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Alabama Savings Rate Trends

Sheffield, Alabama (AL) Savings Rates - March 2026

The best savings rates for Sheffield, Alabama and the surrounding area include Electrical Workers No 558 Federal Credit UnionElectrical Workers No 558 Federal Credit Union1705 E 17th St, Sheffield, AL 35660 2517A+5.0 ★Texas Ratio: 0.01% Regular Share Savings at 0.50% APY, Listerhill Credit UnionListerhill Credit Union703 S Montgomery Ave, Sheffield, AL 35660 3811A+5.0 ★Texas Ratio: 4.62% Good Start Savings Account at 0.20% APY, TVA Community Credit UnionTVA Community Credit Union425 Cox Blvd, Sheffield, AL 35660A+5.0 ★Texas Ratio: 0.71% Regular Shares at 0.20% APY, Avadian Credit UnionAvadian Credit Union15660 Highway 280, Chelsea, AL 35043A+5.0 ★Texas Ratio: 3.11% Centsible Savings2 at 7.00% APY, and First US Bank (AL)First US Bank (AL)131 Main St, Grove Hill, AL 36451A+5.0 ★Texas Ratio: 3.21% NextGEN Savings at 5.12% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.

To see how these savings rates in Sheffield, Alabama, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Sheffield, Alabama (AL) are continually updated — we recommend checking back frequently.

Savings rates reflect recent market quotes and representative offers available to depositors in Sheffield, Alabama and the surrounding area. Last Updated and Verified: March 26, 2026

Compare the Best Savings Rates in Sheffield, Alabama & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Electrical Workers No 558 Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.01%
1705 E 17th St, Sheffield, AL 35660 2517
Regular Share Savings
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
Good Start Savings Account
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Effective 3/1/2026

TVA Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.71%
425 Cox Blvd, Sheffield, AL 35660
Regular Shares
0.20%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

TVA Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.71%
425 Cox Blvd, Sheffield, AL 35660
IRA Shares
0.20%
$100
Rate0.00%
Min Deposit$100
Min Balance
UpdatedMar 22, 2026
Details

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
Share Savings Account
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Effective 3/1/2026

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
Roth IRA Savings Account
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Effective 3/1/2026

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
My Goal Savings Account
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Effective 3/1/2026

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
IRA Savings Account
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Effective 3/1/2026

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
Explorer Rewards Savings
0.20%
$5
Rate0.20%
Min Deposit$5
Min Balance
UpdatedMar 24, 2026
Details

Listerhill Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.62%
703 S Montgomery Ave, Sheffield, AL 35660 3811
Explorer Rewards Savings Account
0.20%
$0
Rate0.20%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Effective 3/1/2026

TVA Community Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.71%
425 Cox Blvd, Sheffield, AL 35660
Share Draft
0.05%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Avadian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.11%
15660 Highway 280, Chelsea, AL 35043
Centsible Savings2
7.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Qualifying balance up to $1000.00

First US Bank (AL)
Institution Rating:
A+5.0 ★Texas Ratio: 3.21%
131 Main St, Grove Hill, AL 36451
NextGEN Savings
5.12%
$5
Rate0.00%
Min Deposit$5
Min Balance
UpdatedMar 26, 2026
Details

Qualifying balance up to $500.00

Guardian Credit Union Montgomery, AL
Institution Rating:
A5.0 ★Texas Ratio: 11.42%
1789 Cong W L Dickinson Dr, Montgomery, AL 36109 2601
Round-Up Savings
5.10%
$0
Rate5.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Legacy Community Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.54%
1400 20th St S, Birmingham, AL 35205 4914
Incentive Savings
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Qualifying balance up to $1,000.00

Redstone Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.00%
220 Wynn Dr, Huntsville, AL 35893
Brighter Day Savings Account
4.06%
$0
Rate4.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Qualifying balance up to $2,500.00

Platinum Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.95%
2020 Patton Chapel Rd, Hoover, AL 35216
Youth Savings
4.00%
$0
Rate3.94%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Platinum Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.95%
2020 Patton Chapel Rd, Hoover, AL 35216
High-Yield Savings
4.00%
$0
Rate3.93%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Platinum Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.95%
2020 Patton Chapel Rd, Hoover, AL 35216
High Yield Savings
4.00%
$0
Rate3.93%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

FirstBank (TN)
Institution Rating:
A5.0 ★Texas Ratio: 6.39%
548 Main St, Roanoke, AL 36274
FirstUp Savings
3.82%
$50
Rate3.75%
Min Deposit$50
Min Balance
UpdatedMar 26, 2026
Details

Qualifications Required: recurring monthly transfer totaling $50.00 or more from the FirstBank personal checking or FirstBank personal money market; Qualifying balance up to $25,000.00

Guardian Credit Union Montgomery, AL
Institution Rating:
A5.0 ★Texas Ratio: 11.42%
1789 Cong W L Dickinson Dr, Montgomery, AL 36109 2601
High-Yield Savings
3.75%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Qualifying balance up to $10,000.00

Guardian Credit Union Montgomery, AL
Institution Rating:
A5.0 ★Texas Ratio: 11.42%
1789 Cong W L Dickinson Dr, Montgomery, AL 36109 2601
High Rate Savings
3.75%
$0
Rate3.69%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

