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[Savings Interest Rates Decline After Fed Rate Cuts; Jenius Bank Offers Highest Rate] Following Three Rate Cuts By The Federal Reserve In Late 2024, Savings Interest Rates Are Declining. The National Average Savings Account Rate Is Currently 0.41%, Significantly Up From 0.06% Three Years Ago. Jenius Bank Offers The Highest Rate Among Partners At 4.50% APY With No Minimum Deposit. A $1,000 Deposit In An Account With The Average Rate Would Earn $4.11 In A Year, While The Same Deposit In A 4% APY Account Would Yield $40.81.

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