Ware, Massachusetts Savings Rates - August 2026
Brian McKay
Brian McKay
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The best savings rates for Ware, Massachusetts and the surrounding area include North Brookfield SBNorth Brookfield SB40 Main St, Ware, MA 01082A+5.0 ★Texas Ratio: 1.70%Real return: +0.61%APY minus 2.8% CPI (February 2026) High Five Savings at 3.41% APY, Country Bank for SavingsCountry Bank for Savings155 West St, Ware, MA 01082A5.0 ★Texas Ratio: 7.70%Real return: -0.78%APY minus 2.8% CPI (February 2026) Home Savings Account at 2.02% APY, Monson Savings BankMonson Savings Bank136 West St, Ware, MA 01082A+5.0 ★Texas Ratio: 1.52%Real return: -2.05%APY minus 2.8% CPI (February 2026) MoneyMaking Savings at 0.75% APY, Service Federal Credit UnionService Federal Credit UnionA5.0 ★Texas Ratio: 10.17%Real return: +7.20%APY minus 2.8% CPI (February 2026) Deployed Warrior Savings at 10.00% APY, and Lowell Firefighters Credit UnionLowell Firefighters Credit UnionA+5.0 ★Texas Ratio: 0.00%Real return: +5.20%APY minus 2.8% CPI (February 2026) Savings Club for Kids at 8.00% APY.
Ware has 22 local institutions in our database, with savings rates as high as 3.41% APY from North Brookfield SB at 40 Main St, Ware, MA 01082. Use the table below to compare all available offers, including options from institutions serving the broader Massachusetts area. Rates are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Ware, Massachusetts and the surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Savings Rates in Ware, Massachusetts & Surrounding Communities
Tier 1
Qualifications Required: Automatic Loan Payment to Mortgage from Checking; Direct Deposit into Checking; eStatements on Checking and Home Savings; Bump rate; Base rate is 0.10% APY. Qualifying activities must be met monthly. Services must be maintained for three consecutive months after loan closing.
Tier 2*
Qualifications Required: qualifications*; Qualifying balance up to $100,000.00
Base rate. Services must be maintained for three consecutive months after loan closing.
Bump Interest Rate: 2.00%; Bump Annual Percentage Yield (APY): 2.02%
All balances if qualifications not met
Warriors deployed in combat zones may deposit up to $10,000 into a Service CU Deployed Warrior Savings Account which earns 10% APY (Annual Percentage Yield) up to $10,000.00. If actual daily balance exceeds $10,000, the remaining balance will receive variable APY of 10%-0.10%. Rates are variable and subject to change; accurate as of 11/16/2025. Service member must be serving in a combat zone as defined by Service CU; orders of deployment to a combat zone must be provided. Direct deposit of net pay is required into members Service CU account. No minimum balance is required to open the Deployed Warrior Savings Account; $5 deposit is required to open a Primary Savings Account. Monthly deposits into a Deployed Warrior Savings Account cannot exceed the amount of your monthly net military pay; however, deposits into the Deployed Warrior Savings Account may be direct deposit, an allotment, or a transfer of funds from a Service CU account. Withdrawals are not permitted from a Deployed Warrior Savings Account. If a withdrawal is made from the Deployed Warrior Savings Account before the redeployment date plus 120 days, the funds in the Deployed Warrior Savings Account will be transferred to the Primary Savings Account, and the Deployed Warrior Savings Account will be closed. The Deployed Warrior Savings Account will stop accruing 10% APY at the end of the month of return date per deployment orders plus 120 days. eCommunications is required.
Must be opened with funds not currently on deposit at Dedham Savings. Rates guaranteed until 12/31/26, and subject to change thereafter. Online statements required within 30 days of account opening, or account will revert to standard Statement Savings account at 0.05% APY for all balances. One account per client. Limited time offer. Fees may reduce earnings.
Qualifying balance up to $2,000.00
On Balances Up To $1000.00
APY on first $500; 0.25% APY on funds over $500. Annual Percentage Yield (APY) is accurate as of the last dividend declaration date of 10/16/2025 and subject to change without notice. Dividends paid on daily balances of up to $500; variable APY of 5.00%. If actual daily balance exceeds $500, the remaining balance will receive variable APY of 5%-0.25%. Dividends are calculated based on the daily balance with the sum of the daily earnings credited on the last day of each month. Must be a member of Service CU or establish membership with $5 in a Primary Savings Account.
Dividends paid on daily balances of up to $500; variable APY of 5.00%. If actual daily balance exceeds $500, the remaining balance will receive variable APY of 5%-0.25%. Dividends are calculated based on the daily balance with the sum of the daily earnings credited on the last day of each month.
A dividend rate of 5.00% will be paid on the balance in your account up to the first $1,000.00. A dividend rate of 0.10% will be paid on the portion of your balance in your account that exceeds $1,000.00. For example, a balance between $1,000-$2,000 would earn between 5.116%-2.551% APY. Assumes that all funds, including dividends, remain on deposit for 365 days.
