You are viewing savings rates across Ohio

Ohio Savings Rates 2017

If you have your savings dollars in a bank with low savings rates, then you are losing real money. With the magic of compounding interest, even an interest rate difference under 1% can really add up over time. See our Savings Booster Calculator to see why you should seek out a higher interest rate. The table below has an unbiased list of the savings and money market account rates of FDIC-insured banks that are near your current location (if they aren’t, then change the zip code above). Take a few minutes to explore these options and see how you can boost your savings by more than 6X the national average rate. You may also want to check credit unions near you or online banks by navigating through the tabs above. There is competition for your money. Take advantage of it!

OH - January 19, 2017

Savings Account National Average Rate: 0.13% ?

BANKS APY Vs. Nat'l Av. MIN MILES ?
Westfield Bank, FSB 1.00% 8.00x $0 -
SSB Community Bank 0.85% 6.80x $25,000 -
Buckeye State Bank 0.75% 6.00x $200 -
CNB Bank 0.72% 5.76x $1 -
SSB Community Bank 0.65% 5.20x $10,000 -
First Financial Bank, National Association 0.65% 5.20x $5,000 -
Nationwide Bank 0.50% 4.00x $1,000 -
United Midwest Savings Bank 0.50% 4.00x $1,000 -
The Wilmington Savings Bank 0.45% 3.60x $25,000 -
CNB Bank 0.41% 3.28x $500 -
NATIONAL COOPERATIVE BANK, N.A. 0.40% 3.20x $25,000 -
The Home Savings and Loan Company of Youngstown, Ohio 0.40% 3.20x $10,000 -
Premier Bank & Trust 0.40% 3.20x $10,000 -
Commodore Bank 0.35% 2.80x $25,000 -
Spring Valley Bank 0.35% 2.80x $25,000 -
Valley Central Bank 0.35% 2.80x $20 -
The Harrison Building and Loan Association 0.35% 2.80x $25,000 -
New York Community Bank 0.35% 2.80x $25,000 -
THE HOME LOAN SAVINGS BANK 0.30% 2.40x $25,000 -
The Wilmington Savings Bank 0.30% 2.40x $10,000 -
The Delaware County Bank and Trust Company 0.30% 2.40x $25,000 -
Community Savings 0.30% 2.40x $25,000 -
CenterBank 0.30% 2.40x $25,000 -
Nationwide Bank 0.30% 2.40x $1 -
First National Bank in New Bremen 0.30% 2.40x $25,000 -
Premier Bank & Trust 0.30% 2.40x $1 -
Beal Bank, SSB 0.30% 2.40x $25,000 -
The Farmers State Bank 0.25% 2.00x $10,000 -
Buckeye State Bank 0.25% 2.00x $25,000 -
United Bank 0.25% 2.00x $15,000 -
Columbus First Bank 0.25% 2.00x $2,500 -
Spring Valley Bank 0.25% 2.00x $100 -
Foundation Bank 0.25% 2.00x $25,000 -
First Federal Savings and Loan Association 0.25% 2.00x $1,000 -
CenterBank 0.25% 2.00x $25 -
New York Community Bank 0.25% 2.00x $5,000 -
First Federal Savings and Loan Association 0.25% 2.00x $10 -
The Harrison Building and Loan Association 0.25% 2.00x $10,000 -
Beal Bank, SSB 0.25% 2.00x $500 -
The First National Bank of Powhatan Point 0.25% 2.00x $1 -
The St. Henry Bank 0.25% 2.00x $10,000 -
First Federal Savings and Loan Association of Lakewood 0.25% 2.00x $25,000 -
Hometown Bank 0.25% 2.00x $25,000 -
The Citizens National Bank of McConnelsville 0.25% 2.00x $25,000 -
Peoples Savings and Loan Company 0.25% 2.00x $1 -
Watch Hill Bank 0.25% 2.00x $10,000 -
United Midwest Savings Bank 0.25% 2.00x $1,000 -
