40% |
| PeakVerified | 4.27% |
| EverbankVerified | 4.20% |
| ZynloVerified | 4.10% |
| Apple BankVerified | 4.00% |
Certificates of deposit
Compare all| Institution | Observed APY |
|---|---|
| Popular DirectVerified | 5.00% |
| Sallie MaeVerified | 5.00% |
| Popular DirectVerified | 4.95% |
| Popular DirectVerified | 4.85% |
| Popular DirectVerified | 4.80% |
Money market accounts
Compare all| Institution | Observed APY |
|---|---|
| ZynloVerified | 4.05% |
| Prime AllianceVerified | 3.90% |
| QuonticVerified | 3.90% |
| First Internet BankVerified | 3.88% |
| Sallie MaeVerified | 3.60% |
Interest checking
Compare all| Institution | Observed APY |
|---|---|
| TabVerified | 2.75% |
| Bank5 ConnectVerified | 2.00% |
| UFB DirectVerified | 2.00% |
| ZynloVerified | 2.00% |
| NbkcVerified | 1.75% |
The moves below are measured on Tracked readings over the last 30 days, because a verified list only has a few days of history. They show direction, not a verified rate.
Notable upward moves
- WebbankSavings +275 bps to 3.00%
- SoFiSavings +250 bps to 3.30%
- FlagstarSavings +20 bps to 3.40%
- OpenbankSavings +20 bps to 4.00%
- SynchronySavings +20 bps to 3.75%
- PibankSavings +15 bps to 4.40%
- Sallie MaeSavings +15 bps to 4.00%
- ZynloMoney market +15 bps to 4.05%
- 5starMoney market +10 bps to 0.50%
- Capital OneMoney market +10 bps to 3.20%
- CIT BankMoney market +10 bps to 4.35%
- Fnbo DirectMoney market +10 bps to 3.35%
Notable downward moves
- SuncoastSavings -425 bps to 0.25%
- Sallie MaeMoney market -25 bps to 3.60%
What changed for savers
The Bank Gap — the spread between the best high-yield rate and the national average — moved from 3.86 points to 3.94 points month over month, a widening of 0.08 points. When the gap widens, staying put costs more; when it narrows, the urgency eases but the gap rarely closes entirely.
The practical takeaway is unchanged: cash earning the national average is leaving roughly 4.02 points on the table versus the best FDIC-insured accounts.
Who should act now
Anyone holding meaningful cash at a national-average rate. The switch to a top FDIC-insured account is online, takes minutes, and moves your rate to the top of the market immediately.
See your Rate GapWho can wait
Savers already in a competitive account near the top rates above. Monitor for downward repricing and keep an eye on CDs if you want to lock a rate before further cuts.
Run Money MapMethodology
Top APYs and rate moves are computed from SwitchWize's own rate observations across savings, CDs, money market, and checking over the trailing 30–45 days. The national average is the FDIC published figure, and the Bank Gap series comes from our monthly index. No rate figure is estimated or projected. Full sourcing is on the methodology page.
Past editions
Each edition is fixed at its reading date and is never revised, so the figures stay checkable. Cite these rather than this page, which updates continuously.