Madison, Ohio Savings Rates for October 2026
Brian McKay
Brian McKay
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Madison, Ohio savings account rates range from 0.01% to 10.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Madison, Ohio and the surrounding area include The Huntington National BankThe Huntington National Bank6565 N Ridge Rd, Madison, OH 44057A+5.0 ★Texas Ratio: 3.66%Real return: -0.45%APY minus 3.7% CPIRate verified Oct 31, 2026 Relationship Savings Account - With Huntington Perks Checking at 3.25% APY, The Andover BankThe Andover Bank6611 N Ridge Rd, Madison, OH 44057A4.5 ★Texas Ratio: 1.91%Real return: -1.63%APY minus 3.7% CPIRate verified Oct 28, 2026 Companion Savings at 2.07% APY, Woodforest National BankWoodforest National Bank6067 N Ridge Rd, Madison, OH 44057A-5.0 ★Texas Ratio: 14.96%Real return: -3.35%APY minus 3.7% CPIRate verified Oct 31, 2026 Personal Savings at 0.35% APY, Bayer Heritage Federal Credit UnionBayer Heritage Federal Credit UnionA5.0 ★Texas Ratio: 11.93%Real return: +6.30%APY minus 3.7% CPIRate verified Oct 29, 2026 High Yield Savings at 10.00% APY, and Treadwell Credit UnionTreadwell Credit UnionA5.0 ★Texas Ratio: 7.47%Real return: +4.30%APY minus 3.7% CPIRate verified Oct 30, 2026 Infinity Savings at 8.00% APY.
Madison has 21 local institutions in our database, with savings rates as high as 3.25% APY from The Huntington National Bank at 6565 N Ridge Rd, Madison, OH 44057. 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 Madison, Ohio and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Madison, Ohio & Surrounding Communities
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $5,000.00 to $2,000,000.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 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
Qualifications Required: 12 debit card transactions over $10.00 posted to account; Balance tier from $2,500.00; 0.05% if qualifications not met
Balance tier from $10,000.01
Balance: $10,000.00 and over; a daily collected balance of $10,000 must be maintained to obtain the yield; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Interest compounded and credited quarterly
Over $10,000; Balance: $10,000 and over; Transaction limits: Limited
Over $10,000; Balance Required to Earn APY: $10,000; Transaction Limits: Limited
- Oct 20, 20260.30%▼ from 0.35%
- Sep 14, 20260.35%first recorded
Balance: $0.00 - $9,999.99; Tiered rate: 0.20% if daily collected balance is less than $10,000; Monthly minimum balance fee $3.00 if balance falls below $200 any day of the statement period; Interest compounded and credited quarterly
Under $10,000; Balance: $0.01 - $9,999.99; Transaction limits: Limited
Balance tier from $10,000.00
Under $10,000; Balance Required to Earn APY: $0.01; Transaction Limits: Limited
- Oct 20, 20260.05%▼ from 0.20%
- Sep 14, 20260.20%first recorded
Balance tier from $5,000.00
Balance tier from $1,000.00
Compounds quarterly
Balance: $0.01 to $4,999.99; Requires open Huntington Perks Checking account; Rates effective as of Monday, October 19, 2026
Balance: $0.01 to $4,999.99; Requires open Huntington Platinum Perks Checking account; Rates effective as of Monday, October 19, 2026
Compounds monthly
Balance: $0.00 - $4,999.99; earns 0.01% APY
Balance: $0.01 to $4,999.99; Non-Relationship Rate; Minimum balance to earn interest is $0.01 and must be new money to Huntington; Rates effective as of Monday, October 19, 2026
Balance: Up to $1000.00
Qualifying balance up to $1,000.00
Minimum to earn dividends: $.01; Must be opened in a branch; not available online; Limit one Youth Startup Account per member; Funds transfer to primary membership savings at age 18
Balance: $0-$1500.00
Balance: $0.01 to $1,000.00; Earn 7.00% APY on the first $1,000; No minimum balance requirement to open an account
Balance: up to $2000; SmartStart APY is a blended rate of the funds in each tier
Headline: Student Savings up to 5.13% APR; Footnote: 5.13% APY paid on average daily balance above $1,000.01; $0.00 - $1,000 earns 0.05% APY; Members up to age 17 (or older with a current student ID); $5.00 balance in Main Share Membership Savings required to open
- Oct 30, 20265.13%▲ from 0.07%
- Sep 14, 20260.07%first recorded
Balance: Up to $1,000.00; Youth savings account for kids under 18