City National Bank of West Virginia 0.25% 2.00x $25,000 -
The Peoples Bank Co. 0.25% 2.00x $10,000 -
RiverHills Bank 0.22% 1.76x $25,001 -
The Hamler State Bank 0.20% 1.60x $2,500 -
Sutton Bank 0.20% 1.60x $25,000 -
Liberty National Bank 0.20% 1.60x $25,000 -
THE VINTON COUNTY NATIONAL BANK 0.20% 1.60x $25,000 -
NATIONAL COOPERATIVE BANK, N.A. 0.20% 1.60x $100 -
The St. Henry Bank 0.20% 1.60x $3,000 -
The Citizens Bank of Logan, Ohio 0.20% 1.60x $15,000 -
Galion Building and Loan Bank 0.20% 1.60x $25,000 -
Buckeye Community Bank 0.20% 1.60x $1 -
Watch Hill Bank 0.20% 1.60x $10 -
Buckeye State Bank 0.20% 1.60x $1 -
The Harrison Building and Loan Association 0.20% 1.60x $2,500 -
North Valley Bank 0.20% 1.60x $10,000 -
Geauga Savings Bank 0.20% 1.60x $2,500 -
Community Savings 0.20% 1.60x $1 -
First National Bank in New Bremen 0.20% 1.60x $10,000 -
RiverHills Bank 0.20% 1.60x $10,001 -
The First National Bank of McConnelsville 0.20% 1.60x $1,000 -
The Wilmington Savings Bank 0.20% 1.60x $2,500 -
Belpre Savings Bank 0.20% 1.60x $10,000 -
Beal Bank, SSB 0.20% 1.60x $1,000 -
The Citizens National Bank of McConnelsville 0.20% 1.60x $50 -
The Metamora State Bank 0.20% 1.60x $25,000 -
Fidelity Federal Savings and Loan Association of Delaware 0.20% 1.60x $25 -
The Citizens Bank Company 0.20% 1.60x $75 -
Commodore Bank 0.20% 1.60x $100 -
Benchmark Bank 0.20% 1.60x $25,000 -
Portage Community Bank 0.20% 1.60x $25,000 -
The Brookville Building and Savings Association 0.20% 1.60x $2,500 -
The Ottoville Bank Company 0.20% 1.60x $2,500 -
The Somerville National Bank 0.20% 1.60x $25,000 -
FCN Bank, National Association 0.20% 1.60x $25,000 -
Belmont Savings Bank 0.20% 1.60x $100 -
Westfield Bank, FSB 0.20% 1.60x $10,000 -
Northwest Bank 0.20% 1.60x $10,000 -
Columbus First Bank 0.20% 1.60x $10,000 -
The Farmers National Bank of Canfield 0.18% 1.44x $25,000 -
First City Bank 0.16% 1.28x $25,000 -
Peoples Bank 0.16% 1.28x $25,000 -
The Richwood Banking Company 0.15% 1.20x $15,000 -
The Corn City State Bank 0.15% 1.20x $5 -
The Ottoville Bank Company 0.15% 1.20x $1 -
FCN Bank, National Association 0.15% 1.20x $1 -
Belmont Savings Bank 0.15% 1.20x $1,000 -
The Fort Jennings State Bank 0.15% 1.20x $25,000 -
The First Central National Bank of St. Paris 0.15% 1.20x $2,500 -
The Andover Bank 0.15% 1.20x $25,000 -
Westfield Bank, FSB 0.15% 1.20x $1 -
The Peoples Bank 0.15% 1.20x $25,000 -
The North Side Bank and Trust Company 0.15% 1.20x $25,000 -
The Old Fort Banking Company 0.15% 1.20x $10,000 -
First Federal Bank of Ohio 0.15% 1.20x $2,500 -
Sutton Bank 0.15% 1.20x $10,000 -
Commodore Bank 0.15% 1.20x $10,001 -
First National Bank in New Bremen 0.15% 1.20x $200 -
Home National Bank 0.15% 1.20x $1,500 -
Columbus First Bank 0.15% 1.20x $1,000 -
Wesbanco Bank, Inc. 0.15% 1.20x $1,000 -
The Peoples National Bank of Mount Pleasant 0.15% 1.20x $10,000 -
RiverHills Bank 0.15% 1.20x $100 -
The Wilmington Savings Bank 0.15% 1.20x $100 -
The National Bank of Adams County of West Union 0.15% 1.20x $100 -
Wayne Savings Community Bank 0.15% 1.20x $25,000 -
The Mt. Victory State Bank 0.15% 1.20x $50 -
Belpre Savings Bank 0.15% 1.20x $10,000 -
