If you’ve got money sitting in a traditional savings account, you might be earning less than you think. In 2025, the national average interest rate on savings accounts in the U.S. is still under 1%, despite a high interest rate environment. That means your hard-earned savings might be missing out on serious growth.

Let’s break down what this average means — and more importantly, how you can earn more.

💡 What’s the National Average Savings Account Rate?

According to the latest data:

• The Federal Deposit Insurance Corporation (FDIC) reports an average savings interest rate of 0.38% APY (Annual Percentage Yield) as of mid-2025.

• Meanwhile, Bankrate, a leading industry resource, found a slightly higher average of 0.60% APY in its July 2025 survey of banks and credit unions.

These rates reflect traditional banks and credit unions across the U.S., many of which still offer less than 1% on basic savings accounts.

📉 What Does That Mean for Your Money?

Let’s say you deposit $10,000 in a savings account with an interest rate of 0.50% APY. After one year, you’ll earn just $50 in interest.

Now compare that to a high-yield savings account offering 4.50% APY — you’d earn $450 over the same period. That’s 9x more just by choosing the right account.

🚀 Why Are National Rates So Low?

The average stays low for a few key reasons:

• Traditional banks tend to offer lower rates due to higher overhead costs.

• Many consumers don’t switch accounts, allowing banks to maintain lower payouts.

• Online and fintech banks, on the other hand, are more competitive and often offer better rates.

🔍 How to Find Better Savings Options

Looking to beat the national average? Here’s how:

✅ Look for High-Yield Savings Accounts

Banks like VinBank offer savings accounts with interest rates up to 7%, far above the national average.

✅ Choose Digital-First Banks

Online banks and neobanks have lower costs — and they pass the savings on to you.

✅ Avoid Dormant Accounts

Some traditional savings accounts come with fees that can eat into your already-low interest.

✅ Compare Terms and Conditions

Look for accounts with no minimum balance and no monthly maintenance fees.

💳 VinBank Makes Saving Smarter

At VinBank, we believe your money should work as hard as you do. That’s why our savings accounts offer:

• Up to 7% Interest — far above national averages

• No Monthly Fees

• 100% Digital Access

• Free SMS & App Alerts to track your savings growth

📈 Final Thoughts: Make Your Money Count

The national average for savings interest rates may still be stuck below 1%, but you don’t have to settle for less. With a little research and the right banking partner, you can maximize your savings, grow your wealth, and take control of your financial future.

Switch to a smarter savings account today — because every percent matters.