As of the most recent data in 2025, the national average interest rate for savings accounts in the United States is approximately:
đź’° 0.45% APY (Annual Percentage Yield)
However, this is just the national average. Many banks, especially online banks and credit unions, offer much higher rates.
🏦 Comparison of Savings Account Interest Rates (2025):
| Bank Type | Interest Rate (APY) |
|---|---|
| National average | ~0.45% |
| Online savings banks | 4.00% – 5.25% |
| Traditional banks | 0.01% – 0.10% |
| Credit unions | 0.50% – 2.00% |
âś… Factors Affecting Your Rate:
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The type of bank (online banks usually offer higher rates)
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Deposit amount and account balance
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Account type (basic savings vs. high-yield savings)
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Promotions or loyalty programs
🔍 Tips for Getting the Best Rate:
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Compare online banks like Ally, Marcus by Goldman Sachs, Synchrony, and American Express® Bank.
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Look for no monthly fees, FDIC insurance, and automatic savings features.
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Consider money market accounts if you want slightly higher yields with similar accessibility.
Would you like a list of the top 10 savings accounts by interest rate in 2025 or a recommendation based on your location or needs?
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