Foundation Bank 0.15% 1.20x $1 -
The Citizens National Bank of McConnelsville 0.15% 1.20x $2,500 -
Greenville National Bank 0.15% 1.20x $25,000 -
Galion Building and Loan Bank 0.15% 1.20x $10,000 -
The Peoples Bank Co. 0.15% 1.20x $1 -
The Hocking Valley Bank 0.15% 1.20x $1 -
Kingston National Bank 0.15% 1.20x $25,000 -
The First National Bank of McConnelsville 0.15% 1.20x $2,500 -
United Midwest Savings Bank 0.15% 1.20x $1 -
The Citizens Bank of Logan, Ohio 0.15% 1.20x $2,500 -
The Arlington Bank 0.15% 1.20x $1,000 -
Buckeye Community Bank 0.15% 1.20x $1 -
Benchmark Bank 0.15% 1.20x $10,000 -
THE HOME LOAN SAVINGS BANK 0.15% 1.20x $10,000 -
First Bank of Ohio 0.15% 1.20x $10,000 -
CenterBank 0.15% 1.20x $10,000 -
Eagle Savings Bank 0.15% 1.20x $25,000 -
The First National Bank of Germantown 0.15% 1.20x $2,500 -
THE VINTON COUNTY NATIONAL BANK 0.15% 1.20x $1 -
Minster Bank 0.15% 1.20x $25,000 -
Farmers State Bank 0.15% 1.20x $25,001 -
Liberty National Bank 0.15% 1.20x $10,000 -
The St. Henry Bank 0.15% 1.20x $1 -
First Federal Savings and Loan Association of Lakewood 0.15% 1.20x $10,000 -
The First National Bank of Bellevue 0.15% 1.20x $10,000 -
Nelsonville Home and Savings 0.15% 1.20x $100 -
The Farmers Bank and Savings Company 0.15% 1.20x $100 -
Hometown Bank 0.15% 1.20x $10,000 -
The Fahey Banking Company 0.15% 1.20x $25,000 -
The Somerville National Bank 0.15% 1.20x $100 -
Peoples Savings and Loan Company 0.15% 1.20x $1 -
The Huntington National Bank 0.15% 1.20x $10,000 -
The Metamora State Bank 0.15% 1.20x $5,000 -
Buckeye State Bank 0.15% 1.20x $2,500 -
The Middlefield Banking Company 0.15% 1.20x $25,000 -
The Savings Bank 0.14% 1.12x $2,500 -
Union Savings Bank 0.14% 1.12x $100 -
The Commercial Savings Bank 0.12% 0.96x $25,000 -
THE HOME LOAN SAVINGS BANK 0.12% 0.96x $25,000 -
Wayne Savings Community Bank 0.12% 0.96x $10,000 -
The Genoa Banking Company 0.12% 0.96x $10,000 -
The Citizens Savings Bank 0.12% 0.96x $20,000 -
First City Bank 0.11% 0.88x $100 -
PNC Bank, National Association 0.11% 0.88x $25,000 -
The Brookville Building and Savings Association 0.10% 0.80x $1 -
The Hamler State Bank 0.10% 0.80x $25 -
Progressive Bank, National Association 0.10% 0.80x $1 -
City National Bank of West Virginia 0.10% 0.80x $1 -
Liberty National Bank 0.10% 0.80x $1,000 -
The Richwood Banking Company 0.10% 0.80x $1 -
The Community Bank 0.10% 0.80x $100 -
Eagle Savings Bank 0.10% 0.80x $10,000 -
THE VINTON COUNTY NATIONAL BANK 0.10% 0.80x $100 -
The Sherwood State Bank 0.10% 0.80x $25,000 -
The Genoa Banking Company 0.10% 0.80x $10,000 -
United Midwest Savings Bank 0.10% 0.80x $1 -
The Middlefield Banking Company 0.10% 0.80x $10 -
The Farmers State Bank 0.10% 0.80x $25,000 -
Citizens Deposit Bank & Trust 0.10% 0.80x $25,000 -
Ripley Federal Savings Bank 0.10% 0.80x $2,500 -
First Federal Community Bank of Bucyrus 0.10% 0.80x $50 -
First Federal Savings and Loan Association of Lorain 0.10% 0.80x $2,500 -
LCNB National Bank 0.10% 0.80x $25,000 -
The North Side Bank and Trust Company 0.10% 0.80x $1 -
Belpre Savings Bank 0.10% 0.80x $1 -
The Farmers Bank and Savings Company 0.10% 0.80x $10,000 -
