Silver Spring, Maryland Savings Rates - October 2026
Brian McKay
Brian McKay
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Silver Spring, Maryland savings account rates range from 0.01% to 4.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Silver Spring, Maryland and the surrounding area include EagleBankEagleBank8677 Georgia Ave, Silver Spring, MD 20910A5.0 ★Texas Ratio: 11.84%Real return: +1.20%APY minus 2.8% CPI (February 2026) High-Yield Savings Account at 4.00% APY, Educational Systems Federal Credit UnionEducational Systems Federal Credit Union13711 Georgia Ave, Silver Spring, MD 20906A+5.0 ★Texas Ratio: 3.40%Real return: +0.70%APY minus 2.8% CPI (February 2026) High Yield Savings Accounts Tier Five at 3.50% APY, HEMA Federal Credit UnionHEMA Federal Credit Union8701 Georgia Ave Ste 407, Silver Spring, MD 20910 3713A+5.0 ★Texas Ratio: 2.38%Real return: +0.50%APY minus 2.8% CPI (February 2026) Wellness Builder Savings Account at 3.30% APY, Capital One BankCapital One Bank8315 Georgia Ave, Silver Spring, MD 20910A5.0 ★Texas Ratio: 7.00%Real return: +0.30%APY minus 2.8% CPI (February 2026) 360 Performance Savings at 3.10% APY, and Citizens AccessCitizens Access8252 Georgia Ave, Silver Spring, MD 20910A+5.0 ★Texas Ratio: 5.44%Real return: +0.00%APY minus 2.8% CPI (February 2026) Savings account at 2.80% APY.
Silver Spring has 55 local institutions in our database, with savings rates as high as 4.00% APY from EagleBank at 8677 Georgia Ave, Silver Spring, MD 20910. Use the table below to compare all available offers, including options from institutions serving the broader Maryland area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Silver Spring, Maryland and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Silver Spring, Maryland & Surrounding Communities
This is a variable rate account. Rates are subject to change at any time without notice and are not guaranteed until the account is opened. Fees may reduce earnings. You may add a joint owner after your application is approved.
Balance: $250,000.01 and over; Open Now
Balance: $5.00 to $19,999; Only ONE Wellness Builder Savings Account per member; One (1) free withdrawal per month; $25 excess withdrawal fee
- Oct 5, 20263.30%▲ from 3.04%
- Sep 14, 20263.04%first recorded
Balance: $100,000.01 and over; Open Now
APY (Annual Percentage Yield) is variable and effective 10/6/2026.
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $50,000.01 and over; Open Now
2.80% APY for balances of $0.01 - $4,999.99; 2.80% APY for balances of $5,000 or more.
Balance: $1,000.01 and over; Open Now
Balance: $0.00 - $1,000.00; Open Now
Balance: $0 - $9,999.99
daily balances up to and including $100,000.00 earn a dividend rate of 1.982% resulting in an APY of 2.00%; and daily balances over $100,000.00 earn a dividend rate of 0.25% on the portion of the daily balance over $100,000.00, resulting in a range from 2.00% to 1.13% APY depending on the Advantage Savings account's daily balance. ATM transaction fees are not reimbursed nor refunded.
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- Sep 27, 20261.93%▲ from 1.68%
- Sep 24, 20261.68%first recorded
Visit or Call
- Sep 27, 20261.93%▲ from 1.68%
- Sep 24, 20261.68%first recorded
Balance: $10,000 - $24,999.99
Balance: $20,000 - $49,999; Only ONE Wellness Builder Savings Account per member; One (1) free withdrawal per month; $25 excess withdrawal fee
Balance: $25,000 - $49,999.99
Balance: $0.01 - $500.00
Balance: $0 - $9,999.99; Tiered savings account with no minimum account balance required
Balance: $100,000+
Balance: $25,000 - $49,999.99
Balance: $500.01 and above; Blended rate calculated based on $1,000 above $500
Balance: $50,000 - $99,999.99
Annual Percentage Yield
Annual Percentage Yield
Balance: $100,000+
Balance: $25,000+
Balance: $10,000 - $24,999.99
Balance: $50,000 or more; Only ONE Wellness Builder Savings Account per member; One (1) free withdrawal per month; $25 excess withdrawal fee
Minimum Balance:
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+
Balance: $0.00 - $9,999.99
the entire daily balance in the Advantage Savings account earns 0.05% APY.
0.05% dividend rate; Minimum $100 required to earn dividends; Required for all business accounts; Monthly fee:; Transfer fee: $5 (savings to checking)
Rate = Dividend Rate
Members with only a Regular Savings are subject to a minimum balance requirement; limit of one Regular Savings per membership; Rate = Dividend Rate
Rate = Dividend Rate
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
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
Rates are accurate as of 7/1/2025 and may change after the account is opened. Fees for ATM transactions at foreign (non-Primis) ATMs will be refunded to your account on the 15 of the month. Fees may reduce earnings. This account is only available online.
