Boston, Massachusetts Savings Rates for October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Boston, Massachusetts savings account rates range from 0.05% to 5.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Boston, Massachusetts and the surrounding area include Leader BankLeader Bank48 Northern Ave, Boston, MA 02210A+5.0 ★Texas Ratio: 0.22%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 31, 2026 Zeugma Plus Savings at 5.00% APY, OpenbankOpenbank75 Federal St # 101, Boston, MA 02110A5.0 ★Texas Ratio: 8.00%Real return: +0.65%APY minus 3.7% CPIRate verified Oct 30, 2026 High Yield Savings Boost at 4.35% APY, Happen BankHappen Bank1 Harbor St, Boston, MA 02210A+5.0 ★Texas Ratio: 2.06%Real return: +0.50%APY minus 3.7% CPIRate verified Oct 28, 2026 LevelUp Savings at 4.20% APY, CIT BankCIT Bank10 Post Office Sq, Boston, MA 02109A5.0 ★Texas Ratio: 7.72%Real return: +0.05%APY minus 3.7% CPIRate verified Oct 30, 2026 Platinum Savings at 3.75% APY, and BrioDirectBrioDirect100 Franklin St, Boston, MA 02110A+5.0 ★Texas Ratio: 4.34%Real return: +0.05%APY minus 3.7% CPIRate verified Oct 30, 2026 High-Yield Savings at 3.75% APY.
Boston has 75 local institutions in our database, with savings rates as high as 5.00% APY from Leader Bank at 48 Northern Ave, Boston, MA 02210. Use the table below to compare all available offers, including options from institutions serving the broader Massachusetts area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Boston, Massachusetts and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Boston, Massachusetts & Surrounding Communities
Balance: qualifying balances of $250,000 or less only
- Sep 24, 20265.00%▲ from 4.75%
- Sep 18, 20264.75%first recorded
Introductory 6-month APY Boost of 0.35% added to standard variable APY of 4.00%; new customers only; boost expires after 6 months and rate reverts to standard variable APY
Balance: $250 in deposits per Evaluation Period; Qualifications Required: Deposit at least $250 per Evaluation Period (statement cycle); LevelUp Rate applies when at least $250 in deposits is received during the Evaluation Period; Fees may reduce earnings
Standard variable APY; variable rate subject to change at any time without notice; personal accounts only
- Oct 19, 20264.00%▲ from 3.80%
- Oct 6, 20263.80%▼ from 4.15%
- Sep 27, 20264.15%first recorded
Balance: $5,000 and over
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
APY is variable and accurate as of 10/29/2026; no monthly maintenance fee; fees may reduce earnings
Balance: $0.01-$1,000,000; Online Only; eligibility limited to consumers who apply online and have no existing Salem Five checking or savings account
- Oct 2, 20263.66%▲ from 3.51%
- Sep 27, 20263.51%first recorded
No minimum balance; Maximum balance limits apply; APY as of October 30, 2026
- Sep 18, 20263.50%▲ from 3.40%
- Sep 14, 20263.40%first recorded
California counties only; Balance: $25,000 or more; Rate is variable; requires deposit and maintenance of $25,000 or more in new Platinum Savings within 30 days; new savings customers only
Balance: $10,000.00 - $1,000,000.00
Minimum balance to obtain disclosed APY is $10; requires Beacon Bank checking account with ownership relationship
3.20% APY**; Ideal usage: Limited access to help you reach savings goals (e.g., vacation fund); ATM Access: Yes; Check Writing: No
Balance: $1,000,000.01 or more
Balance: $0.01 - $3,000.00
Balance: $50,000.00 and over
Balance: $0.01 - $4,999.99; variable APY subject to change daily after account opening; APY accurate as of 07/17/2026
Non-qualifying balances only
Balance: $100,000 and over; Requires Your Way Checking to open
As High As; Share/IRA Accounts
- Oct 5, 20262.02%▲ from 1.87%
- Sep 29, 20261.87%first recorded
Balance: $1,000,000.00 and over
Balance: $50,000 - $99,999.99; Requires Your Way Checking to open
Balance: $0.00 - $49,999.99
Balance: $30,000 - $49,999.99; Requires Your Way Checking to open
Balance: $20,000 - $29,999.99; Requires Your Way Checking to open
Balance: $10,000 - $19,999.99; Requires Your Way Checking to open
Balance: under $25,000; with monthly deposit of $100 or more
Balance: $8,000 - $9,999.99; Requires Your Way Checking to open
Requires qualifying Business Premium Checking
Qualifications Required; Balance: Up to but not exceeding $25,000 (if qualifications are met)
Balance: $6,000 - $7,999.99; Requires Your Way Checking to open
Balance: $4,000 - $5,999.99; Requires Your Way Checking to open
Balance: $0.01 - $9,999.99
Balance: $2,000 - $3,999.99; Requires Your Way Checking to open
Balance: $1,000 - $1,999.99; Requires Your Way Checking to open
Balance: $1,000,000 and over; Compounded: Monthly
Balance: $25,000.00 - $49,999.99; Compounded: Monthly
Source prints the APY as ".5o%" (letter o); read as .50%. $25 minimum share balance required; Rates and Terms subject to change without notice; As of May 1, 2026
Balance: $750 - $999.99; Requires Your Way Checking to open
Balance: $0.01 - $5,000.00
Balance: $100,000 or more
Balance: $100 - $999.99
Balance: $200 - $999.99
Balance: $10 - $999.99
Balance: under $25,000
Balance: $400 - $749.99; Requires Your Way Checking to open
As High As; Business Banking
Balance: $25,000 - $99,999.99
Balance: $200 - $399.99; Requires Your Way Checking to open
Balance: under $25,000
Balance: under $5,000
Balance: up to $250,000
Balance: $10,000.00 - $24,999.99; Compounded: Monthly
Balance: $200 or more
Balance: $1,000 - $24,999.99
Balance: $0.01 - $199.99; Requires Your Way Checking to open
Minimum to open = $0
Balance: $1,000 or more
Rates are variable and may change after the account is opened.
