The current average savings account balance is $15,634.67, which is also higher than the median savings balance of $7,000.Ĭontrary to the continual interest rate hikes that we saw in 2018, the Federal Reserve has left its benchmark interest rate unchanged since entering 2019. Average and Median Bank BalancesĪccording to the Fed's latest available data, the average checking account balance was $9,284.92, a much higher figure than the median balance of $3,400. We looked at consumer bank balances, deposit rate trends and fee policies at dozens of major banks to get a snapshot of the current state of banking in the U.S. The account products, interest rates and fees that banks offer tend to change gradually over time. What percentage of Americans do not have bank accounts? Which bank operates the most branch locations in the U.S.? What percentage of bank customers regularly use online and mobile banking? What is the median checking account balance in the U.S.? What is the median savings account balance in the U.S.?
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