Topeka, Kansas Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Topeka, Kansas savings account rates range from 0.05% to 5.25% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Topeka, Kansas and the surrounding area include The Bennington State BankThe Bennington State Bank3001 Sw Wanamaker Rd, Topeka, KS 66614A+5.0 ★Texas Ratio: 1.98%Real return: +2.30%APY minus 2.8% CPI (February 2026) Round It Up Savings at 5.10% APY, Communication Federal Credit UnionCommunication Federal Credit Union1015 SW Wanamaker Rd, Topeka, KS 66604 3806A5.0 ★Texas Ratio: 6.32%Real return: +0.95%APY minus 2.8% CPI (February 2026) Blue Savings for Business at 3.75% APY, US BankUS Bank719 S Kansas Ave, Topeka, KS 66603A+5.0 ★Texas Ratio: 2.85%Real return: +0.70%APY minus 2.8% CPI (February 2026) Bank Smartly Savings Account at 3.50% APY, Silver Lake BankSilver Lake Bank201 Nw Us Highway 24, Topeka, KS 66608A+5.0 ★Texas Ratio: 0.02%Real return: -0.80%APY minus 2.8% CPI (February 2026) Free Kasasa Saver Savings at 2.00% APY, and Denison State BankDenison State Bank3640 Sw Fairlawn Rd, Topeka, KS 66614A+5.0 ★Texas Ratio: 4.40%Real return: -1.55%APY minus 2.8% CPI (February 2026) Money Market Savings at 1.25% APY.
Topeka has 48 local institutions in our database, with savings rates as high as 5.10% APY from The Bennington State Bank at 3001 Sw Wanamaker Rd, Topeka, KS 66614. Use the table below to compare all available offers, including options from institutions serving the broader Kansas area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Topeka, Kansas and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Topeka, Kansas & Surrounding Communities
Save money automatically by using your BSB debit card. Interest rate may change at bank's discretion. The annual percentage yield is accurate as of September 18, 2026. No minimum balance required to obtain the advertised annual percentage yield. No minimum opening deposit. Fees could reduce earnings.
Balance: $0 - $2,500,000
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank SmartlyTM Visa Signature Card and a CQB of at least $25,000. APYs may vary by location and are accurate for accounts opened on today's date. Restrictions apply.
Qualifications Required: Qualifications Required; 2.00% APY* on balances up to $50,000; 0.05% APY* if qualifications are not met in your free Kasasa checking account; 2.00% to 0.87% APY on balances over $50,000 depending on balance in account*
Balance: $0 - $50,000; Kasasa Saver***; Qualifications Required; ***
Balance: Balances $100,000.00 to $249,999.99
Balances over $100 earn dividends
Balance: Balances $50,000.00 to $99,999.99
Balance: $50,001 or more; Kasasa Saver***; Qualifications Required; ***
Balance: 0 to $50,000
Balance: Balances $25,000.00 to $49,999.99
Published APY range: 0.45% - 0.48%. Balance: $25,000.01 - $250,000.00
Balance: $100,000 and Above; Rate Type: Variable; IRA & HSA Rates
Balance: $50,000 - $99,999.99; Rate Type: Variable; IRA & HSA Rates
Balance: Balances up to $2,499.99
Balance: $25,000 - $49,999.99; Rate Type: Variable; IRA & HSA Rates
Balance: $10,000 - $24,999.99; Rate Type: Variable; IRA & HSA Rates
Rate may change after the account is opened
Balance: $25,000 - and over
Balance: $5,000 - $9,999.99; Rate Type: Variable; IRA & HSA Rates
Balance: $50,000+
Rates effective September 30, 2026
Balance: $0 - $24,999
All Balances
Balance: $10,000+
Balance: $0.01 to $1,499.99
Personal
Balance: Over $0; Rate Type: Variable
Balance: $0 - $4,999.99; Rate Type: Variable; IRA & HSA Rates
Balance: $5 and Above
0.05% APY* if qualifications are not met in your free Kasasa checking account
If monthly qualifications are not met***; Kasasa Saver***
Balance: Below $9,999.99
Balance: $2,500 - $9,999
Balance: $0-$1,000; Credited and compounded quarterly
Balance: $0 - $2,499.99
Balance: $1.00 - $2,500.00
Balance: $1.00 - $2,500.00
Dividend compounded quarterly; Effective: October 1, 2026
Dividend compounded quarterly; Effective: October 1, 2026
Dividend compounded quarterly; Effective: October 1, 2026
Balance: $.01 - $500.00
Balance: $100,000 - $249,999
Balance: $1,000,000.00 +
Balance: $1,000,000.00 +**
If *POS transaction requirements met: APY is 3.66% for daily balances up to $250,000. The APY ranges from 0.30% to 3.66%, depending on the account balance, for daily balances over $250,000. The 0.30% interest rate will be paid only for the portion of your daily balance that is greater than $250,000. Balance: $1 - $250,000; To Avoid Fees: If less than 18 *POS transactions post to your Elite Checking account during the monthly statement cycle: The APY is 0.30% for the entire account balance for the statement cycle.
Requires an open Premium Perks Checking Account; $5,000.00 minimum balance to open and to earn the advertised APY
Balance: $0.01 to $50,000.00
Balance: $15,000 and over; Dividend Rate no less than U.S. Prime index minus 4.00%
- Oct 9, 20263.04%▲ from 2.78%
- Sep 14, 20262.78%first recorded
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.
Topeka, KS Savings Rate Trends
Compare local Topeka, KS 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.
Kansas high-yield savings rates fell 0.050 points over the past 7 days to 1.723% APY, down from 1.773%.
Kansas standard savings rates fell 0.008 points over the past 7 days to 0.386% APY, down from 0.394%.
Topeka, Kansas Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current KS 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 KS high-yield savings average of 1.723% 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 Topeka, Kansas.
Savings Account Earnings in Topeka, Kansas
Annual interest earnings at current KS average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.723% APY) | Monthly Earnings | Standard Savings (0.386% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $86.17 / year | $7.18 | $19.30 / year | $1.61 |
| $10,000 | $172.34 / year | $14.36 | $38.59 / year | $3.22 |
| $25,000 | $430.85 / year | $35.90 | $96.48 / year | $8.04 |
| $50,000 | $861.70 / year | $71.81 | $192.95 / year | $16.08 |
| 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: Topeka, Kansas savings rate averages as of October 14, 2026. | ||||
About Our Topeka, Kansas Savings Rate Database
MonitorBankRates found 12 institutions with branches in Topeka (7 banks, 5 credit unions), plus 15 additional state-chartered and national online institutions available to Topeka 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: The Bennington State Bank offers a savings account at 5.10% APY. Use the rate table above to compare all current offers in Topeka, Kansas.
How to Find the Best Savings Rates in Topeka, Kansas
What to compare when shopping for a savings account in Topeka, Kansas
To find the best savings APYs in Topeka, Kansas, start with credit unions and online-only banks: Topeka, Kansas has 13 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 KS high-yield savings average is 1.723% but top local institutions are offering as high as 5.10%, 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. Topeka, Kansas high-yield savings rates currently average 1.723% 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 Topeka, Kansas institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 27 institutions in Topeka, Kansas report savings rates to our database.
- You’re among Topeka, Kansas’s 18.4% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 Topeka, Kansas CD rates
- You want check-writing flexibility Topeka, Kansas money market rates
- You need daily transaction access Topeka, Kansas checking rates
Topeka, Kansas Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
18.4% of residents are 65 or older, in line with the national average of 17.3%. At today’s KS high-yield savings average of 1.723%, saving 10% of the local median salary ($3,924/year) would earn an additional $68 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Topeka, Kansas Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Topeka, Kansas.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current KS Avg APY | 1.723% | 0.386% | 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 Topeka, Kansas 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 Topeka, Kansas
At KS’s top rate of 5.10% from The Bennington State Bank, a $10,000 deposit earns $510 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Topeka, Kansas earner is roughly $9,800. At 1.723% APY, saving $820/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsKansas’s high-yield savings average is 1.723% 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 Topeka, Kansas earner makes $39,243/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.723% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.723% APY grows to roughly $35,185 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 Topeka, Kansas 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 Topeka, Kansas 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 Topeka, Kansas. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in KS.
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 Topeka, Kansas
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Topeka, Kansas safe?
How often do savings rates change in Topeka, Kansas?
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 Topeka, Kansas?
How do I open a savings account in Topeka, Kansas?
Best Savings Rates in Topeka, Kansas
- The Bennington State Bank
Round It Up Savings: 5.10% APY - Communication Federal Credit Union
Blue Savings for Business: 3.75% APY - US Bank
Bank Smartly Savings Account: 3.50% APY - Silver Lake Bank
Free Kasasa Saver Savings: 2.00% APY - Denison State Bank
Money Market Savings: 1.25% APY
Topeka, Kansas Rates & Resources