($10,000 required average daily balance)

Avadian Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.11%
15660 Highway 280, Chelsea, AL 35043
High Yield Savings
3.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Qualifying balance up to $25,000.00

PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
409 Battle St E, Talladega, AL 35160
PNC High Yield Savings®
3.25%
$0
Rate3.20%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Platinum Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.95%
2020 Patton Chapel Rd, Hoover, AL 35216
College Savings Plan
3.00%
$0
Rate2.96%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Hancock Whitney Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.59%
50 N Royal St, Mobile, AL 36602
Freestyle Savings Account
2.75%
$0
Rate2.72%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Hancock Whitney Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.59%
50 N Royal St, Mobile, AL 36602
Freestyle Savings Account
2.50%
$0
Rate2.47%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Hancock Whitney Bank
Institution Rating:
A+5.0 ★Texas Ratio: 2.59%
50 N Royal St, Mobile, AL 36602
Freestyle Savings Account
2.25%
$0
Rate2.23%
Min Deposit$0
Min Balance
UpdatedMar 20, 2026
Details

Family Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.42%
2204 Family Security Pl SW, Decatur, AL 35603
Share Account
2.12%
$25
Rate2.10%
Min Deposit$25
Min Balance
UpdatedMar 21, 2026
Details

Family Security Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.42%
2204 Family Security Pl SW, Decatur, AL 35603
Share Savings Account
2.12%
$25
Rate2.10%
Min Deposit$25
Min Balance
UpdatedMar 21, 2026
Details

Bank of Hope
Institution Rating:
A+5.0 ★Texas Ratio: 3.52%
1605 Eastern Blvd, Montgomery, AL 36117
Kids Savings
2.00%
$25
Rate0.00%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Complimentary Kids Savings stackable money bank and passbook at new account opening

JM Associates Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.72%
6150 Omni Park Dr, Mobile, AL 36609 5195
Super Savings
1.81%
$0
Rate1.80%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Electrical Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.71%
22 Inverness Center Pkwy, Hoover, AL 35242 4814
Round-Up Savings
1.76%
$0
Rate1.75%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

JM Associates Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.72%
6150 Omni Park Dr, Mobile, AL 36609 5195
Super Savings
1.76%
$0
Rate1.75%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Balance cap: $100,000

JM Associates Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.72%
6150 Omni Park Dr, Mobile, AL 36609 5195
Super Savings
1.66%
$0
Rate1.65%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

North Alabama Educators Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.73%
2309 Whitesburg Dr SE, Huntsville, AL 35801 3819
Super Shares Account
1.66%
$0
Rate1.65%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Alabama Postal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.68%
351 24th St N, Birmingham, AL 35203 3836
Share/Club
1.65%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Local Bank Red Level, AL
Institution Rating:
A+5.0 ★Texas Ratio: 1.31%
205 Mcfarland Cir N, Tuscaloosa, AL 35406
Savings Account
1.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

First Horizon
Institution Rating:
A+5.0 ★Texas Ratio: 5.08%
2340 Woodcrest Pl, Birmingham, AL 35209
TotalView Money Market Savings
0.75%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.

Sheffield, AL Savings Rate Trends

Compare local Sheffield, AL savings rate quotes against the statewide average

Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.

View Full Alabama Savings Trends →
High-Yield Savings — AL Avg
1.084%
▼ 0.398 from last week

Alabama high-yield savings rates fell 0.398 points this week to 1.084% APY, down from 1.482% last week.

Standard Savings — AL Avg
0.528%
▲ 0.193 from last week

Alabama standard savings rates rose 0.193 points this week to 0.528% APY, up from 0.335% last week.

As of Mar 26, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Sheffield, Alabama directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.

Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Sheffield, Alabama. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in AL.

Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.

Frequently Asked Questions about Savings Accounts in Sheffield, Alabama

What is a High-Yield Savings Account (HYSA)?

A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Alabama, help your money grow faster through a higher APY.

Are savings accounts in Sheffield, Alabama safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Alabama up to $250,000 per depositor, per institution.

How often do savings rates change in Sheffield, Alabama?

Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Alabama rate tables daily to ensure you see the most current high-yield options.

Do I need a minimum deposit to open a savings account?

It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Sheffield, Alabama may require $25–$100 to open an account.

What is the difference between a Savings Account and a Money Market Account?

Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.

Are online banks better than local banks in Sheffield, Alabama?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Sheffield, Alabama offer in-person customer service, which some customers prefer.

How do I open a savings account in Sheffield, Alabama?

You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.

Best Savings Rates in Sheffield, Alabama

Here are recent savings rates observed in Sheffield, Alabama and the surrounding area:
  • Electrical Workers No 558 Federal Credit Union
    Regular Share Savings — 0.50% APY
  • Listerhill Credit Union
    Good Start Savings Account — 0.20% APY
  • TVA Community Credit Union
    Regular Shares — 0.20% APY
  • Avadian Credit Union
    Centsible Savings2 — 7.00% APY
  • First US Bank (AL)
    NextGEN Savings — 5.12% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Sheffield, Alabama. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 26, 2026