High-yield savings accounts vs. short-term Treasuries

Treasury yields for savers

Brokers and online banks

Over the past month ALLY led this group at -7.2%, while SOFI lagged at -13.0%.

No insider at these companies bought shares on the open market in the last 90 days.

Data: official daily and weekly series for prices, yields and rates, refreshed every day; stock moves from daily closes; insider trades from SEC Form 4. Live pages: SCHW, ALLY, SOFI.

What would change the picture

• The 3-month Treasury bill yield moving above its 52-week high of 4.28% or back toward the low of 3.62%; it is 4.28% now.
• The next Fed decision on 2026-10-28. Market odds: 85% hold, 1% cut, 14% hike.
• A Fed cut lowers short-term Treasury and savings rates within days; long-term rates may not follow.

These are the numbers and events to watch, not a forecast.

The 3-month Treasury bill yield today vs past years

Today's 4.28% is higher than 82% of all readings since 2001.

The 3-month Treasury bill yield: the last 10 years

The highest reading since 2001 was 5.63% on 2023-10-06. The current year is partial.

Questions people also ask

What was the highest the 3-month Treasury bill yield in the past year?

The 3-month Treasury bill yield ranged from 3.62% to 4.28% over the past 12 months. The latest reading is 4.28% (2026-10-15), at or near the top of that range.

How much has the 3-month Treasury bill yield changed in a year?

The 3-month Treasury bill yield is +0.25 pts from a year ago, +0.44 pts over three months and +0.17 pts over the past month.

When was the 3-month Treasury bill yield last this high?

Not since 2025, going by the daily and weekly history back to 2001.

Is Treasury bill interest taxable?

Yes, for federal income tax, but it is exempt from state and local income tax. Savings-account interest is taxed at all three levels, so in a high-tax state a T-bill can pay more after tax at the same rate. The 3-month bill yields 4.28% today.

Which related stocks did best this month?

Of the 3 companies tracked on this page, ALLY did best over a month (-7.2%) and SOFI worst (-13.0%). No insider at these companies bought shares on the open market in the last 90 days.

Dates to watch

Key terms on this page

Open-market trade

A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.

52-week high / low

The highest and lowest daily closing price over the past year (about 252 trading days).

Treasury yield

The annual return on U.S. government debt at the current price. Yields rise when prices fall; long-term yields set the tone for mortgages and corporate loans.

Spread (points)

The difference between two rates in percentage points: 7.4% minus 4.3% is a 3.1-point spread. 0.01 points is one basis point.

Federal funds rate

The overnight rate banks charge each other, which the Fed sets as a target range at its eight yearly meetings.

FDIC insurance

Government insurance on bank deposits, up to $250,000 per depositor, per bank, per account type.

Treasury bill

U.S. government debt that matures in a year or less. Interest is exempt from state and local income tax.

Where these numbers come from

• 3-month Treasury bill yield (%): official public data series, latest reading 2026-10-15.
• 1-year Treasury yield (%): official public data series, latest reading 2026-10-15.
• 2-year Treasury yield (%): official public data series, latest reading 2026-10-15.
• Changes compare the latest reading with the closest reading 7, 30, 91 and 365 days earlier; the 52-week range uses every reading in the past year.
• Related stocks: daily closing prices and open-market insider trades from SEC Form 4 (last 90 days).

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.