For the full APY comparison framework and account selection guide, see the High-Yield Savings hub.
Savings account rates change constantly — and in 2026, the direction is mostly downward as the Federal Reserve continues cutting rates. This tracker monitors every major high-yield savings account, logs rate changes as they happen, and helps you decide whether to stick with your current bank or move your money.
Current High-Yield Savings Rates (April 2026)
Bank
Current APY
Last Change
Direction
Min. Balance
CIT Bank Platinum Savings
4.35%
Mar 2026 (↓ from 4.50%)
↓
$5,000
Wealthfront Cash Account
4.25%
Feb 2026 (↓ from 4.50%)
↓
$1
UFB Direct
4.21%
Mar 2026
↓
$0
Bread Savings
4.15%
Feb 2026
↓
$100
Popular Direct
4.10%
Mar 2026
↓
$100
CIT Bank Savings Connect
4.10%
Mar 2026 (↓ from 4.35%)
↓
$100
Ally Online Savings
4.00%
Jan 2026 (↓ from 4.20%)
↓
$0
Marcus by Goldman Sachs
4.00%
Jan 2026 (↓ from 4.15%)
↓
$0
SoFi Savings
4.00%
Jan 2026 (↓ from 4.20%)
↓
$0 (requires direct deposit)
Discover Online Savings
3.90%
Feb 2026 (↓ from 4.10%)
↓
$0
Capital One 360 Performance
3.90%
Dec 2025 (↓ from 4.10%)
↓
$0
Barclays Online Savings
3.90%
Feb 2026
↓
$0
American Express HYSA
3.85%
Jan 2026 (↓ from 4.00%)
↓
$0
Synchrony Bank
3.80%
Jan 2026
↓
$0
Big Bank Rates (For Comparison)
Bank
Savings APY
How It Compares
Chase
0.01%
400x less than Ally
Bank of America
0.01%
400x less than Marcus
Wells Fargo
0.01%
400x less than Wealthfront
Citibank
0.01-0.04%
100-400x less than online banks
On a $25,000 balance: Ally earns $1,000/year. Chase earns $2.50/year. That’s $997.50 you’re leaving on the table.
2026 Rate Change Timeline
Q1 2026 (January - March)
Date
Bank
Old Rate
New Rate
Change
Jan 3
Ally Bank
4.20%
4.00%
-0.20%
Jan 5
Marcus
4.15%
4.00%
-0.15%
Jan 8
SoFi
4.20%
4.00%
-0.20%
Jan 10
American Express
4.00%
3.85%
-0.15%
Jan 12
Synchrony
4.00%
3.80%
-0.20%
Feb 1
Wealthfront
4.50%
4.25%
-0.25%
Feb 5
Discover
4.10%
3.90%
-0.20%
Feb 10
Barclays
4.10%
3.90%
-0.20%
Feb 15
Bread Savings
4.40%
4.15%
-0.25%
Mar 1
CIT Bank Platinum
4.50%
4.35%
-0.15%
Mar 3
CIT Bank Savings Connect
4.35%
4.10%
-0.25%
Mar 10
UFB Direct
4.41%
4.21%
-0.20%
Q1 trend: All major banks cut rates following the Fed’s January rate cut. Average decline was 0.15-0.25% across the board.
2025 Rate Recap
Period
Fed Funds Rate
Avg. HYSA Rate
Trend
Q1 2025
4.75-5.00%
4.35-4.50%
Stable
Q2 2025
4.50-4.75%
4.20-4.40%
Slight decline
Q3 2025
4.25-4.50%
4.10-4.30%
Decline continuing
Q4 2025
4.00-4.25%
4.00-4.20%
Decline continuing
Federal Reserve Rate Path and Savings Rate Forecast
Fed Rate Cuts Tracker
Meeting Date
Fed Funds Rate
Action
Impact on Savings
Jan 2026
3.75-4.00%
Cut 25 bps
HYSAs dropped to 3.85-4.25%
Mar 2026
3.75-4.00%
Held steady
Rates stabilized briefly
May 2026 (expected)
3.50-3.75% (projected)
Possible cut 25 bps
Would push HYSAs to 3.50-4.00%
Jul 2026 (expected)
3.50-3.75% (projected)
Possible hold
Depends on inflation data
Sep 2026 (expected)
3.25-3.50% (projected)
Possible cut 25 bps
HYSAs could reach 3.25-3.75%
Dec 2026 (expected)
3.25-3.50% (projected)
Possible hold
Year-end stabilization
Savings Rate Forecast: Where APYs Are Headed
Timeframe
Expected HYSA Range
Best Strategy
Now (Apr 2026)
3.80-4.35%
Lock in CDs for money you won’t need
Mid-2026
3.50-4.00%
Continue holding HYSA + consider 12-18 month CDs
End of 2026
3.25-3.75%
Rates still well above inflation; HYSA still valuable
2027 (projected)
3.00-3.50%
Long-term HYSA rates may settle here
Context: Even at 3.50%, high-yield savings accounts are historically excellent. From 2010-2021, top savings rates were 0.50-1.50%. The current environment is still favorable for cash savers.
