Savings Rate Reality Check: When High Yield Accounts Aren't Enough The current interest rate landscape is marked by economic fluctuations that affect even high yield savings accounts.
Last week, Forbright Bank offered a 4. 15% APY on its savings account, but this rate represents a temporary reprieve from the long term trend of low returns.
According to the FDIC, the average interest rate on traditional savings accounts remains at 0. 38%, a meager return that has become a staple of modern banking.