Madison, Alabama Savings Rates - October 2026
Brian McKay
Brian McKay
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Madison, Alabama savings account rates range from 0.01% to 7.00% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Madison, Alabama and the surrounding area include Avadian Credit UnionAvadian Credit Union8566 Madison Blvd, Madison, AL 35758A+5.0 ★Texas Ratio: 3.41%Real return: +4.20%APY minus 2.8% CPI (February 2026) Centsible Savings at 7.00% APY, Redstone Federal Credit UnionRedstone Federal Credit Union4005 Lawson Ridge Dr, Madison, AL 35757A+5.0 ★Texas Ratio: 2.10%Real return: +1.26%APY minus 2.8% CPI (February 2026) Brighter Day Savings Account at 4.06% APY, Wells FargoWells Fargo200 W Base St, Madison, FL 32340A+5.0 ★Texas Ratio: 5.36%Real return: +0.45%APY minus 2.8% CPI (February 2026) Platinum Savings at 3.25% APY, Family Security Credit UnionFamily Security Credit Union8230 Madison Blvd, Madison, AL 35758 2002A+5.0 ★Texas Ratio: 1.16%Real return: -0.68%APY minus 2.8% CPI (February 2026) Health Savings Account at 2.12% APY, and North Alabama Educators Credit UnionNorth Alabama Educators Credit Union7559 Highway 72 W Ste 114, Madison, AL 35758 8816A+5.0 ★Texas Ratio: 3.45%Real return: -0.94%APY minus 2.8% CPI (February 2026) Super Shares Account at 1.86% APY.
Madison has 53 local institutions in our database, with savings rates as high as 7.00% APY from Avadian Credit Union at 8566 Madison Blvd, Madison, AL 35758. Use the table below to compare all available offers, including options from institutions serving the broader Alabama area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Madison, Alabama and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Madison, Alabama & Surrounding Communities
Balance: $0.01 - $1000.00; Dividends paid quarterly; Must have an Avadian checking account and debit card to open; Cannot make deposits or transfers into a Centsible Savings Account; Avadian match contribution credited quarterly, maximum total match $250 per year; Rate subject to change
Balance: $0 to $2,500; Qualifying balance up to $2,500.00; Only one Brighter Day Savings account allowed per member; Membership required
Balance: $0.01 - $25,000; Dividends Paid: Monthly; Maximum APY requires e-statements enrollment and an Avadian checking account with direct deposit of $500 or greater; otherwise 0.25% APY applies to all balance ranges; Limit one High-Yield Savings account per Primary member
Balance: $25,000 or more; Rates for New Savings Customers; Earn 3.25% APY as a new Wells Fargo savings customer; California Bay Area counties branches only
- Oct 14, 20263.25%▲ from 0.05%
- Oct 7, 20260.05%▲ from 0.01%
- Sep 14, 20260.01%first recorded
Balance: $25.00 or more
Rate based on Average Daily Balance over Period of $50,000 and above; Balance: $50,000 and above
- Oct 9, 20261.86%▲ from 1.76%
- Sep 14, 20261.76%first recorded
Rate based on Average Daily Balance over Period of $50,000 and above; Balance: $50,000 and above
Balance: $10,000 to $49,999.99; Rate based on Average Daily Balance over Period of $10,000 to $49,999.99
- Oct 9, 20261.51%▲ from 1.41%
- Sep 14, 20261.41%first recorded
Rate based on Average Daily Balance over Period of $2,000 to $9,999.99; Balance: $2,000 to $9,999.99
- Oct 9, 20261.35%▲ from 1.26%
- Sep 29, 20261.26%first recorded
Rate based on Average Daily Balance over Period of $2,000 to $9,999.99; Balance: $2,000 to $9,999.99
Balance: $75,000.00 and Above; Dividends paid quarterly; Available in Traditional and Roth IRA
Balance: $1,000.01 or greater; Dividends paid quarterly; Must have an Avadian checking account and debit card to open; Cannot make deposits or transfers into a Centsible Savings Account; Avadian match contribution credited quarterly, maximum total match $250 per year; Rate subject to change
Balance: $25,000 - $74,999.99; Dividends paid quarterly; Available in Traditional and Roth IRA
Balance: $2,500 - $24,999.99; Dividends paid quarterly; Available in Traditional and Roth IRA
- Oct 9, 20260.65%▲ from 0.50%
- Sep 14, 20260.50%first recorded
Balance: $.01 - $2,499.99; Dividends paid quarterly; Available in Traditional and Roth IRA
Balance: $10,000 or more; a daily collected balance of $10,000 must be maintained to obtain the yield; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Requirements to waive: $200 minimum daily balance each day in the statement period; Interest compounded and credited quarterly
Over $10,000; Transaction Limits: Limited
Balance: $100 minimum Average Daily Balance
- Oct 9, 20260.35%▲ from 0.25%
