Washington Savings Rates - July 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Washington include Alaska Air Group Federal Credit UnionAlaska Air Group Federal Credit Union2800 S 192nd St Ste 106, SEATAC, WA 98188 5164A+5.0 ★Texas Ratio: 0.32%Real return: +3.34%APY minus 2.8% CPI (February 2026) Youth Savings at 6.14% APY, Red Canoe Credit UnionRed Canoe Credit Union1418 15th Ave, Longview, WA 98632A+5.0 ★Texas Ratio: 3.60%Real return: +3.20%APY minus 2.8% CPI (February 2026) Round Up Savings at 6.00% APY, People\'s Community Federal Credit UnionPeople\'s Community Federal Credit Union7403 NE Hazel Dell Ave, Vancouver, WA 98665 8310A+5.0 ★Texas Ratio: 0.00%Real return: +3.20%APY minus 2.8% CPI (February 2026) Loyalty Savings at 6.00% APY, Numerica Credit UnionNumerica Credit Union14610 E Sprague Ave, Spokane Valley, WA 99216A+5.0 ★Texas Ratio: 2.57%Real return: +3.20%APY minus 2.8% CPI (February 2026) Six7 Savings at 6.00% APY, and Spokane Teachers Credit UnionSpokane Teachers Credit Union1620 N Signal Dr, Liberty Lake, WA 99019A+5.0 ★Texas Ratio: 3.13%Real return: +2.30%APY minus 2.8% CPI (February 2026) First5 Savings at 5.10% APY.
Use the tables below to compare savings rates across Washington side-by-side. Washington savings rates currently reach as high as 6.14% APY from Alaska Air Group Federal Credit Union at 2800 S 192nd St Ste 106, SEATAC, WA 98188 5164. Rates are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Washington and the surrounding area. Last Updated and Verified: July 12, 2026
Compare the Best Savings Rates in Washington
Qualifying balance up to $1,000.00
APY is accurate as of the last dividend declaration date. No minimum balance required to earn the APY and no penalty for withdrawals. Balances above $500 earn 0.25% APY. Rate is subject to change and may change after the account is opened. STCU membership is required to open account and fees may reduce earnings. One First5 Savings Account per person.
Qualifying balance up to $5,000.00
APY on the first $1,000. Balances above $1,000 will earn our regular savings rate.
On your first qualified $500 in balances.
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. For example, an Optimum Savings or Optimum Student Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.
On the first $0 - $500 balance. Learn More
Earn 5% APY on the first $5,000. Qualifying balance up to $5,000.00
Make a debit purchase - We'll put 5¢ into a Unitus Rewards savings account for every purchase of $5.00 and up. Round up your purchase. Available with Unitus Checking.
On the first $0 - $500.
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. For example, an Optimum Savings or Optimum Student Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. for example, an Optimum Student Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000. APY is current as of 11/18/24. To open the Optimum Student Savings account and avoid a monthly service charge the customer must maintain a 1st Security Bank 1st Gold Student Checking account and perform a one-time minimum $25 transfer from this checking account to the Optimum Student Savings account at least once a month. Limit one Optimum Student Savings account per primary tax owner of each 1st Security Bank 1st Gold Student checking account.
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. for example, an Optimum Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000. APY is current as of 02/21/23. To open the Optimum Savings account and avoid a monthly service charge the customer must maintain a 1st Security Bank Checking account and perform a one-time minimum $100 transfer from this checking account to the Optimum Savings account at least once a month. Limit one Optimum Savings account per primary tax owner of each 1st Security Bank checking account.
Savings as high as 4.25% APY*
Blended APY range calculated on an assumed sample deposit of $10,000.00 for Youth Savings
Balances of $25,000.01 or more 4.00-2.87% APY. As your balance increases, your overall APY will decrease. If you do not meet these requirements your entire Loyalty Savings balance will earn .05% APY. This is a variable rate account and may change after account opening without notice. Only one Loyalty Savings account allowed per membership. Consumer memberships only.
Earn 0.500% APY* on balances over $25,000
Save for your future; Click Here
As high as
*APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Rate may change after account opening. Fees may reduce earnings. Federally insured by the NCUA.
APY*
Balance Range: $100,000 or greater
$100,000; Effective as of July 11th, 2026. Interest is compounded and credited monthly. Account transfer and withdrawal limitations apply. Daily balance is used to calculate interest. APY - Annual Percentage Yield. New Money is defined as money that has not been on deposit at the credit union in the past 30 days when the account is opened. The Credit Union may adjust a deposit to the Membership Savings account if a new money requirement is not met within 30 days of account opening.
$100,000 and greater
Qualifications Required: Sign up for eStatements; Link Bonus Savings to a Solarity checking account; Make 20 or more debit card purchases each month; Earn 3.05% APY on balances up to $10,000 and 0.05% APY on balances over $10,000 when you settle and clear 20+ debit card purchases per month with a linked Solarity checking account and enroll in eStatements. If qualifications aren't met, all balances earn 0.05% APY. Minimum to earn APY is $0.01. Limit of one Bonus Savings per checking account.
