Latest Savings Account Interest Rates from Top Banks. Average Interest Rate for Savings Accounts. While it was once easy to find a savings account at your local bank offering rates upwards of 3%, rates dropped precipitously following the Great Recession, … Your interest begins to accrue no later than the business day Fifth Third receives credit for … HDFC Bank is one of the most popular private banks in India. Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. The Fifth Third Health Savings Account earns interest. Find below High and Low Saving Account Interest Rates(Updated on 21 Dec 2020): Bank Name Interest Rate; HDFC Bank Savings Account: 3.50% - RBI’s Repo Rate plus 2 basis points ICICI Bank Savings Account: 3.5% - 4.00% According to the FDIC, the national average interest rate on savings accounts currently stands at 0.05% APY.This applies to both average and jumbo deposits (balances over $100,000). The interest rates banks set on everything from deposit accounts to loans and credit cards are related to the federal funds rate. Karur Vysya Bank savings account interest rate – 2.75% #9. The top rate you can currently earn from a nationally available savings account is 0.81% annual percentage yield (APY), offered by Varo Bank.That's more … The bank may change the interest rate and APY at any time without notice. The interest rate and APY may change. This is a guideline the Federal Reserve sets to … Although the information provided by Informa Research Services, Inc. has been obtained from the various institutions, accuracy cannot be guaranteed. Money Market Account Rates: Average APYs are based on Money Market Accounts of $10,000. Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. Learn more. A Regions LifeGreen Savings account provides you all of the extras you can expect with your high balance relationship. Knowing how interest on savings accounts works can help investors earn as much as possible on the money they save. The bank offers two slabs of interest on the savings account. High Yield Savings Rates: Average APYs are based on High Yield Savings Accounts of $10,000. The bank has around 6,000 branches in around 2800 cities across the country. The best online savings accounts can help you fund your goals faster. 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