SwitchWize Research Desk · Monthly edition
Savings Rate Watch: July 2026
Where US savings rates stood in July 2026. Every figure below is fixed as of and does not change, so it can be quoted and checked later.
SwitchWize Bank Gap Index
9970 vs June 2026
The distance between what a typical US bank pays on savings and the best available rate, across 93 tracked institutions.
The headline numbers
| Top savings rate tracked | 4.37% |
| National savings average | 0.38% |
| The gap between them | 3.99 points |
| Institutions tracked | 93 |
| Best single high-yield savings APY | 4.20% |
| Best CD APY | 4.35% |
| Best money market APY | 3.90% |
Top savings rates in July 2026
| Account | APY |
|---|---|
| Newtek Bank High Yield Savings | 4.20% |
| Bread Savings High Yield Savings | 3.95% |
| Vio Bank High Yield Savings | 4.00% |
| EverBank High Yield Savings | 3.90% |
| PiBank High Yield Savings | 4.10% |
How to cite this
SwitchWize Research Desk, Savings Rate Watch: July 2026, read July 31, 2026. Figures come from SwitchWize rate observations collected from official bank pages, with the national average taken from the FDIC published figure. Nothing here is estimated or projected, and this edition is not revised after publication.
Permanent link: https://www.switchwize.com/whats-changed/savings-rate-watch/2026-07