Competitive APY. These accounts are only available online.
Earn 3.75% APY* on Daily Balances when you Maintain an Advantage Checking Account. Earn 3.25% APY* without an Advantage Checking Account.
Balance: $250,000+
Balance: $1,000,000; Compounding Frequency: Daily
Balance: $1,000,000.00 and above
Balance: $1,000,000.00 and above
Balance: $750,000.00 - $999,999.99
Balance: $500,000.00 - $749,999.99
Balance: $750,000.00 - $999,999.99
Balance: $250,000.00 - $499,999.99
Balance: $500,000.00 - $749,999.99
Balance: $10,000 - $99,999
Compounding Frequency: Daily
- Oct 3, 20262.50%▲ from 2.40%
- Sep 7, 20262.40%first recorded
Balance: $250,000.00 - $499,999.99
Balance: $0 - $9,999
Balance: $100,000.00 - $249,999.99
Balance: $50,000.00 - $99,999.99
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.
Silver Spring, MD Savings Rate Trends
Compare local Silver Spring, MD 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.
Maryland high-yield savings rates fell 0.060 points over the past 7 days to 1.987% APY, down from 2.046%.
Maryland standard savings rates rose 0.028 points over the past 7 days to 0.502% APY, up from 0.474%.
Silver Spring, Maryland Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MD 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 MD high-yield savings average of 1.987% 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 Silver Spring, Maryland.
Savings Account Earnings in Silver Spring, Maryland
Annual interest earnings at current MD average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.987% APY) | Monthly Earnings | Standard Savings (0.502% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $99.33 / year | $8.28 | $25.09 / year | $2.09 |
| $10,000 | $198.66 / year | $16.56 | $50.17 / year | $4.18 |
| $25,000 | $496.65 / year | $41.39 | $125.43 / year | $10.45 |
| $50,000 | $993.30 / year | $82.77 | $250.85 / year | $20.90 |
| 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: Silver Spring, Maryland savings rate averages as of October 14, 2026. | ||||
About Our Silver Spring, Maryland Savings Rate Database
MonitorBankRates found 15 institutions with branches in Silver Spring (7 banks, 8 credit unions), plus 6 additional state-chartered and national online institutions available to Silver Spring 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: EagleBank offers a savings account at 4.00% APY with a minimum deposit of $1,000. Use the rate table above to compare all current offers in Silver Spring, Maryland.
How to Find the Best Savings Rates in Silver Spring, Maryland
What to compare when shopping for a savings account in Silver Spring, Maryland
To find the best savings APYs in Silver Spring, Maryland, start with credit unions and online-only banks: Silver Spring, Maryland has 8 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 MD high-yield savings average is 1.987% but top local institutions are offering as high as 4.00%, 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. Silver Spring, Maryland high-yield savings rates currently average 1.987% 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 Silver Spring, Maryland institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 21 institutions in Silver Spring, Maryland 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 Silver Spring, Maryland CD rates
- You want check-writing flexibility Silver Spring, Maryland money market rates
- You need daily transaction access Silver Spring, Maryland checking rates
Silver Spring, Maryland Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
12.1% of residents are 65 or older, below the national average of 17.3%. At today’s MD high-yield savings average of 1.987%, saving 10% of the local median salary ($5,460/year) would earn an additional $108 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Silver Spring, Maryland Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Silver Spring, Maryland.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MD Avg APY | 1.987% | 0.502% | 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 Silver Spring, Maryland 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 Silver Spring, Maryland
At MD’s top rate of 4.00% from EagleBank, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Silver Spring, Maryland earner is roughly $13,700. At 1.987% APY, saving $1,140/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMaryland’s high-yield savings average is 1.987% 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 Silver Spring, Maryland earner makes $54,607/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.987% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.987% APY grows to roughly $37,051 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 Silver Spring, Maryland 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 Silver Spring, Maryland 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 Silver Spring, Maryland. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MD.
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 Silver Spring, Maryland
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Silver Spring, Maryland safe?
How often do savings rates change in Silver Spring, Maryland?
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 Silver Spring, Maryland?
How do I open a savings account in Silver Spring, Maryland?
Best Savings Rates in Silver Spring, Maryland
- EagleBank
High-Yield Savings Account: 4.00% APY - Educational Systems Federal Credit Union
High Yield Savings Accounts Tier Five: 3.50% APY - HEMA Federal Credit Union
Wellness Builder Savings Account: 3.30% APY - Capital One Bank
360 Performance Savings: 3.10% APY - Citizens Access
Savings account: 2.80% APY
Silver Spring, Maryland Rates & Resources
