As of June 2015, personal savings account interest rates are averaging 1 percent per year, according to MoneyRates.com. This means that an individual receives 1 percent of the total he has deposited in a particular account for the entire year.
Unlike other interest rates in the U.S. economy, savings account rates are determined by individual banks, notes MoneyRates.com. A list comparing rates offered by various institutions can be found at MoneyRates.com and BankRate.com, among other sites.
Interest earned can be negated by bank fees charged to the account holder, explains Practical Money Skills for Life. To avoid this circumstance, prospective banking customers must also consider the monthly and annual fees and the minimum deposit amounts associated with opening a savings account.