Indiana Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Indiana savings account rates range from 1.03% to 6.00% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Indiana include Beacon Credit UnionBeacon Credit Union136 Northpoint Ave, Huntington, IN 46750 7764A+5.0 ★Texas Ratio: 2.46%Real return: +3.20%APY minus 2.8% CPI (February 2026) Ownership Share at 6.00% APY, Everence Trust CompanyEverence Trust Company1110 N Main St, Goshen, IN 46528A+5.0 ★Texas Ratio: 0.00%Real return: +2.20%APY minus 2.8% CPI (February 2026) Youth savings (Tier 1) at 5.00% APY, Everence Federal Credit UnionEverence Federal Credit Union1110 N Main St, Goshen, IN 46528 2638A+5.0 ★Texas Ratio: 4.82%Real return: +2.20%APY minus 2.8% CPI (February 2026) Youth savings at 5.00% APY, SOLIDARITY COMMUNITYSOLIDARITY COMMUNITY201 E Southway Blvd, Kokomo, IN 46902 3677A+5.0 ★Texas Ratio: 1.84%Real return: +2.20%APY minus 2.8% CPI (February 2026) RevUp Savings at 5.00% APY, and Northwest Bank Warren, PANorthwest Bank Warren, PA48 N Washington St, Bloomfield, IN 47424A+5.0 ★Texas Ratio: 3.99%Real return: +1.20%APY minus 2.8% CPI (February 2026) Performance Savings at 4.00% APY.
Use the tables below to compare savings rates across Indiana side-by-side. Indiana savings rates currently reach as high as 6.00% APY from Beacon Credit Union at 136 Northpoint Ave, Huntington, IN 46750 7764. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Indiana and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Indiana
Earn on Debit Card Round Up and Share Certificate dividends (sign-up required) and other qualifying bonus dividends; APY as of 9/01/2026 if balance is above $5; promoted rate paid on entire balance maintained at $5.01 and above; no interest on balances $5.00 and below; $5.00 monthly inactivity fee applies; consumer accounts only
Balance: Up to $1,000
Balance: Up to $1,000; Youth savings account for kids under 18
Balance: $0 - $2,500
Interest is compounded and credited monthly; No minimum balance requirement; No monthly service fees; APY accurate as of March 30, 2026; Rate subject to change after account opening; Fees may reduce earnings; Available in eligible markets only
Promotional APY for first 180 days on balances greater than or equal to $10,000; balances at or below $9,999.99 earn the non-promotional rate; new personal savings clients only; Personal accounts only
- Oct 14, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Promotional 4.00% APY for first 8 months on balances of $15,000.00 or more; requires $15,000.00 in new money deposits; Balance: $15,000.00 and over; At least one account holder must be 18 years of age
- Sep 18, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Balance Optimizer; Balance: above $5,000,000
Balance: $5,000,000.01 and over; Monthly maintenance fee: $5; Average daily balance to avoid fee: $4,000; ATM card: for sole proprietors only
Balance: above $1,000,000.00; Monthly maintenance fee $5; Average daily balance to avoid fee $4,000; ATM surcharge rebate up to $10 per month
- Oct 14, 20263.88%▲ from 3.09%
- Oct 6, 20263.09%▼ from 3.88%
- Sep 30, 20263.88%first recorded
Homepage promo card; tagline: Earn up to 3.75% APY
- Oct 3, 20263.58%▲ from 2.94%
- Sep 29, 20262.94%first recorded
Balance: $200,000 & Over
Earn up to 3.50% APY when you are an account owner of a U.S. Bank Smartly Checking, Safe Debit account, or U.S. Bank Smartly Visa Signature Card and a Combined Qualifying Balance (CQB) of at least $25,000; APYs may vary by location and are accurate for accounts opened on today's date; Monthly maintenance fee $5, waivable; Restrictions apply
Balance: $250,000 and over
Balance: Balances Through $249,999.99; Minimum opening deposit $10; No minimum balance
Balance: $3,000,000 - $4,999,999
Balance: $3,000,000 and over
Minimum initial deposit $1,000 for Traditional and Roth IRA Certificates; $500 for Educational IRA Certificates
- Oct 8, 20263.30%▲ from 3.05%
- Sep 16, 20263.05%first recorded
Balance: $100,000 - $199,999
Balance: $5MM and over; Tiered rate account, minimum balance of $100,000 required to obtain the premium APY
Balance: $5,000.00 to $2,000,000.99; Disclosure Link 2 of 3; Requires open Huntington Perks Checking account; New money required
Balance: $5,000.00 to $2,000,000.99; Disclosure Link 2 of 3; Requires open Huntington Platinum Perks Checking account; New money required
Business Saving Accounts
Balance: $0 and up; Min. balance to earn dividends: $1.00; Dividends earned daily; Dividends paid at end of each month; No penalty withdrawal period: 1st 5 days of each month; Withdrawal penalty: 15 days dividends
- Oct 2, 20263.25%▲ from 3.00%
- Sep 15, 20263.00%first recorded
Balance: $0 and up; Dividends earned each Day, paid at end of each Month; No penalty withdrawal period: Any time; Withdrawal penalty on amount:
- Oct 2, 20263.25%▲ from 3.00%
- Sep 15, 20263.00%first recorded
Balance: $1,000,000 - $2,999,999
Balance: $1,000,000 - $2,999,999
Balance: $0.00 - $1,000,000.00; Monthly maintenance fee $5; Average daily balance to avoid fee $4,000; ATM surcharge rebate up to $10 per month
Balance: $25,000 - $99,999
Our uncapped, high-yield, savings account gives you the flexibility of a savings account without locking up your savings in a long-term investment!
