Wake Forest, North Carolina Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
The best savings rates for Wake Forest, North Carolina and the surrounding area include FsnbFsnb2114 S Main St, Wake Forest, NC 27587A+5.0 ★Texas Ratio: 4.31%Real return: +4.20%APY minus 2.8% CPI (February 2026) Cents-able Savings at 7.00% APY, State Employees Credit UnionState Employees Credit Union1116 JENKINS RD, WAKE FOREST, NC 27587A5.0 ★Texas Ratio: 8.54%Real return: +0.50%APY minus 2.8% CPI (February 2026) Coverdell Education Savings Account at 3.30% APY, Benchmark Community BankBenchmark Community Bank3619 Rogers Rd, Wake Forest, NC 27587A+5.0 ★Texas Ratio: 1.65%Real return: -1.80%APY minus 2.8% CPI (February 2026) Pay or Play Savings at 1.00% APY, First HorizonFirst Horizon12217 Capital Blvd, Wake Forest, NC 27587A+5.0 ★Texas Ratio: 5.82%Real return: -2.05%APY minus 2.8% CPI (February 2026) TotalView Money Market Savings at 0.75% APY, and ElecTel Cooperative Federal Credit UnionElecTel Cooperative Federal Credit Union414 Wait Ave, WAKE FOREST, NC 27587A+5.0 ★Texas Ratio: 1.02%Real return: -2.30%APY minus 2.8% CPI (February 2026) IRA Savings at 0.50% APY.
Wake Forest has 30 local institutions in our database, with savings rates as high as 7.00% APY from Fsnb at 2114 S Main St, Wake Forest, NC 27587. Use the table below to compare all available offers, including options from institutions serving the broader North Carolina area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Wake Forest, North Carolina and the surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Savings Rates in Wake Forest, North Carolina & Surrounding Communities
1.00% Annual Percentage Yield (APY) on balances up to $2,000 and 0.00% APY on balances over $2,000. $100 daily balance to earn APY. APYs are accurate as of June 9, 2026. Rates are subject to change at any time without notice before or after account opening. Fees may reduce earnings. This account is only offered to Benchmark Community Bank customers (individuals) that have a checking, savings, or money market account and are at least eighteen (18) years of age or older. Only one customer may be an owner of each account. Each customer may open up to five (5) Pay and Play Savings accounts. No minimum balance requirements apply for this account. No monthly service charge. You may not make withdrawals from this account. On or about March 28 or September 28 each year, an automatic withdrawal will transfer the account balance and accrued interest from this account to one of your Benchmark Community Bank checking, savings, or money market accounts, as designated at account opening. A closing account fee may be imposed during certain times of the year.
Balance: $100,000 - $249,999
Balances $50,000.00 or more
Balance: $25,000 - $49,999
Balance: $0 - $24,999
Balances $5,000.00 to $49,999.99
***
Balances less than $5,000.00
All balances
Balances over $2500 earn a blended rate of .20% - .05%. Checking accounts and Money Market accounts are subject to fees, which may reduce the annual percentage yield. FDIC deposit insurance is now $250,000 per depositor. A minimum balance of $0.01 must be maintained in the account each day to obtain the disclosed annual percentage yield.
Balance: $50,000 - $99,999
Balance: $0 - $24,999
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0 or more
Checking accounts and Money Market accounts are subject to fees, which may reduce the annual percentage yield. FDIC deposit insurance is now $250,000 per depositor. A minimum balance of $0.01 must be maintained in the account each day to obtain the disclosed annual percentage yield.
Balances over $2500 earn a blended rate of .20% - .05%. Checking accounts and Money Market accounts are subject to fees, which may reduce the annual percentage yield. FDIC deposit insurance is now $250,000 per depositor. A minimum balance of $0.01 must be maintained in the account each day to obtain the disclosed annual percentage yield.
Checking accounts and Money Market accounts are subject to fees, which may reduce the annual percentage yield. FDIC deposit insurance is now $250,000 per depositor. A minimum balance of $0.01 must be maintained in the account each day to obtain the disclosed annual percentage yield.
