The best savings rates for Federal Way, Washington and the surrounding area include Red Canoe Credit UnionRed Canoe Credit Union33616 Pacific Hwy S, Federal Way, WA 98003 6810A+5.0 ★Texas Ratio: 3.75% Round Up Savings at 6.00% APY, Ukrainian Federal Credit UnionUkrainian Federal Credit Union716 S 348th St Bldg C, Federal Way, WA 98003 7000A5.0 ★Texas Ratio: 10.45% High Dividend Share Draft at 4.00% APY, Sound Credit UnionSound Credit Union2020 S 320th St Ste H, Federal Way, WA 98003A5.0 ★Texas Ratio: 10.49% High-Yield Business Savings at 3.04% APY, Banner BankBanner Bank34600 Pacific Hwy S, Federal Way, WA 98003A+5.0 ★Texas Ratio: 1.69% High Yield Relationship Savings at 2.63% APY, and Credit Human Federal Credit UnionCredit Human Federal Credit Union33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617A-5.0 ★Texas Ratio: 14.04% Money Market Savings at 2.16% APY. Savings rates as of March 28, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Federal Way, Washington, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Federal Way, Washington (WA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Federal Way, Washington and the surrounding area. Last Updated and Verified: March 28, 2026
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
Minimum opening balance of $25,000 must be new money to Banner Bank. A Banner Bank checking account is required to open a High Yield Relationship Savings account.
Complimentary Kids Savings stackable money bank and passbook at new account opening
Get a 1.80% APY on balances of $10,000; Up to six free withdrawals per statement cycle
If relationship balance is below $25,000, Annual Percentage Yield (APY) is 0.25%.
$5 minimum balance is required to maintain a Regular Savings account.
$5 minimum balance is required to maintain a Regular Savings account.
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
$25 minimum opening deposit
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit
Qualifying balance up to $1,000.00
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
$100,000 and greater
RELATIONSHIP
Compare local Federal Way, WA 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.
Washington high-yield savings rates fell 1.033 points this week to 0.766% APY, down from 1.799% last week.
Washington standard savings rates rose 0.096 points this week to 0.307% APY, up from 0.211% last week.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Federal Way, 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 Federal Way, 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.