Brian McKay
The best savings rates for Latham, New York and the surrounding area include Hudson Valley Credit UnionHudson Valley Credit Union851 New Loudon Rd, Latham, NY 12110 2106Real return: +0.45%APY minus 2.8% CPI (February 2026) Premier Savings Accounts - Fifth Tier at 3.25% APY, Broadview Federal Credit UnionBroadview Federal Credit Union935 New Loudon Rd, Latham, NY 12110A+5.0 ★Texas Ratio: 5.13%Real return: +0.25%APY minus 2.8% CPI (February 2026) High Yield Savings at 3.05% APY, Sunmark Credit UnionSunmark Credit Union1187 Troy Schenectady Rd, Latham, NY 12110 1086A5.0 ★Texas Ratio: 11.04%Real return: +0.20%APY minus 2.8% CPI (February 2026) Kasasa Saver Account Savings at 3.00% APY, N C P DN C P DA+5.0 ★Texas Ratio: 0.20%Real return: +2.29%APY minus 2.8% CPI (February 2026) Youth/Teen/Milestone Savings at 5.09% APY, and Apple Bank for SavingsApple Bank for SavingsA+5.0 ★Texas Ratio: 4.67%Real return: +2.20%APY minus 2.8% CPI (February 2026) Apple Bank SmartStart Savings Account at 5.00% APY.
Latham has 30 local institutions in our database, with savings rates as high as 3.25% APY from Hudson Valley Credit Union at 851 New Loudon Rd, Latham, NY 12110 2106. Use the table below to compare all available offers, including options from institutions serving the broader New York area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Latham, New York and the surrounding area. Last Updated and Verified: September 16, 2026
Links to Kasasa Cash checking No maintenance fees
up to $75,000
balance over $75,000
on the first $1,000 on deposit
Exclusive online
Online Account Opening; Interest compounds; Complimentary e-statements; Complimentary Visa Debit Card; Free Online Banking and Mobile Banking; Zelle Access to free ATMs nationwide with J.P. Morgan, Wells Fargo and Allpoint
Promotional annual percentage yield of 3.75% is available on balances greater than or equal to $10,000 for the first 180 days after account opening. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate applicable to this account type. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s) applicable to this account type. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. To qualify, you must be a new personal savings client of Flagstar Bank and open a Flagstar Ready Savings account. To qualify for the promotional rate, you must deposit additional funds, to maintain a balance greater than or equal to $10,000 is required and must be "new money," which is defined as money that is not currently on deposit in any Flagstar Bank account; money moved from any Flagstar Bank affiliate or subsidiary account or funded from a Flagstar/affiliate loan or line of credit does not qualify. For purposes of this offer, funds from maturing certificate of deposit accounts held at Flagstar Bank will be considered eligible. The account must remain open for the full 180-day promotional period. This offer is limited to one promotion per household. If any signer on this account has previously received a savings promotion from Flagstar Bank, you are ineligible for this offer. This offer cannot be combined with any other offers or promotions. An early account closure fee may be imposed for accounts closed within 180 days. Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee eligibility. All account applications are subject to our normal approval process. Personal accounts only. Area restrictions may apply.
Minimum Average Daily Balance to earn APY: $100 to $999,999.99
Simple Banking Program
Savings rates as high as 3.50 See below for details.
Earn an extra 1.00% APY for 3 months when you refer a friend. Standard APY may change at any time before or after account is opened. Maximum balance limits apply.
Balance: $1,000,000.00 and above
Balance: $25,000.00 to $5,000,000.00
Qualifications Required: 4 debit card transactions; 1 ACH direct deposit transaction per monthly qualification cycle; Qualifying balance up to $100,000.00
Balance: $250,000.00-$999,999.99
Balance: $50,000.00-$249,999.99
Balance: $5,000,000.01 to $6,000,000.00
with checking
Compare local Latham, NY 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.
New York high-yield savings rates fell 0.121 points over the past 7 days to 1.858% APY, down from 1.980%.
New York standard savings rates fell 0.013 points over the past 7 days to 0.801% APY, down from 0.814%.
Savings rates move with Federal Reserve policy. Our model uses the current NY 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 NY high-yield savings average of 1.858% 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 60–90 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 Latham, New York.
Annual interest earnings at current NY average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (1.858% APY) | Monthly Earnings | Standard Savings (0.801% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $92.92 / year | $7.74 | $40.04 / year | $3.34 |
| $10,000 | $185.84 / year | $15.49 | $80.08 / year | $6.67 |
| $25,000 | $464.60 / year | $38.72 | $200.20 / year | $16.68 |
| $50,000 | $929.20 / year | $77.43 | $400.40 / year | $33.37 |
| 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: Latham, New York savings rate averages as of September 16, 2026. | ||||
MonitorBankRates found 3 institutions with branches in Latham, plus 16 additional state-chartered and national online institutions available to Latham 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: Hudson Valley Credit Union offers a savings account at 3.25% APY with a minimum deposit of $100,000. Use the rate table above to compare all current offers in Latham, New York.
What to compare when shopping for a savings account in Latham, New York
To find the best savings APYs in Latham, New York, start with credit unions and online-only banks: Latham, New York has 3 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 NY high-yield savings average is 1.858% but top local institutions are offering as high as 3.25%, 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.
Local demographics and economic context for savers. Source: U.S. Census Bureau
20.1% of residents are 65 or older, above the national average of 17.3%, making liquid, accessible savings accounts a particularly relevant option in this market; a low unemployment rate of 2.5% reflects a strong local economy with solid savings capacity. At today’s NY high-yield savings average of 1.858%, saving 10% of the local median salary ($5,829/year) would earn an additional $108 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Latham, New York.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current NY Avg APY | 1.858% | 0.801% | 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 | 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 Latham, New York averages tracked in our database as of September 16, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
At NY’s top rate of 3.25% from Hudson Valley Credit Union, a $10,000 deposit earns $325 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Latham, New York earner is roughly $14,600. At 1.858% APY, saving $1,210/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsNew York’s high-yield savings average is 1.858% 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 Latham, New York earner makes $58,294/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.858% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.858% APY grows to roughly $36,131 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Latham, New York 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 Latham, New York 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 Latham, New York. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in NY.
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.