Anchorage, Alaska (AK) Savings Rates - March 2026
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The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Anchorage, Alaska and the surrounding area include Alaska Air Group Federal Credit UnionAlaska Air Group Federal Credit Union1048 W INTL AIRPORT RD STE 102, ANCHORAGE, AK 99518 1077A+5.0 ★Texas Ratio: 0.33% Youth Savings at 6.14% APY, NORTHERN SKIESNORTHERN SKIES1001 E Benson Blvd, Anchorage, AK 99508A+5.0 ★Texas Ratio: 2.27% Jumbo Money Market Savings at 0.70% APY, Credit Union 1 Credit UnionCredit Union 1 Credit Union1941 Abbott Rd, Anchorage, AK 99507A+5.0 ★Texas Ratio: 5.94% Premium Savings (0190-0199) and Business Premium Savings (0290-0299) or more at 0.50% APY, ADVANCIALADVANCIAL390 W 36th Ave, Anchorage, AK 99503 5815A+5.0 ★Texas Ratio: 0.31% IRA Savings at 0.30% APY, and TRUE NORTHTRUE NORTH341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639A+5.0 ★Texas Ratio: 0.00% IRA Shares Education at 0.15% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Anchorage, Alaska, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Anchorage, Alaska (AK) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Anchorage, Alaska and the surrounding area. Last Updated and Verified: March 26, 2026
Compare the Best Savings Rates in Anchorage, Alaska & Surrounding Communities
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Alaska Air Group Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.33%
1048 W INTL AIRPORT RD STE 102, ANCHORAGE, AK 99518 1077
Youth Savings
6.14%
$0
▼
Rate6.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
Alaska Air Group Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.33%
1048 W INTL AIRPORT RD STE 102, ANCHORAGE, AK 99518 1077
Savings
2.01%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
*
Alaska Air Group Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.33%
1048 W INTL AIRPORT RD STE 102, ANCHORAGE, AK 99518 1077
Youth Savings
2.01%
$0
▼
Rate2.00%
Min Deposit$0
Min Balance—
UpdatedMar 16, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Jumbo Money Market Savings
0.70%
$100,000
▼
Rate0.70%
Min Deposit$100,000
Min Balance—
UpdatedMar 20, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Jumbo Money Market Savings
0.65%
$50,000
▼
Rate0.65%
Min Deposit$50,000
Min Balance—
UpdatedMar 20, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Jumbo Money Market Savings
0.60%
$25,000
▼
Rate0.60%
Min Deposit$25,000
Min Balance—
UpdatedMar 20, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Jumbo Money Market Savings
0.55%
$10,000
▼
Rate0.55%
Min Deposit$10,000
Min Balance—
UpdatedMar 20, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Premium Savings (0190-0199) and Business Premium Savings (0290-0299) or more
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$100,000
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Premium Savings (0190-0199) and Business Premium Savings (0290-0299)
0.40%
$0
▼
Rate0.40%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$50,000-$99,999.99
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Premium Savings (0190-0199) and Business Premium Savings (0290-0299)
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$5,000.00-$49,999.99
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Jumbo Money Market Savings
0.30%
$2,500
▼
Rate0.30%
Min Deposit$2,500
Min Balance—
UpdatedMar 20, 2026
Details
ADVANCIAL
Institution Rating:
A+5.0 ★Texas Ratio: 0.31%
390 W 36th Ave, Anchorage, AK 99503 5815
IRA Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Roth IRA Shares
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Regular IRA Shares
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
IRA Savings (0650-0659)
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
TRUE NORTH
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639
IRA Shares Education
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
TRUE NORTH
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639
IRA Shares Roth
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
TRUE NORTH
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639
IRA Shares SEP
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
TRUE NORTH
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639
IRA Shares Traditional
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Educational/Coverdell IRA Shares
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Nuvision Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.70%
440 E 36th Ave, Anchorage, AK 99503 4172
IRA Savings (Traditional and Roth)
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Additional Savings (0100-0109)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Special Purpose Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
ADVANCIAL
Institution Rating:
A+5.0 ★Texas Ratio: 0.31%
390 W 36th Ave, Anchorage, AK 99503 5815
Business Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
ADVANCIAL
Institution Rating:
A+5.0 ★Texas Ratio: 0.31%
390 W 36th Ave, Anchorage, AK 99503 5815
Money Musketeers® Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
ADVANCIAL
Institution Rating:
A+5.0 ★Texas Ratio: 0.31%
390 W 36th Ave, Anchorage, AK 99503 5815
Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
TRUE NORTH
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639
Business Share Savings
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 22, 2026
Details
Dividends Compounded and Credited Quarterly. APY is accurate as of the last dividend declaration date and may change after account is opened. Fees may reduce earnings on the account.
TRUE NORTH
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
341 W Tudor Rd Ste 100, Anchorage, AK 99503 6639
Regular and Secondary Shares
0.10%
$5
▼
Rate0.10%
Min Deposit$5
Min Balance—
UpdatedMar 22, 2026
Details
Dividends Compounded and Credited Quarterly. APY is accurate as of the last dividend declaration date and may change after account is opened. Fees may reduce earnings on the account.