Buckeye Community Bank 0.10% 0.80x $50 -
The First National Bank of Sycamore 0.10% 0.80x $2,500 -
THE HOME LOAN SAVINGS BANK 0.10% 0.80x $100 -
The Commercial and Savings Bank of Millersburg, Ohio 0.10% 0.80x $25,000 -
The Monitor Bank 0.10% 0.80x $1 -
Watch Hill Bank 0.10% 0.80x $1,000 -
The Andover Bank 0.10% 0.80x $10,000 -
The Peoples Savings and Loan Company 0.10% 0.80x $10 -
Consumers National Bank 0.10% 0.80x $20,000 -
The First National Bank of Germantown 0.10% 0.80x $10,000 -
The Savings Bank 0.10% 0.80x $100 -
The Citizens Bank of Logan, Ohio 0.10% 0.80x $1 -
Wayne Savings Community Bank 0.10% 0.80x $2,500 -
The Peoples Bank Co. 0.10% 0.80x $100 -
The First National Bank of Waverly 0.10% 0.80x $25 -
Heartland Bank 0.10% 0.80x $25,000 -
Greenville National Bank 0.10% 0.80x $5,000 -
CFBank 0.10% 0.80x $100 -
North Valley Bank 0.10% 0.80x $1,000 -
Portage Community Bank 0.10% 0.80x $1 -
Peoples Federal Savings and Loan Association 0.10% 0.80x $25,000 -
FCN Bank, National Association 0.10% 0.80x $1 -
The Marblehead Bank 0.10% 0.80x $25,000 -
Kingston National Bank 0.10% 0.80x $1 -
Stock Yards Bank & Trust Company 0.10% 0.80x $25,000 -
Benchmark Bank 0.10% 0.80x $1 -
The Ohio Valley Bank Company 0.10% 0.80x $100 -
Standing Stone Bank 0.10% 0.80x $25,000 -
The First National Bank of Bellevue 0.10% 0.80x $100 -
Sutton Bank 0.10% 0.80x $50 -
SSB Community Bank 0.10% 0.80x $100 -
Commodore Bank 0.10% 0.80x $1,000 -
The First Central National Bank of St. Paris 0.10% 0.80x $50 -
Minster Bank 0.10% 0.80x $10,000 -
The Fort Jennings State Bank 0.10% 0.80x $10,000 -
American Savings Bank, FSB 0.10% 0.80x $25,000 -
First Commonwealth Bank 0.10% 0.80x $20,000 -
Galion Building and Loan Bank 0.10% 0.80x $5 -
Farmers State Bank 0.10% 0.80x $2,501 -
The Antwerp Exchange Bank Company 0.10% 0.80x $1,000 -
The Killbuck Savings Bank Company 0.10% 0.80x $2,000 -
Liberty Bank, National Association 0.10% 0.80x $1 -
The Fahey Banking Company 0.10% 0.80x $10,000 -
Hometown Bank 0.10% 0.80x $2,500 -
The Delaware County Bank and Trust Company 0.10% 0.80x $1 -
The Settlers Bank 0.10% 0.80x $100 -
The Waterford Commercial and Savings Bank 0.10% 0.80x $1 -
The Somerville National Bank 0.10% 0.80x $10,000 -
Northwest Bank 0.10% 0.80x $2,500 -
Home City Federal Savings Bank of Springfield 0.10% 0.80x $25,000 -
Guardian Savings Bank, A Federal Savings Bank 0.10% 0.80x $100 -
The Peoples Bank 0.10% 0.80x $1 -
Branch Banking and Trust Company 0.10% 0.80x $25,000 -
United Fidelity Bank, fsb 0.10% 0.80x $1,000 -
Perpetual Federal Savings Bank 0.10% 0.80x $10 -
American Savings Bank 0.10% 0.80x $25,000 -
The Merchants National Bank 0.10% 0.80x $10,000 -
The Commercial Savings Bank 0.09% 0.72x $10,000 -
PNC Bank, National Association 0.09% 0.72x $10,000 -
The Farmers & Merchants State Bank 0.08% 0.64x $25,000 -
New Carlisle Federal Savings Bank 0.08% 0.64x $25,000 -
Liberty Bank 0.08% 0.64x $100 -
The Henry County Bank 0.08% 0.64x $2,500 -
THE HOME LOAN SAVINGS BANK 0.08% 0.64x $10,000 -
The Peoples Savings Bank 0.08% 0.64x $100 -
Heartland Bank 0.08% 0.64x $10,000 -
The Farmers National Bank of Canfield 0.08% 0.64x $7,500 -
