Massachusetts (MA) Savings Rates - April 2026
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The savings rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
The best savings rates for Massachusetts include Service Federal Credit UnionService Federal Credit Union199 Worcester Ct, Falmouth, MA 02540A5.0 ★Texas Ratio: 11.03% Deployed Warrior Savings at 10.00% APY, Jeanne D Arc Credit UnionJeanne D Arc Credit Union581 Merrimack St, Lowell, MA 01854 3908A+5.0 ★Texas Ratio: 1.81% Savings Account at 8.00% APY, Lowell Firefighters Credit UnionLowell Firefighters Credit Union642 Chelmsford St, Lowell, MA 01851A+5.0 ★Texas Ratio: 0.00% Savings Club for Kids at 8.00% APY, Dedham Institution for SavingsDedham Institution for Savings55 Elm St, Dedham, MA 02026A5.0 ★Texas Ratio: 6.25% Start Up Savings at 5.00% APY, and Cape Cod Five Cents Savings BankCape Cod Five Cents Savings Bank1500 Iyannough Rd, Hyannis, MA 02601A+5.0 ★Texas Ratio: 1.90% SaveUp Companion Savings* at 5.00% APY. Savings rates as of March 29, 2026 according to verified data from MonitorBankRates.
To see how these savings rates in Massachusetts compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Massachusetts (MA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Massachusetts and the surrounding area. Last Updated and Verified: March 29, 2026
Compare the Best Savings Rates in Massachusetts
Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Service Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.03%
199 Worcester Ct, Falmouth, MA 02540
Deployed Warrior Savings
10.00%
$0
▼
Rate9.57%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Jeanne D Arc Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.81%
581 Merrimack St, Lowell, MA 01854 3908
Savings Account
8.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Lowell Firefighters Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 0.00%
642 Chelmsford St, Lowell, MA 01851
Savings Club for Kids
8.00%
$0
▼
Rate8.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Service Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 11.03%
199 Worcester Ct, Falmouth, MA 02540
Primary Savings Account
5.00%
$0
▼
Rate4.89%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Dedham Institution for Savings
Institution Rating:
A5.0 ★Texas Ratio: 6.25%
55 Elm St, Dedham, MA 02026
Start Up Savings
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $1,000.00
Cape Cod Five Cents Savings Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.90%
1500 Iyannough Rd, Hyannis, MA 02601
SaveUp Companion Savings*
5.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Qualifying balance up to $9,999.99
MASS INSTITUTE OF TECH
Institution Rating:
B+4.7 ★Texas Ratio: 18.63%
70 Westview St, Lexington, MA 02421 3142
Starter Savings
5.00%
$0
▼
Rate4.88%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Qualifying balance up to $2,000.00
Leader Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.18%
141 Massachusetts Ave, Arlington, MA 02474
Zeugma Plus Savings
4.75%
$0
▼
Rate4.65%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Qualifying balances of $250,000 or less only
MutualOne Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.37%
828 Concord St, Framingham, MA 01701
Mo Premium Savings
4.07%
$0
▼
Rate4.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
BankProv
Institution Rating:
A5.0 ★Texas Ratio: 10.50%
5 Market St, Amesbury, MA 01913
Goal Getter Savings
4.00%
$10
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMar 18, 2026
Details
Qualifying balance up to $10,000
LendingClub
Institution Rating:
A5.0 ★Texas Ratio: 6.13%
1 Harbor St, Boston, MA 02210
LevelUp Savings
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Earn 10x the National Average2
LendingClub
Institution Rating:
A5.0 ★Texas Ratio: 6.13%
1 Harbor St, Boston, MA 02210
LevelUp Savings account
4.00%
$250
▼
Rate0.00%
Min Deposit$250
Min Balance—
UpdatedMar 27, 2026
Details
LevelUp Rate is applied to the full balance of LevelUp Savings accounts that receive a total of at least $250 in deposits during the Evaluation Period.
