Latham, New York Savings Rates for October 2026
Brian McKay
Brian McKay
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Latham, New York savings account rates range from 0.02% to 10.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Latham, New York and the surrounding area include Beacon Bank and TrustBeacon Bank and Trust628 Loudon Road, Latham, NY 12110A+5.0 ★Texas Ratio: 5.36%Real return: -0.50%APY minus 3.7% CPIRate verified Oct 31, 2026 Beacon One Savings Account at 3.20% APY, Broadview Federal Credit UnionBroadview Federal Credit Union935 New Loudon Rd, Latham, NY 12110A5.0 ★Texas Ratio: 6.36%Real return: -0.65%APY minus 3.7% CPIRate verified Oct 30, 2026 High Yield Savings at 3.05% APY, Sunmark Credit UnionSunmark Credit Union1187 Troy Schenectady Rd, Latham, NY 12110 1086A5.0 ★Texas Ratio: 10.47%Real return: -0.70%APY minus 3.7% CPIRate verified Oct 30, 2026 Kasasa Saver Account Savings at 3.00% APY, Citizens AccessCitizens Access882 New Loudon Rd, Latham, NY 12110A+5.0 ★Texas Ratio: 5.44%Real return: -0.90%APY minus 3.7% CPIRate verified Oct 31, 2026 Savings account at 2.80% APY, and TrustCo BankTrustCo Bank602 New Loudon Rd, Latham, NY 12110A+5.0 ★Texas Ratio: 4.14%Real return: -1.00%APY minus 3.7% CPIRate verified Oct 31, 2026 Savings Account Promotional Intro at 2.70% APY.
Latham has 67 local institutions in our database, with savings rates as high as 3.20% APY from Beacon Bank and Trust at 628 Loudon Road, Latham, NY 12110. 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: October 31, 2026
Compare the Best Savings Rates in Latham, New York & Surrounding Communities
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 and Over
Balance: $1,000,000 and Over
Up to 3.00% APY when linked to Kasasa Cash checking; no maintenance fees
Tier 1 up to $75,000 when linked to Kasasa Cash Checking
Balance: up to $75,000; linked to Kasasa Cash Checking
Balance: $0.01 - $4,999.99; variable APY subject to change daily after account opening; APY accurate as of 07/17/2026
Balance: $500,000 - $999,999.99
Balance: $500,000 - $999,999.99
Savings Account Promotional Rates; promotional intro rate
Balance: $250,000 - $499,999.99
Balance: $250,000 - $499,999.99
Balance: $100,000 to $249,999.99
Balance: $100,000 to $249,999.99
Balance: $50,000 to $99,999.99
Balance: $50,000 to $99,999.99
Balance: $100,000 and over
Minimum balance to earn dividend: $0.01 and above
Balance: $25,000 to $49,999.99
Balance: $25,000 to $49,999.99
Balance: $50,000 - $99,999.99
Balance: $10,000 - $49,999.99
Balance: $10,000 to $24,999.99
Balance: $10,000 to $24,999.99
Savings Account Promotional Rates; Balance: $250,000 and above
- Oct 31, 20260.95%▲ from 0.35%
- Oct 26, 20260.35%▼ from 0.95%
- Sep 19, 20260.95%first recorded
Savings Account Promotional Rates; Balance: $100,000 - $249,999.99
- Oct 31, 20260.91%▲ from 0.30%
- Oct 26, 20260.30%▼ from 0.91%
- Sep 19, 20260.91%first recorded
Savings Account Promotional Rates; Balance: $50,000 - $99,999.99
- Oct 31, 20260.80%▲ from 0.15%
- Oct 26, 20260.15%▼ from 0.80%
- Sep 19, 20260.80%first recorded
Balance: $2,500 to $9,999.99
Balance: $2,500 to $9,999.99
Savings Account Promotional Rates; Balance: $20,000 - $49,999.99
Balance: $0.00 - $9,999.99
Balance: $40,000 and above
Balance: $250,000 and above
Balance: Average daily balance $50,000 +; Tier 4
Balance: $100,000 - $249,999.99
Balance: Average daily balance $25,000 < $50,000; Tier 3
Balance: portion of balance over $75,000; linked to Kasasa Cash Checking
Ages up to 17; Balance: $2,500 and over
Balance: $10,000 - $39,999
Balance: Average daily balance $2,500 < $25,000; Tier 2
Balance: $50,000 - $99,999.99
Balance: Average daily balance $0.01 < $2,500; Tier 1
Balance: $25,000 and above; requires $25,000 minimum balance and a Chemung Canal checking account to open; variable rate/yield personal money market account
Balance: $10,000 & over; Incl. Holiday, Vacation and Special Shares
Ages up to 17; Balance: $0 - $2,499.99
Balance: $0.01 - $9,999
Min To Earn APY: No Minimum
Balance: $15,000 - $49,999.99
Balance: $200 - $14,999.99
Balance: $0.00 - $2,499.99; 6-month bonus rate; blended APY; Offer Code VRMA0926; requires growing balance by $5,000
Balance: $0.00 - $2,499.99; 6-month bonus rate; Offer Code VRMB1026; requires growing relationship or liquid balance by $25,000; standard or relationship rates apply after 6 months; rate may vary by booking location
Balance: $1,000 - $24,999; requires $25,000 minimum balance and a Chemung Canal checking account to open; variable rate/yield personal money market account
Balance: $100 < $2,500; Accounts Opened Online
Balance: $0.01 < $2,500; Accounts Opened Online
Balance: $25 +; Tier 1 - Average daily balance is $25 +
Minimum balance of $250 required to avoid monthly service charge of $1.00. No minimum balance required to earn interest. Fees may reduce earnings. All rates are variable and may change after account is opened.