First Bank of Ohio 0.08% 0.64x $2,500 -
The First National Bank of Bellevue 0.08% 0.64x $2,500 -
Monroe Federal Savings and Loan Association 0.08% 0.64x $25,000 -
The First National Bank of Pandora 0.08% 0.64x $25,000 -
The Metamora State Bank 0.08% 0.64x $1 -
The Marblehead Bank 0.07% 0.56x $10,000 -
The First National Bank of Dennison 0.07% 0.56x $20,000 -
Peoples Bank 0.07% 0.56x $1 -
The Apple Creek Banking Company 0.07% 0.56x $1 -
First State Bank 0.07% 0.56x $100 -
The Sherwood State Bank 0.07% 0.56x $2,500 -
Standing Stone Bank 0.07% 0.56x $5,000 -
The Cortland Savings and Banking Company 0.07% 0.56x $25,001 -
The Edon State Bank Company of Edon, Ohio 0.07% 0.56x $2,500 -
The Peoples Savings Bank 0.07% 0.56x $5 -
Citizens Federal Savings and Loan Association 0.07% 0.56x $20 -
Home National Bank 0.07% 0.56x $25 -
The First National Bank of Dennison 0.06% 0.48x $2,500 -
Community First Bank, National Association 0.06% 0.48x $25,000 -
LCNB National Bank 0.06% 0.48x $1 -
American Savings Bank 0.06% 0.48x $10,000 -
U.S. Bank National Association 0.06% 0.48x $10,000 -
The Marblehead Bank 0.05% 0.40x $200 -
The Merchants National Bank 0.05% 0.40x $1 -
The Rockhold, Brown & Company Bank 0.05% 0.40x $100 -
First Federal Savings and Loan Association 0.05% 0.40x $100 -
First Merchants Bank 0.05% 0.40x $10,000 -
The Settlers Bank 0.05% 0.40x $1,500 -
Branch Banking and Trust Company 0.05% 0.40x $1 -
The Huntington National Bank 0.05% 0.40x $1 -
Wesbanco Bank, Inc. 0.05% 0.40x $300 -
The Farmers and Merchants Bank 0.05% 0.40x $1 -
The Old Fort Banking Company 0.05% 0.40x $1 -
LCNB National Bank 0.05% 0.40x $1 -
The Farmers National Bank of Canfield 0.05% 0.40x $25,000 -
Geauga Savings Bank 0.05% 0.40x $2,500 -
The Commercial Savings Bank 0.05% 0.40x $1,500 -
The Bank of Magnolia Company 0.05% 0.40x $25 -
The Andover Bank 0.05% 0.40x $1 -
The Republic Banking Company 0.05% 0.40x $25 -
The Fort Jennings State Bank 0.05% 0.40x $25 -
The Metamora State Bank 0.05% 0.40x $1 -
Community First Bank, National Association 0.05% 0.40x $10,000 -
The First National Bank of Pandora 0.05% 0.40x $1 -
Fairfield Federal Savings and Loan Association of Lancaster 0.05% 0.40x $1 -
New Carlisle Federal Savings Bank 0.05% 0.40x $10,000 -
Sutton Bank 0.05% 0.40x $1 -
KeyBank National Association 0.05% 0.40x $2,500 -
North Valley Bank 0.05% 0.40x $1,000 -
Stock Yards Bank & Trust Company 0.05% 0.40x $10,000 -
Chemical Bank 0.05% 0.40x $1 -
New York Community Bank 0.05% 0.40x $200 -
The Fahey Banking Company 0.05% 0.40x $100 -
The Antwerp Exchange Bank Company 0.05% 0.40x $50 -
Mercer Savings Bank 0.05% 0.40x $100 -
The Farmers State Bank 0.05% 0.40x $25 -
Monroe Federal Savings and Loan Association 0.05% 0.40x $1 -
CFBank 0.05% 0.40x $2,501 -
The Croghan Colonial Bank 0.05% 0.40x $1 -
The Delaware County Bank and Trust Company 0.05% 0.40x $1 -
Peoples Bank 0.05% 0.40x $100 -
Farmers & Merchants Bank 0.05% 0.40x $1 -
Greenville National Bank 0.05% 0.40x $1 -
Liberty Bank, National Association 0.05% 0.40x $200 -
The Killbuck Savings Bank Company 0.05% 0.40x $10 -