Balances $25,000+
Balance: Up to $1,000
Balance: $100,000
Available to members up to age 25. Upon turning age 26, account will become a Standard Savings Account. Limited to one Livin' Free Savings Account per individual tax owner. Rates are variable and set by the Board of Directors on a monthly basis. Dividends are calculated on the daily balance, compounded monthly, and credited to the account at the end of the month. Dividends begin to accrue upon deposit. Variable rate account, rate is subject to change anytime after account opening. Fees could reduce earnings. Please see our Fee Disclosure Statement for further information about fees potentially related to these accounts. APY=Annual Percentage Yield. Deposit accounts are insured by account ownership up to $250,000 by the NATIONAL CREDIT UNION ADMINISTRATION.
Balance: Up to $1,000; Earn higher dividends on the first $1,000 in the account
Qualifications Required: Direct deposits totaling at least $2,000 into a consumer checking account; Dividends will be paid monthly on your Boost Savings account balance if you have direct deposits totaling at least $2,000 going into a consumer checking account (excluding HSAs) under the same Everwise membership as the Boost Savings during the prior dividend period. Dividends will be paid automatically for the first two (2) dividend periods starting from the account opening date. After the first two initial dividend periods, dividends will be paid based upon meeting the Boost Dividend Qualifications. After that, if you do not meet the Boost Dividend Qualifications during a dividend period, no dividends (0.00%) will be paid for that period.
Qualifications Required; Balance: $0-$100,000; Qualifying balance up to $100,000.00
Balance: $75,000 - $249,999.99
Balance: $0 to $500; Dividend distribution: Monthly
Balance: $0.00 - $5,000,000.00; Monthly maintenance fee: $5; Average daily balance to avoid fee: $4,000; ATM card: for sole proprietors only
Base rate paid monthly requires minimum average daily balance of $5,000 in the Relationship Savings account; additional relationship rate paid monthly if all additional requirements are met the previous month; requires personal checking account, debit card, and minimum $10,000 between all deposit accounts with at least $5,000 in Relationship Savings as of 12 a.m. on the first of the month; limited to one account per personal tax ID; must qualify for membership and checking account
- Oct 14, 20262.85%▲ from 2.75%
- Oct 12, 20262.75%▼ from 2.85%
- Oct 3, 20262.85%▲ from 2.75%
- Sep 20, 20262.75%first recorded
Balance: $250,000.00 and above; Qualifications Met
Balance: $25,000 - $99,999.99; Tiered rate account, minimum balance of $100,000 required to obtain the premium APY
Qualifications Required; Balance: $0 to $50,000; Qualifying balance up to $50,000.00
Balance: $250,000 and over
Balance to earn dividends: $250,000
Balance: $0-$2,000.00
- Sep 29, 20262.53%▲ from 2.27%
- Sep 14, 20262.27%first recorded
Balance: $10,000 - $24,999
Balance: $15,000.00 - $24,999.99
Balance: $25,000.01 and over; $10.00 Per Month Service Charge if Balance is Below $1,000.00 per Statement Cycle
Qualifications Required; Qualifying balance up to $100,000.00; Pair with High Tide or Splash Back Checking; Balances over $100,000 earn 2.50% to 1.50% APY depending on balance
- Oct 12, 20262.50%▲ from 0.05%
- Sep 25, 20260.05%first recorded
Share Accounts
Balance: $50,000 - $74,999.99
Balance: $2,500 - $5,000
- Sep 27, 20262.50%▼ from 5.00%
- Sep 22, 20265.00%▲ from 2.50%
- Sep 18, 20262.50%▼ from 5.00%
- Sep 14, 20265.00%first recorded
Balance: $25,000 - $49,999
Published APY range: 2.40%-4.00%; Published rate range: 2.38%-3.94%. Balance: $5,000.00 - $2,000,000.99; Rates based on zip code; Huntington Relationship Savings Account; variable rate after opening a Huntington Relationship Savings Account when you maintain deposits of $5,000.00 - $2,000,000.99; Initial minimum opening deposit must be New Money; Balances $2,000,001.00 and above earn 0.01% APY; Balances below $5,000.00 earn 0.01% APY; Balances below $2,500 may be subject to a $10.00 monthly maintenance fee
Balance: Over $250,000.00
Balance: $10,000.01 - $25,000.00; $10.00 Per Month Service Charge if Balance is Below $1,000.00 per Statement Cycle
Variable rate; With qualifying activities; $200 daily balance to avoid a $5 monthly maintenance fee; New money only; Open new Statement Savings Advanced account and deposit new money at account opening
Balance: $150,000.00 and over; Account Service Fee $5.00 monthly, waived with minimum balance of $200.00 per month; Individuals only; Offer valid beginning September 25, 2026
- Oct 14, 20262.00%▲ from 1.65%
- Sep 18, 20261.65%first recorded
Balance: $75,001 +
Balance: $5,000.00 - $14,999.99
Balance: $100,000.01 - $250,000.00
Balance: $500,000.00 and over; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one Direct Savings account per household
Balance: $500,000.00 and over; New customers or new funds only; Compounded daily, credited quarterly; $3.00 monthly service charge if $300.00 minimum balance not maintained; Limit one per household; APY effective September 1, 2026
