History of savings account interest rates

Let's take a look at how they've moved since 2010.

Last updated:

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Putting your nest egg within easy reach when you need it, a savings account is a must-have for many people. Looking at historical savings account rates in terms of their movement alongside the national rate can help you make an informed decision when choosing a bank.

Historical savings account interest rates

The FDIC has only kept track of savings account interest rates from the beginning of 2010. See how the online savings account you’re considering performs compared to previous average market rates.

DateInterest rate
January 20100.21%
July 20100.20%
January 20110.17%
July 20110.14%
January 20120.11%
July 20120.09%
January 20130.07%
July 20130.06%
January 20140.06%
July 20140.06%
January 20150.06%
July 20150.06%
January 20160.06%
July 20160.06%
January 20170.06%
July 20170.06%
January 20180.06%
July 20180.08%
January 20190.09%

*Based on the national average interest rates for savings accounts according to the FDIC.

Current savings account interest rates

Name Product Interest rate (APY) Fee Minimum deposit to open
Barclays Online Savings
Earn 20x the national savings account average with no fees or minimums.
American Express® Personal Savings High Yield Savings
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
BBVA Money Market
$15 per month
(can be waived)
Earn one of the highest annual percentage yields (APYs) if you live in one of 42 eligible states, and access your money by ATM, check or bill pay.
UFB Direct High Yield Savings
Earn a competitive rate with a balance higher than $10,000.
CIT Bank Savings Builder High Yield Savings Account
A super-high interest rate if you're in the habit of saving at least $100 per month or have $25K in the bank.
Radius Bank High-Yield Savings
A free high-interest savings account with a $100 minimum deposit to open

Compare up to 4 providers

Bottom line

If you’re shopping around for a new savings account, look for a bank that will give you an interest rate that meets or exceeds the national average. While the market has been pretty stagnant over the last several years, we’re in the beginning of an upward trend, which could mean higher interest rates in the future if you choose an account with a variable rate.

History of CD interest rates

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4 Responses

  1. Default Gravatar
    RuthJuly 9, 2019

    What is your source for determining the savings account interest rates? Thank you.

    • Avatarfinder Customer Care
      JeniJuly 9, 2019Staff

      Hi Ruth,

      Thank you for getting in touch with Finder.

      The data comes from the FDIC and only goes back to mid-2009.

      I hope this helps.

      Thank you and have a wonderful day!


  2. Default Gravatar
    AprilMay 14, 2019

    How much interest would I have earned on a deposit of $50,000.00 since the calendar year of 2002?

    • Avatarfinder Customer Care
      JeniMay 14, 2019Staff

      Hi April,

      Thank you for getting in touch with Finder.

      Kindly get in touch with your bank to check your account’s rate as well as to have an estimate of the interest earned since you invested in 2002. Please note that the interest computation is based on your bank’s rate.

      I hope this helps.

      Thank you and have a wonderful day!


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