The Peoples National Bank of New Lexington 0.05% 0.40x $1,000 -
Eagle Savings Bank 0.05% 0.40x $1,000 -
Peoples Federal Savings and Loan Association 0.05% 0.40x $25 -
The Cincinnatus Savings & Loan Co. 0.05% 0.40x $100 -
First Federal Savings and Loan Association of Lakewood 0.05% 0.40x $1 -
The Home Savings and Loan Company of Youngstown, Ohio 0.05% 0.40x $25,000 -
Galion Building and Loan Bank 0.05% 0.40x $1 -
Mechanics Bank 0.05% 0.40x $5 -
Minster Bank 0.05% 0.40x $1 -
The Osgood State Bank 0.05% 0.40x $1,000 -
First National Bank of Pennsylvania 0.05% 0.40x $25,000 -
The Arlington Bank 0.05% 0.40x $50 -
U.S. Bank National Association 0.05% 0.40x $10,000 -
Mutual Federal Savings Bank, A FSB 0.05% 0.40x $1 -
Dollar Bank, Federal Savings Bank 0.05% 0.40x $1 -
Civista Bank 0.05% 0.40x $100 -
United Bank 0.05% 0.40x $1 -
First Federal Community Bank, National Association 0.05% 0.40x $15,000 -
Woodforest National Bank 0.05% 0.40x $1 -
The Genoa Banking Company 0.05% 0.40x $1 -
Standing Stone Bank 0.05% 0.40x $1 -
CenterBank 0.05% 0.40x $1,000 -
Citizens Deposit Bank & Trust 0.05% 0.40x $10,000 -
Spring Valley Bank 0.05% 0.40x $1 -
The Citizens National Bank of Woodsfield 0.05% 0.40x $100 -
The First National Bank of Germantown 0.05% 0.40x $2,500 -
THE HOME LOAN SAVINGS BANK 0.05% 0.40x $500 -
The Peoples Savings and Loan Company 0.05% 0.40x $2,500 -
Farmers State Bank 0.05% 0.40x $100 -
The Farmers & Merchants State Bank 0.05% 0.40x $2,000 -
The Peoples National Bank of Mount Pleasant 0.05% 0.40x $1 -
American Savings Bank, FSB 0.05% 0.40x $100 -
First Commonwealth Bank 0.05% 0.40x $1 -
First Federal Bank of the Midwest 0.05% 0.40x $25,000 -
The Farmers Bank and Savings Company 0.05% 0.40x $1,000 -
The First National Bank of Sycamore 0.05% 0.40x $100 -
The Commercial and Savings Bank of Millersburg, Ohio 0.05% 0.40x $10 -
Greenville Federal 0.05% 0.40x $10 -
United Fidelity Bank, fsb 0.05% 0.40x $100 -
Premier Bank & Trust 0.05% 0.40x $1 -
The Edon State Bank Company of Edon, Ohio 0.05% 0.40x $5 -
City National Bank of West Virginia 0.05% 0.40x $1 -
First Federal Bank of Ohio 0.05% 0.40x $5 -
The First National Bank of Dennison 0.05% 0.40x $50 -
The Citizens Savings Bank 0.05% 0.40x $1 -
Woodsfield Savings Bank 0.05% 0.40x $10 -
Hometown Bank 0.05% 0.40x $1 -
Third Federal Savings and Loan Association of Cleveland 0.05% 0.40x $50 -
Fifth Third Bank 0.05% 0.40x $25,000 -
Heartland Bank 0.05% 0.40x $50 -
American Savings Bank 0.05% 0.40x $100 -
The Middlefield Banking Company 0.05% 0.40x $1 -
The Community Bank 0.05% 0.40x $5,000 -
Consumers National Bank 0.05% 0.40x $1 -
First Federal Community Bank, National Association 0.04% 0.32x $2,500 -
U.S. Bank National Association 0.04% 0.32x $1,000 -
The Farmers National Bank of Canfield 0.04% 0.32x $100 -
First State Bank 0.04% 0.32x $10,000 -
First Federal Savings and Loan Association of Lorain 0.04% 0.32x $10 -
First National Bank of Pennsylvania 0.04% 0.32x $1 -
First Bank of Ohio 0.04% 0.32x $25 -
KeyBank National Association 0.04% 0.32x $2,500 -
The Sherwood State Bank 0.03% 0.24x $1 -
First Bank of Berne 0.03% 0.24x $25,000 -
First Federal Bank of the Midwest 0.03% 0.24x $1 -
