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1Scan for outdated or missing drivers - takes under a minute2Clear out junk files and repair common Windows errors3Fix the driver behind crashes, sound loss and screen glitchesThe FDIC’s national savings-rate figure for September 2024 was 0.46%, based on a $2,500 product tier. It is a national statistical average—not a live quote from a particular bank or proof of which bank offered the highest APY on September 30. The FDIC table was last updated September 16, 2024.
What was the national savings rate in September 2024?
The FDIC reported a 0.46% national rate for savings in September 2024. Its National Deposit Rates table says savings-rate figures are based on the $2,500 product tier; the September table was last updated September 16, 2024. The figure is useful as a benchmark for the national market, but it is not the APY offered by every bank.
FRED’s historical table of the FDIC national savings-rate series also records 0.46% for September 2024. It records 0.45% for October, indicating that the national measure edged down by 0.01 percentage point between those months. That movement does not establish that every bank changed its rate, or that individual account APYs fell by the same amount. FRED: FDIC National Deposit Rate for Savings.
Does 0.46% identify the best savings account rate?
No. The FDIC figure is a national benchmark, not a survey of individual accounts or a ranking of banks. The available historical figures do not establish which institution offered the highest savings APY on September 30, 2024. A bank-specific comparison requires dated provider disclosures or a comprehensive rate survey for that date.
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When comparing individual accounts, use each account’s APY and terms rather than treating the national average as an offer. Relevant terms include the APY’s effective date, minimum opening deposit or balance, any recurring deposit or direct-deposit requirement, fees, access and withdrawal rules, and applicable FDIC or NCUA coverage. These details vary by account and are not provided by the national average.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How did the Federal Reserve and Treasury rates fit in?
Federal Reserve policy
The Federal Reserve Board’s historical record says the primary credit rate was reduced from 5.5% to 5.0%, effective September 19, 2024. This is monetary-policy context, not the rate paid on a savings account. The cut alone does not show whether, when, or by how much a particular bank changed its savings APY. Federal Reserve: Open market operations.
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Treasury yields
On September 30, 2024, Treasury par yields were 4.74% at one year, 4.52% at two years, 4.23% at five years, and 3.85% at ten years. These are yields on Treasury securities, not savings-account APYs; they describe different financial products and should not be compared as though they were deposit rates. U.S. Treasury: Daily Treasury Par Yield Curve Rates.
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