Cleveland, Ohio Savings Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Cleveland, Ohio savings account rates range from 0.01% to 4.25% APY, verified by MonitorBankRates as of November 12, 2026. The best savings rates for Cleveland, Ohio and the surrounding area include CF BankCF Bank2615 Detroit Ave, Cleveland, OH 44113A+5.0 ★Texas Ratio: 5.55%Real return: +0.55%APY minus 3.7% CPIRate verified Nov 12, 2026 High Yield Savings at 4.25% APY, Flagstar Bank, National AssociationFlagstar Bank, National Association1801 E 9th St, Cleveland, OH 44114D3.3 ★Texas Ratio: 35.11%Real return: +0.30%APY minus 3.7% CPIRate verified Nov 9, 2026 High Interest Savings (Flagstar Ready Savings) at 4.00% APY, Ukrainian Federal Credit UnionUkrainian Federal Credit Union5602 State Rd, Cleveland, OH 44134A5.0 ★Texas Ratio: 10.53%Real return: +0.30%APY minus 3.7% CPIRate verified Nov 12, 2026 High Dividend Share Draft at 4.00% APY, US BankUS Bank6509 Harvard Ave, Cleveland, OH 44105A+5.0 ★Texas Ratio: 2.85%Real return: -0.20%APY minus 3.7% CPIRate verified Nov 11, 2026 Bank Smartly Savings Account at 3.50% APY, and The Huntington National BankThe Huntington National Bank905 Euclid Ave, Cleveland, OH 44115A+5.0 ★Texas Ratio: 3.66%Real return: -0.45%APY minus 3.7% CPIRate verified Nov 11, 2026 Relationship Savings Account at 3.25% APY.
Cleveland has 75 local institutions in our database, with savings rates as high as 4.25% APY from CF Bank at 2615 Detroit Ave, Cleveland, OH 44113. Use the table below to compare all available offers, including options from institutions serving the broader Ohio area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Cleveland, Ohio and the surrounding area. Last Updated and Verified: November 12, 2026
Compare the Best Savings Rates in Cleveland, Ohio & Surrounding Communities
Balance: $5,000 and over; Tier 2; Rate guaranteed for 6 months from date of account opening; Bank policy prohibits more than six pre authorized transfers per month
Promotional APY for first 180 days after account opening; Balance: $10,000.00 and over (balances at or below $9,999.99 earn the non-promotional rate); new money required; new personal savings clients only; personal accounts only; early account closure fee may apply within 180 days; area restrictions may apply
Qualifications Required; Qualifying balance up to $25,000.00; Non-qualifying rate 0.00% APY; Rates effective 3/25/26
Earn up to 3.50% APY when you are an account owner of a Bank Smartly Checking, Safe Debit account, or Bank Smartly Visa Signature Card and have a Combined Qualifying Balance (CQB) of at least $25,000; APYs may vary by location; Monthly maintenance fee $5, waivable
Requires an open Huntington Perks Checking; Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
- Nov 11, 20263.25%▲ from 0.01%
- Sep 14, 20260.01%first recorded
Balance: $0.01 - $4,999.99; variable APY subject to change daily after account opening; APY accurate as of 07/17/2026
Balance: $50,000 - $99,999; Rates accurate as of 10/22/2026
Balance: $5,000.00 - $2,000,000.99; APY range 2.40%-4.00% and rate range 2.38%-3.94% based on zip code; variable rate, subject to change; minimum $5,000 new money not currently deposited at Huntington; Relationship Savings Account; $10 monthly fee if average daily balance below $2,500 and no qualifying checking account
Balance: $1,000,000 and over; Savings & IRA
Balance: $0 - $49,999; Rates accurate as of 10/22/2026
Balance: $500,000 - $999,999; Savings & IRA
Balance: $250,000 - $499,999; Savings & IRA
Balance: $100,000 - $249,999; Savings & IRA
Balance: $50,000 and over; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $0.00-$50,000.00
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.
Cleveland, OH Savings Rate Trends
Compare local Cleveland, OH 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.
Ohio high-yield savings rates rose 0.074 points over the past 7 days to 2.678% APY, up from 2.603%.
Ohio standard savings rates fell 0.001 points over the past 7 days to 0.358% APY, down from 0.359%.
Cleveland, Ohio Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current OH 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 OH high-yield savings average of 2.678% 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 Cleveland, Ohio.
Savings Account Earnings in Cleveland, Ohio
Annual interest earnings at current OH average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.678% APY) | Monthly Earnings | Standard Savings (0.358% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $133.88 / year | $11.16 | $17.90 / year | $1.49 |
| $10,000 | $267.76 / year | $22.31 | $35.79 / year | $2.98 |
| $25,000 | $669.40 / year | $55.78 | $89.48 / year | $7.46 |
| $50,000 | $1,338.80 / year | $111.57 | $178.95 / year | $14.91 |
| 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: Cleveland, Ohio savings rate averages as of November 12, 2026. | ||||
About Our Cleveland, Ohio Savings Rate Database
MonitorBankRates found 23 institutions with branches in Cleveland (11 banks, 12 credit unions). 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: CF Bank offers a savings account at 4.25% APY. Use the rate table above to compare all current offers in Cleveland, Ohio.
How to Find the Best Savings Rates in Cleveland, Ohio
What to compare when shopping for a savings account in Cleveland, Ohio
To find the best savings APYs in Cleveland, Ohio, start with credit unions and online-only banks: Cleveland, Ohio has 12 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 OH high-yield savings average is 2.678% but top local institutions are offering as high as 4.25%, 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.
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. Cleveland, Ohio high-yield savings rates currently average 2.678% 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 Cleveland, Ohio institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 23 institutions in Cleveland, Ohio 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 Cleveland, Ohio CD rates
- You want check-writing flexibility Cleveland, Ohio money market rates
- You need daily transaction access Cleveland, Ohio checking rates
Cleveland, Ohio Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
15.2% of residents are 65 or older, below the national average of 17.3%; an unemployment rate of 10.8% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s OH high-yield savings average of 2.678%, saving 10% of the local median salary ($3,293/year) would earn an additional $88 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Cleveland, Ohio Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Cleveland, Ohio.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current OH Avg APY | 2.678% | 0.358% | 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 Cleveland, Ohio averages tracked in our database as of November 12, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Cleveland, Ohio
At OH’s top rate of 4.25% from CF Bank, a $10,000 deposit earns $425 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Cleveland, Ohio earner is roughly $8,200. At 2.678% APY, saving $690/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsOhio’s high-yield savings average is 2.678% 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 Cleveland, Ohio earner makes $32,936/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.678% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.678% APY grows to roughly $42,409 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 Cleveland, Ohio 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 Cleveland, Ohio 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 Cleveland, Ohio. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in OH.
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 Cleveland, Ohio
What are savings account rates in Cleveland, Ohio today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Cleveland, Ohio safe?
How often do savings rates change in Cleveland, Ohio?
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 Cleveland, Ohio?
How do I open a savings account in Cleveland, Ohio?
Best Savings Rates in Cleveland, Ohio
- CF Bank
High Yield Savings: 4.25% APY - Flagstar Bank, National Association
High Interest Savings (Flagstar Ready Savings): 4.00% APY - Ukrainian Federal Credit Union
High Dividend Share Draft: 4.00% APY - US Bank
Bank Smartly Savings Account: 3.50% APY - The Huntington National Bank
Relationship Savings Account: 3.25% APY
Cleveland, Ohio Rates & Resources