Minimum balance of $100 required to avoid monthly service charge of $1.00. No minimum balance required to earn interest. Fees may reduce earnings. All rates are variable and may change after account is opened.
Balance: minimum daily ledger balance of $250 to obtain APY; Minimum of $250 to avoid service charge; Variable rate, compounds quarterly
Balance: $1 - $6000; Tiered APY limited to one Youth Savings account per child; ages 0-17
Balance: $1 - $500
Balance: $1 - $500
Balance: $1-$500 earns 5.00% APY; balances over $500 earn 0.05% APY; Personal and Business; gift awarded when account is opened; Fees may reduce earnings
Balance: $1 - $100
Balance: $1 - $500
Balance: $1 - $500
Balance: $1 - $100
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.
Latham, NY Savings Rate Trends
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 rose 0.038 points over the past 7 days to 2.908% APY, up from 2.870%.
New York standard savings rates fell 0.032 points over the past 7 days to 0.584% APY, down from 0.616%.
Latham, New York Savings Rate Forecast, Next 12 Months
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 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 NY high-yield savings average of 2.908% 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 Latham, New York.
Savings Account Earnings 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 (2.908% APY) | Monthly Earnings | Standard Savings (0.584% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $145.42 / year | $12.12 | $29.19 / year | $2.43 |
| $10,000 | $290.83 / year | $24.24 | $58.39 / year | $4.87 |
| $25,000 | $727.08 / year | $60.59 | $145.98 / year | $12.17 |
| $50,000 | $1,454.15 / year | $121.18 | $291.95 / year | $24.33 |
| 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 October 31, 2026. | ||||
About Our Latham, New York Savings Rate Database
MonitorBankRates found 11 institutions with branches in Latham (8 banks, 3 credit unions), plus 3 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 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: Beacon Bank and Trust offers a savings account at 3.20% APY with a minimum deposit of $250. Use the rate table above to compare all current offers in Latham, New York.
How to Find the Best Savings Rates 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 2.908% but top local institutions are offering as high as 3.20%, 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. Latham, New York high-yield savings rates currently average 2.908% 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 Latham, New York institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 14 institutions in Latham, New York report savings rates to our database.
- You’re among Latham, New York’s 20.1% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- 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 Latham, New York CD rates
- You want check-writing flexibility Latham, New York money market rates
- You need daily transaction access Latham, New York checking rates
Latham, New York Financial Snapshot
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 2.908%, saving 10% of the local median salary ($5,829/year) would earn an additional $170 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Latham, New York Options
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 | 2.908% | 0.584% | 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 Latham, New York 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 Latham, New York
At NY’s top rate of 3.20% from Beacon Bank and Trust, a $10,000 deposit earns $320 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 2.908% 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 2.908% 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 2.908% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.908% APY grows to roughly $44,356 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 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.
Frequently Asked Questions about Savings Accounts in Latham, New York
What are savings account rates in Latham, New York today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Latham, New York safe?
How often do savings rates change in Latham, New York?
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 Latham, New York?
How do I open a savings account in Latham, New York?
Best Savings Rates in Latham, New York
- Beacon Bank and Trust
Beacon One Savings Account: 3.20% APY - Broadview Federal Credit Union
High Yield Savings: 3.05% APY - Sunmark Credit Union
Kasasa Saver Account Savings: 3.00% APY - Citizens Access
Savings account: 2.80% APY - TrustCo Bank
Savings Account Promotional Intro: 2.70% APY
Latham, New York Rates & Resources
