Best Local Bank Savings and Money Market Rates in Hueytown, Alabama, AL June 16, 2025

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If you have your savings dollars in a big bank or a bank with low savings rates, then you are losing money. We've found FDIC insured banks that will pay you more. Take a few minutes to explore the options below and see how you can boost your savings by more than 6X the national average rate. There is competition for your money. Take advantage of it!

Hueytown, AL - June 16, 2025

Savings Account National Average Rate: 0.45% ^?

Banks	APY	MIN
First Us Bank 131 Main Street Branch	5.12%	$1	Learn More Add Review
Truist Bank Luverne Branch	3.66% 0.01%	$0 $1	Learn More
Rate History: 4.00% → 3.65% → 3.66%
Customer \| Jul 28, 2022 Not at all happy with Truist compared to BB+T. New transaction policy makes them painfully slow. Paying .01 % interest on money market accounts, 13 week T Bill's are around $2.5%.I hope that they are enj... Read More Reviews (6)
Regions Bank Arab 1199 Brindlee Mountain Pkwy Bra Branch	3.50% 1.50%	$10,000 $0	Learn More Add Review
Woodforest National Bank 8049 Birmingham Branch	3.25% 2.25% 1.75% 1.25% 0.35%	$500,000 $250,000 $100,000 $1 $0	Learn More
Rate History: 4.00% → 3.75% → 3.50% → 3.25%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Hancock Whitney Bank Main Stret - Prattville Branch	3.00% 2.50%	$25,000 $0	Learn More
MLB \| Aug 29, 2019 Since Hancock Bank merged with Whitney Bank, it’s no longer the local bank it once was. Fees, gotcha gimmicks, underhanded surprises... It’s nothing more than another big, ugly, corporate bank looking ... Read More Reviews (1)
Bank Independent Moulton Branch	2.51%	$1	Learn More Add Review
Rate History: 3.01% → 2.01% → 2.51%
Capital One, National Association	2.50%	$1	Learn More
highstream \| Jan 2, 2024 Like others, I've been with Capital One and its predecessor ING Direct since 2007. I've also been getting cheap bank rates on my savings account and didn't realize that there was something better, although... Read More Reviews (16)
Valley National Bank Alexander Aliant Branch	1.65%	$10,000	Learn More
Rate History: 1.75% → 0.70% → 1.75% → 1.65%
SadSack \| Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More Reviews (2)
Wells Fargo Bank, National Association Downtown Branch	1.01% 0.01%	$100,000 $1	Learn More
Rate History: 1.01% → 1.02% → 1.01%
Thy King \| Feb 6, 2023 after over 100k in transactions through this bank in the course of a year not only did i suffer from fraud but this bank closed my accounts and i have been lliable for all the losses and to top it off with... Read More Reviews (7)
Union State Bank Union State Bank Branch	1.00%	$20,000	Learn More Add Review
Bank Of Frankewing Hazel Green Branch	1.00% 0.90% 0.80% 0.70% 0.65% 0.25%	$250,000 $100,000 $50,000 $25,000 $10,000 $2,500	Learn More Add Review
Rate History: 0.60% → 1.00%
Southern Independent Bank Southern Independent Bank Branch	0.70%	$2,500	Learn More
Terrible on line account information. Doesn't work on the weekends and neither do they \| Jul 27, 2020 If you don't mind the web site for your account on the week ends being down. This is the bank for you. When you have a problem you have to wait one to two days for someone in charge to call you back after ... Read More Reviews (1)
First Jackson Bank, Inc. First Jackson Bank, Inc. Branch	0.60%	$2,500	Learn More Add Review
Union State Bank Union State Bank Branch	0.50%	$0	Learn More Add Review
The Farmers & Merchants Bank The Farmers & Merchants Bank Branch	0.50%	$2,500	Learn More Add Review
Brantley Bank And Trust Company Brantley Bank And Trust Company Branch	0.50%	$2,500	Learn More Add Review
Southern Independent Bank Southern Independent Bank Branch	0.50%	$2,500	Learn More
Terrible on line account information. Doesn't work on the weekends and neither do they \| Jul 27, 2020 If you don't mind the web site for your account on the week ends being down. This is the bank for you. When you have a problem you have to wait one to two days for someone in charge to call you back after ... Read More Reviews (1)
The Citizens Bank The Citizens Bank Branch	0.50%	$25,000	Learn More Add Review
Servisfirst Bank Servisfirst Bank Branch	0.40%	$2,500	Learn More Add Review
Valley National Bank Alexander Aliant Branch	0.40%	$10,000	Learn More
Rate History: 0.75% → 0.65% → 1.75% → 0.50% → 0.40%
SadSack \| Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More Reviews (2)
Woodforest National Bank 8049 Birmingham Branch	0.40% 0.25%	$10,000 $0	Learn More
Rate History: 1.00% → 0.50% → 0.40%
Jabbroadway42 \| Nov 17, 2020 Is notarie services available today at a woodforest on wilkinson blvd Read More Reviews (2)
Firststate Bank Firststate Bank Branch	0.35%	$1	Learn More Add Review
Peoplestrust Bank Hackleburg Branch	0.35%	$25,000	Learn More Add Review
Firstbank Huntsville Branch	0.35%	$10,000	Learn More Add Review
Liberty Bank And Trust Company Tuskegee Branch	0.35%	$2,500	Learn More Add Review
Peoplestrust Bank Hackleburg Branch	0.34%	$2,500	Learn More Add Review
Auburnbank Auburnbank Branch	0.31%	$25,000	Learn More Add Review
Citizens Bank & Trust, Inc. Sand Mountain Branch	0.30%	$2,500	Learn More Add Review
West Alabama Bank & Trust Aliceville Branch	0.30%	$25,000	Learn More
Gavin Howard \| Mar 4, 2023 OMB controller currency CFPB mortgage loans originator regulation G 3170-0005 requested full disclosure Read More Reviews (1)
First Southern State Bank First Southern State Bank Branch	0.30%	$25,000	Learn More Add Review
Peoplestrust Bank Hackleburg Branch	0.30%	$10,000	Learn More Add Review
Ccb Community Bank Ccb Community Bank Branch	0.30%	$10,000	Learn More Add Review
The Hometown Bank Of Alabama The Hometown Bank Of Alabama Branch	0.30%	$2,500	Learn More
