Madison, Alabama Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Madison, Alabama savings account rates range from 0.01% to 7.00% APY, verified by MonitorBankRates as of October 13, 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, UNIFY Financial Federal Credit UnionUNIFY Financial Federal Credit Union9000 Greenbrier Pkwy NW, Madison, AL 35756 4453A-5.0 ★Texas Ratio: 14.54%Real return: +2.20%APY minus 2.8% CPI (February 2026) High Interest Savings at 5.00% 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, 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 66 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 13, 2026
Compare the Best Savings Rates in Madison, Alabama & Surrounding Communities
Balance: $0.01 - $1000.00
Balance: $1.00 - $2,500.00
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
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
Balance: $1,000.01 or greater
Balance: $25,000 - $74,999.99
Balance: $2,500 - $24,999.99
- Oct 9, 20260.65%▲ from 0.50%
- Sep 14, 20260.50%first recorded
Balance: $0.01 - $2,499.99
Balance: $10,000.00 or more
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
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
Balance: $75,000.00 and Above; Dividends Paid: Quarterly
Quarterly service charge is refunded within 3 business days when linked to Essential Checking account or Advantage Checking account or if the daily balance is at least $250. Otherwise a $5 quarterly service charge will be applied. Interest is compounded daily and posted quarterly. An account can be linked to a First Horizon Bank checking account to provide 24-hour access to funds through the ATM. FDIC insured up to $250,000 * . Link to checking for overdraft protection . Accessible via Digital Banking . Convenient Automatic Savings Service with recurring transfers between accounts via Digital Banking. APY ** Annual Percentage Yield effective 9/28/26. APY is variable and subject to change. Fees may reduce earnings.
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
Balance: $25,001 and above
Balance: $25,000.00 - $74,999.99; Dividends Paid: Quarterly
Balance: less than $10,000
Under $10,000; Transaction Limits: Limited
Balance: $50,000 - $99,999
Balance: $0 - $24,999
Balance: $2,500.00 - $24,999.99
Balance: $2,500.00 - $24,999.99; Dividends Paid: Quarterly
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.05%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.05%
- Sep 18, 20260.05%first recorded
Balance: $0+
Transaction Limits: Limited
- Oct 2, 20260.05%▼ from 0.25%
- Sep 27, 20260.25%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Balance: $9,999.99 or less
Balance: $50,000.00 - $99,999.99
Balance: $50,000.00 - $99,999.99
Balance: $50,000.00 - $99,999.99
Balance: $50,000.00 - $99,999.99
Balance: $100.00 - $2,499.99
Balance: $100.00 - $2,499.99; Dividends Paid: Quarterly
Balance: $2,500.01 - or more
Balance: $1.00 - $9,999.99
Balance: $10,000.00 - $24,999.99
Balance: $0.00 - $9,999.99
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Oct 7, 20260.02%▲ from 0.01%
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $1.00 - $9,999.99
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
- Sep 27, 20260.01%▼ from 0.02%
- Sep 18, 20260.02%first recorded
Balance: $0+
Balance: $1.00 - $499.99
Balance: $1.00 - $9,999.99
Balance: $1.00 - $9,999.99
Rates effective as of 10/01/2026
Annual Percentage Yield effective as of 10/17/2024. Rate may change after the account is opened. An interest rate of 0.05% will be paid only for that portion of your daily collected balance that is greater than $3,000.00. Interest will accrue on transferred funds during the cycle and will be credited to the account at the end of the 12-month cycle.
5.00% APY* on the first $5,000 in your account
Balance: 0 - 5,000.99
Rate Information: This Account is an interest bearing account. If the daily balance is less than $5,000.01, the interest rate paid on that portion of the balance will be 4.91%. The annual percentage yield for this tier will be 5.00%. If the daily balance is more than $5,000.00, but less than $10,000.01, the interest rate paid on that portion of the balance will be 0.75%. The annual percentage yield for this tier will range from 5.00% to 2.88%. If the daily balance is more than $10,000.00, the interest rate paid on that portion of the balance will be 0.05%. The APY for this tier will range from 2.88% to 0.05%. APY effective as of 2/09/26. Interest rate may change after account is opened. Annual percentage yield subject to change. At our discretion, we may change the interest rate on the account as often as daily. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest. Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year. Limitations: You must deposit $50.00 to open this account. There is no limitation for withdrawals or transfers, but a fee of $5.00 per withdrawal is assessed, in excess of 2 per month. Account Fees: A $50.00 minimum daily balance is required to avoid a monthly service charge of $5.00. Fees could reduce earnings on the account.
Introductory promo for new customers. Introductory Interest Rate is determined by adding 0.67% to the variable interest rate paid on the Valley Direct High Yield Savings account (the "Standard Interest Rate"). The Introductory Interest Rate, Standard Interest Rate and APY are variable and may change after the account is opened.
Earn 3.40% APY when you combine Companion Savings with a qualifying FirstBank CD.
Published APY range: 2.88 - 0.05%. Balance: 10,001.00+
Co-owned with parent or guardian Complimentary Kids Savings stackable money bank and passbook at new account opening
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 10 institutions with branches in Madison (5 banks, 5 credit unions), plus 6 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 6 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: 16 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 - UNIFY Financial Federal Credit Union
High Interest Savings: 5.00% APY - Redstone Federal Credit Union
Brighter Day Savings Account: 4.06% 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
