Savings Account Rates Decline as Fed Continues Cuts
Savings account rates have fallen since 2024 Federal Reserve cuts, with top rates around 4% APY from banks like SoFi, Barclays, and Valley Direct as of January 15, 2026.
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Latest reporting and analysis tagged with savings accounts.
Savings account rates have fallen since 2024 Federal Reserve cuts, with top rates around 4% APY from banks like SoFi, Barclays, and Valley Direct as of January 15, 2026.
High-yield savings account rates have fallen, but some accounts still offer over 4% APY. The average rate is 0.39%, with SoFi, Valley Bank Direct, and Barclays providing the highest rates as of January 13, 2026.
High-yield savings accounts and certificates of deposit provide higher interest than traditional savings, with differences in flexibility and terms.
The national average savings rate is 0.39%, but some banks offer up to 4% APY, significantly impacting potential earnings.