Needham Bank
Institution Rating:
A+5.0 ★Texas Ratio: 3.75%
5 Market St, Amesbury, MA 01913
GoalGetter Savings
4.00%
$10
▼
Rate3.93%
Min Deposit$10
Min Balance—
UpdatedMar 28, 2026
Details
Qualifying balance up to $10,000.00
Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
282 Providence Hwy, Westwood, MA 02090
High Dividend Share Draft
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifying balance up to $25,000.00
Lee Bank
Institution Rating:
A+5.0 ★Texas Ratio: 4.10%
75 Park St, Lee, MA 01238
EMPOWER Rewards Savings
4.00%
$10
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMar 27, 2026
Details
Qualifications Required: Have at least 30 debit card purchases post and settle your account; Have at least 1 direct deposit or automatic payment (ACH) post and settle; Be enrolled in and agree to receive eStatements; Qualifying balance up to $25,000.00; Links to [EMPOWER Rewards Checking](https://www.leebank.com/personal/personal-checking/empower-rewards-checking.html)
Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
282 Providence Hwy, Westwood, MA 02090
Personal Share Draft
4.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 24, 2026
Details
Qualifying balance up to $25,000.00
Bank5 Connect
Institution Rating:
A+5.0 ★Texas Ratio: 1.34%
160 County St, New Bedford, MA 02740
Jumbo Savings
3.65%
$25,000
▼
Rate3.59%
Min Deposit$25,000
Min Balance—
UpdatedMar 25, 2026
Details
Liberty Bank Middletown, CT
Institution Rating:
A+5.0 ★Texas Ratio: 5.26%
94 Shaker Road, East Longmeadow, MA 01028
Relationship High Yield Savings
3.60%
$0
▼
Rate3.54%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
bump up for PayBackSM or Quarter Back® customers
Liberty Bay Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.15%
300 Granite St Fl 3, Braintree, MA 02184 3909
High Yield Savings
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
High Yield Savings5
Institution for Savings
Institution Rating:
A+5.0 ★Texas Ratio: 0.11%
93 State St, Newburyport, MA 01950
Gold Online Savings (plus interest paid)
3.50%
$100,000
▼
Rate3.44%
Min Deposit$100,000
Min Balance—
UpdatedMar 27, 2026
Details
Balances $100,000 -$500,000
Direct Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.76%
50 Cabot St, Needham, MA 02494
High-Yield Savings
3.50%
$0
▼
Rate3.44%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
NEW MONEY ONLY
North Brookfield SB
Institution Rating:
A+5.0 ★Texas Ratio: 1.70%
9 Gilbert St, North Brookfield, MA 01535
High Five Savings
3.41%
$0
▼
Rate3.35%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Qualifying balance up to $500.00
Dedham Institution for Savings
Institution Rating:
A5.0 ★Texas Ratio: 6.25%
55 Elm St, Dedham, MA 02026
High Yield Savings
3.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
PIONEER VALLEY
Institution Rating:
A+5.0 ★Texas Ratio: 0.34%
246 Brookdale Dr, Springfield, MA 01104
Green High-Yield Savings
3.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
PIONEER VALLEY
Institution Rating:
A+5.0 ★Texas Ratio: 0.34%
246 Brookdale Dr, Springfield, MA 01104
Green High Yield Savings
3.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
As High As
South Shore Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.64%
1530 Main St, South Weymouth, MA 02190
High-Yield Savings
3.40%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
PIONEER VALLEY
Institution Rating:
A+5.0 ★Texas Ratio: 0.34%
246 Brookdale Dr, Springfield, MA 01104
Green High-Yield Savings
3.35%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Direct Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 2.76%
50 Cabot St, Needham, MA 02494
High-Yield Savings
3.30%
$0
▼
Rate3.25%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
PIONEER VALLEY
Institution Rating:
A+5.0 ★Texas Ratio: 0.34%
246 Brookdale Dr, Springfield, MA 01104
Green High-Yield Savings
3.30%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
USALLIANCE
Institution Rating:
B4.5 ★Texas Ratio: 21.07%
71 Station Lndg, Medford, MA 02155 5191
High Dividend Savings
3.30%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Village Bank Auburndale, MA
Institution Rating:
A+5.0 ★Texas Ratio: 1.85%
320 Needham St, Newton, MA 02464
Village High Yield Savings (New Money Only)**
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Liberty Bank Middletown, CT
Institution Rating:
A+5.0 ★Texas Ratio: 5.26%
94 Shaker Road, East Longmeadow, MA 01028
Relationship High Yield Savings
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
bump up for PayBackSM or Quarter Back® customers
PNC Bank
Institution Rating:
A5.0 ★Texas Ratio: 6.83%
55 Boylston St Ste 5562, Chestnut Hill, MA 02467
PNC High Yield Savings®
3.25%
$0
▼
Rate3.20%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Liberty Bank Middletown, CT
Institution Rating:
A+5.0 ★Texas Ratio: 5.26%
94 Shaker Road, East Longmeadow, MA 01028
Relationship High Yield Savings
3.10%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Rockland Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.47%
241 Union St, Rockland, MA 02370
RockFed High Yield Savings
3.10%
$0
▼
Rate3.05%
Min Deposit$0
Min Balance—
UpdatedMar 11, 2026
Details
IC Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 15.06%
300 Bemis Rd, Fitchburg, MA 01420
High-Yield Savings
3.04%
$0
▼
Rate2.99%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
Available to consumers only. New money is welcome but not required.