- Sep 14, 20260.25%first recorded
Over $10,000; Transaction Limits: Limited
- Oct 2, 20260.30%▲ from 0.05%
- Sep 27, 20260.05%▼ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: $75,000.00 and Above; Dividends paid quarterly
Balance: $75,000.00 and Above; Dividends Paid: Quarterly; Includes Kids Savings School, Edge Savings for Teens, U Name It, and Christmas Club
Quarterly $5 service charge if daily balance falls below $250; service charge refunded when linked to Essential Checking or Advantage Checking; interest compounded daily and posted quarterly; APY effective 9/28/26 and variable
Membership required; Minimum daily balance of $500.00 required to earn dividends and disclosed APY
Balance: $2,500.01 and over; Only one Brighter Day Savings account allowed per member; Membership required; APY subject to change monthly
Balance: $0
Dividends paid Quarterly; Funds transferred to chosen account in November
Membership required
Dividends paid Quarterly; Membership and savings rolled into one Savings Account
Traditional and Roth Savings IRA
Dividends paid Monthly
Balance: $100 minimum Average Daily Balance
Balance: $25,000.00 - $74,999.99; Dividends paid quarterly
Interest paid monthly
Balance: $25,001 and above; Dividends Paid: Monthly; Limit one High-Yield Savings account per Primary member
Balance: $25,000.00 - $74,999.99; Dividends Paid: Quarterly; Includes Kids Savings School, Edge Savings for Teens, U Name It, and Christmas Club
Balance: less than $10,000; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Requirements to waive: $200 minimum daily balance each day in the statement period; Interest compounded and credited quarterly
- Oct 7, 20260.20%▼ from 0.35%
- Oct 2, 20260.35%first recorded
Under $10,000; Transaction Limits: Limited
Balance: $50,000 - $99,999
Balance: $0 - $24,999
Balance: $2,500.00 - $24,999.99; Dividends paid quarterly
Balance: $2,500.00 - $24,999.99; Dividends Paid: Quarterly; Includes Kids Savings School, Edge Savings for Teens, U Name It, and Christmas Club
When linked to Premier Checking; Balance: $0 or more; California Bay Area counties branches only
Under $10,000; Transaction Limits: Limited
- Oct 2, 20260.05%▼ from 0.25%
- Sep 27, 20260.25%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Balance: $100.00 - $2,499.99; Dividends paid quarterly
Balance: $100.00 - $2,499.99; Dividends Paid: Quarterly; Includes Kids Savings School, Edge Savings for Teens, U Name It, and Christmas Club
When linked to Prime Checking; Balance: $0 or more; California Bay Area counties branches only
Balance: $0 or more; Standard Interest Rates; California Bay Area counties branches only
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $0 or more; Standard Interest Rate; California Bay Area counties branches only
Balance: $1.00 - $499.99
Rates effective as of 10/01/2026
Paid: Quarterly
Balance: $0 - $5,000.99; Emergency Savings Rates tier 1; interest rate 4.91% on this tier; fees may reduce earnings
Balance: 0 - 5,000.99
Term: 12 months introductory promotion; New customer introductory promo; must be a new Valley National Bank customer; introductory rate is standard rate plus 0.67% for one year; online only
Balance: $10,000 required average daily balance; Paid: Monthly
- Oct 2, 20264.00%▲ from 3.75%
- Sep 27, 20263.75%▼ from 5.00%
- Sep 18, 20265.00%first recorded
Balance: $0 - $250,000
Balance: $0 - $250,000
Balance: Up to $2,500
Balance: $150,000 and over; Preferred Financial Advisor savings account; monthly rates beginning 10/01/2026; rate based on FHLB borrowing rate less 0.25%; account eligibility requires meeting with an All In Credit Union Preferred Financial Advisor
- Oct 1, 20263.88%▲ from 3.62%
- Sep 18, 20263.62%first recorded
Balance: $250,000.01 - $500,000
Balance: $250,000.01 - $500,000
Promotional Power Duo offer: earn 3.40% APY when combined with a qualifying FirstBank CD; APY = Annual Percentage Yield
Introductory rate for the first 6 months; $0 - New Deposits Only; dividend paid at 3.25% APY or 3.20% interest rate; limit 6 pre-authorized withdrawals per month
Balance: $500,000.01 - $1,000,000
Balance: $500,000.01 - $1,000,000
Balance: Over $1,000,000
Balance: All Balances
Balance: over $1,000,000
Published APY range: 2.88%-0.05%. Balance: $10,001.00 and over; Emergency Savings Rates tier 3; interest rate 0.05% on this tier; fees may reduce earnings
- Oct 14, 20262.88%▼ from 5.00%
- Sep 19, 20265.00%first recorded
Published APY range: 2.88 - 0.05%. Balance: 10,001.00+
Variable-rate account; rates may change after the account is opened.
