The average amount in U.S. savings accounts – how does your cash stack up?

When building your savings, a high-yield savings account can help your savings grow by earning more interest than a traditional savings account.The SCF also breaks down average account balances by household type. Couples with no children have the highest median balance, while single parents have the lowest. Again, the average balance is skewed by outliers, so the median balance may be more representative of how much households have saved.While the median bank account balance is $8,000, according to the late ...