So Money with Farnoosh Torabi · Friday, September 18, 2026
Savers can benefit from higher interest rates, but must actively seek out high-yield savings accounts, as the national average yield is only around 0.63%. Competitive high-yield accounts, in contrast, are offering yields closer to 4%.
“The one silver lining to all of this is for savers. Good news. Higher interest rates. Savers benefit. Higher short-term rates support higher yields on high-yield savings accounts, money market funds, CDs, and treasury bills.”
“And according to reporting this week, the national average savings account yield was around 0.63%. While the competitive high-yield accounts were offering yields around 4%.”
“You need to actively look for those high-yield savings accounts. Don't just leave your money sitting in a savings account that's paying next to nothing. You can earn a lot more.”