OldCrone \| Mar 16, 2023 The branch manager is unavailable and doesnt care what goes on as long as he is not bothered. The tellers are rude and referr to customers who ask for help as " special needs customers". Read More Reviews (1)
Troy Bank & Trust Company Troy Bank & Trust Company Branch	0.26%	$25,000	Learn More Add Review
Peoples Independent Bank Horizon Bank Branch	0.25%	$2,500	Learn More
$Theta88008 \| Feb 9, 2024 Last week we called the People's Independent main branch to gain an understanding of the institution, a normal procedure for any family. We do not live in Boaz, AL, so we thought we could have our question... Read More Reviews (1)
Hnb First Bank Hnb First Bank Branch	0.25%	$2,500	Learn More Add Review
First Citizens Bank First Citizens Bank Branch	0.25%	$2,500	Learn More Add Review
Peoples Exchange Bank Peoples Exchange Bank Branch	0.25%	$2,500	Learn More Add Review
The Farmers & Merchants Bank The Farmers & Merchants Bank Branch	0.25%	$2,500	Learn More Add Review
The Citizens Bank The Citizens Bank Branch	0.25%	$2,500	Learn More Add Review
Citizens Bank & Trust, Inc. Sand Mountain Branch	0.25%	$100	Learn More Add Review
First Federal Bank, A Fsb First Federal Bank, A Fsb Branch	0.25%	$1,001	Learn More Add Review
Brantley Bank And Trust Company Brantley Bank And Trust Company Branch	0.25%	$2,500	Learn More Add Review
West Alabama Bank & Trust Aliceville Branch	0.25%	$10,000	Learn More
Gavin Howard \| Mar 4, 2023 OMB controller currency CFPB mortgage loans originator regulation G 3170-0005 requested full disclosure Read More Reviews (1)
First State Bank Of Dekalb County First State Bank Of Dekalb County Branch	0.25%	$2,500	Learn More Add Review
Farmers And Merchants Bank Farmers And Merchants Bank Branch	0.25%	$100	Learn More Add Review
Metro Bank Metro Bank Branch	0.25%	$2,500	Learn More Add Review
Peoplestrust Bank Hackleburg Branch	0.25%	$2,500	Learn More Add Review
Noblebank & Trust Noblebank & Trust Branch	0.25%	$15,000	Learn More
kdm0030 \| Jan 13, 2023 Disappointed! Wellsfargo is not great but better than Noble. Read More Reviews (1)
Ccb Community Bank Ccb Community Bank Branch	0.25%	$2,500	Learn More Add Review
Midsouth Bank Eufaula Branch	0.25%	$25,000	Learn More
Chadpatt \| Jun 14, 2021 I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They t... Read More Reviews (1)
First Bank Of Boaz First Bank Of Boaz Branch	0.25%	$10,000	Learn More Add Review
Liberty Bank Collinsville Branch	0.22%	$2,500	Learn More Add Review
Auburnbank Auburnbank Branch	0.21%	$2,500	Learn More Add Review
First Community Bank Of Cullman First Community Bank Of Cullman Branch	0.20%	$2,500	Learn More Add Review
Oakworth Capital Bank Oakworth Capital Bank Branch	0.20%	$10,000	Learn More Add Review
Cb&s Bank, Inc. Phil Campbell Branch	0.20%	$2,500	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
First Federal Bank, A Fsb First Federal Bank, A Fsb Branch	0.20%	$1,001	Learn More Add Review
Auburnbank Auburnbank Branch	0.20%	$1	Learn More Add Review
First Jackson Bank, Inc. First Jackson Bank, Inc. Branch	0.20%	$2,500	Learn More Add Review
First Community Bank Of Central Alabama First Community Bank Of Central Alab Branch	0.20%	$25,000	Learn More Add Review
Sweet Water State Bank Sweet Water State Bank Branch	0.20%	$10,000	Learn More Add Review
West Alabama Bank & Trust Aliceville Branch	0.20%	$2,000	Learn More
Gavin Howard \| Mar 4, 2023 OMB controller currency CFPB mortgage loans originator regulation G 3170-0005 requested full disclosure Read More Reviews (1)
The First National Bank Of Hartford The First National Bank Of Hartford Branch	0.20%	$2,500	Learn More Add Review
First Southern State Bank First Southern State Bank Branch	0.20%	$2,500	Learn More Add Review
Peoplessouth Bank Peoples Community Columbia Branch	0.20%	$25,000	Learn More Add Review
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	0.20%	$25,000	Learn More Add Review
Peoples Bank Of Alabama Peoples Bank Of Alabama Branch	0.20%	$25,000	Learn More Add Review
Midsouth Bank Eufaula Branch	0.20%	$10,000	Learn More
Chadpatt \| Jun 14, 2021 I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They t... Read More Reviews (1)
22nd State Bank First Exchange Bank Of Alabama Branch	0.20%	$2,500	Learn More Add Review
Servisfirst Bank Servisfirst Bank Branch	0.20%	$2,500	Learn More Add Review
First State Bank Of The South, Inc. First State Bank Of The South, Inc. Branch	0.20%	$2,500	Learn More Add Review
First National Bank In Frankfort	0.20%	$0	Learn More Add Review
First Bank Of Alabama The First Bank Of Alabama Branch	0.18%	$2,500	Learn More Add Review
Troy Bank & Trust Company Troy Bank & Trust Company Branch	0.16%	$10,000	Learn More Add Review
Pinnacle Bank Pinnacle Bank Branch	0.15%	$10,000	Learn More Add Review
Metro Bank Metro Bank Branch	0.15%	$2,500	Learn More Add Review
First Citizens Bank First Citizens Bank Branch	0.15%	$2,500	Learn More Add Review
Liberty Bank And Trust Company Tuskegee Branch	0.15%	$2,500	Learn More Add Review
Alamerica Bank Alamerica Bank Branch	0.15%	$2,500	Learn More Add Review
Midsouth Bank Eufaula Branch	0.15%	$2,500	Learn More
Chadpatt \| Jun 14, 2021 I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They t... Read More Reviews (1)
First Federal Bank, A Fsb First Federal Bank, A Fsb Branch	0.15%	$1	Learn More Add Review
Millennial Bank Covenant Bank Branch	0.15%	$10,000	Learn More Add Review
Hnb First Bank Hnb First Bank Branch	0.15%	$2,500	Learn More Add Review
Citizens Bank & Trust Citizens Bank & Trust Branch	0.15%	$2,500	Learn More Add Review
First Southern Bank First Southern Bank Branch	0.15%	$2,500	Learn More Add Review
The Samson Banking Company, Inc. The Samson Banking Company, Inc. Branch	0.15%	$2,500	Learn More Add Review
