Olympia, Washington Savings Rates - September 2026
Brian McKay
Brian McKay
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The best savings rates for Olympia, Washington and the surrounding area include 1st Security Bank of Washington1st Security Bank of Washington2610 Harrison Avenue Northwest At Kenyon, Olympia, WA 98502A+5.0 ★Texas Ratio: 4.31%Real return: +2.20%APY minus 2.8% CPI (February 2026) Business Optimum Savings at 5.00% APY, Sound Credit UnionSound Credit Union3600 Martin Way E, Olympia, WA 98506A5.0 ★Texas Ratio: 10.92%Real return: +0.05%APY minus 2.8% CPI (February 2026) High-Yield Business Savings at 2.85% APY, WCLA Credit UnionWCLA Credit Union2419 Pacific Ave SE, Olympia, WA 98501A5.0 ★Texas Ratio: 12.19%Real return: -0.05%APY minus 2.8% CPI (February 2026) TIERED-RATE SHARE ACCOUNTS at 2.75% APY, EvergreenDIRECT Credit UnionEvergreenDIRECT Credit Union1018 Union Ave SE, Olympia, WA 98501 1540A+5.0 ★Texas Ratio: 1.41%Real return: -1.80%APY minus 2.8% CPI (February 2026) Kasasa Saver Savings at 1.00% APY, and Our Community Credit UnionOur Community Credit Union6541 Sexton Dr NW Ste 103, Olympia, WA 98502 9222A+5.0 ★Texas Ratio: 1.17%Real return: -2.30%APY minus 2.8% CPI (February 2026) IRA Savings at 0.50% APY.
Olympia has 48 local institutions in our database, with savings rates as high as 5.00% APY from 1st Security Bank of Washington at 2610 Harrison Avenue Northwest At Kenyon, Olympia, WA 98502. Use the table below to compare all available offers, including options from institutions serving the broader Washington area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Olympia, Washington and the surrounding area. Last Updated and Verified: September 22, 2026
Compare the Best Savings Rates in Olympia, Washington & Surrounding Communities
Balance: $0-$5,000
Balance: $0-$5,000
Must be opened at a branch; Balance: $0-$5,000
Balance: $100,000 and greater
Balance: $100,000.00
Balance: $1,000,000+
Balance: $250,000 tp $999,999
Balance: $100,000 to $249,999
Balance: $50,000-$99,999.99
Balance: $50,000 to $99,999
Balance: $25,000 to $49,999
Balance: $0.00 to $24,999
Balance: $0-$49,999.99
Balance: 0 - $25,000
Balance: $5,000.01 and higher; APY (Annual Percentage Yield) is current as of 8/1/2025. Rates are subject to change daily. Fees may reduce earnings on your account. Consumer accounts are not eligible for this offer. To open the Business Optimum Savings account and avoid the monthly service charge the business must maintain an active business checking account. Limit one Business Optimum Savings account per legal entity ownership of each business checking account. The Earnings Credit Allowance is the total dollar value of credit that can be used to offset the service charges incurred during the analysis period.
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. $0 maintenance service charge requirements: Transfer $100+ from your 1st Security Bank personal checking account to your Optimum Savings account at least once per month
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. $0 maintenance service charge requirements: Maintain an active 1st Gold Student Checking account and transfer $25+ from your 1st Gold Student checking account to your Optimum Student Savings account at least once per month
Balance: $1000 +
Must be opened at a branch
For ages 18-25. WSECU deposits $1 to open account. Accessible with Online and Mobile Banking. Accounts automatically convert to general membership account at age 26.
Balance requirement: $1.00
Balance requirement: $1.00
Minimum Balance: $25 to earn dividends; $5 to maintain
Balance: $10,000.00 & Above
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
$3 quarterly service charge will be imposed if average daily balance falls below $100. Variable interest rate account. Rates may change anytime and without notice. Fees may reduce earnings.
Balance: $0 - $99,999.99
Balance: $25,000+
Minimum Balance: $100 to earn dividends
Minimum Balance: $250 to earn dividends; $5 to maintain
Minimum Balance: $250 to earn dividends
Balance: $1,000.00 - $9,999.99
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
Balance: first $500; Dividends Compounded & Credited: Quarterly; Dividend Period: Quarterly
Available for ages 0-19 years with a parent/guardian joint signer. Regular savings rate applies to balances above $500. Dividend rate of 0.25%, APY of 0.25%. Dividend Period for balances above $500 is quarterly and dividends compound quarterly. No monthly fee or minimum balance. APY is accurate as of June 22, 2023.
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.
Olympia, WA Savings Rate Trends
Compare local Olympia, WA 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 rose 0.091 points over the past 7 days to 1.973% APY, up from 1.882%.
Washington standard savings rates fell 0.005 points over the past 7 days to 0.805% APY, down from 0.810%.
Olympia, 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 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 Olympia, Washington.
Savings Account Earnings in Olympia, 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 (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: Olympia, Washington savings rate averages as of September 22, 2026. | ||||
About Our Olympia, Washington Savings Rate Database
MonitorBankRates found 10 institutions with branches in Olympia (4 banks, 6 credit unions), plus 3 additional state-chartered and national online institutions available to Olympia 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: 1st Security Bank of Washington offers a savings account at 5.00% APY with a minimum deposit of $100. Use the rate table above to compare all current offers in Olympia, Washington.
How to Find the Best Savings Rates in Olympia, Washington
What to compare when shopping for a savings account in Olympia, Washington
To find the best savings APYs in Olympia, Washington, start with credit unions and online-only banks: Olympia, Washington 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 WA high-yield savings average is 1.973% 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 3–6 months of expenses in a liquid, FDIC-insured account. Olympia, Washington 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 Olympia, Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 13 institutions in Olympia, Washington report savings rates to our database.
- You’re among Olympia, Washington’s 19.7% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 → Olympia, Washington CD rates
- You want check-writing flexibility → Olympia, Washington money market rates
- You need daily transaction access → Olympia, Washington checking rates
Olympia, Washington Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
19.7% of residents are 65 or older, in line with the national average of 17.3%; an unemployment rate of 7.2% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s WA high-yield savings average of 1.973%, saving 10% of the local median salary ($4,648/year) would earn an additional $92 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Olympia, Washington Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Olympia, Washington.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WA 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 Olympia, Washington 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 Olympia, Washington
At WA’s top rate of 5.00% from 1st Security Bank of Washington, 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 Olympia, Washington earner is roughly $11,600. At 1.973% APY, saving $970/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 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 Olympia, Washington earner makes $46,487/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 Olympia, 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 Olympia, 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 Olympia, 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 Olympia, Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Olympia, Washington safe?
How often do savings rates change in Olympia, 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 Olympia, Washington?
How do I open a savings account in Olympia, Washington?
Best Savings Rates in Olympia, Washington
- 1st Security Bank of Washington
Business Optimum Savings: 5.00% APY - Sound Credit Union
High-Yield Business Savings: 2.85% APY - WCLA Credit Union
TIERED-RATE SHARE ACCOUNTS: 2.75% APY - EvergreenDIRECT Credit Union
Kasasa Saver Savings: 1.00% APY - Our Community Credit Union
IRA Savings: 0.50% APY
Olympia, Washington Rates & Resources
