Waco, Texas Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Waco, Texas savings account rates range from 0.01% to 7.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Waco, Texas and the surrounding area include Extraco Banks National AssociationExtraco Banks National Association1700 N Valley Mills Dr, Waco, TX 76710A+5.0 ★Texas Ratio: 0.26%Real return: +2.20%APY minus 2.8% CPI (February 2026) First Savings Account at 5.00% APY, Incommons BankIncommons Bank5400 Crosslake Pkwy, Waco, TX 76712A5.0 ★Texas Ratio: 6.04%Real return: +0.20%APY minus 2.8% CPI (February 2026) Kasasa Saver Savings at 3.00% APY, First Central Credit UnionFirst Central Credit Union6201 Sanger Ave, Waco, TX 76710A5.0 ★Texas Ratio: 6.12%Real return: -0.80%APY minus 2.8% CPI (February 2026) Kasasa Saver Savings at 2.00% APY, Texell Credit UnionTexell Credit Union1221 Hewitt Dr, Waco, TX 76712 8896A+5.0 ★Texas Ratio: 3.98%Real return: -0.80%APY minus 2.8% CPI (February 2026) Health Savings Accounts (HSAs) at 2.00% APY, and FNB of McGregorFNB of McGregor510 N Valley Mills Dr, Waco, TX 76710C3.8 ★Texas Ratio: 29.33%Real return: -2.05%APY minus 2.8% CPI (February 2026) Edge Ahead Savings Account at 0.75% APY.
Waco has 59 local institutions in our database, with savings rates as high as 5.00% APY from Extraco Banks National Association at 1700 N Valley Mills Dr, Waco, TX 76710. Use the table below to compare all available offers, including options from institutions serving the broader Texas area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Waco, Texas and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Waco, Texas & Surrounding Communities
Balances under $5,000 earn 5.00% APY; balances $5,000 and above earn 0.50% APY.
Balance: $0 - $50,000.00
Qualifications Required: 1 direct deposit or ACH credit; 12 debit card purchases; e-statements enrollment; online banking enrollment/login; Balance: Up to $20,000
Rates effective 10/1/2026. Dividends are paid monthly and deposited into the account.
Qualifications Required: one (1) direct deposit, ACH debit, or Bill Pay transaction per month; log into online banking at least once a month; and a minimum of twelve (12) debit card transactions ($5 min. per transaction) per month; 0.25% APY on balances in excess of $100,000.00 if monthly qualifications are met* on your paired Extra Edge or Cash Edge Checking account.
Balances under $5,000 earn 5.00% APY; balances $5,000 and above earn 0.50% APY.
- Sep 27, 20260.50%▼ from 5.00%
- Sep 14, 20265.00%first recorded
Balance: $50,000.00 AND ABOVE; Paid quarterly
Balance: $15,000 and Greater
Balance: $100 and over
Balance: $5,000 and over
Balance: $2,500 - $14,999.99
Age: birth-21
Balance: Balances greater than $1,000,000
Balance: $2,500 - $4,999.99
Balance: $5,000.00 TO $49,999.99; Paid quarterly
Rate may change after account opened and subject to change without notice. Dividends are paid quarterly and deposited into the account.
Qualifications Required: 1 direct deposit, ACH debit, or Bill Pay transaction per month; log into online banking at least once a month; a minimum of 12 debit card transactions ($5 min. per transaction) a month; Balances in excess of $100,000.00 if monthly qualifications are met on your paired Extra Edge or Cash Edge Checking.
Balance: $0.01 - $99.99
Balance: $100 - $2,499.99
Balance: $25.01 TO $2,499.99; Paid quarterly
Balance: $500 - $2,499.99
Balance: Balances $100,000 - $999,999
Balance required for dividends: $25 daily balance; Roth Contribution IRA accounts require a minimum $250 daily balance
Balance required for dividends: $15 daily balance
Balance required for dividends: $25 daily balance
Balance required for dividends: $25 daily balance
Balance required for dividends: $10 daily balance
Balance required for dividends: $25 daily balance
Dividends Paid Monthly
Dividends compounded quarterly. Other fees and restrictions may apply to share savings and escrow accounts. See Terms and Conditions & Fee Schedule for further details.
Dividends compounded quarterly; Other fees and restrictions may apply. See Jr. Executive brochure & Fee Schedule for further details.
Dividends compounded quarterly; Other fees and restrictions may apply
Balance: Balances $1,500 - $99,999
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.05%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.05%
- Sep 18, 20260.05%first recorded
Balance: $0+
Balance: Balances less than $1,500
If monthly reward qualifications are not met on the Extra Edge or Cash Edge checking, you still earn 0.05% APY on your Edge Ahead balance.
