Back to today’s briefing

Story perspectives

Online High-Yield Savings Accounts Now Offer Near-4% APYs

8/25/2026

37 3 Full Breakdown

Summary

Story summary

U.S. banks and online lenders are offering high-yield savings accounts with APYs near 4%.
The Federal Deposit Insurance Corporation (FDIC) reported the average U.S. savings-account APY was 0.38% on July 20, 2026.
Online banks achieve higher APYs by avoiding branch costs and passing savings to customers.
Deposits up to $250,000 remain protected by FDIC or National Credit Union Administration (NCUA) insurance.

1 of 1

Story summary

U.S. banks and online lenders are offering high-yield savings accounts with APYs near 4%.
The Federal Deposit Insurance Corporation (FDIC) reported the average U.S. savings-account APY was 0.38% on July 20, 2026.
Online banks achieve higher APYs by avoiding branch costs and passing savings to customers.
Deposits up to $250,000 remain protected by FDIC or National Credit Union Administration (NCUA) insurance.