Ages: 0-18; Balance: up to $1,000.00; 1 free withdrawal per quarter; $25.00 fee for each additional withdrawal
Balance: $100.00 - $5,000.99; APY dividend of 5.00% earned on balances $100.00 to $5,000.99; balances $5,001.00 and above earn 0.20% APY; requires open checking account under the same membership number; must be 22 years or older; one per Social Security or Taxpayer Identification Number; rates subject to change without notice after account opening
Range: $5.00; Dividend Rate 4.25%; for members under 18, matures on the child's 18th birthday into a primary share/savings account; Savings/Shares Rates as of 10/1/2026
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
Offered via Raisin platform; APY as of October 30, 2026
- Oct 14, 20264.00%▲ from 3.86%
- Sep 18, 20263.86%first recorded
APY accurate as of March 30, 2026; Rate subject to change after account opening; No minimum balance requirement; No monthly service fees; Interest compounded and credited monthly; Available in eligible markets only
Promotional APY on balances greater than or equal to $10,000 for the first 180 days after account opening; new money required; balances at or below $9,999.99 receive the non-promotional rate; new personal savings clients only; one promotion per household
- Oct 14, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Qualifications Required; Qualifying balance up to $25,000.00; Non-qualifying rate 0.00% APY; Rates effective 3/25/26
Balance: $25,000.00 and over; Compounding: Monthly
ConnectMORE APY; Interest rate subject to change after 12 months
Everyday APY; Interest rate subject to change after 12 months
- Oct 13, 20263.90%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Early withdrawal penalties apply; Business accounts must be opened by Alero Financial staff
Additional deposits: Any Amount
Balance: $100,000 and over
Balance: $200,000 & Over
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
Balance: $25,000 and over; Waive $20.00 monthly service fee by maintaining a $10,000 minimum daily balance; Free online banking; Free mobile banking; Free e-statements
Balance: $500,000 or more
Balance: $25,000 +
Balance: $100,000 and over
Balance: $0 - $75,000.00; Qualifying balance up to $75,000.00
Balance: $25.00 and over
Balance: $0.00 - $249,999.99; Electronic statements; No monthly fee; Unlimited withdrawals
Balance: $250,000 - $500,000
- Oct 8, 20263.30%▲ from 3.05%
- Sep 16, 20263.05%first recorded
Balance: $100,000 - $199,999
Balance: $100,000.00 - $499,999.99; Rate based on average daily balance; No monthly maintenance fees or statement fee
Balance: $10,000 - $24,999
Published APY range: 3.21% to 0.50%. Ages: 0-18; Balance: over $2,500, APY depends on balance in account; 1 free withdrawal per quarter; $25.00 fee for each additional withdrawal
Balance: $75,000.00 and over; Rates as of 08/01/2026
Balance: $0.01 - $149.99; Pocket Saver dividends pay quarterly
Balance: $100,000 and higher; Dividends compound & paid: Monthly
Balance: $25,000 & up; Dividend Period: Monthly
- Sep 21, 20263.04%▲ from 2.63%
- Sep 14, 20262.63%first recorded
Balance: $250,000 to $999,999.99; Effective Date: Monday, October 19th, 2026
Balance: $25,000 - $99,999
Balance: Portion up to $500; Available to members up to age 25; variable rate account
Balance: $0.00 - $5,000.00; Youth savings account for members up to age 22; $0 monthly fees (eStatements required); joint application with parent/guardian as joint owner required; Rate is variable and may change without notice
Balance: Up to $1,000; Earn higher dividends on the first $1,000 in the account
Balance: $1,000,000 and above; Requires $2,000 balance in Main Share account to qualify for Super Share
Balance: $5.00 - $2,500.00; available to members up through age 18; APY dividend of 2.96% earned on balances $5.00-$2,500.00; balances over $2,500.00 earn 0.20% APY; Minimum Balance/Average Daily Balance: $5/$5
Balance: $5.00 - $1,000.00; Earn 3.0% APY on first $1,000; Available to members age 0-21
- Oct 5, 20263.00%▼ from 3.00%
- Sep 14, 20263.00%first recorded
Abbey Rewards account; see disclosures for more information
Balance: $100 - $1,000
Balance: $25,000.00+
Balance: $20,000.00 - $74,999.99; Rates as of 08/01/2026
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.
