Commissions do not affect our editors' opinions or evaluations. According to FDIC data, the average interest rate on savings accounts is currently 0.41%. That rate is much higher than it was prior ...

That's the median transaction account balance as of 2022, which includes savings, checking, money market, call accounts, and prepaid debit cards. The average balance in those accounts is $62,410.

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

The average American has $11,200 in savings if they are under 35 years old. This group includes people just starting their ...

Compared to checking accounts, standard savings accounts typically offer better yields. As of September 2023, the average savings account earns 0.45% interest, according to FDIC data. However ...