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Balance: $0 or more
Age: 0-12; Balance: balances up to $3,000
Age: 13-17; Balance: balances up to $3,000
Up to 5.00%; Dividends credited Monthly; Account transfer & withdrawal limitations apply
Go Savings is the best friend account to our Go Checking , but there's a reason the cool kids hang together. A bonus dividend rate of 5.00% APY* is paid on the first $2,500 balance in the account for the first 12 months** beginning on the date the account is opened! For example, accounts opened in April will earn the bonus dividend from the date the account is opened through April of the following year. All this plus instant access to all the other beneficial financial services we offer, for a minimum opening deposit of just $5. Best for: the busy person on the go who just wants their money to do all of the work- and that's ok. We don't blame you. Non-Bonus Rate is 0.05% with anticipated APY of 0.05% for balances of $2500.01 and greater Offer subject to change without notice.
Earn $300 cash bonus. Maintain a balance of at least $20,000 for 90 days. Deposits begin earning interest on the day the deposit is posted to your account. Interest is compounded daily and posted to your account on the last business day of the month. You must have a balance of $.01 to earn interest.
Earn 4.00% APY* on balances up to $25,000; Earn 0.500% APY* on balances over $25,000; No minimum balance required; No monthly maintenance fees; Sync to digital wallet like Apple Pay for contactless, cashless purchases; Mobile App for Apple and Android devices - deposit checks, apply for a loan, open a new account, send money to family and friends with Zelle; Visa Debit Card with EMV chip technology; CO-OP Nationwide ATM & Shared Branch Network with nearly 30,000 surcharge free ATMs, 5,000 branches; Overdraft line-of-credit up to $20,000 available; Enroll in VISA Debit Card purchase alerts Click here
Balances above $10,000.01 will earn .10 APY*
Promotional APY for first 180 days. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s). Variable rate. New personal savings client required. New money required. Account must remain open for the full 180-day promotional period. Offer subject to change or cancellation.
Balance: $0.01 - $25,000.00; This account requires enrollment in eStatements and is limited to one withdrawal per month. If more than one withdrawal is completed in a month or you are not enrolled in eStatements, you will earn 0.05% APY on the entire balance. If requirements are not met as of the last day of the month, the reduced rate will apply beginning the following month. Limit one (1) High-Yield Savings account per member. Dividends compound monthly. $5 deposit to Langley savings account required for membership. Rates may change at any time at Langley's discretion. No minimum deposit required. Insured by NCUA.
Max Balance: $2,500.00
Balance: $5,000,000 - $9,999,999
Earn 3.40% APY when you combine Companion Savings with a qualifying FirstBank CD.
Balance: $3,000,000 - $4,999,999
Balance: $3,000,000+
Balance: $5,000.00 to $2,000,000.99; With Huntington Perks Checking**
Balance: Up to $25,000
Qualifications Required: Active Truliant checking account with $500+ in monthly deposits from sources outside Truliant; Primary account ownership of both the checking and savings accounts; 10+ withdrawals per month (including debit card purchases, bill payments, automatic transfers, loan payments).; Premium Rate 3.200% APY on balances up to $25,000. Qualifying balance up to $1,000.00. Base Rate 0.10% APY on balances above $25,000. Avoid a service fee by maintaining $1,000 average monthly account balance.
Balance: $100 - $100,000
Balance: $1,000,000 - $2,999,999
Balance: $1,000,000 - $2,999,999
Balance: $5,000.00 to $2,000,000.99
Qualifications Required: Movement Rewards Checking Account or Minimum daily balance of $15,000 in the Movement Rewards Savings account; Digital statements must be activated; High interest rate on balances up to $50,000*. One account per customer. No minimum balance is required, and never worry about NSF fees!
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Balance: $0.01 - $100,000.99
Available in-branch only. On a balance below $100,000 you would earn the Personal Statement Savings annual percentage yield.
above current rate
Balance: $.00 - $1,000.00; Qualifications Required; If qualifiers are not met, member will earn 0.10% and a monthly fee of $5.00 will be charged on the last business day of the month.