Community Bank And Trust - Alabama Community Bank And Trust - Alabama Branch	0.15%	$10,000	Learn More Add Review
Sweet Water State Bank Sweet Water State Bank Branch	0.15%	$2,500	Learn More Add Review
Peoplessouth Bank Peoples Community Columbia Branch	0.15%	$2,500	Learn More Add Review
Armed Forces Bank, National Association Rucker Branch	0.15%	$25,000	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Noblebank & Trust Noblebank & Trust Branch	0.15%	$25,000	Learn More
kdm0030 \| Jan 13, 2023 Disappointed! Wellsfargo is not great but better than Noble. Read More Reviews (1)
Southpoint Bank Southpoint Bank Branch	0.15%	$25,000	Learn More Add Review
Robertson Banking Company Robertson Banking Company Branch	0.15%	$2,500	Learn More Add Review
Peoples Bank Of Alabama Peoples Bank Of Alabama Branch	0.15%	$10,000	Learn More Add Review
Ccb Community Bank Ccb Community Bank Branch	0.15%	$200	Learn More Add Review
First Cahawba Bank First Cahawba Bank Branch	0.15%	$2,500	Learn More Add Review
Bryant Bank Bryant Bank Branch	0.15%	$25,000	Learn More Add Review
First Bank Of Alabama The First Bank Of Alabama Branch	0.13%	$10,000	Learn More Add Review
Southern States Bank Sylacauga Branch	0.13%	$25,000	Learn More Add Review
Cullman Savings Bank Cullman Savings Bank Branch	0.13%	$2,500	Learn More Add Review
The Southern Bank Company The Southern Bank Company Branch	0.12%	$2,500	Learn More Add Review
Troy Bank & Trust Company Troy Bank & Trust Company Branch	0.11%	$2,500	Learn More Add Review
First National Bank Of Pulaski Huntsville Branch	0.10%	$2,500	Learn More
Tim, In Pulaski TN \| Aug 10, 2022 1st National Bank of Tennessee is not, in my opinion, a mobile friendly bank. Be aware that they do not have a 1-800 number on their cards. So, if it happens to be a weekend and you're out of town trying... Read More Reviews (1)
First Progressive Bank First Progressive Bank Branch	0.10%	$2,500	Learn More Add Review
First Fidelity Bank First Fidelity Bank Branch	0.10%	$2,500	Learn More Add Review
Millennial Bank Covenant Bank Branch	0.10%	$2,500	Learn More Add Review
Centennial Bank Gulf Shores Branch	0.10%	$2,500	Learn More
Asj \| Nov 15, 2020 Do they? Read More Reviews (1)
Pinnacle Bank Pinnacle Bank Branch	0.10%	$2,500	Learn More Add Review
Southpoint Bank Southpoint Bank Branch	0.10%	$2,500	Learn More Add Review
Peoples Exchange Bank Peoples Exchange Bank Branch	0.10%	$2,500	Learn More Add Review
Amerifirst Bank Amerifirst Bank Branch	0.10%	$10,000	Learn More Add Review
First Southern State Bank First Southern State Bank Branch	0.10%	$2,500	Learn More Add Review
Merchants & Marine Bank Gulf Shores Branch	0.10%	$2,500	Learn More Add Review
First Bank Of Alabama The First Bank Of Alabama Branch	0.10%	$2,500	Learn More Add Review
Community Bank And Trust - Alabama Community Bank And Trust - Alabama Branch	0.10%	$2,500	Learn More Add Review
Central State Bank Central State Bank Branch	0.10%	$2,500	Learn More
Bob Kuehner \| Apr 23, 2020 If you're not with Central State Bank and you're in business... why the heck not? I've been with CSB since 2007. In that time they've provided top tier service and a down home feel. My most recent exper... Read More Reviews (1)
Peoples Bank Of Alabama Peoples Bank Of Alabama Branch	0.10%	$2,500	Learn More Add Review
Firstbank Huntsville Branch	0.10%	$25,000	Learn More Add Review
The Exchange Bank Of Alabama Attalla Branch	0.10%	$2,500	Learn More Add Review
Smartbank Tuscaloosa Branch	0.10%	$1	Learn More Add Review
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	0.10%	$10,000	Learn More Add Review
Noblebank & Trust Noblebank & Trust Branch	0.10%	$2,500	Learn More
kdm0030 \| Jan 13, 2023 Disappointed! Wellsfargo is not great but better than Noble. Read More Reviews (1)
Bankfirst Financial Services Tuscaloosa County Branch	0.10%	$25,000	Learn More Add Review
Citizens Trust Bank Third Avenue Branch	0.10%	$2,500	Learn More Add Review
Robertson Banking Company Robertson Banking Company Branch	0.10%	$2,500	Learn More Add Review
Southern States Bank Sylacauga Branch	0.10%	$2,500	Learn More Add Review
First Community Bank Of Central Alabama First Community Bank Of Central Alab Branch	0.10%	$10,000	Learn More Add Review
The First National Bank And Trust The First National Bank And Trust Branch	0.10%	$2,500	Learn More Add Review
Ameris Bank Dothan Branch	0.10%	$25,000	Learn More
COLETTE B \| May 30, 2022 I HAVE TO AGREE WITH THE OTHER REVIEWERS. THIS BANK HAS THE WORST CUSTOMER SERVICE OF ALL TIME. I HAD NO CHOICE BUT TO GO HERE... IF THERE'S ANY WAY YOU CAN AVOID, IT IS HIGHLY RECOMMENDED. LET ME GIVE ... Read More Reviews (4)
Armed Forces Bank, National Association Rucker Branch	0.10%	$2,500	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
The Commercial Bank Of Ozark The Commercial Bank Of Ozark Branch	0.10%	$2,500	Learn More Add Review
Synovus Bank Dora Branch	0.10%	$25,000	Learn More
deb \| Jun 11, 2015 Synovus no longer offers this rate as of 5/8/2015---I called and asked Read More Reviews (1)
Cb&s Bank, Inc. Phil Campbell Branch	0.10%	$2,500	Learn More
Terry \| Jun 7, 2018 Fabulous bank Read More Reviews (1)
The First National Bank Of Hartford The First National Bank Of Hartford Branch	0.10%	$2,500	Learn More Add Review
First Cahawba Bank First Cahawba Bank Branch	0.10%	$2,500	Learn More Add Review
Bank Of Brewton Bank Of Brewton Branch	0.10%	$2,500	Learn More Add Review
22nd State Bank First Exchange Bank Of Alabama Branch	0.10%	$2,500	Learn More Add Review
Oakworth Capital Bank Oakworth Capital Bank Branch	0.10%	$2,500	Learn More Add Review
Century Bank Mobile County Bank Branch	0.10%	$2,500	Learn More Add Review
The Samson Banking Company, Inc. The Samson Banking Company, Inc. Branch	0.10%	$2,500	Learn More Add Review
Bryant Bank Bryant Bank Branch	0.10%	$2,500	Learn More Add Review
