The best savings rates for Lorain, Ohio and the surrounding area include The Huntington National BankThe Huntington National Bank4200 Oberlin Ave, Lorain, OH 44053A+5.0 ★Texas Ratio: 4.60% High-Yield Savings at 2.98% APY, GenFed Financial Credit UnionGenFed Financial Credit Union5320 Oberlin Ave, Lorain, OH 44053A+5.0 ★Texas Ratio: 4.29% Health Savings Account at 0.65% APY, CLEVELAND SELFRELIANCECLEVELAND SELFRELIANCE3010 CHARLESTON AVE, LORAIN, OH 44055A5.0 ★Texas Ratio: 6.34% REGULAR SHARES at 0.36% APY, Achieve Credit UnionAchieve Credit Union4459 Oberlin Ave, Lorain, OH 44053A+5.0 ★Texas Ratio: 4.26% Roth / Traditional IRA (Share Savings) at 0.05% APY, and Northwest Bank Warren, PANorthwest Bank Warren, PA457 Broadway, Lorain, OH 44052A+5.0 ★Texas Ratio: 5.33% Statement Savings at 0.01% APY.
To see how these savings rates in Lorain, Ohio, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Lorain, Ohio (OH) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Lorain, Ohio and the surrounding area. Last Updated and Verified: March 20, 2026
Compare local Lorain, OH savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Ohio high-yield savings rates currently average 2.810% APY based on data from institutions in our monitoring network.
Ohio standard savings rates rose 0.426 points this week to 0.876% APY, up from 0.450% last week.
Minimum of $5,000 not currently deposited at Huntington.
Over $5,000
Qualifying balance up to $1,000.00
Up to $5,000
Over $1,000
Up to $1,000
Qualifying balance up to $1,000.00
2,4
Qualifying balance up to $5,000.00
Qualifying balance up to $1500.00
Qualifying balance up to $1500.00
Qualifying balance up to $1500.00
KEMBA Advantage APY
Qualifying balance up to $1,000.00
APY = Annual Percentage Yield. Terms apply.
(ages 0-17 or older with current Student ID)
Qualifying balance up to $5,000.00
Qualifying balance up to $1,000.00
Qualifying balance up to $1,000.00
Qualifying balance up to $25,000.00
Qualifying balance up to $25,000.00
$250 Minimum / 12 Months; ConnectMORE APY*
Intro rate subject to change
$500; Month
Any Amount
over current rate account is earning
Rate based on current balance
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Lorain, 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 Lorain, 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.