Brooklyn, New York (NY) Savings Rates - March 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Brooklyn, New York and the surrounding area include Apple Bank for SavingsApple Bank for Savings1212 Avenue M, Brooklyn, NY 11230A+5.0 ★Texas Ratio: 1.54% Apple Bank SmartStart Savings Account at 5.00% APY, Island Federal Credit UnionIsland Federal Credit Union1750 86th St, Brooklyn, NY 11214A+5.0 ★Texas Ratio: 5.75% High Five Youth Savings Account at 5.00% APY, Carver Federal Savings BankCarver Federal Savings Bank1392 Fulton St, Brooklyn, NY 11216C3.9 ★Texas Ratio: 28.07% High Yield Online Savings at 4.25% APY, Royal Business BankRoyal Business Bank5503 8th Ave, Brooklyn, NY 11220A5.0 ★Texas Ratio: 6.64% New Year Flexible Savings Account at 3.75% APY, and Spring Bank Bronx, NYSpring Bank Bronx, NY356 Van Brunt St, Brooklyn, NY 11231A5.0 ★Texas Ratio: 11.84% Savings & IRA Savings at 3.75% APY. Savings rates as of March 26, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Brooklyn, New York, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Brooklyn, New York (NY) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Brooklyn, New York and the surrounding area. Last Updated and Verified: March 26, 2026
Compare the Best Savings Rates in Brooklyn, New York & Surrounding Communities
Qualifying balance up to $10,000.00
Qualifying balance up to $10,000
Qualifying balance up to $500.00
Apple Bank SmartStart Savings pays 12x the national average2 on balances from $1.01 to $10,000.
Open a fee-free bank account and a high-yield savings account for teens 13-17.; Earn 5.00% APY1 on savings balances from $1.01 to $10,000
Qualifying balance up to $10,000.00
Qualifying balance up to $10,000
Qualifying balance up to $10,000
**Exclusive online**
Terms and Conditions apply.
New Money Only
Simple Banking Program
Qualifications Required; Qualifying balance up to $100,000
Qualifying balance up to $249,999.99
N/A
$25,000.00 and over
Under $25,000.00
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.
Brooklyn, NY Savings Rate Trends
Compare local Brooklyn, NY 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.
New York high-yield savings rates rose 0.383 points this week to 1.261% APY, up from 0.878% last week.
New York standard savings rates fell 0.207 points this week to 0.773% APY, down from 0.980% last week.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Brooklyn, New York 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 Brooklyn, New York. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in NY.
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 Brooklyn, New York
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Brooklyn, New York safe?
How often do savings rates change in Brooklyn, New York?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Brooklyn, New York?
How do I open a savings account in Brooklyn, New York?
Best Savings Rates in Brooklyn, New York
- Apple Bank for Savings
Apple Bank SmartStart Savings Account — 5.00% APY - Island Federal Credit Union
High Five Youth Savings Account — 5.00% APY - Carver Federal Savings Bank
High Yield Online Savings — 4.25% APY - Royal Business Bank
New Year Flexible Savings Account — 3.75% APY - Spring Bank Bronx, NY
Savings & IRA Savings — 3.75% APY