NORTHERN SKIES
Institution Rating:
A+5.0 ★Texas Ratio: 2.27%
1001 E Benson Blvd, Anchorage, AK 99508
Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Nuvision Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.70%
440 E 36th Ave, Anchorage, AK 99503 4172
Sub Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Nuvision Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.70%
440 E 36th Ave, Anchorage, AK 99503 4172
Primary Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
IOLTA Additional Savings (0109)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
IOLTA Regular/Business Share (0001)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Regular/Business Share (0001) (0002)
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
*Minimum balance to open: $5
ADVANCIAL
Institution Rating:
A+5.0 ★Texas Ratio: 0.31%
390 W 36th Ave, Anchorage, AK 99503 5815
Dinero® Savings
0.10%
$0
▼
Rate0.10%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Health Savings Account
0.09%
$0
▼
Rate0.09%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$50,000+
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Health Savings Account
0.06%
$0
▼
Rate0.06%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$1,000.00 - $49,999.99
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
301 W Northern Lights Blvd, Anchorage, AK 99503
Retirement High Yield Savings
0.05%
$0
▼
Rate0.05%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
301 W Northern Lights Blvd, Anchorage, AK 99503
Platinum Savings
0.05%
$25
▼
Rate0.05%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Credit Union 1 Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.94%
1941 Abbott Rd, Anchorage, AK 99507
Health Savings Account
0.03%
$0
▼
Rate0.03%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
$0.00 - $999.99
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
301 W Northern Lights Blvd, Anchorage, AK 99503
Platinum Savings
0.02%
$25
▼
Rate0.02%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
301 W Northern Lights Blvd, Anchorage, AK 99503
Way2Save® Savings
0.01%
$25
▼
Rate0.01%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
$25 minimum opening deposit
Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
301 W Northern Lights Blvd, Anchorage, AK 99503
Platinum Savings
0.01%
$25
▼
Rate0.01%
Min Deposit$25
Min Balance—
UpdatedMar 22, 2026
Details
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
TONGASS
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
2000 Tongass Ave, Ketchikan, AK 99901 6046
Youth Savings Account
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 22, 2026
Details
Qualifying balance up to $1,000.00
Spirit of Alaska Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.77%
4001 Geist Rd, Fairbanks, AK 99709 3569
Money Market Savings
1.55%
$0
▼
Rate1.54%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Spirit of Alaska Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.77%
4001 Geist Rd, Fairbanks, AK 99709 3569
Money Market Savings
1.05%
$0
▼
Rate1.04%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Spirit of Alaska Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.77%
4001 Geist Rd, Fairbanks, AK 99709 3569
Money Market Savings
0.80%
$0
▼
Rate0.80%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
IRA/ Roth IRA/ Converted Roth IRA/ Educational IRA savings
0.75%
$0
▼
Rate0.75%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
Spirit of Alaska Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.77%
4001 Geist Rd, Fairbanks, AK 99709 3569
Money Market Savings
0.50%
$0
▼
Rate0.50%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
First Bank Ketchikan, AK
Institution Rating:
A+5.0 ★Texas Ratio: 2.24%
331 Dock St, Ketchikan, AK 99901
Peak Savings
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Spirit of Alaska Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.77%
4001 Geist Rd, Fairbanks, AK 99709 3569
Money Market Savings
0.35%
$0
▼
Rate0.35%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
Regular Shares & Secondary Shares
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
First Bank Ketchikan, AK
Institution Rating:
A+5.0 ★Texas Ratio: 2.24%
331 Dock St, Ketchikan, AK 99901
Peak Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
Business Share Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
Holiday Club Savings
0.30%
$0
▼
Rate0.30%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
First Bank Ketchikan, AK
Institution Rating:
A+5.0 ★Texas Ratio: 2.24%
331 Dock St, Ketchikan, AK 99901
Peak Savings
0.25%
$0
▼
Rate0.25%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Spirit of Alaska Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.77%
4001 Geist Rd, Fairbanks, AK 99709 3569
Money Market Savings
0.25%
$2,500
▼
Rate0.25%
Min Deposit$2,500
Min Balance—
UpdatedMar 24, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
Business Share Savings
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
Regular Shares & Secondary Shares
0.15%
$0
▼
Rate0.15%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
MAC Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.47%
3700 Santiago St, Fort Wainwright, AK 99703
Business Share Savings
0.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 20, 2026
Details
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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.
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.
Anchorage, AK Savings Rate Trends
Compare local Anchorage, AK 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.
High-Yield Savings — AK Avg
0.120%
▼ 0.022 from last week
Alaska high-yield savings rates fell 0.022 points this week to 0.120% APY, down from 0.143% last week.
Standard Savings — AK Avg
0.093%
▼ 0.455 from last week
Alaska standard savings rates fell 0.455 points this week to 0.093% APY, down from 0.548% 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 Anchorage, Alaska 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 Anchorage, Alaska. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in AK.
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 Anchorage, Alaska
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 Alaska, help your money grow faster through a higher APY.
Are savings accounts in Anchorage, Alaska 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 Alaska up to $250,000 per depositor, per institution.
How often do savings rates change in Anchorage, Alaska?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Alaska 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 Anchorage, Alaska 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 Anchorage, Alaska?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Anchorage, Alaska offer in-person customer service, which some customers prefer.
How do I open a savings account in Anchorage, Alaska?
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 Anchorage, Alaska
Here are recent savings rates observed in Anchorage, Alaska and the surrounding area:
- Alaska Air Group Federal Credit Union
Youth Savings — 6.14% APY - NORTHERN SKIES
Jumbo Money Market Savings — 0.70% APY - Credit Union 1 Credit Union
Premium Savings (0190-0199) and Business Premium Savings (0290-0299) or more — 0.50% APY - ADVANCIAL
IRA Savings — 0.30% APY - TRUE NORTH
IRA Shares Education — 0.15% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Anchorage, Alaska. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 26, 2026
