Savings Rates Are Falling in 2026 — What to Do Now

If you haven't checked your savings account rate lately, now is a good time. The Federal Reserve has kept its key interest rate unchanged for most of 2026, and that pause is starting to show up in what banks pay savers. Rates on many high-yield savings accounts have been drifting lower since spring, even as some accounts still pay close to 4% APY.