Midsouth Bank Eufaula Branch	0.10%	$2,500	Learn More
Chadpatt \| Jun 14, 2021 I have banked with Midsouth for 4 years. I deposited a check that was for $6,000. I explained at the time of the deposit that I needed the mo ur available for my sons surgery that was in a few days. They t... Read More Reviews (1)
First Bank Of Boaz First Bank Of Boaz Branch	0.10%	$2,500	Learn More Add Review
Southern States Bank Sylacauga Branch	0.08%	$10,000	Learn More Add Review
The First, A National Banking Association Airport Blvd Branch	0.08%	$10,000	Learn More Add Review
Merchants & Marine Bank Gulf Shores Branch	0.07%	$2,500	Learn More Add Review
The Southern Bank Company The Southern Bank Company Branch	0.07%	$2,500	Learn More Add Review
Commonwealth National Bank Commonwealth National Bank Branch	0.06%	$2,500	Learn More Add Review
Trustmark National Bank Banktrust Of Brewton/Branch	0.05%	$10,000	Learn More
trbf15 \| Nov 4, 2020 Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More Reviews (1)
Hancock Whitney Bank Main Stret - Prattville Branch	0.05%	$2,499	Learn More
MLB \| Aug 29, 2019 Since Hancock Bank merged with Whitney Bank, it’s no longer the local bank it once was. Fees, gotcha gimmicks, underhanded surprises... It’s nothing more than another big, ugly, corporate bank looking ... Read More Reviews (1)
Valley National Bank Alexander Aliant Branch	0.05%	$100	Learn More
Rate History: 0.60% → 0.40% → 0.30% → 0.15% → 0.05%
SadSack \| Dec 2, 2022 No such limits as referred to by Jonathan. Perfectly Happy with service and keep adjusting the rate! Read More Reviews (2)
Community Bank Of Mississippi Airport Boulevard Branch	0.05%	$2,500	Learn More Add Review
Citizens Bank & Trust Citizens Bank & Trust Branch	0.05%	$2,500	Learn More Add Review
The First National Bank And Trust The First National Bank And Trust Branch	0.05%	$2,500	Learn More Add Review
First National Bank Of Pulaski Huntsville Branch	0.05%	$2,500	Learn More
Tim, In Pulaski TN \| Aug 10, 2022 1st National Bank of Tennessee is not, in my opinion, a mobile friendly bank. Be aware that they do not have a 1-800 number on their cards. So, if it happens to be a weekend and you're out of town trying... Read More Reviews (1)
Centennial Bank Gulf Shores Branch	0.05%	$2,500	Learn More
Asj \| Nov 15, 2020 Do they? Read More Reviews (1)
First Community Bank Of Central Alabama First Community Bank Of Central Alab Branch	0.05%	$2,500	Learn More Add Review
West Alabama Bank & Trust Aliceville Branch	0.05%	$250	Learn More
Gavin Howard \| Mar 4, 2023 OMB controller currency CFPB mortgage loans originator regulation G 3170-0005 requested full disclosure Read More Reviews (1)
Community Bank And Trust - Alabama Community Bank And Trust - Alabama Branch	0.05%	$2,500	Learn More Add Review
Bank Of Brewton Bank Of Brewton Branch	0.05%	$2,500	Learn More Add Review
Firstbank Huntsville Branch	0.05%	$2,500	Learn More Add Review
Ameris Bank Dothan Branch	0.05%	$2,500	Learn More
COLETTE B \| May 30, 2022 I HAVE TO AGREE WITH THE OTHER REVIEWERS. THIS BANK HAS THE WORST CUSTOMER SERVICE OF ALL TIME. I HAD NO CHOICE BUT TO GO HERE... IF THERE'S ANY WAY YOU CAN AVOID, IT IS HIGHLY RECOMMENDED. LET ME GIVE ... Read More Reviews (4)
Community Spirit Bank Community Spirit Bank Branch	0.05%	$2,500	Learn More Add Review
Bankfirst Financial Services Tuscaloosa County Branch	0.05%	$2,500	Learn More Add Review
Citizens Trust Bank Third Avenue Branch	0.05%	$2,500	Learn More Add Review
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	0.05%	$2,000	Learn More Add Review
Southern States Bank Sylacauga Branch	0.05%	$2,500	Learn More Add Review
Amerifirst Bank Amerifirst Bank Branch	0.05%	$2,500	Learn More Add Review
The Commercial Bank Of Ozark The Commercial Bank Of Ozark Branch	0.05%	$2,500	Learn More Add Review
Friend Bank Friend Bank Branch	0.05%	$2,500	Learn More Add Review
The Citizens Bank The Citizens Bank Branch	0.05%	$2,500	Learn More Add Review
Commonwealth National Bank Commonwealth National Bank Branch	0.05%	$2,500	Learn More Add Review
Armed Forces Bank, National Association Rucker Branch	0.05%	$2,500	Learn More
BENNIE BROOKS \| Mar 25, 2015 OLIVER NORTH AIR LINES GOVERNOR BLANCO Read More Reviews (2)
Bryant Bank Bryant Bank Branch	0.05%	$2,500	Learn More Add Review
Trustmark National Bank Banktrust Of Brewton/Branch	0.03%	$2,500	Learn More
trbf15 \| Nov 4, 2020 Transfer cds to checking. Trustmark Madison ok, Not, 6 figures deposit lost for 6 days they say due to scanner error. Then when we go to branch office mgr. all huffy tht error upset because of their mist... Read More Reviews (1)
Renasant Bank Columbiana Branch	0.03%	$2,500	Learn More
rand \| Mar 25, 2019 CDs shown are not offered in Knoxville area Read More Reviews (1)
Community Spirit Bank Community Spirit Bank Branch	0.02%	$100	Learn More Add Review
Pnc Bank, National Association First Citizens Bank Branch	0.02%	$50,000	Learn More
Rate History: 1.00% → 0.05% → 0.02%
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
The First, A National Banking Association Airport Blvd Branch	0.02%	$2,500	Learn More Add Review
Pnc Bank, National Association First Citizens Bank Branch	0.01%	$2,500	Learn More
Rate History: 0.03% → 0.01%
GAM \| May 18, 2019 Had checking and savings for years when living in Philly. Went into PNC 2.35 APY high yield savings. They have thus far maintained rate. Easy web site and great customer phone service. Still maintain check... Read More Reviews (1)
Regions Bank Arab 1199 Brindlee Mountain Pkwy Bra Branch	0.01%	$0	Learn More Add Review
Synovus Bank Dora Branch	0.01%	$2,500	Learn More
deb \| Jun 11, 2015 Synovus no longer offers this rate as of 5/8/2015---I called and asked Read More Reviews (1)
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	0.01%	$50	Learn More Add Review