Balance: $3,000.01 or more
Balance: $0.01 or more
Balance: $5,000.01 or more
California counties only; Balance: $0 or more; When linked to Premier Checking or Checking
CA Bay Area counties only; Balance: $0 or more
Balance: $0.01 - $9,999.99; Compounded: Monthly
Interest Rate (Annualized): 0.05%; Minimum balance or range to earn APY: $250
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.
Boston, MA Savings Rate Trends
Compare local Boston, MA 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.
Massachusetts high-yield savings rates fell 0.073 points over the past 7 days to 2.132% APY, down from 2.205%.
Massachusetts standard savings rates fell 0.015 points over the past 7 days to 0.420% APY, down from 0.435%.
Boston, Massachusetts Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current MA 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 MA high-yield savings average of 2.132% 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 Boston, Massachusetts.
Savings Account Earnings in Boston, Massachusetts
Annual interest earnings at current MA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.132% APY) | Monthly Earnings | Standard Savings (0.420% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $106.59 / year | $8.88 | $21.02 / year | $1.75 |
| $10,000 | $213.17 / year | $17.76 | $42.03 / year | $3.50 |
| $25,000 | $532.93 / year | $44.41 | $105.08 / year | $8.76 |
| $50,000 | $1,065.85 / year | $88.82 | $210.15 / year | $17.51 |
| 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: Boston, Massachusetts savings rate averages as of October 31, 2026. | ||||
About Our Boston, Massachusetts Savings Rate Database
MonitorBankRates found 21 institutions with branches in Boston (14 banks, 7 credit unions). 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: Leader Bank offers a savings account at 5.00% APY with a minimum deposit of $10. Use the rate table above to compare all current offers in Boston, Massachusetts.
How to Find the Best Savings Rates in Boston, Massachusetts
What to compare when shopping for a savings account in Boston, Massachusetts
To find the best savings APYs in Boston, Massachusetts, start with credit unions and online-only banks: Boston, Massachusetts has 7 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 MA high-yield savings average is 2.132% but top local institutions are offering as high as 5.00%, 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. Boston, Massachusetts high-yield savings rates currently average 2.132% 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 Boston, Massachusetts institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 21 institutions in Boston, Massachusetts 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 Boston, Massachusetts CD rates
- You want check-writing flexibility Boston, Massachusetts money market rates
- You need daily transaction access Boston, Massachusetts checking rates
Boston, Massachusetts Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
13.0% of residents are 65 or older, below the national average of 17.3%. At today’s MA high-yield savings average of 2.132%, saving 10% of the local median salary ($5,590/year) would earn an additional $119 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Boston, Massachusetts Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Boston, Massachusetts.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MA Avg APY | 2.132% | 0.420% | 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 Boston, Massachusetts averages tracked in our database as of October 31, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Boston, Massachusetts
At MA’s top rate of 5.00% from Leader Bank, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Boston, Massachusetts earner is roughly $14,000. At 2.132% APY, saving $1,160/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsMassachusetts’s high-yield savings average is 2.132% 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 Boston, Massachusetts earner makes $55,909/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.132% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.132% APY grows to roughly $38,120 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 Boston, Massachusetts 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 Boston, Massachusetts 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 Boston, Massachusetts. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in MA.
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 Boston, Massachusetts
What are savings account rates in Boston, Massachusetts today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Boston, Massachusetts safe?
How often do savings rates change in Boston, Massachusetts?
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 Boston, Massachusetts?
How do I open a savings account in Boston, Massachusetts?
Best Savings Rates in Boston, Massachusetts
- Leader Bank
Zeugma Plus Savings: 5.00% APY - Openbank
High Yield Savings Boost: 4.35% APY - Happen Bank
LevelUp Savings: 4.20% APY - CIT Bank
Platinum Savings: 3.75% APY - BrioDirect
High-Yield Savings: 3.75% APY
Boston, Massachusetts Rates & Resources
