Syracuse, New York Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Syracuse, New York savings account rates range from 0.03% to 10.00% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Syracuse, New York and the surrounding area include Ukrainian Federal Credit UnionUkrainian Federal Credit Union211 Tompkins St, Syracuse, NY 13204A5.0 ★Texas Ratio: 10.53%Real return: +1.20%APY minus 2.8% CPI (February 2026) High Dividend Share Draft at 4.00% APY, Solvay BankSolvay Bank109 S Warren St, Syracuse, NY 13202A+5.0 ★Texas Ratio: 0.90%Real return: +0.45%APY minus 2.8% CPI (February 2026) Horizon High-Yield Savings Account at 3.25% APY, Broadview Federal Credit UnionBroadview Federal Credit Union401 S Salina St, Syracuse, NY 13202 2584A5.0 ★Texas Ratio: 6.36%Real return: +0.25%APY minus 2.8% CPI (February 2026) High Yield Savings at 3.05% APY, Citizens AccessCitizens Access3524 W Genesee St, Syracuse, NY 13219A+5.0 ★Texas Ratio: 5.44%Real return: +0.00%APY minus 2.8% CPI (February 2026) Savings account at 2.80% APY, and Crouse Federal Credit UnionCrouse Federal Credit Union730 S Crouse Ave, SYRACUSE, NY 13210 1754A+5.0 ★Texas Ratio: 0.30%Real return: -1.78%APY minus 2.8% CPI (February 2026) Share Savings at 1.02% APY.
Syracuse has 64 local institutions in our database, with savings rates as high as 4.00% APY from Ukrainian Federal Credit Union at 211 Tompkins St, Syracuse, NY 13204. 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 Syracuse, New York and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Syracuse, New York & Surrounding Communities
Qualifications Required; Balance: $0.00 - $25,000.00; Qualifying balance up to $25,000.00; Non-qualifying rate 0.00% APY; New accounts receive qualifying rate for first statement cycle
Balance: Up to $24,999.99; Requires companion Solvay Bank High Interest Checking Account
Balance: $1,000,000 and Over
Balance: $0.01 - $4,999.99; Variable APY, subject to change without notice
Balance: $500,000 - $999,999.99
Balance: $250,000 - $499,999.99
Balance: $100,000 to $249,999.99
Balance: $50,000 to $99,999.99
Balance: $25,000 to $49,999.99
Balance: $100,000.01 and over
Balance: $0 to $30,000; Qualifications apply (see footnote 1)
Balance tier: $1,000
Balance: $10,000 to $24,999.99
Balance: $2,500 to $9,999.99
Balance: $50,000.01 - $100,000.00
Balance: $25,000.01 - $50,000.00
Tier 3; Balance: $10,000 minimum; Dividend rates prospective for the period ending 12/31/26; Compounded and credited quarterly; Rates effective 1/1/24
balances over $25,000
- Sep 18, 20260.50%▼ from 4.00%
- Sep 12, 20264.00%first recorded
Balance: $100,000 and above
- Oct 5, 20260.50%▲ from 0.45%
- Sep 14, 20260.45%first recorded
Balance: $50,000-$99,999
- Oct 5, 20260.45%▲ from 0.40%
- Sep 14, 20260.40%first recorded
Balance: $10,000.01 - $25,000.00
Tier 2; Balance: $2,500 minimum; Dividend rates prospective for the period ending 12/31/26; Compounded and credited quarterly; Rates effective 1/1/24
Balance: $25,000-$49,999
- Oct 5, 20260.40%▲ from 0.35%
- Sep 14, 20260.35%first recorded
Balance: $10,000-$24,999
- Oct 5, 20260.35%▲ from 0.25%
- Sep 14, 20260.25%first recorded
Balance: $5000.01 to 10,000.00
Balance: $50,000 +
Balance: $50,000 and over
Balance: $2,500-$9,999
- Oct 5, 20260.30%▲ from 0.20%
- Sep 14, 20260.20%first recorded
Balance: $2500.01 - 5000.00
Balance: $25,000 < $50,000
Balance: $25,000 and over
Balance: $35,000 to $49,999
Balance: $10,000 to $24,999
Balance: $20,000 to $34,999
Tier 1; Balance: $0 minimum; Dividend rates prospective for the period ending 12/31/26; Compounded and credited quarterly; Rates effective 1/1/24
Balance: $50,000 - $99,999.99; Rates effective October 1, 2026 to October 31, 2026
Balance: $1000.01 - $2499.00
Balance: $2,500 < $25,000
Balance: $300 and over; Minimum Daily Balance column: $100.00
Balance: $300 to $9,999
Balance: $7,500 to $19,999
Balance: $300 and over; Minimum Daily Balance: $100.00
Balance: $0.01 < $2,500
Balance: $100 to $7,499
Published APY range: 0.10% - 3.25%. Balance: Greater than $50,000.00; Requires companion Solvay Bank High Interest Checking Account
Balance: $0.01 - $9,999.99; Rates effective October 1, 2026 to October 31, 2026
Balance: $5.00 - $1000.00
Min To Earn APY: No Minimum
Balance: $0.01 to $2,499.99
Balance: $0.00 - $2,499.99; 6-month bonus rate; Offer Code VRMA0926; Apply online or contact KeyBank by 11/4/2026; Requires $5,000 balance growth; Bring at least $5,000 to Key
Balance: $0.00 - $2,499.99; 6-month bonus rate; Bring at least $25,000 to Key; Offer Code VRMB0926; Apply online with this code or contact us to apply to existing account by 11/4/2026; Rate may vary by booking location; Standard or relationship rates apply after bonus period
Balance: $100 < $2,500
Balance: $0.01 < $2,500; Tier 1 - Average daily balance; Accounts Opened Online
Balance: $25 +; Interest Rates for Accounts Opened Online
Balance: $1 - $6000
Balance: $1 - $500
Balance: $1 - $500
Balance: $1 - $100
Balance: $1 - $500
Balance: $1 - $500
Balance for APY is blended and may range from 0.05% to 5.00%. Balance of $1-$500 earns 5.00% APY; balances over $500 earn 0.05% APY. Fees may reduce earnings. Gift is awarded when account is opened. We reserve the right to substitute a gift of similar value.