All rates listed are Annual Percentage Yield (APY). The APY rate in a savings account or money market account is a variable rate that is subject to change at any point. The Min listed is the minimum deposit account balance required to obtain the rate listed.

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Branches Info around Hueytown, AL - June 16, 2025

Branch	Street	City	State
First US Bank 131 Main Street Branch	131 Main Street	Grove Hill	AL
Truist Bank Luverne Branch	207 South Forest Avenue	Luverne	AL
Regions Bank Arab 1199 Brindlee Mountain Pkwy Bra Branch	1199 N. Brindlee Mountain Parkway	Arab	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
Hancock Whitney Bank Main Stret - Prattville Branch	124 West Main Street	Prattville	AL
Bank Independent Moulton Branch	15259 Court Street	Moulton	AL
Hancock Whitney Bank Main Stret - Prattville Branch	124 West Main Street	Prattville	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
Valley National Bank Alexander Aliant Branch	200 Aliant Parkway	Alexander City	AL
Regions Bank Arab 1199 Brindlee Mountain Pkwy Bra Branch	1199 N. Brindlee Mountain Parkway	Arab	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
Wells Fargo Bank, National Association Downtown Branch	15 Jefferson Street	Alexander City	AL
Union State Bank Union State Bank Branch	15 20th Street North	Pell City	AL
Bank of Frankewing Hazel Green Branch	14226 US 231/431 N	Hazel Green	AL
Bank of Frankewing Hazel Green Branch	14226 US 231/431 N	Hazel Green	AL
Bank of Frankewing Hazel Green Branch	14226 US 231/431 N	Hazel Green	AL
Southern Independent Bank Southern Independent Bank Branch	503 North Main Street	Opp	AL
Bank of Frankewing Hazel Green Branch	14226 US 231/431 N	Hazel Green	AL
Bank of Frankewing Hazel Green Branch	14226 US 231/431 N	Hazel Green	AL
First Jackson Bank, Inc. First Jackson Bank, Inc. Branch	43243 Us Highway 72	Stevenson	AL
Union State Bank Union State Bank Branch	15 20th Street North	Pell City	AL
The Farmers & Merchants Bank The Farmers & Merchants Bank Branch	320 Main St	Waterloo	AL
Brantley Bank and Trust Company Brantley Bank And Trust Company Branch	9402 North Main Street	Brantley	AL
Southern Independent Bank Southern Independent Bank Branch	503 North Main Street	Opp	AL
The Citizens Bank The Citizens Bank Branch	301 South Edwards Street	Enterprise	AL
ServisFirst Bank Servisfirst Bank Branch	2500 Woodcrest Place	Birmingham	AL
Valley National Bank Alexander Aliant Branch	200 Aliant Parkway	Alexander City	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
FirstState Bank Firststate Bank Branch	88730 Highway 9	Lineville	AL
PeoplesTrust Bank Hackleburg Branch	34888 U.S. Highway 43	Hackleburg	AL
FirstBank Huntsville Branch	720 Gallatin Street Sw, Suite 150	Huntsville	AL
Liberty Bank and Trust Company Tuskegee Branch	301 North Elm Street	Tuskegee	AL
PeoplesTrust Bank Hackleburg Branch	34888 U.S. Highway 43	Hackleburg	AL
AuburnBank Auburnbank Branch	100 North Gay Street	Auburn	AL
Citizens Bank & Trust, Inc. Sand Mountain Branch	29316 Alabama Highway 71	Higdon	AL
West Alabama Bank & Trust Aliceville Branch	4 3rd Avenue Northwest	Aliceville	AL
First Southern State Bank First Southern State Bank Branch	80 Bank Street	Stevenson	AL
PeoplesTrust Bank Hackleburg Branch	34888 U.S. Highway 43	Hackleburg	AL
CCB Community Bank Ccb Community Bank Branch	225 East Three Notch Street	Andalusia	AL
The Hometown Bank of Alabama The Hometown Bank Of Alabama Branch	2002 2nd Avenue, East	Oneonta	AL
Troy Bank & Trust Company Troy Bank & Trust Company Branch	1000 Highway 231 South	Troy	AL
Woodforest National Bank 8049 Birmingham Branch	1600 Mont Claire Road	Birmingham	AL
Peoples Independent Bank Horizon Bank Branch	1167 Main St	Fyffe	AL
HNB First Bank Hnb First Bank Branch	40 Main Street	Headland	AL
First Citizens Bank First Citizens Bank Branch	100 West Third Street	Luverne	AL
Peoples Exchange Bank Alabama Peoples Exchange Bank Branch	2013 Highway 21 Bypass	Monroeville	AL
The Farmers & Merchants Bank The Farmers & Merchants Bank Branch	320 Main St	Waterloo	AL
The Citizens Bank The Citizens Bank Branch	301 South Edwards Street	Enterprise	AL
Citizens Bank & Trust, Inc. Sand Mountain Branch	29316 Alabama Highway 71	Higdon	AL
First Federal Bank, A FSB First Federal Bank, A Fsb Branch	1300 Mcfarland Boulevard, N.E.	Tuscaloosa	AL
Brantley Bank and Trust Company Brantley Bank And Trust Company Branch	9402 North Main Street	Brantley	AL
West Alabama Bank & Trust Aliceville Branch	4 3rd Avenue Northwest	Aliceville	AL
First State Bank of DeKalb County First State Bank Of Dekalb County Branch	2407 Gault Avenue North	Fort Payne	AL
Farmers and Merchants Bank Farmers And Merchants Bank Branch	112 East Ladiga Street	Piedmont	AL
Metro Bank Metro Bank Branch	800 Martin Street South	Pell City	AL
PeoplesTrust Bank Hackleburg Branch	34888 U.S. Highway 43	Hackleburg	AL
NobleBank & Trust Noblebank & Trust Branch	1509 Quintard Avenue	Anniston	AL
CCB Community Bank Ccb Community Bank Branch	225 East Three Notch Street	Andalusia	AL
MidSouth Bank Eufaula Branch	230 South Eufaula Avenue	Eufaula	AL
First Bank of Boaz First Bank Of Boaz Branch	124 South Main Street	Boaz	AL
Bank of Frankewing Hazel Green Branch	14226 US 231/431 N	Hazel Green	AL
Liberty Bank Collinsville Branch	5350 Alabama Highway 68	Collinsville	AL
AuburnBank Auburnbank Branch	100 North Gay Street	Auburn	AL
First Community Bank of Cullman First Community Bank Of Cullman Branch	420 2nd Avenue, Sw	Cullman	AL
