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What Is the Average Savings Account Interest Rate for November 2024?

Learn how to find the average savings account interest rate, how that differs from the highest rates and what factors impact your balance earnings.

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Understanding Average Savings Account Interest Rates

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. The average savings account in the U.S. pays 0.45% APY. But the type of savings account you have has a big impact on the amount of interest you'll earn. Switching your savings from a traditional savings ac...

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APR vs. APY: What’s the Difference?

Annual percentage rate (APR) focuses on how much interest you'll pay for money you've... a high-yield savings account. You want an account offering the best rate of return on your hard...

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