Fidelity Co-operative Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.53%
56 Common St, Barre, MA 01005
Retirement Premier Savings (IRA)
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 26, 2026
Details
Reading Co-op Bank
Institution Rating:
A+5.0 ★Texas Ratio: 0.28%
400 Broadway, Lynn, MA 01904
Online Christmas Savings
3.00%
$10
▼
Rate2.96%
Min Deposit$10
Min Balance—
UpdatedMar 24, 2026
Details
Savings Bank Wakefield, MA
Institution Rating:
A+5.0 ★Texas Ratio: 2.32%
357 Main St, Wakefield, MA 01880
Companion Savings Account
3.00%
$10
▼
Rate2.96%
Min Deposit$10
Min Balance—
UpdatedMar 29, 2026
Details
Companion Savings Account can be opened in conjunction with a Certificate of Deposit (CD) or a TSB 365 Checking. Deposits and withdrawals can be made at any time. The minimum opening deposit is $10.00.
Savings Bank Wakefield, MA
Institution Rating:
A+5.0 ★Texas Ratio: 2.32%
357 Main St, Wakefield, MA 01880
Companion Savings
3.00%
$0
▼
Rate0.00%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Companion Savings account - available only with a TSB 365 Checking account
Lowell Five Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.76%
30 International Pl, Tewksbury, MA 01876
High Yield Savings
3.00%
$10
▼
Rate0.00%
Min Deposit$10
Min Balance—
UpdatedMar 27, 2026
Details
$50,000.00 or more
Workers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.04%
815 Main St, Fitchburg, MA 01420
Advantage Savings
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 29, 2026
Details
Qualifications Required: linked Advantage High Interest or Advantage Cash Back account qualifications are met; Qualifying balance up to $100,000
Workers Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 9.04%
815 Main St, Fitchburg, MA 01420
Advantage Savings Account
3.00%
$5
▼
Rate2.96%
Min Deposit$5
Min Balance—
UpdatedMar 29, 2026
Details
Qualifying balance up to $100,000.00
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
100 Boston Scientific Way, Marlborough, MA 01752
SafeGuard Savings, Consumer
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Baxter Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.73%
100 Boston Scientific Way, Marlborough, MA 01752
SafeGuard Savings, Municipal
3.00%
$0
▼
Rate2.96%
Min Deposit$0
Min Balance—
UpdatedMar 25, 2026
Details
Millbury Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.52%
50 Main St, Millbury, MA 01527
Business Money Market Savings Special
2.75%
$0
▼
Rate2.72%
Min Deposit$0
Min Balance—
UpdatedMar 28, 2026
Details
Hanscom Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.74%
495 Summer St, Boston, MA 02210
Your Way Savings
2.25%
$0
▼
Rate2.21%
Min Deposit$0
Min Balance—
UpdatedMar 27, 2026
Details
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MonitorBankRates
The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior notice.
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.
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.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for 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 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 Massachusetts
What is a High-Yield Savings Account (HYSA)?
A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Massachusetts, help your money grow faster through a higher APY.
Are savings accounts in Massachusetts safe?
Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Massachusetts up to $250,000 per depositor, per institution.
How often do savings rates change in Massachusetts?
Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Massachusetts rate tables daily to ensure you see the most current high-yield options.
Do I need a minimum deposit to open a savings account?
It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Massachusetts may require $25–$100 to open an account.
What is the difference between a Savings Account and a Money Market Account?
Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.
Are online banks better than local banks in Massachusetts?
Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Massachusetts offer in-person customer service, which some customers prefer.
How do I open a savings account in Massachusetts?
You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.
Best Savings Rates in Massachusetts
Here are recent savings rates observed in Massachusetts:
- Service Federal Credit Union
Deployed Warrior Savings — 10.00% APY - Jeanne D Arc Credit Union
Savings Account — 8.00% APY - Lowell Firefighters Credit Union
Savings Club for Kids — 8.00% APY - Dedham Institution for Savings
Start Up Savings — 5.00% APY - Cape Cod Five Cents Savings Bank
SaveUp Companion Savings* — 5.00% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Massachusetts. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 29, 2026
Cities in Massachusetts
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