ECONOMY STUDIOData · United States
Savings Account Rates
0.38%National average savings rate, FDIC, October 19, 2026
Updates automaticallyLatest: Oct 19 Source: FDIC
0.63%Money market, national average
1.76%12-month CD, national average
3.7%Inflation, Sep 2026
3.4 ptInflation minus the average savings rate
In plain English
The national average interest rate on savings accounts was 0.38% in the FDIC's October 19, 2026 figures. Money market accounts averaged 0.63% and 12-month CDs 1.76%.
With inflation at 3.7%, money earning the average savings rate loses about 3.4 percentage points of buying power a year. Rates vary widely between banks, and these are averages.
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The figures
| Account | National average |
|---|---|
| Savings | 0.38% |
| Money market | 0.63% |
| 12-month CD | 1.76% |
Questions
What is the average savings account rate?
0.38%, the FDIC's national average as of October 19, 2026.
How often is this updated?
Monthly. The FDIC publishes national rates on the third Monday of each month.
Sources
- FDIC National Rates and Rate Caps (published the 3rd Monday of each month; based on the prior month end)
- BLS CPI-U (FRED CPIAUCNS), for the inflation comparison
Figures come straight from the official data and are checked before publishing. Educational content only, not financial advice.