$25,000 - $99,999.99; Effective as of July 11th, 2026. Interest is compounded and credited monthly. Account transfer and withdrawal limitations apply. Daily balance is used to calculate interest. APY - Annual Percentage Yield. New Money is defined as money that has not been on deposit at the credit union in the past 30 days when the account is opened. The Credit Union may adjust a deposit to the Membership Savings account if a new money requirement is not met within 30 days of account opening.
Qualifications Required: Log on to online banking at least one time each calendar month; Receive at least one direct deposit that successfully posts to an account in the membership each calendar month; Conduct a minimum of 15 debit card transactions via the checking account in each calendar month; Be enrolled in electronic statements.; Listed promotional APY paid on balances up to $50,000; 0.05% APY paid on balances above $50,000. To qualify for bonus dividends, you must Bundle with a Horizon checking account (excluding - Tether and Explorer Checking).
Balance Range: $50.00 - $15,000.00
Qualifications Required: Make a monthly electronic transfer of $50 or more from the checking account to the savings account each month; Sign up for online statements in digital banking; On savings balances up to $15,000. Any balance above $15,000.00 will earn the standard dividend rate. Checking account does not earn dividends.
RELATIONSHIP
Variable rate account. Initial deposits into the Companion Savings Account cannot exceed the deposits into any new or renewing Certificate of Deposit (CD). Deposits into Companion Savings Accounts can only be made when a new CD is opened, a deposit is made into an existing Certificate or an existing CD account is renewed at time of maturity. When a CD matures, up to the entire balance of the maturing CD may be deposited into a Companion account. Deposits must be made the same day as the deposits into the CD or at time of maturity. Companion Savings Accounts are compatible with any CD (including IRA's). Fees may reduce earnings and rate may change after account opening.
Balance Required for State Rate: $20,000 & Over
$50,000-$99,999.99
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.
Washington Savings Rate Trends
Compare local Washington 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.
Washington high-yield savings rates fell 0.052 points over the past 7 days to 2.432% APY, down from 2.484%.
Washington standard savings rates fell 0.252 points over the past 7 days to 1.640% APY, down from 1.892%.
Washington Savings Rate Forecast — Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current WA 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 WA high-yield savings average of 2.432% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; savings institutions typically pass through 70–90% of rate cuts to deposit rates 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 Washington.
Savings Account Earnings in Washington
Annual interest earnings at current WA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.432% APY) | Monthly Earnings | Standard Savings (1.640% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $121.62 / year | $10.14 | $82.00 / year | $6.83 |
| $10,000 | $243.24 / year | $20.27 | $164.00 / year | $13.67 |
| $25,000 | $608.10 / year | $50.68 | $410.00 / year | $34.17 |
| $50,000 | $1,216.20 / year | $101.35 | $820.00 / year | $68.33 |
| 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: Washington savings rate averages as of July 13, 2026. | ||||
About Our Washington Savings Rate Database
MonitorBankRates tracks 166 savings rates from 5 banks and 20 credit unions offering savings accounts to Washington residents — including community institutions, regional banks, and national online options. 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: Alaska Air Group Federal Credit Union offers a savings account at 6.14% APY. Use the rate table above to compare all current offers in Washington.
How to Find the Best Savings Rates in Washington
What to compare when shopping for a savings account in Washington
To find the best savings APYs in Washington, start with credit unions and online-only banks — Washington has 20 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 WA high-yield savings average is 2.432% — but top local institutions are offering as high as 6.14%, 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. Washington high-yield savings rates currently average 2.432% 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 Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 25 institutions in Washington 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 → Washington CD rates
- You want check-writing flexibility → Washington money market rates
- You need daily transaction access → Washington checking rates
Washington Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
16.6% of residents are 65 or older — below the national average of 17.3%. At today’s WA high-yield savings average of 2.432%, saving 10% of the local median salary ($5,455/year) would earn an additional $133 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Washington Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Washington.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WA Avg APY | 2.432% | 1.640% | 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 | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Washington averages tracked in our database as of July 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Washington
At WA’s top rate of 6.14% from Alaska Air Group Federal Credit Union, a $10,000 deposit earns $614 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Washington earner is roughly $13,600. At 2.432% APY, saving $1,140/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsWashington’s high-yield savings average is 2.432% 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 Washington earner makes $54,551/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 2.432% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.432% APY grows to roughly $40,428 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 Washington 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 Washington 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 Washington. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in WA.
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 Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Washington safe?
How often do savings rates change in Washington?
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 Washington?
How do I open a savings account in Washington?
Best Savings Rates in Washington
- Alaska Air Group Federal Credit Union
Youth Savings — 6.14% APY - Red Canoe Credit Union
Round Up Savings — 6.00% APY - People\'s Community Federal Credit Union
Loyalty Savings — 6.00% APY - Numerica Credit Union
Six7 Savings — 6.00% APY - Spokane Teachers Credit Union
First5 Savings — 5.10% APY
Cities in Washington