Which Banks Cut Rates Fastest (and Slowest)
Fastest to Cut (Banks That Follow Fed Quickly)
Bank
Avg. Days After Fed Cut
Rate Cut Size
Notes
SoFi
5-7 days
Matches Fed cut exactly
Quick to raise AND cut
Wealthfront
3-7 days
Sometimes cuts more than Fed
Their rate promise tracks very closely
Marcus
7-14 days
Usually matches Fed cut
Consistent tracker
Ally
10-14 days
Sometimes cuts less than Fed
Slightly stickier on downside
Slowest to Cut (Banks That Hold Rates Longer)
Bank
Avg. Days After Fed Cut
Rate Cut Size
Notes
CIT Bank Platinum
15-30 days
Sometimes cuts less
Tends to preserve competitive edge
Popular Direct
20-30 days
Cuts in smaller increments
Slower to adjust
Discover
14-21 days
Usually matches
Moderate speed
Capital One 360
14-30 days
Sometimes larger cuts
Can lag then catch up in bigger moves
Takeaway: If you want to squeeze out every basis point during a rate-cutting cycle, banks that are slow to cut (CIT Bank, Popular Direct) keep higher rates longer.
CD Rates: Should You Lock In?
Current CD Rates vs. Savings Rates
Term
Best CD Rate
Best HYSA Rate
Lock In?
3 months
4.30%
4.35% (CIT)
❌ No — savings rate is higher
6 months
4.40%
4.35%
✅ Marginal — locks in before more cuts
12 months
4.25%
4.35%
✅ Yes — protects against further rate drops
18 months
4.15%
4.35%
✅ Yes — if you expect 2+ more rate cuts
24 months
4.05%
4.35%
✅ Yes — locks in 4%+ for 2 years
CD vs. Savings Breakeven Analysis
If savings rates drop 0.25% every quarter (plausible scenario):
Quarter
HYSA Rate
Cumulative HYSA Earnings ($50K)
12-Month CD at 4.25%
Q2 2026
4.10%
$513
$531
Q3 2026
3.85%
$994
$1,063
Q4 2026
3.60%
$1,444
$1,594
Q1 2027
3.35%
$1,863
$2,125
In this scenario, the 12-month CD earns $262 more on $50,000 — about a 0.52% advantage over savings. The more rates drop, the bigger the CD advantage.
Money Market Account Rates
Account
Current APY
Min. Balance
Check Writing
ATM Access
CIT Bank Platinum Savings
4.35%
$5,000
No
No
Sallie Mae Money Market
4.15%
$0
Yes
Yes
Vio Bank Money Market
4.10%
$100
Yes
Yes
Discover Money Market
3.90%
$0
Yes
Yes
Ally Money Market
3.90%
$0
Yes
Yes
Treasury Bill Rates vs. Savings Accounts
T-Bill Term
Yield (Apr 2026)
State Tax Exempt
Best HYSA After State Tax (6% state)
4-week
3.90%
✅
3.90% → 3.67% after state tax
13-week
4.10%
✅
4.10% → 3.85% after state tax
26-week
4.20%
✅
4.20% → 3.95% after state tax
52-week
4.15%
✅
4.15% → 3.90% after state tax
In high-tax states (CA, NY, NJ, MN), T-bills effectively yield 5-10% more than savings accounts because savings interest is taxed by your state, but T-bill interest is not.
What to Do With Your Savings Right Now
Your Situation
Action
Why
Money in a big bank (0.01%)
Move to any HYSA immediately
You’re losing $400/year per $10K
Happy with current HYSA at 4.00%
Stay put unless switching saves 0.25%+
The hassle isn’t worth 0.10%
Have $50K+ in savings
Open a CD ladder for 6-18 month maturities
Lock in current rates before more cuts
Live in a high-tax state
Consider T-bills via TreasuryDirect or brokerage
State tax exemption adds 0.20-0.50% effective yield
Emergency fund + excess cash
Keep 6 months in HYSA, put excess in CDs or invest
Don’t keep more than you need in savings
Rate Alert: Banks to Watch
Bank
Why Watch
Current APY
CIT Bank Platinum Savings
Consistently among top rates, slow to cut
4.35%
Wealthfront Cash
$8M FDIC coverage, fast rate changes
4.25%
Ally Bank
Best overall banking experience, competitive rates
WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy
