Savings, Money Market & CD Rates
The national average savings rate is 0.38% a year (FDIC, October 19, 2026) — about $38 a year on $10,000. Compare every account type and see what a better rate would earn you.
FDIC national rates published October 19, 2026. Money market: 0.63%.
National average rates by account type
| Account | Nat'l avg | vs last mo. | Year ago | Rate cap |
|---|---|---|---|---|
| Savings | 0.38% | ▲ 0.01 pt | 0.40% | 4.63% |
| Checking | 0.07% | unchanged | 0.07% | 4.63% |
| Money market | 0.63% | unchanged | 0.59% | 4.63% |
| 1-mo CD | 0.23% | unchanged | 0.25% | 5.57% |
| 3-mo CD | 1.14% | ▲ 0.01 pt | 1.52% | 5.79% |
| 6-mo CD | 1.39% | ▼ 0.02 pt | 1.46% | 5.95% |
| 12-mo CD | 1.76% | ▲ 0.03 pt | 1.68% | 6.20% |
| 24-mo CD | 1.55% | ▼ 0.06 pt | 1.44% | 6.61% |
| 36-mo CD | 1.39% | ▲ 0.03 pt | 1.33% | 6.75% |
| 48-mo CD | 1.31% | ▲ 0.03 pt | 1.26% | 6.75% |
| 60-mo CD | 1.41% | ▲ 0.03 pt | 1.34% | 6.86% |
"Rate cap" is the FDIC's national rate cap for banks that are not well capitalized — a regulatory ceiling, not an offer. "A year ago" is the FDIC release of October 20, 2025.
How much interest will I earn?
Assumes the rate is an annual percentage yield held for the full term with interest left in the account; before taxes. Savings and money market rates can change at any time; a CD rate is fixed for its term.
Deposit rates since April 2021
Monthly FDIC national rates under the current method (April 2021 onward).
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Questions & answers
What is the average savings account interest rate?
0.38% per year nationally, according to the FDIC's national rates published October 19, 2026. On $10,000 that is about $38.00 in a year.
What is the average CD rate?
For a 12-month CD the national average is 1.76% (FDIC, October 19, 2026). Among standard terms, the 12-month CD currently has the highest national average at 1.76%.
What is the "national rate cap"?
It is the most a bank that is less than well capitalized may generally pay on deposits under FDIC rules: the higher of the national rate plus 0.75 point, or 120% of a similar-maturity Treasury yield plus 0.75 point. It is a regulatory limit, not a rate you are offered.
Can I earn more than the national average?
Often, yes. The national average is weighted by deposits, and the biggest banks pay low rates on savings. Many online banks and credit unions advertise rates far above it. Compare the APY, fees and minimum balance, and check that the bank is FDIC-insured (or the credit union NCUA-insured). U.S. Treasury bills are another option; see the Treasury yields page.
How often does the FDIC update these rates?
Monthly, on the third Monday (next business day if it is a federal holiday), using data from the last business day of the prior month. This page updates automatically.
Is my money safe in a savings account or CD?
Deposits at FDIC-insured banks are insured up to $250,000 per depositor, per insured bank, for each account ownership category. You can confirm a bank is insured with the FDIC's BankFind tool.
Source: FDIC, National Rates and Rate Caps (FDIC's own source note: S&P Capital IQ Pro; SNL Financial Data; calculations by FDIC). The national rate is the average paid by all FDIC-insured banks and credit unions with available data, weighted by each institution's share of domestic deposits; savings and checking use the $2,500 tier, money market and CDs average the $10,000 and $100,000 tiers. Published every third Monday, based on data from the last business day of the prior month. Interest examples are Tachlis calculations. Updated automatically.