The First National Bank of Pandora 0.03% 0.24x $25 -
The Pataskala Banking Company 0.03% 0.24x $25,000 -
The Farmers and Merchants Bank 0.03% 0.24x $2,500 -
Community First Bank, National Association 0.03% 0.24x $2,500 -
The Henry County Bank 0.03% 0.24x $1 -
The Hicksville Bank 0.03% 0.24x $200 -
The Commercial Savings Bank 0.03% 0.24x $25 -
New York Community Bank 0.03% 0.24x $5,000 -
Stock Yards Bank & Trust Company 0.03% 0.24x $1 -
The Osgood State Bank 0.03% 0.24x $10 -
Home Savings Bank of Wapakoneta 0.03% 0.24x $1 -
The Peoples National Bank of New Lexington 0.03% 0.24x $10 -
The Bank of Magnolia Company 0.03% 0.24x $10,000 -
The Farmers & Merchants State Bank 0.03% 0.24x $300 -
Branch Banking and Trust Company 0.03% 0.24x $1,000 -
Civista Bank 0.03% 0.24x $2,500 -
The Home Savings and Loan Company of Youngstown, Ohio 0.03% 0.24x $50 -
Heartland Bank 0.03% 0.24x $1 -
Consumers National Bank 0.03% 0.24x $1 -
American Savings Bank, FSB 0.03% 0.24x $2,500 -
The Citizens National Bank of Bluffton 0.03% 0.24x $5,000 -
PNC Bank, National Association 0.03% 0.24x $1 -
First Federal Community Bank, National Association 0.02% 0.16x $1 -
The State Bank and Trust Company 0.02% 0.16x $25 -
KeyBank National Association 0.02% 0.16x $2,500 -
First State Bank 0.02% 0.16x $1 -
Citizens Deposit Bank & Trust 0.02% 0.16x $25 -
The Pataskala Banking Company 0.02% 0.16x $25 -
The Croghan Colonial Bank 0.02% 0.16x $1 -
Fairfield Federal Savings and Loan Association of Lancaster 0.02% 0.16x $1 -
The Cortland Savings and Banking Company 0.02% 0.16x $200 -
New Carlisle Federal Savings Bank 0.02% 0.16x $1 -
The Huntington National Bank 0.02% 0.16x $2,500 -
The Bank of Magnolia Company 0.02% 0.16x $2,500 -
Community First Bank, National Association 0.02% 0.16x $50 -
Fifth Third Bank 0.02% 0.16x $10,000 -
New York Community Bank 0.02% 0.16x $2,500 -
First Federal Savings and Loan Association of Van Wert 0.02% 0.16x $2,500 -
Van Wert Federal Savings Bank 0.02% 0.16x $1 -
The Citizens Savings Bank 0.02% 0.16x $2,500 -
MainSource Bank 0.02% 0.16x $1,000 -
MainSource Bank 0.01% 0.08x $10,000 -
The Citizens National Bank of Bluffton 0.01% 0.08x $2,500 -
First Financial Bank, National Association 0.01% 0.08x $1 -
First Bank of Berne 0.01% 0.08x $1 -
The State Bank and Trust Company 0.01% 0.08x $1 -
Home City Federal Savings Bank of Springfield 0.01% 0.08x $1 -
Peoples Federal Savings and Loan Association 0.01% 0.08x $1,000 -
Fifth Third Bank 0.01% 0.08x $1 -
JPMorgan Chase Bank, National Association 0.01% 0.08x $1 -
The First Citizens National Bank of Upper Sandusky 0.01% 0.08x $50 -
Citizens Bank, National Association 0.01% 0.08x $2,500 -
The Park National Bank 0.01% 0.08x $1,000 -
First National Bank of Pennsylvania 0.01% 0.08x $2,500 -
Wells Fargo Bank, National Association 0.01% 0.08x $1 -
PNC Bank, National Association 0.01% 0.08x $1 -
First Merchants Bank 0.01% 0.08x $1 -
First Federal Savings and Loan Association 0.01% 0.08x $1,000 -
U.S. Bank National Association 0.01% 0.08x $1 -
The Home Savings and Loan Company of Youngstown, Ohio 0.01% 0.08x $10,000 -
Northwest Bank 0.01% 0.08x $25 -