Min. to Earn Dividends: $750; Monthly Service Charge: Up to 50 transactions no monthly charge; Dividends paid monthly; Other fees and restrictions may apply. See Terms and Conditions & Fee Schedule.
Min. to Earn Dividends: $750; Monthly Service Charge: $5.00; Dividends paid monthly; Other fees and restrictions may apply. See Terms and Conditions & Fee Schedule.
Balance: $9,999,999.99+
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.02%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $0+
Balance: $1.00 - $499.99
Balance: .01- 50,000.00
Balance: .01- 50,000.00
Balance: .01 - 24,999.99
Balance: $0 - $500. Checking account required to open
Balances up to $5,000.00 receive a rate of 4.00% with an annual percentage yield of 4.06%. Portion of the Balances over $5,000.00 receive a rate of .15% resulting in an APY range of 4.06% to 1.13% depending on the balance. Limit One Bling! Savings account per minor.
All Balances
Balance: $500,000+; $500,000+
Only available in Texas; Balance: $0.01 - $1,000,000
Balance: $500,000 and above; Fees may reduce earnings on the account; Rate may change after account opens
- Sep 18, 20263.85%▲ from 3.77%
- Sep 14, 20263.77%first recorded
Balance: $500,000.01 to $2,000,000.00
- Sep 19, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Balance: $100,000 and over
Balance: All Balances
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.
Waco, TX Savings Rate Trends
Compare local Waco, TX 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.
Texas high-yield savings rates rose 0.017 points over the past 7 days to 2.322% APY, up from 2.305%.
Texas standard savings rates fell 0.001 points over the past 7 days to 0.484% APY, down from 0.484%.
Waco, Texas Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current TX high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 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 TX high-yield savings average of 2.322% 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 to 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 Waco, Texas.
Savings Account Earnings in Waco, Texas
Annual interest earnings at current TX average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.322% APY) | Monthly Earnings | Standard Savings (0.484% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $116.10 / year | $9.67 | $24.18 / year | $2.02 |
| $10,000 | $232.21 / year | $19.35 | $48.36 / year | $4.03 |
| $25,000 | $580.53 / year | $48.38 | $120.90 / year | $10.08 |
| $50,000 | $1,161.05 / year | $96.75 | $241.80 / year | $20.15 |
| 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: Waco, Texas savings rate averages as of October 13, 2026. | ||||
About Our Waco, Texas Savings Rate Database
MonitorBankRates found 15 institutions with branches in Waco (7 banks, 8 credit unions), plus 13 additional state-chartered and national online institutions available to Waco 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 to 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: Extraco Banks National Association offers a savings account at 5.00% APY. Use the rate table above to compare all current offers in Waco, Texas.
How to Find the Best Savings Rates in Waco, Texas
What to compare when shopping for a savings account in Waco, Texas
To find the best savings APYs in Waco, Texas, start with credit unions and online-only banks: Waco, Texas has 8 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 TX high-yield savings average is 2.322% but top local institutions are offering as high as 5.00%, 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 to 6 months of expenses in a liquid, FDIC-insured account. Waco, Texas high-yield savings rates currently average 2.322% APY, far above a typical checking account.
- Short-term savings goals (6 to 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 Waco, Texas institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 28 institutions in Waco, Texas 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 Waco, Texas CD rates
- You want check-writing flexibility Waco, Texas money market rates
- You need daily transaction access Waco, Texas checking rates
Waco, Texas Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
13.4% of residents are 65 or older, below the national average of 17.3%. At today’s TX high-yield savings average of 2.322%, saving 10% of the local median salary ($2,991/year) would earn an additional $69 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Waco, Texas Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Waco, Texas.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TX Avg APY | 2.322% | 0.484% | 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 to $100 | $25 to $100 | $0 to $2,500 | $500 to $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 Waco, Texas averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Waco, Texas
At TX’s top rate of 5.00% from Extraco Banks National Association, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Waco, Texas earner is roughly $7,500. At 2.322% APY, saving $620/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsTexas’s high-yield savings average is 2.322% 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 Waco, Texas earner makes $29,917/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.322% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.322% APY grows to roughly $39,567 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 Waco, Texas 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 Waco, Texas 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 Waco, Texas. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in TX.
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 Waco, Texas
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Waco, Texas safe?
How often do savings rates change in Waco, Texas?
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 Waco, Texas?
How do I open a savings account in Waco, Texas?
Best Savings Rates in Waco, Texas
- Extraco Banks National Association
First Savings Account: 5.00% APY - Incommons Bank
Kasasa Saver Savings: 3.00% APY - First Central Credit Union
Kasasa Saver Savings: 2.00% APY - Texell Credit Union
Health Savings Accounts (HSAs): 2.00% APY - FNB of McGregor
Edge Ahead Savings Account: 0.75% APY
Waco, Texas Rates & Resources
