The national average savings account rate is 0.38%, according to the FDIC. However, interest-bearing accounts can offer ...

The interest rates on your savings and loans are influenced by what the Federal Reserve does. The Fed cut rates more than once in 2024, which has stirred savings rate declines. It's still beneficial ...

Here's why the interest rate on your high-yield savings account goes up and down Updated Fri, Feb 28 2025 Elizabeth Gravier Editor & Senior Reporter, CNBC Select ...

When you compare banks, the interest rate on savings accounts can be a key factor. If a bank offers a higher rate, you might choose it over others. This competition among banks benefits you.

For example, depositing $10,000 in a high-yield savings account at 4 percent APY right now could earn you nearly $400 more in interest than if you put the same amount into an account with a rock ...

While Fed rate decisions influence what you earn on savings, the type of bank and account you choose matters more than actual rate changes, making it important to pick high-yield options that respond ...

Savings account interest rates have fluctuated over the years due to many different economic changes, such as during recessions, inflation, depressions and other economic conditions.

Even though interest rates on high-yield savings accounts now hover around 1%, this yield still outpaces the 0.06% return you'd earn keeping your money in a traditional savings account.

Overview of Chase Savings Interest Rates. Chase has no minimum deposit requirement for either of its savings account options. Both accounts do have a monthly fee. The fee for Chase Savings is $5 ...

Vault’s Viewpoint on 7% Interest Savings Accounts. As of November 2024, no banks offer a 7% interest rate savings account. However, two credit unions offer 7% on select checking accounts.