The best savings rates for Redmond, Washington and the surrounding area include 1st Security Bank of Washington1st Security Bank of Washington14808 Ne 24th St, Redmond, WA 98052A+5.0 ★Texas Ratio: 2.12% Business Optimum Savings at 5.00% APY, Meriwest Credit UnionMeriwest Credit Union1 Microsoft Way, Redmond, WA 98052A5.0 ★Texas Ratio: 9.41% Premier Savings for New Members at 4.50% APY, Sound Credit UnionSound Credit Union16424 NE 79th St, Redmond, WA 98052 4428A5.0 ★Texas Ratio: 10.49% High Yield Business Savings at 3.04% APY, Banner BankBanner Bank7950 164th Ave Ne, Redmond, WA 98052A+5.0 ★Texas Ratio: 1.69% High Yield Relationship Savings at 2.63% APY, and Wells FargoWells Fargo8502 160th Ave Ne, Redmond, WA 98052A5.0 ★Texas Ratio: 7.44% Platinum Savings at 0.05% APY. Savings rates as of March 25, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Redmond, 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 Redmond, Washington (WA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Redmond, Washington and the surrounding area. Last Updated and Verified: March 25, 2026
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
Must be opened at a branch; Qualifying balance up to $5,000.00
Qualifying balance up to $10,000.00
$100,000 and greater
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.
$50,000-$99,999.99
$0-$49,999.99
If relationship balance is below $25,000, Annual Percentage Yield (APY) is 0.25%.
Must be opened at a branch
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
Maximum Balance $1,200
Qualifying balance up to $500.00
Qualifying balance up to $500
Qualifying balance up to $2500.00
Qualifying balance up to $1,000.00
Qualifying balance up to $500.00
Qualifying balance up to $1,000.00
One Per Member (Primary RS Savings only) for 5%
Qualifying balance up to $500.00; Learn More
Full Balance
Qualifying balance up to $1,000.00
Qualifying balance up to $25,000.00
Qualifying balance up to $50,000
Qualifying balance up to $499.99
Qualifying balance up to $25,000.00
RELATIONSHIP
Any balance below $250,000.01
Compare local Redmond, 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 0.694 points this week to 0.766% APY, down from 1.460% last week.
Washington standard savings rates currently average 0.560% APY based on data from institutions in our monitoring network.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Redmond, 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 Redmond, 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.