When you contrast this with the 0.35 % current national average interest rate on 1 - year CDs banks are offering, one wonders why banks manage regularly to go broke or require taxpayer bailouts to make ends meet. (mymoneycounselor.com)
As of Sept. 5, 2017, the FDIC's national average interest rate for a savings account is 0.06 % APY, but some online - only banks pay 1.20 % APY or even higher. (gobankingrates.com)
When it comes to savings accounts the national average interest rate is 0.01 %, while the average checking rate is 0.01 %. (valuepenguin.com)