Oakworth Capital Bank Oakworth Capital Bank Branch	850 Shades Creek Parkway	Birmingham	AL
CB&S Bank, Inc. Phil Campbell Branch	3571 Broad Street	Phil Campbell	AL
First Federal Bank, A FSB First Federal Bank, A Fsb Branch	1300 Mcfarland Boulevard, N.E.	Tuscaloosa	AL
AuburnBank Auburnbank Branch	100 North Gay Street	Auburn	AL
First Jackson Bank, Inc. First Jackson Bank, Inc. Branch	43243 Us Highway 72	Stevenson	AL
First Community Bank of Central Alabama First Community Bank Of Central Alab Branch	715 Wilson Street	Wetumpka	AL
Sweet Water State Bank Sweet Water State Bank Branch	31385 Alabama Highway 10	Sweet Water	AL
West Alabama Bank & Trust Aliceville Branch	4 3rd Avenue Northwest	Aliceville	AL
The First National Bank of Hartford The First National Bank Of Hartford Branch	101 Third Avenue South	Hartford	AL
First Southern State Bank First Southern State Bank Branch	80 Bank Street	Stevenson	AL
PeoplesSouth Bank Peoples Community Columbia Branch	109 East Church Street	Columbia	AL
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	21980 Palmer Street	Robertsdale	AL
Peoples Bank of Alabama Peoples Bank Of Alabama Branch	1912 Cherokee Avenue, Sw	Cullman	AL
MidSouth Bank Eufaula Branch	230 South Eufaula Avenue	Eufaula	AL
22nd State Bank First Exchange Bank Of Alabama Branch	1920 Main Street	Louisville	AL
ServisFirst Bank Servisfirst Bank Branch	2500 Woodcrest Place	Birmingham	AL
First State Bank of the South, Inc. First State Bank Of The South, Inc. Branch	5856 Highway 278	Sulligent	AL
First Bank of Alabama The First Bank Of Alabama Branch	120 East North Street	Talladega	AL
Troy Bank & Trust Company Troy Bank & Trust Company Branch	1000 Highway 231 South	Troy	AL
Pinnacle Bank Pinnacle Bank Branch	1811 Second Avenue	Jasper	AL
Metro Bank Metro Bank Branch	800 Martin Street South	Pell City	AL
First Citizens Bank First Citizens Bank Branch	100 West Third Street	Luverne	AL
Liberty Bank and Trust Company Tuskegee Branch	301 North Elm Street	Tuskegee	AL
Alamerica Bank Alamerica Bank Branch	2170 Highland Avenue	Birmingham	AL
MidSouth Bank Eufaula Branch	230 South Eufaula Avenue	Eufaula	AL
First Federal Bank, A FSB First Federal Bank, A Fsb Branch	1300 Mcfarland Boulevard, N.E.	Tuscaloosa	AL
Millennial Bank Covenant Bank Branch	7924 Parkway Drive	Leeds	AL
HNB First Bank Hnb First Bank Branch	40 Main Street	Headland	AL
Citizens Bank & Trust Citizens Bank & Trust Branch	711 Gunter Avenue	Guntersville	AL
First Southern Bank First Southern Bank Branch	301 South Court Street	Florence	AL
The Samson Banking Company, Inc. The Samson Banking Company, Inc. Branch	2 West Main Street	Samson	AL
Bank47 Community Bank And Trust - Alabama Branch	202 North Powell Street	Union Springs	AL
Sweet Water State Bank Sweet Water State Bank Branch	31385 Alabama Highway 10	Sweet Water	AL
PeoplesSouth Bank Peoples Community Columbia Branch	109 East Church Street	Columbia	AL
Armed Forces Bank, National Association Rucker Branch	Building 9207	Fort Rucker	AL
NobleBank & Trust Noblebank & Trust Branch	1509 Quintard Avenue	Anniston	AL
SouthPoint Bank Southpoint Bank Branch	3501 Grandview Parkway	Birmingham	AL
Robertson Banking Company Robertson Banking Company Branch	216 North Walnut Avenue	Demopolis	AL
Peoples Bank of Alabama Peoples Bank Of Alabama Branch	1912 Cherokee Avenue, Sw	Cullman	AL
CCB Community Bank Ccb Community Bank Branch	225 East Three Notch Street	Andalusia	AL
First Cahawba Bank First Cahawba Bank Branch	2610 Citizens Parkway	Selma	AL
Bryant Bank Bryant Bank Branch	1550 Mcfarland Boulevard North	Tuscaloosa	AL
First Bank of Alabama The First Bank Of Alabama Branch	120 East North Street	Talladega	AL
Southern States Bank Sylacauga Branch	101 West Fort Williams Street	Sylacauga	AL
Cullman Savings Bank Cullman Savings Bank Branch	316 Second Avenue S.W.	Cullman	AL
The Southern Bank Company The Southern Bank Company Branch	221 S Sixth St	Gadsden	AL
Troy Bank & Trust Company Troy Bank & Trust Company Branch	1000 Highway 231 South	Troy	AL
First National Bank of Pulaski Huntsville Branch	2101 Clinton Ave., Suite 101	Huntsville	AL
First Progressive Bank First Progressive Bank Branch	St. Nichols Avenue And Sowell Street	Brewton	AL
First Fidelity Bank First Fidelity Bank Branch	1400 Gault Avenue North	Fort Payne	AL
Millennial Bank Covenant Bank Branch	7924 Parkway Drive	Leeds	AL
Centennial Bank Gulf Shores Branch	2201 West First Street	Gulf Shores	AL
Pinnacle Bank Pinnacle Bank Branch	1811 Second Avenue	Jasper	AL
SouthPoint Bank Southpoint Bank Branch	3501 Grandview Parkway	Birmingham	AL
Peoples Exchange Bank Alabama Peoples Exchange Bank Branch	2013 Highway 21 Bypass	Monroeville	AL
AmeriFirst Bank Amerifirst Bank Branch	104 Hardaway Avenue	Union Springs	AL
First Southern State Bank First Southern State Bank Branch	80 Bank Street	Stevenson	AL
Merchants & Marine Bank Gulf Shores Branch	1820 South Gulf Shores Parkway	Gulf Shores	AL
First Bank of Alabama The First Bank Of Alabama Branch	120 East North Street	Talladega	AL
Bank47 Community Bank And Trust - Alabama Branch	202 North Powell Street	Union Springs	AL
Central State Bank Central State Bank Branch	11025 Hwy 25	Calera	AL
Peoples Bank of Alabama Peoples Bank Of Alabama Branch	1912 Cherokee Avenue, Sw	Cullman	AL
FirstBank Huntsville Branch	720 Gallatin Street Sw, Suite 150	Huntsville	AL
The Exchange Bank of Alabama Attalla Branch	923 Attalla Boulevard	Attalla	AL