Balance: $250,000.00 - $499,999.99; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one Direct Savings account per household
Balance: $50,001 - $75,000
Balance: $250,000.00 - $499,999.99; New customers or new funds only; Compounded daily, credited quarterly; $3.00 monthly service charge if $300.00 minimum balance not maintained; Limit one per household; APY effective September 1, 2026
Balance: $100,000.00 - $249,999.99; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one Direct Savings account per household
Balance: $0 - $99,999.99; Direct Savings only available for new customers or deposits of new funds not currently held with F&M Bank; Limit one Direct Savings account per household
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.
Indiana Savings Rate Trends
Compare local Indiana 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.
Indiana high-yield savings rates rose 0.023 points over the past 7 days to 2.372% APY, up from 2.349%.
Indiana standard savings rates rose 0.019 points over the past 7 days to 0.370% APY, up from 0.350%.
Indiana Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current IN 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 IN high-yield savings average of 2.372% 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 Indiana.
Savings Account Earnings in Indiana
Annual interest earnings at current IN average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.372% APY) | Monthly Earnings | Standard Savings (0.370% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $118.60 / year | $9.88 | $18.49 / year | $1.54 |
| $10,000 | $237.19 / year | $19.77 | $36.97 / year | $3.08 |
| $25,000 | $592.98 / year | $49.42 | $92.43 / year | $7.70 |
| $50,000 | $1,185.95 / year | $98.83 | $184.85 / year | $15.40 |
| 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: Indiana savings rate averages as of October 14, 2026. | ||||
About Our Indiana Savings Rate Database
MonitorBankRates tracks 317 savings rates from 18 banks and 20 credit unions offering savings accounts to Indiana residents, including community institutions, regional banks, and national online options. 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: Beacon Credit Union offers a savings account at 6.00% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Indiana.
How to Find the Best Savings Rates in Indiana
What to compare when shopping for a savings account in Indiana
To find the best savings APYs in Indiana, start with credit unions and online-only banks: Indiana has 20 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 IN high-yield savings average is 2.372% but top local institutions are offering as high as 6.00%, 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. Indiana high-yield savings rates currently average 2.372% 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 Indiana institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 38 institutions in Indiana 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 Indiana CD rates
- You want check-writing flexibility Indiana money market rates
- You need daily transaction access Indiana checking rates
Indiana Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
16.8% of residents are 65 or older, below the national average of 17.3%. At today’s IN high-yield savings average of 2.372%, saving 10% of the local median salary ($4,324/year) would earn an additional $103 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Indiana Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Indiana.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current IN Avg APY | 2.372% | 0.370% | 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 Indiana 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 Indiana
At IN’s top rate of 6.00% from Beacon Credit Union, a $10,000 deposit earns $600 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Indiana earner is roughly $10,800. At 2.372% APY, saving $900/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsIndiana’s high-yield savings average is 2.372% 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 Indiana earner makes $43,243/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.372% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.372% APY grows to roughly $39,954 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 Indiana 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 Indiana 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 Indiana. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in IN.
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 Indiana
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Indiana safe?
How often do savings rates change in Indiana?
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 Indiana?
How do I open a savings account in Indiana?
Best Savings Rates in Indiana
- Beacon Credit Union
Ownership Share: 6.00% APY - Everence Trust Company
Youth savings (Tier 1): 5.00% APY - Everence Federal Credit Union
Youth savings: 5.00% APY - SOLIDARITY COMMUNITY
RevUp Savings: 5.00% APY - Northwest Bank Warren, PA
Performance Savings: 4.00% APY
Cities in Indiana