Qualifying balances of $250,000 or less only
$0-$20,000; Open Online (Opens in new tab)
Qualifying balance up to $20,000.00
Qualifications Required; Qualifying balance up to $25,000.00
Earn 4.00% APY* on balances up to $25,000; Earn 0.500% APY* on balances over $25,000
Qualifications Required; Qualifying balance up to $100,000.00
APY between 0.05 and 4.00%
SCU Direct account offers a higher dividend rate to members who save systematically with a preauthorized weekly or monthly transfer from a SCU Checking Account. Unlimited withdrawals only when made in person. Online transfer available. Premium tiered variable dividend rate and APY. $10.00 minimum preauthorized transfer amount to open from your SCU Checking Account. $10,000 maximum opening deposit. Subsequent deposits to this account may be made only by means of a preauthorized weekly or monthly transfer from your qualifying checking account. Changing your transfer amount or frequency to this account can be done at any of our branch locations or by calling the contact center at 781-784-7725 or toll free at 877-661-3300
New money only. APY shown assumes the account is paired with an active Direct Advantage Checking. Without a Direct Advantage Checking, the APY will be 0.10% lower. Rates are variable and may change after the account is opened at any time at Direct Federal Credit Union's discretion.
New money only. APY shown assumes the account is paired with an active Direct Advantage Checking. Without a Direct Advantage Checking, the APY will be 0.10% lower. Rates are variable and may change after the account is opened at any time at Direct Federal Credit Union's discretion.
New account only. Minimum $5,000 to open with funds not currently on deposit with BrightBridge Credit Union. This promotional rate is available for a limited time and is subject to change.
3% APY up to $3,000, then 0.25% APY for minimum average daily balances of $3,000.00. Annual Percentage Yield (APY) is accurate as the last dividend declaration date of 02/25/2025 and subject to change without notice. Dividends paid on daily balances of $3,000 and less at 3% APY. If daily balance exceeds $3,000, the remaining balance will receive a variable APY of 3.00%-0.25%. On the first day in November, funds are disbursed via transfer to a Service CU account of your choosing at time of account opening. One Holiday Club account allowed per tax reporting owner. Must be a member of Service CU or establish membership with $5 in a Primary Savings Account.
Qualifications Required: linked Advantage High Interest or Advantage Cash Back account qualifications are met during a Monthly Qualification Cycle; Must be opened with an Advantage High Interest or Cash Back checking. Membership account No monthly service charge. Qualifying balance up to $100,000.00
Qualifications Required: 1 Direct Deposit/ACH credit or ACH debit transaction; 15 debit card purchases; eStatements enrollment; Qualifying balance up to $100,000.00; Daily balances over $100,000 earn 0.995% rate / 2.00% APY.
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.
Ware, MA Savings Rate Trends
Compare local Ware, 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 rose 0.329 points over the past 7 days to 1.887% APY, up from 1.558%.
Massachusetts standard savings rates rose 0.134 points over the past 7 days to 0.768% APY, up from 0.634%.
Ware, 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 2026–2027.
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 1.887% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; savings institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 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 Ware, Massachusetts.
Savings Account Earnings in Ware, 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 (1.887% APY) | Monthly Earnings | Standard Savings (0.768% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $94.37 / year | $7.86 | $38.38 / year | $3.20 |
| $10,000 | $188.73 / year | $15.73 | $76.76 / year | $6.40 |
| $25,000 | $471.83 / year | $39.32 | $191.90 / year | $15.99 |
| $50,000 | $943.65 / year | $78.64 | $383.80 / year | $31.98 |
| 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: Ware, Massachusetts savings rate averages as of August 29, 2026. | ||||
About Our Ware, Massachusetts Savings Rate Database
MonitorBankRates found 3 institutions with branches in Ware, plus 21 additional state-chartered and national online institutions available to Ware 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 (1–5), 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: North Brookfield SB offers a savings account at 3.41% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in Ware, Massachusetts.
How to Find the Best Savings Rates in Ware, Massachusetts
What to compare when shopping for a savings account in Ware, Massachusetts
To find the best savings APYs in Ware, Massachusetts, start with credit unions and online-only banks — Ware, Massachusetts has 15 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 1.887% — but top local institutions are offering as high as 3.41%, 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 3–6 months of expenses in a liquid, FDIC-insured account. Ware, Massachusetts high-yield savings rates currently average 1.887% APY — far above a typical checking account.
- Short-term savings goals (6–24 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 Ware, Massachusetts institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 24 institutions in Ware, 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 → Ware, Massachusetts CD rates
- You want check-writing flexibility → Ware, Massachusetts money market rates
- You need daily transaction access → Ware, Massachusetts checking rates
Ware, Massachusetts Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
17.4% of residents are 65 or older, in line with the national average of 17.3%; an unemployment rate of 14.4% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s MA high-yield savings average of 1.887%, saving 10% of the local median salary ($4,026/year) would earn an additional $76 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Ware, Massachusetts Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Ware, Massachusetts.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current MA Avg APY | 1.887% | 0.768% | 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 – $100 | $25 – $100 | $0 – $2,500 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Ware, Massachusetts averages tracked in our database as of August 29, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Ware, Massachusetts
At MA’s top rate of 3.41% from North Brookfield SB, a $10,000 deposit earns $341 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Ware, Massachusetts earner is roughly $10,100. At 1.887% APY, saving $840/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 1.887% 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 Ware, Massachusetts earner makes $40,265/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 1.887% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.887% APY grows to roughly $36,336 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 Ware, 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 Ware, 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 Ware, 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 Ware, Massachusetts
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Ware, Massachusetts safe?
How often do savings rates change in Ware, 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 Ware, Massachusetts?
How do I open a savings account in Ware, Massachusetts?
Best Savings Rates in Ware, Massachusetts
- North Brookfield SB
High Five Savings — 3.41% APY - Country Bank for Savings
Home Savings Account — 2.02% APY - Monson Savings Bank
MoneyMaking Savings — 0.75% APY - Service Federal Credit Union
Deployed Warrior Savings — 10.00% APY - Lowell Firefighters Credit Union
Savings Club for Kids — 8.00% APY
Ware, Massachusetts Rates & Resources
