Interest Earnings on a $40,000 Savings Account in 2026 Which Accounts Offer Higher Interest Rates?

The FDIC’s recent update reveals that traditional savings accounts offer a minimal average national deposit rate of 0.39%, prompting many savers to explore higher-yield alternatives. For example, a $40,000 deposit in a traditional account would earn approximately $117 in interest over a year, whereas a high-yield savings account at 4.09% could yield over $1,220 in the same period. As such, savers are encouraged to consider high-yield accounts or CDs for better returns. Consulting with a financial expert can help individuals choose the best savings option.