$5 minimum balance to open
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.
Wake Forest, NC Savings Rate Trends
Compare local Wake Forest, NC savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
North Carolina high-yield savings rates rose 0.091 points over the past 7 days to 1.973% APY, up from 1.882%.
North Carolina standard savings rates fell 0.005 points over the past 7 days to 0.805% APY, down from 0.810%.
Wake Forest, North Carolina Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current NC high-yield average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current NC high-yield savings average of 1.973% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60–90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Wake Forest, North Carolina.
Savings Account Earnings in Wake Forest, North Carolina
Annual interest earnings at current NC average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.973% APY) | Monthly Earnings | Standard Savings (0.805% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.64 / year | $8.22 | $40.27 / year | $3.36 |
| $10,000 | $197.28 / year | $16.44 | $80.54 / year | $6.71 |
| $25,000 | $493.20 / year | $41.10 | $201.35 / year | $16.78 |
| $50,000 | $986.40 / year | $82.20 | $402.70 / year | $33.56 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Wake Forest, North Carolina savings rate averages as of September 22, 2026. | ||||
About Our Wake Forest, North Carolina Savings Rate Database
MonitorBankRates found 7 institutions with branches in Wake Forest (5 banks, 2 credit unions), plus 21 additional state-chartered and national online institutions available to Wake Forest residents. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Fsnb offers a savings account at 7.00% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Wake Forest, North Carolina.
How to Find the Best Savings Rates in Wake Forest, North Carolina
What to compare when shopping for a savings account in Wake Forest, North Carolina
To find the best savings APYs in Wake Forest, North Carolina, start with credit unions and online-only banks: Wake Forest, North Carolina has 16 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current NC high-yield savings average is 1.973% but top local institutions are offering as high as 7.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3–6 months of expenses in a liquid, FDIC-insured account. Wake Forest, North Carolina high-yield savings rates currently average 1.973% APY, far above a typical checking account.
- Short-term savings goals (6–24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Wake Forest, North Carolina institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 28 institutions in Wake Forest, North Carolina report savings rates to our database.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Wake Forest, North Carolina CD rates
- You want check-writing flexibility → Wake Forest, North Carolina money market rates
- You need daily transaction access → Wake Forest, North Carolina checking rates
Wake Forest, North Carolina Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
12.8% of residents are 65 or older, below the national average of 17.3%. At today’s NC high-yield savings average of 1.973%, saving 10% of the local median salary ($5,776/year) would earn an additional $114 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Wake Forest, North Carolina Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Wake Forest, North Carolina.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current NC Avg APY | 1.973% | 0.805% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Wake Forest, North Carolina averages tracked in our database as of September 22, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Wake Forest, North Carolina
At NC’s top rate of 7.00% from Fsnb, a $10,000 deposit earns $700 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Wake Forest, North Carolina earner is roughly $14,400. At 1.973% APY, saving $1,200/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsNorth Carolina’s high-yield savings average is 1.973% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Wake Forest, North Carolina earner makes $57,765/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.973% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.973% APY grows to roughly $36,951 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Wake Forest, North Carolina savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Wake Forest, North Carolina 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 Wake Forest, North Carolina. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in NC.
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 Wake Forest, North Carolina
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Wake Forest, North Carolina safe?
How often do savings rates change in Wake Forest, North Carolina?
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 Wake Forest, North Carolina?
How do I open a savings account in Wake Forest, North Carolina?
Best Savings Rates in Wake Forest, North Carolina
- Fsnb
Cents-able Savings: 7.00% APY - State Employees Credit Union
Coverdell Education Savings Account: 3.30% APY - Benchmark Community Bank
Pay or Play Savings: 1.00% APY - First Horizon
TotalView Money Market Savings: 0.75% APY - ElecTel Cooperative Federal Credit Union
IRA Savings: 0.50% APY
Wake Forest, North Carolina Rates & Resources