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.
Madison, AL Savings Rate Trends
Compare local Madison, AL 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.
Alabama high-yield savings rates fell 0.159 points over the past 7 days to 2.346% APY, down from 2.506%.
Alabama standard savings rates rose 0.036 points over the past 7 days to 0.615% APY, up from 0.579%.
Madison, Alabama Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current AL 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 AL high-yield savings average of 2.346% 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 Madison, Alabama.
Savings Account Earnings in Madison, Alabama
Annual interest earnings at current AL average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.346% APY) | Monthly Earnings | Standard Savings (0.615% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $117.30 / year | $9.78 | $30.75 / year | $2.56 |
| $10,000 | $234.61 / year | $19.55 | $61.49 / year | $5.12 |
| $25,000 | $586.53 / year | $48.88 | $153.73 / year | $12.81 |
| $50,000 | $1,173.05 / year | $97.75 | $307.45 / year | $25.62 |
| 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: Madison, Alabama savings rate averages as of October 14, 2026. | ||||
About Our Madison, Alabama Savings Rate Database
MonitorBankRates found 8 institutions with branches in Madison (4 banks, 4 credit unions), plus 9 additional state-chartered and national online institutions available to Madison 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: Avadian Credit Union offers a savings account at 7.00% APY. Use the rate table above to compare all current offers in Madison, Alabama.
How to Find the Best Savings Rates in Madison, Alabama
What to compare when shopping for a savings account in Madison, Alabama
To find the best savings APYs in Madison, Alabama, start with credit unions and online-only banks: Madison, Alabama has 10 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 AL high-yield savings average is 2.346% but top local institutions are offering as high as 7.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Madison, Alabama high-yield savings rates currently average 2.346% 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 Madison, Alabama institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 17 institutions in Madison, Alabama 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 Madison, Alabama CD rates
- You want check-writing flexibility Madison, Alabama money market rates
- You need daily transaction access Madison, Alabama checking rates
Madison, Alabama Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
12.7% of residents are 65 or older, below the national average of 17.3%; a low unemployment rate of 2.2% reflects a strong local economy with solid savings capacity. At today’s AL high-yield savings average of 2.346%, saving 10% of the local median salary ($7,008/year) would earn an additional $164 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Madison, Alabama Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Madison, Alabama.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current AL Avg APY | 2.346% | 0.615% | 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 Madison, Alabama averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Madison, Alabama
At AL’s top rate of 7.00% from Avadian Credit Union, a $10,000 deposit earns $700 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Madison, Alabama earner is roughly $17,500. At 2.346% APY, saving $1,460/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsAlabama’s high-yield savings average is 2.346% 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 Madison, Alabama earner makes $70,087/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.346% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.346% APY grows to roughly $39,753 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 Madison, Alabama 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 Madison, Alabama 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 Madison, Alabama. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in AL.
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 Madison, Alabama
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Madison, Alabama safe?
How often do savings rates change in Madison, Alabama?
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 Madison, Alabama?
How do I open a savings account in Madison, Alabama?
Best Savings Rates in Madison, Alabama
- Avadian Credit Union
Centsible Savings: 7.00% APY - Redstone Federal Credit Union
Brighter Day Savings Account: 4.06% APY - Wells Fargo
Platinum Savings: 3.25% APY - Family Security Credit Union
Health Savings Account: 2.12% APY - North Alabama Educators Credit Union
Super Shares Account: 1.86% APY
Madison, Alabama Rates & Resources