Madison, OH Savings Rate Trends
Compare local Madison, 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 fell 0.026 points over the past 7 days to 2.614% APY, down from 2.640%.
Ohio standard savings rates fell 0.016 points over the past 7 days to 0.355% APY, down from 0.371%.
Madison, 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 2.614% 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 Madison, Ohio.
Savings Account Earnings in Madison, 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 (2.614% APY) | Monthly Earnings | Standard Savings (0.355% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $130.70 / year | $10.89 | $17.75 / year | $1.48 |
| $10,000 | $261.40 / year | $21.78 | $35.49 / year | $2.96 |
| $25,000 | $653.50 / year | $54.46 | $88.73 / year | $7.39 |
| $50,000 | $1,307.00 / year | $108.92 | $177.45 / year | $14.79 |
| 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: Madison, Ohio savings rate averages as of October 31, 2026. | ||||
About Our Madison, Ohio Savings Rate Database
MonitorBankRates found 3 institutions with branches in Madison, plus 41 additional state-chartered and national online institutions available to Madison 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: The Huntington National Bank offers a savings account at 3.25% APY. Use the rate table above to compare all current offers in Madison, Ohio.
How to Find the Best Savings Rates in Madison, Ohio
What to compare when shopping for a savings account in Madison, Ohio
To find the best savings APYs in Madison, Ohio, start with credit unions and online-only banks: Madison, Ohio has 27 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 2.614% 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.
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. Madison, Ohio high-yield savings rates currently average 2.614% 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 Madison, Ohio institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 44 institutions in Madison, Ohio report savings rates to our database.
- You’re among Madison, Ohio’s 19.8% 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 Madison, Ohio CD rates
- You want check-writing flexibility Madison, Ohio money market rates
- You need daily transaction access Madison, Ohio checking rates
Madison, Ohio Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
19.8% of residents are 65 or older, in line with the national average of 17.3%; a low unemployment rate of 2.6% reflects a strong local economy with solid savings capacity. At today’s OH high-yield savings average of 2.614%, saving 10% of the local median salary ($4,237/year) would earn an additional $111 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Madison, Ohio Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Madison, Ohio.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current OH Avg APY | 2.614% | 0.355% | 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 Madison, Ohio 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 Madison, Ohio
At OH’s top rate of 3.25% from The Huntington National Bank, 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 Madison, Ohio earner is roughly $10,600. At 2.614% APY, saving $880/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 2.614% 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 Madison, Ohio earner makes $42,376/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.614% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.614% APY grows to roughly $41,886 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 Madison, 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 Madison, 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 Madison, 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 Madison, Ohio
What are savings account rates in Madison, Ohio today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Madison, Ohio safe?
How often do savings rates change in Madison, 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 Madison, Ohio?
How do I open a savings account in Madison, Ohio?
Best Savings Rates in Madison, Ohio
- The Huntington National Bank
Relationship Savings Account - With Huntington Perks Checking: 3.25% APY - The Andover Bank
Companion Savings: 2.07% APY - Woodforest National Bank
Personal Savings: 0.35% APY - Bayer Heritage Federal Credit Union
High Yield Savings: 10.00% APY - Treadwell Credit Union
Infinity Savings: 8.00% APY
Madison, Ohio Rates & Resources
