Milwaukee, Wisconsin Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Milwaukee, Wisconsin savings account rates range from 0.03% to 10.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Milwaukee, Wisconsin and the surrounding area include CIT BankCIT Bank4661 S 27th St, Milwaukee, WI 53221A5.0 ★Texas Ratio: 7.72%Real return: +0.95%APY minus 2.8% CPI (February 2026) Platinum Savings >= at 3.75% APY, US BankUS Bank777 E Wisconsin Ave, Milwaukee, WI 53202A+5.0 ★Texas Ratio: 2.85%Real return: +0.70%APY minus 2.8% CPI (February 2026) Bank Smartly Savings Account at 3.50% APY, The Huntington National BankThe Huntington National Bank307 N 76th St, Milwaukee, WI 53213A+5.0 ★Texas Ratio: 3.66%Real return: +0.45%APY minus 2.8% CPI (February 2026) Relationship Savings Account - With Huntington Perks Checking at 3.25% APY, WaterStone BankWaterStone Bank6801 W Oklahoma Ave, Milwaukee, WI 53219A+5.0 ★Texas Ratio: 2.07%Real return: +0.20%APY minus 2.8% CPI (February 2026) Life Moments Savings at 3.00% APY, and North Shore BankNorth Shore Bank9131 W Oklahoma Ave, Milwaukee, WI 53227A+5.0 ★Texas Ratio: 0.50%Real return: +0.20%APY minus 2.8% CPI (February 2026) Premier Health Savings Account at 3.00% APY.
Milwaukee has 59 local institutions in our database, with savings rates as high as 3.75% APY from CIT Bank at 4661 S 27th St, Milwaukee, WI 53221. Use the table below to compare all available offers, including options from institutions serving the broader Wisconsin area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Milwaukee, Wisconsin and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Milwaukee, Wisconsin & Surrounding Communities
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Balance: $5,000.00 to $2,000,000.99
Balance: $5,000.00 to $2,000,000.99
Balance: Below $5,000.01
Balance: $100,000-249,999.99
Published APY range: 2.40%-4.00%; Published rate range: 2.40%-4.00%. Rates based on zip code and with a minimum of $5,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Savings Account when you maintain deposits of $5,000.00 - $2,000,000.99. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Balances below $2,500 may be subject to a $10.00 per month maintenance fee. Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Initial minimum opening deposit to earn the higher interest rate on the HRSA is $5,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
Balance: $25,000-99,999.99
Balance: All balances
Balance: $0-24,999.99
Minimum account balance to earn dividends; $25 set-up fee; Only open to Wisconsin, Illinois and Minnesota residents; Fiduciary and business accounts are not eligible
Individual Retirement Account (IRAs)
- Oct 9, 20260.60%▲ from 0.45%
- Sep 14, 20260.45%first recorded
Minimum account balance to earn dividends; IBEW members in Wisconsin and Michigan Only
Personal, Youth, Business, Organization; Savings & Checking section; dividend rate is variable and may change after account is opened
- Oct 9, 20260.50%▲ from 0.35%
- Sep 14, 20260.35%first recorded
Balance: $25,000.00 and over
Balance: $50,000.00 or more
Balance: $10,000.00 - $24,999.99
Balance: $25,000.00 - $49,999.99
Balance: $10,000 or more
- Oct 6, 20260.25%▼ from 3.75%
- Sep 24, 20263.75%first recorded
Balance: $2,500.00 - $9,999.99
Balance: $10,000.00 - $24,999.99
Balance: $0-4,999.99
Balance: $2,500 - $9,999
Simple
Simple
Balance: $1,000.00 - $2,499.99
Balance: $5,000.00 - $9,999.99
Balance: $5,000.00 and over. Annual Percentage Yields (APYs) are accurate as of 09/16/2024. APY for each tier is based on daily balance method: 3.00% APY on balances below $5,000.00, 0.15% APY on balances equal to or greater than $5,000.00 and requires $100.00 opening deposit. $5.00 minimum balance fee will be imposed monthly if the average daily balance for the statement cycle falls below $100.00. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. A statement cycle may be from the 17th (a calendar day) of a month to the 16th (a calendar day) of the next month. To determine your statement cycle please ask your Personal Banker at the time of account opening. Account must be open and active for 180 calendar days, or a $30.00 closing fee may be assessed at account closing. Fees may reduce earnings. See disclosure for details.
Balance: $5,000.00 or more
Balance: $5,000.00 or more
Balance: Less than $2,500
Dividends begin accruing on non-cash deposits (e.g. checks) on the business day of deposit; Membership required
Minimum account balance to earn dividends; Only open to Wisconsin, Illinois and Minnesota residents; Fiduciary and business accounts are not eligible
Minimum account balance to earn dividends; Only open to Wisconsin, Illinois and Minnesota residents; Fiduciary and business accounts are not eligible
APY up to 0.03%; Monthly Service Fees: $0; Free Withdrawals: 6 per Month; Membership eligibility required; Open Online
Balance: $300 - $4,999; Effective Date: August 19, 2026
Balance: $0.01 to $5,000
Qualifying balance up to $500
Balance: $25.00 - $2,500.00; Dividend Paid: Quarterly
Balance: $100.00 and over; Additional deposits up to $8,000; Minimum additional deposit $100; Matures on teen's 18th birthday; Withdrawal before maturity incurs penalty of all dividends earned
Balance: $0 - $1,000; Qualifying balance up to $1,000.00; Dividends Paid: Monthly
Balance: $0-$500; Compounds monthly; Maximum of one SavingsPlus account per membership share; variable rate account
Balance: $100.00 and over; Additional deposits up to $5,000; Minimum additional deposit $100; Matures on child's 13th birthday; Withdrawal before maturity incurs penalty of all dividends earned
Balance: $200,000.00+
Balance: $0.00 - $100,000.00; Rate applies if qualifications are met
Monthly fee: Free
- Oct 13, 20263.79%▲ from 3.75%
- Oct 5, 20263.75%▼ from 3.79%
- Oct 2, 20263.79%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Balance: $0 - $15,000; Qualifying balance up to $15,000.00; Dividends Paid: Monthly
- Oct 5, 20263.66%▲ from 3.56%
- Sep 18, 20263.56%first recorded
Balance: $100,000-$250,000; Featured rate
- Oct 5, 20263.60%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Balance: $500,000+
Balance: $1,000,000+; Minimum balance $20,000 to earn stated rate; Rate may change after account is opened
- Oct 13, 20263.40%▲ from 1.85%
- Sep 14, 20261.85%first recorded
Balance: >$100,000.00; Premier Account Rates - Personal Accounts Only; Must open a Premier Checking and maintain a minimum average balance of $5,000.00 to receive this rate; Dividends compounded: Monthly
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.
Milwaukee, WI Savings Rate Trends
Compare local Milwaukee, WI 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.
Wisconsin high-yield savings rates rose 0.046 points over the past 7 days to 1.624% APY, up from 1.578%.
Wisconsin standard savings rates rose 0.032 points over the past 7 days to 0.317% APY, up from 0.285%.
Milwaukee, Wisconsin Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current WI 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 WI high-yield savings average of 1.624% 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 Milwaukee, Wisconsin.
Savings Account Earnings in Milwaukee, Wisconsin
Annual interest earnings at current WI average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.624% APY) | Monthly Earnings | Standard Savings (0.317% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $81.21 / year | $6.77 | $15.87 / year | $1.32 |
| $10,000 | $162.41 / year | $13.53 | $31.73 / year | $2.64 |
| $25,000 | $406.03 / year | $33.84 | $79.33 / year | $6.61 |
| $50,000 | $812.05 / year | $67.67 | $158.65 / year | $13.22 |
| 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: Milwaukee, Wisconsin savings rate averages as of October 13, 2026. | ||||
About Our Milwaukee, Wisconsin Savings Rate Database
MonitorBankRates found 19 institutions with branches in Milwaukee (9 banks, 10 credit unions), plus 12 additional state-chartered and national online institutions available to Milwaukee 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: CIT Bank offers a savings account at 3.75% APY with a minimum deposit of $100. Use the rate table above to compare all current offers in Milwaukee, Wisconsin.
How to Find the Best Savings Rates in Milwaukee, Wisconsin
What to compare when shopping for a savings account in Milwaukee, Wisconsin
To find the best savings APYs in Milwaukee, Wisconsin, start with credit unions and online-only banks: Milwaukee, Wisconsin has 22 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 WI high-yield savings average is 1.624% but top local institutions are offering as high as 3.75%, 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. Milwaukee, Wisconsin high-yield savings rates currently average 1.624% 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 Milwaukee, Wisconsin institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 31 institutions in Milwaukee, Wisconsin 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 Milwaukee, Wisconsin CD rates
- You want check-writing flexibility Milwaukee, Wisconsin money market rates
- You need daily transaction access Milwaukee, Wisconsin checking rates
Milwaukee, Wisconsin Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
12.0% of residents are 65 or older, below the national average of 17.3%. At today’s WI high-yield savings average of 1.624%, saving 10% of the local median salary ($3,657/year) would earn an additional $59 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Milwaukee, Wisconsin Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Milwaukee, Wisconsin.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WI Avg APY | 1.624% | 0.317% | 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 Milwaukee, Wisconsin 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 Milwaukee, Wisconsin
At WI’s top rate of 3.75% from CIT Bank, a $10,000 deposit earns $375 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Milwaukee, Wisconsin earner is roughly $9,100. At 1.624% APY, saving $760/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsWisconsin’s high-yield savings average is 1.624% 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 Milwaukee, Wisconsin earner makes $36,574/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.624% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.624% APY grows to roughly $34,504 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 Milwaukee, Wisconsin 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 Milwaukee, Wisconsin 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 Milwaukee, Wisconsin. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in WI.
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 Milwaukee, Wisconsin
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Milwaukee, Wisconsin safe?
How often do savings rates change in Milwaukee, Wisconsin?
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 Milwaukee, Wisconsin?
How do I open a savings account in Milwaukee, Wisconsin?
Best Savings Rates in Milwaukee, Wisconsin
- CIT Bank
Platinum Savings >=: 3.75% APY - US Bank
Bank Smartly Savings Account: 3.50% APY - The Huntington National Bank
Relationship Savings Account - With Huntington Perks Checking: 3.25% APY - WaterStone Bank
Life Moments Savings: 3.00% APY - North Shore Bank
Premier Health Savings Account: 3.00% APY
Milwaukee, Wisconsin Rates & Resources