SmartBank Tuscaloosa Branch	2301 University Boulevard	Tuscaloosa	AL
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	21980 Palmer Street	Robertsdale	AL
NobleBank & Trust Noblebank & Trust Branch	1509 Quintard Avenue	Anniston	AL
BankFirst Financial Services Tuscaloosa County Branch	2205-C 7th Street	Tuscaloosa	AL
Citizens Trust Bank Third Avenue Branch	1700 Third Avenue North	Birmingham	AL
Robertson Banking Company Robertson Banking Company Branch	216 North Walnut Avenue	Demopolis	AL
Southern States Bank Sylacauga Branch	101 West Fort Williams Street	Sylacauga	AL
First Community Bank of Central Alabama First Community Bank Of Central Alab Branch	715 Wilson Street	Wetumpka	AL
The First National Bank and Trust The First National Bank And Trust Branch	111 South Main Street	Atmore	AL
Ameris Bank Dothan Branch	3299 Ross Clark Circle	Dothan	AL
Armed Forces Bank, National Association Rucker Branch	Building 9207	Fort Rucker	AL
The Commercial Bank Of Ozark The Commercial Bank Of Ozark Branch	208 South Merrick Avenue	Ozark	AL
Synovus Bank Dora Branch	2123 Highway 78	Dora	AL
CB&S Bank, Inc. Phil Campbell Branch	3571 Broad Street	Phil Campbell	AL
The First National Bank of Hartford The First National Bank Of Hartford Branch	101 Third Avenue South	Hartford	AL
First Cahawba Bank First Cahawba Bank Branch	2610 Citizens Parkway	Selma	AL
Bank of Brewton Bank Of Brewton Branch	102 Belleville Avenue	Brewton	AL
22nd State Bank First Exchange Bank Of Alabama Branch	1920 Main Street	Louisville	AL
Oakworth Capital Bank Oakworth Capital Bank Branch	850 Shades Creek Parkway	Birmingham	AL
Century Bank Mobile County Bank Branch	Union Church Road And Highway 90	Grand Bay	AL
The Samson Banking Company, Inc. The Samson Banking Company, Inc. Branch	2 West Main Street	Samson	AL
Bryant Bank Bryant Bank Branch	1550 Mcfarland Boulevard North	Tuscaloosa	AL
MidSouth Bank Eufaula Branch	230 South Eufaula Avenue	Eufaula	AL
First Bank of Boaz First Bank Of Boaz Branch	124 South Main Street	Boaz	AL
Southern States Bank Sylacauga Branch	101 West Fort Williams Street	Sylacauga	AL
The First Bank Airport Blvd Branch	6140 Airport Blvd	Mobile	AL
Merchants & Marine Bank Gulf Shores Branch	1820 South Gulf Shores Parkway	Gulf Shores	AL
The Southern Bank Company The Southern Bank Company Branch	221 S Sixth St	Gadsden	AL
Commonwealth National Bank Commonwealth National Bank Branch	2214 St. Stephens Road	Mobile	AL
Trustmark National Bank Banktrust Of Brewton/Branch	227 Belleville Avenue	Brewton	AL
Hancock Whitney Bank Main Stret - Prattville Branch	124 West Main Street	Prattville	AL
Valley National Bank Alexander Aliant Branch	200 Aliant Parkway	Alexander City	AL
Community Bank of Mississippi Airport Boulevard Branch	6587 Airport Boulevard	Mobile	AL
Citizens Bank & Trust Citizens Bank & Trust Branch	711 Gunter Avenue	Guntersville	AL
The First National Bank and Trust The First National Bank And Trust Branch	111 South Main Street	Atmore	AL
First National Bank of Pulaski Huntsville Branch	2101 Clinton Ave., Suite 101	Huntsville	AL
Centennial Bank Gulf Shores Branch	2201 West First Street	Gulf Shores	AL
First Community Bank of Central Alabama First Community Bank Of Central Alab Branch	715 Wilson Street	Wetumpka	AL
West Alabama Bank & Trust Aliceville Branch	4 3rd Avenue Northwest	Aliceville	AL
Bank47 Community Bank And Trust - Alabama Branch	202 North Powell Street	Union Springs	AL
Bank of Brewton Bank Of Brewton Branch	102 Belleville Avenue	Brewton	AL
FirstBank Huntsville Branch	720 Gallatin Street Sw, Suite 150	Huntsville	AL
Ameris Bank Dothan Branch	3299 Ross Clark Circle	Dothan	AL
Community Spirit Bank Community Spirit Bank Branch	200 4th Avenue Sw	Red Bay	AL
BankFirst Financial Services Tuscaloosa County Branch	2205-C 7th Street	Tuscaloosa	AL
Citizens Trust Bank Third Avenue Branch	1700 Third Avenue North	Birmingham	AL
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	21980 Palmer Street	Robertsdale	AL
Southern States Bank Sylacauga Branch	101 West Fort Williams Street	Sylacauga	AL
AmeriFirst Bank Amerifirst Bank Branch	104 Hardaway Avenue	Union Springs	AL
The Commercial Bank Of Ozark The Commercial Bank Of Ozark Branch	208 South Merrick Avenue	Ozark	AL
Friend Bank Friend Bank Branch	220 E. Lawrence Harris Hwy	Slocomb	AL
The Citizens Bank The Citizens Bank Branch	301 South Edwards Street	Enterprise	AL
Commonwealth National Bank Commonwealth National Bank Branch	2214 St. Stephens Road	Mobile	AL
Armed Forces Bank, National Association Rucker Branch	Building 9207	Fort Rucker	AL
Bryant Bank Bryant Bank Branch	1550 Mcfarland Boulevard North	Tuscaloosa	AL
Trustmark National Bank Banktrust Of Brewton/Branch	227 Belleville Avenue	Brewton	AL
Renasant Bank Columbiana Branch	106 E College St	Columbiana	AL
Community Spirit Bank Community Spirit Bank Branch	200 4th Avenue Sw	Red Bay	AL
PNC Bank, National Association First Citizens Bank Branch	409 East Battle Street	Talladega	AL
The First Bank Airport Blvd Branch	6140 Airport Blvd	Mobile	AL
Wells Fargo Bank, National Association Downtown Branch	15 Jefferson Street	Alexander City	AL
PNC Bank, National Association First Citizens Bank Branch	409 East Battle Street	Talladega	AL
Regions Bank Arab 1199 Brindlee Mountain Pkwy Bra Branch	1199 N. Brindlee Mountain Parkway	Arab	AL
Truist Bank Luverne Branch	207 South Forest Avenue	Luverne	AL
Synovus Bank Dora Branch	2123 Highway 78	Dora	AL
Citizens' Bank, Inc. Citizens' Bank, Inc. Branch	21980 Palmer Street	Robertsdale	AL