Balance: $1 - $100
Balance: $1.01 - $10,000
Promotional rate for 6 months; no monthly account fees and no minimum deposit
- Sep 25, 20264.25%▲ from 4.00%
- Sep 20, 20264.00%first recorded
New account APY only; variable rate account, APY may change without notice; interest compounded daily; no monthly maintenance fee; no minimum balance required; available exclusively online and by phone
- Oct 7, 20264.20%▲ from 3.90%
- Sep 18, 20263.90%first recorded
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.
Syracuse, NY Savings Rate Trends
Compare local Syracuse, 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 0.055 points over the past 7 days to 2.792% APY, up from 2.737%.
New York standard savings rates fell 0.014 points over the past 7 days to 0.730% APY, down from 0.744%.
Syracuse, 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 2.792% 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 Syracuse, New York.
Savings Account Earnings in Syracuse, 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 (2.792% APY) | Monthly Earnings | Standard Savings (0.730% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $139.59 / year | $11.63 | $36.49 / year | $3.04 |
| $10,000 | $279.17 / year | $23.26 | $72.98 / year | $6.08 |
| $25,000 | $697.93 / year | $58.16 | $182.45 / year | $15.20 |
| $50,000 | $1,395.85 / year | $116.32 | $364.90 / year | $30.41 |
| 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: Syracuse, New York savings rate averages as of October 14, 2026. | ||||
About Our Syracuse, New York Savings Rate Database
MonitorBankRates found 14 institutions with branches in Syracuse (6 banks, 8 credit unions), plus 6 additional state-chartered and national online institutions available to Syracuse 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: Ukrainian Federal Credit Union offers a savings account at 4.00% APY. Use the rate table above to compare all current offers in Syracuse, New York.
How to Find the Best Savings Rates in Syracuse, New York
What to compare when shopping for a savings account in Syracuse, New York
To find the best savings APYs in Syracuse, New York, start with credit unions and online-only banks: Syracuse, New York has 8 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 2.792% but top local institutions are offering as high as 4.00%, 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. Syracuse, New York high-yield savings rates currently average 2.792% 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 Syracuse, New York institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 20 institutions in Syracuse, New York 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 Syracuse, New York CD rates
- You want check-writing flexibility Syracuse, New York money market rates
- You need daily transaction access Syracuse, New York checking rates
Syracuse, New York Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
14.4% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 7.7% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s NY high-yield savings average of 2.792%, saving 10% of the local median salary ($3,059/year) would earn an additional $85 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Syracuse, New York Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Syracuse, New York.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current NY Avg APY | 2.792% | 0.730% | 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 Syracuse, New York averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Syracuse, New York
At NY’s top rate of 4.00% from Ukrainian Federal Credit Union, a $10,000 deposit earns $400 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Syracuse, New York earner is roughly $7,600. At 2.792% APY, saving $640/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 2.792% 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 Syracuse, New York earner makes $30,590/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.792% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.792% APY grows to roughly $43,361 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 Syracuse, 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 Syracuse, 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 Syracuse, 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 Syracuse, New York
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Syracuse, New York safe?
How often do savings rates change in Syracuse, 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 Syracuse, New York?
How do I open a savings account in Syracuse, New York?
Best Savings Rates in Syracuse, New York
- Ukrainian Federal Credit Union
High Dividend Share Draft: 4.00% APY - Solvay Bank
Horizon High-Yield Savings Account: 3.25% APY - Broadview Federal Credit Union
High Yield Savings: 3.05% APY - Citizens Access
Savings account: 2.80% APY - Crouse Federal Credit Union
Share Savings: 1.02% APY
Syracuse, New York Rates & Resources
