What Is the National Average Interest Rate for Savings Accounts in 2025?

If you’re trying to grow your money, interest rates matter — especially on your savings account. But how much are banks actually paying? And is your current rate keeping up?

In this post, we’ll break down the national average interest rate for savings accounts in 2025, why it matters, and how you can earn more with smarter banking options like SwiftAlly.

📊 What Is the National Average Savings Rate?

As of July 2025, the national average interest rate for traditional savings accounts in the U.S. is:

• 0.58% APY — according to Bankrate

• 0.38% APY — according to the FDIC

These numbers may vary slightly based on the source, but they represent the average paid by most traditional banks, especially brick-and-mortar institutions.

🏦 Why So Low?

Most big-name banks offer minimal interest rates on savings — often below 0.50% APY. Why? Because they count on brand loyalty and assume customers won’t shop around.

Unfortunately, that means your money is barely growing, even in a good economy.

🚀 How to Beat the Average: Look for High-Yield Options

Here’s the good news: You don’t have to settle for average.

High-yield savings accounts — especially those offered by online or digital-first banks like SwiftAlly — are paying 4.00% to 5.00%+ APY as of mid-2025. That’s 8–10x the national average.

✅ Let’s Compare: