Richwood, Louisiana Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Richwood, Louisiana savings account rates range from 0.15% to 7.00% APY, verified by MonitorBankRates as of October 12, 2026. The best savings rates for Richwood, Louisiana and the surrounding area include FsnbFsnbA+5.0 ★Texas Ratio: 4.08%Real return: +4.20%APY minus 2.8% CPI (February 2026) Cents-able Savings at 7.00% APY, Instep Credit UnionInstep Credit UnionA5.0 ★Texas Ratio: 10.22%Real return: +1.29%APY minus 2.8% CPI (February 2026) Kids & Teen Savings at 4.09% APY, CENTRICCENTRICA5.0 ★Texas Ratio: 8.07%Real return: +1.20%APY minus 2.8% CPI (February 2026) Business Money Market Savings at 4.00% APY, Baton Rouge Telco Federal Credit UnionBaton Rouge Telco Federal Credit UnionA+5.0 ★Texas Ratio: 2.39%Real return: +1.05%APY minus 2.8% CPI (February 2026) Premier Savings at 3.85% APY, and Willis Knighton Federal Credit UnionWillis Knighton Federal Credit UnionA+5.0 ★Texas Ratio: 1.11%Real return: +1.00%APY minus 2.8% CPI (February 2026) Share Draft/Checking at 3.80% APY.
Richwood is a smaller community with no bank or credit union branches currently in our database. 75 institutions serving the Louisiana area are available to Richwood residents, with savings rates as high as 7.00% APY from Fsnb. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Richwood, Louisiana and the surrounding area. Last Updated and Verified: October 12, 2026
Compare the Best Savings Rates in Richwood, Louisiana & Surrounding Communities
Balance: $50,000+
Balance: $50,000+
Fees may reduce earnings on the account.
- Oct 4, 20263.85%▲ from 3.60%
- Sep 25, 20263.60%first recorded
Balance: Under $3,000
Balance: $0.00 - $299.99; Only 6 outside debits per month - this includes Internet Transfers
Balance: $50.01 - $5,000.00
Balance: $1,000,000+
Balance: $50,000
Balance: $1,000+
Balance: Under $3,000
Minimum: $0 - New Deposits Only; for the first 6 months.
Balance: $500,000 - $999,999.99
APY (Annual Percentage Yield) is variable and effective 10/6/2026.
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
On balances of $25,000+
Available in-branch only. You must maintain an average daily balance of $100,000 to earn the annual percentage yield stated; on a balance below $100,000 you would earn the Personal Statement Savings annual percentage yield.
- Oct 4, 20263.00%▲ from 2.75%
- Sep 14, 20262.75%first recorded
Balance: $250,000 - $499,999.99
Balance: $500,000 - $999,999; Dividends Paid Monthly; Fees could reduce earnings on all accounts. APY accurate as of 5/27/2026.
Balance: $100,000 - $249,999.99
Balance: $250,000 - $499,999; Dividends Paid Monthly; Fees could reduce earnings on all accounts. APY accurate as of 5/27/2026.
Balance: $100,000 - $249,999; Dividends Paid Monthly; Fees could reduce earnings on all accounts. APY accurate as of 5/27/2026.
Balance: $25,000 - $99,999.99
Balance: $25,000 - $99,999; Dividends Paid Monthly; Fees could reduce earnings on all accounts. APY accurate as of 5/27/2026.
Balance: $1,000,000 and over
Balance: $500.00 and up
Balance: $500,000 - $999,999
Balance: $250,000 - $499,999
Balance: $100,000 - $249,999
Balance: $50,000 and over
Balance: $25,000 +
Balance: $0.00 to $25,000.00*
Balance: $10,000 - $24,999.99
No Minimum balance required
Balance: $25,000 - $49,999
Balance: $10,000 - $24,999
Balances $50,000.00 or more; Tier Three
Balance: Any balance
Monthly Service Charge: $5.95 if Daily Balance falls below $100.00
Account is allowed up to 6 transfers each month. Each additional transfer is subject to a fee of $15.
Requires an adult joint owner. This account serves individuals between ages 14-17. Account is allowed up to 6 transfers each month. Each additional transfer is subject to a fee of $15.
Balances $5,000.00 to $49,999.99; Tier Two
Monthly Service Charge: $5 Waived with $300 minimum daily balance. Account is allowed up to 6 transfers each month. Each additional transfer is subject to a fee of $15.
Balance: $10,000.00 or more
Over $10,000; Transaction Limits: Limited
Transaction Limits: Limited
- Oct 2, 20260.30%▲ from 0.05%
- Sep 27, 20260.05%▼ from 0.30%
- Sep 14, 20260.30%first recorded
Balance: Balances greater than $1,000,000
Balances less than $5,000.00; Tier One
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.
Balance: less than $10,000
Under $10,000; Transaction Limits: Limited
Balance: $50,000 - $99,999
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.
Richwood, LA Savings Rate Trends
Compare local Richwood, LA 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.
Louisiana high-yield savings rates rose 0.014 points over the past 7 days to 2.546% APY, up from 2.532%.
Louisiana standard savings rates fell 0.062 points over the past 7 days to 0.365% APY, down from 0.427%.
Richwood, Louisiana Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current LA 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 LA high-yield savings average of 2.546% 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 Richwood, Louisiana.
Savings Account Earnings in Richwood, Louisiana
Annual interest earnings at current LA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.546% APY) | Monthly Earnings | Standard Savings (0.365% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $127.32 / year | $10.61 | $18.27 / year | $1.52 |
| $10,000 | $254.64 / year | $21.22 | $36.53 / year | $3.04 |
| $25,000 | $636.60 / year | $53.05 | $91.33 / year | $7.61 |
| $50,000 | $1,273.20 / year | $106.10 | $182.65 / year | $15.22 |
| 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: Richwood, Louisiana savings rate averages as of October 12, 2026. | ||||
About Our Richwood, Louisiana Savings Rate Database
MonitorBankRates tracks savings rate offers from 37 banks and credit unions available to Richwood, Louisiana residents via statewide and national offers. No branch locations physically in Richwood are currently in our database, but all listed offers are open to Richwood depositors. 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: Fsnb offers a savings account at 7.00% APY with a minimum deposit of $5. Use the rate table above to compare all current offers in Richwood, Louisiana.
How to Find the Best Savings Rates in Richwood, Louisiana
What to compare when shopping for a savings account in Richwood, Louisiana
To find the best savings APYs in Richwood, Louisiana, start with credit unions and online-only banks: Richwood, Louisiana has 23 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 LA high-yield savings average is 2.546% 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. Richwood, Louisiana high-yield savings rates currently average 2.546% 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 Richwood, Louisiana institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 37 institutions in Richwood, Louisiana 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 Richwood, Louisiana CD rates
- You want check-writing flexibility Richwood, Louisiana money market rates
- You need daily transaction access Richwood, Louisiana checking rates
Richwood, Louisiana Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
6.5% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 9.1% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s LA high-yield savings average of 2.546%, saving 10% of the local median salary ($2,078/year) would earn an additional $53 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Richwood, Louisiana Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Richwood, Louisiana.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current LA Avg APY | 2.546% | 0.365% | 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 Richwood, Louisiana averages tracked in our database as of October 12, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Richwood, Louisiana
At LA’s top rate of 7.00% from Fsnb, 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 Richwood, Louisiana earner is roughly $5,200. At 2.546% APY, saving $430/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsLouisiana’s high-yield savings average is 2.546% 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 Richwood, Louisiana earner makes $20,787/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.546% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.546% APY grows to roughly $41,338 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 Richwood, Louisiana 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 Richwood, Louisiana 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 Richwood, Louisiana. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in LA.
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 Richwood, Louisiana
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Richwood, Louisiana safe?
How often do savings rates change in Richwood, Louisiana?
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 Richwood, Louisiana?
How do I open a savings account in Richwood, Louisiana?
Best Savings Rates in Richwood, Louisiana
- Fsnb
Cents-able Savings: 7.00% APY - Instep Credit Union
Kids & Teen Savings: 4.09% APY - CENTRIC
Business Money Market Savings: 4.00% APY - Baton Rouge Telco Federal Credit Union
Premier Savings: 3.85% APY - Willis Knighton Federal Credit Union
Share Draft/Checking: 3.80% APY
Richwood, Louisiana Rates & Resources