BestCashCow strives to maintain the most accurate rates. If you find a rate that is not accurate, please let us know by commenting below so that we can update it. Thank you for your help.

PRODUCT INFORMATION


Local Savings Accounts 2017

Savings accounts offer depositors flexibility along with the stability of FDIC insurance (assuming your deposit amounts are within FDIC limits – see below). Savings accounts are a good place to keep money for unforeseen expenses, as well as money that you may be preparing to use and want to keep safe. Individuals often use savings accounts for a home down payment, a vacation, a wedding, a car, an emergency fund, or other near-term expenditures. However, if you have cash that you do not believe you will need for at least a year, you may want to consider investing in a certificate of deposit.

While online savings account have grown in popularity and usage dramatically over the past fifteen years, some consumers prefer opening an account in a branch and having a personal relationship with the people who safeguard their money. Physical branches also provide an easy way to get cash instantly, to deposit checks, to access to notaries, and sometimes to get free coffee and donuts.

You will find a map with all banks that are close to you here.

FDIC Insurance

BestCashCow strongly recommends that when depositing money, you stay within the insured limits of the Federal Deposit Insurance Corporation (“FDIC”). You should not deposit over $250,000 at a single bank across all products (savings or share certificates, certificates of deposit or time deposits, etc.) unless these deposits are made across different product types (individual, joint, etc). Learn more about FDIC insurance and different product types here. If you are still uncertain whether you are within FDIC limits, you should visit the FDIC's website to determine your coverage limits based on your circumstances.

Advantages of Local Savings or Money Market Accounts:

  • Higher interest rate than a checking account, usually.
  • Personal service and interaction. Unlike an online account you are building a relationship with your banker by opening it in a branch.
  • Online access. Often, depending on the size of the bank, banks enable transactions and deposits to be performed online or through a mobile application.
  • Liquidity. Depositors can withdraw their money at any time.

Disadvantages:

  • A variable interest rate. Rates can change at any time. In a falling rate environment, this is a negative. In a rising rate environment, this is a positive.
  • A lower rate than an online bank. Branches are expensive and non-online banks often can't afford to pay as much interest as an online bank.

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 Booster 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 and be sure it is appropriate. 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.

SAVINGS & CD BOOSTER CALCULATOR

Find out how much extra money you can earn by moving your bank money into an account that pays more.

Input the numbers

  • george koshefsky

    April 21, 2015

    Where is the list of the worst online banks to bank with or the States to avoid

  • ctyank January 19, 2015

    January 19, 2015

    Liberty Bank...Hamden, CT...new branch opening...special savings rate, 1.50% up to $100,000.00 through 2016...do not beleive it is available to om-line customer(s)...checking account linked, free...

  • Sol @ Travis

    September 29, 2013

    @ Travis

    In many cases we do provide this information. For example, the Belmont Savings Bank rate you list above comes with a clear disclaimer if you click the Learn more button. We're always trying to improve though and will certainly continue to gather additional information. Thanks for your comment.

  • Travis MacDonald

    September 29, 2013

    I find the numbers decieving. Some of your banks listed with the highest APR have many restrictions and requirements. I feel that these should be listed on your site in the "details" section to avoid any "bait-and-switch" claims. For instance, Belmont Savings Bank in Belmont, MA is listed as having a 1.00% APR, but the savings account requires a companion checking account with a daily average balance of 250,000. Another example is Salen Five cents Bank under the online banks. The account listed is not available on their website. When I inquired about it, they told me that particular savings product was reserved as an add-on for accounts with daily balances in excess of $10,000. It seems alot of research went into the details pages in terms of company financials and whatnot. Seems like a little more research could be done on the savings and checking products themselves.

  • «
  • Page 1 of 1
  • »

Add Your Review

Rate it here →