BestCashCow strives to maintain the most accurate rates. If you believe a rate is not accurate, please let us know.

FREQUENTLY ASKED QUESTIONS ABOUT LOCAL SAVINGS RATES

Why do savings rates vary so much?

Even though rates are at levels that are historically very low, there is competition for your money. Like any active marketplace, there are buyers and sellers of goods and services at different prices. Banks have different cost structures and they also have different needs for capital. This leads to different rates.

BestCashCow’s surveys show that online banks offer higher savings and CD rates because they have lower expenses from not having to maintain brick-and-mortar locations. Therefore, we strongly recommend that all depositors consider the rates at online banks as savings and money market accounts online can easy be set up to enable quick transfers to your favorite local bank.

What is the difference between a savings account and a money market account?

The differences between a savings account and a money market account are largely arcane. Some money market accounts offer more ways access deposits by issuing checks and debit cards, but prudent consumers will compare the two interchangeably, focusing primarily on rates and service among FDIC-insured banks (or NCUA-insured, for credit unions). Most savvy consumers who plan their expenses and financial needs ahead find the additional functionality offered by money markets to be of little value and will choose whichever account (savings or money market) has the higher rate.

What does annual percentage yield (APY) mean?

Savings rates are displayed in terms of APY to indicate the effective annual-interest return, including the compounding of interest, of the course of a single year. $100,000 deposited in a savings or CD account with a 1.20% APY will earn $1,200 in the course of the year, but monthly interest in the first few months may be less than $100 a month (this also depends on the number of days in the month). Hence, the APY rate is ordinarily a couple of basis points above the real interest rates. Unlike with a Certificate of Deposit, your actual APY in a savings may vary if the rate changes.

How do I choose the right savings account and should I consider CDs?

Begin your search with the table here on BestCashCow.com that you have found. In addition to checking online savings rates, you should also check local bank rates and local credit union rates. If you are unlikely to require access to your cash for some time, you may also consider certificates of deposit (CDs). While CDs have penalties for early withdrawal that may even eat into your principal, the rates on 2, 3, 4 and 5 year CDs are ordinarily significantly higher than savings rates. Several other sections and articles on BestCashCow can also help you to identify your proper cash allocation between savings and CDs. Access these below. You should also familiarize yourself with our Savings & CD Calculator in order to understand the importance of compounding interest at higher rates on your savings over time.

8 POINT CHECKLIST FOR A GREAT BANKING RELATIONSHIP WITH YOUR LOCAL BANK

Find a bank with a location convenient to you. Location counts.
Choose a bank with good rates. Rates are important to get continued growth of your capital.
Choose a bank with an extensive network of fee-free ATM machines or which reimburses out-of-network ATM fees, if you still need to regularly access cash.
Avoid fees. Choose a bank which doesn’t have service fees provided you maintain a certain balance, which doesn’t charge for ACH inbound and outbound transfers, and which has low fees for things like international wire transfers and bounced checks.
Choose a healthy bank. If you click on a bank above, you’ll be taken to the bank’s financial detail. A healthy bank has happy employees and provides loyal service to its customers. No matter how healthy your bank is, stay within FDIC insurance limits.
Find something of value to offset what may be slightly lower rates than online accounts offer. Develop personal relationship with your bankers. Personal relationships can help you to get appropriate financial advice, and to navigate financial challenges and needs in the future. (Be careful with the financial advice you receive. Inappropriate financial advice is worth a lot less than no financial advice.) They can also put you in touch with others in your community who could be valuable personally and professionally to know. If you don't use your local savings account as an opportunity to build these relationships, you may find that you are better of banking online.
Choose a bank that is going to let you access your cash when you need. The great benefit of savings accounts over any other financial product (including CDs) is that you have absolute liquidity. If your bank in creating impediments to accessing your cash (paperwork, fees, etc.), then you need another bank.
Be aware that you can have more than one account. Having a great local savings account at a large or small bank near you can be great, but it doesn't need to stop you from opening one or more online savings accounts, or even developing a relationship with another local bank or credit union.