Parma, Ohio Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current savings account rates for Parma, Ohio and the surrounding area range from 1.50% to 3.75% APY across the five banks and credit unions featured below, verified by MonitorBankRates as of September 28, 2026. The best savings rates for Parma, Ohio and the surrounding area include Flagstar Bank, National AssociationFlagstar Bank, National Association5767 Broadview Rd, Parma, OH 44134D3.1 ★Texas Ratio: 37.37%Real return: +0.95%APY minus 2.8% CPI (February 2026) Flagstar Ready Savings at 3.75% APY, Citizens AccessCitizens Access7450 Broadview Rd, Parma, OH 44134A5.0 ★Texas Ratio: 7.72%Real return: +0.00%APY minus 2.8% CPI (February 2026) Savings account at 2.80% APY, The Huntington National BankThe Huntington National Bank6660 Ridge Rd, Parma, OH 44129A5.0 ★Texas Ratio: 6.08%Real return: -0.40%APY minus 2.8% CPI (February 2026) High-Yield Savings at 2.40% APY, All Saints Federal Credit UnionAll Saints Federal Credit Union6740 Broadview Rd, Parma, OH 44134 4886A+5.0 ★Texas Ratio: 2.32%Real return: -0.53%APY minus 2.8% CPI (February 2026) Money Market Savings Accounts at 2.27% APY, and Dollar Bank, Federal Savings BankDollar Bank, Federal Savings Bank5219 Pearl Rd, Parma, OH 44129A+5.0 ★Texas Ratio: 5.60%Real return: -1.30%APY minus 2.8% CPI (February 2026) Business Relationship Savings at 1.50% APY.
Parma has 34 local institutions in our database, with savings rates as high as 3.75% APY from Flagstar Bank, National Association at 5767 Broadview Rd, Parma, OH 44134. 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 Parma, Ohio and the surrounding area. Last Updated and Verified: September 28, 2026
Compare the Best Savings Rates in Parma, Ohio & Surrounding Communities
Promotional annual percentage yield of 3.75% is available on balances greater than or equal to $10,000 for the first 180 days after account opening. Balances at or below $9,999.99 do not qualify for this promotional rate and are subject to the current non-promotional interest rate applicable to this account type. At the end of the 180-day promotional period, the interest rate and APY will revert to the then-posted non-promotional rate(s) applicable to this account type. New Money required. Limited to one promotion per household. Early account closure fee may be imposed for accounts closed within 180 days.
2.80% APY for balances of $0.01 - $4,999.99; 2.80% APY for balances of $5,000 or more.
Published APY range: 2.40%-4.00%; Published rate range: 2.38%-3.94%. Rates based on zip code and with a minimum of $5,000 not currently deposited at Huntington. Get your variable rate after opening a Huntington Relationship Savings Account when you maintain deposits of $5,000.00 - $2,000,000.99. Balances $2,000,001.00 and above will earn 0.01% (0.01% APY). Balances below $5,000.00 will earn 0.01% (0.01% APY). Fees may reduce earnings. When your balance falls into a specific rate tier, your entire balance will earn the applicable rate in effect for that tier. Offer is limited to one per household. We also reserve the right to limit acceptance of deposits greater than $2,000,000.00. Not valid with any other offer. Initial minimum opening deposit to earn the higher interest rate on the HRSA is $5,000.00 and must be "New Money" which is defined as money that is not currently on deposit in any Huntington account (except maturing CDs).
Balance: $75,000.00- Greater
Balance: $5,000.00 - $74,999.99
Balance: $0.00 - $50,000.00
Balance: $50,000.01 - $100,000.00
Balance: $75,000 and up
Balance: $5,000,000.00 - $25,000,000.00
Balance: $25,000 - $74,999.99
Balance: $0.00 - $4,999,999.99
Balance: $5,000 - $24,999.99
Balance: $50+
Balance: $1000 - $4,999.99
Balance: $100,000.01 +
Rate: 0.10% over $100.00
The minimum balance required to open a Share or Youth & Young Adult savings account is $5; for IRA savings, it is $25. There is no minimum balance to open a Christmas Club account. APY = Annual Percentage Yield. The Youth or Young Adult Share Savings account is eligible for ages 24 and under only, and upon the primary accountholder's 25th birthday, this account will automatically convert to a Regular Share Savings account, subject to its rates and conditions.
The minimum balance required to open a Share or Youth & Young Adult savings account is $5; for IRA savings, it is $25. There is no minimum balance to open a Christmas Club account. APY = Annual Percentage Yield. The Youth or Young Adult Share Savings account is eligible for ages 24 and under only, and upon the primary accountholder's 25th birthday, this account will automatically convert to a Regular Share Savings account, subject to its rates and conditions.
Balance: $100,000 +
Minimum to Obtain: $100000
Balance: $100000 and over
Balance: $0 to $24,999.99
Balance: $0.01 to $4,999.99; With Huntington Perks Checking**
The minimum balance required to open a Share or Youth & Young Adult savings account is $5; for IRA savings, it is $25. There is no minimum balance to open a Christmas Club account. APY = Annual Percentage Yield. The Youth or Young Adult Share Savings account is eligible for ages 24 and under only, and upon the primary accountholder's 25th birthday, this account will automatically convert to a Regular Share Savings account, subject to its rates and conditions.
Minimum to Obtain: $10
Balance: $2000 - $24999.99
Balance: $0.01 to $4,999.99; Non-Relationship Rate
Balance: $50+
Balance: $5+
Balance: $5+
Balance: Up to $1000.00
Earn up to 10% APY* on the first $1000 in our new High Yield Savings account! See all the details.
Balance: $0 - $10,000
Balance: $5,000 and under
Min. Balance to earn APY: $.01 to earn dividends
Balance: $0-$1500.00
Balance: $0.00 - $1,000.00; The Enhanced Health Savings Account (HSA) is a variable rate account, and the dividend rates and APYs may change after the account is opened. Fees may reduce earnings. All members are required to open and maintain a TrueSaver account in order to have any other WPCU product or service.
Balance: $0.01 to $1,000.00
Balance: up to $2000
ages 0-17 or older with current Student ID
Ohio Homebuyer Plus program account; minimum ledger balance to earn interest $100.00
Balance: Up to $1,000
Balance: $10,000.01 - $100,000
5.00% APY on balances up to $1,000; 5.00% to 3.21% APY on balances between $1,000 and $2,500 depending on balance in account; 3.21% to 0.50% APY on balances over $2,500 depending on balance in account; 1 free withdrawal per quarter; $25.00 fee for each additional withdrawal; Shared branching available; Funds insured by the NCUA
Accelerate It Savings2: APY dividend of 5.00% is earned on balances $100.00 to $5,000.99. Balances $5,001.00 and above will receive APY of 0.20%. One Accelerate It Savings per Social Security or Taxpayer Identification Number. You must have an open checking account located under the same membership number as the Accelerate It Savings account. If your checking account is closed for any reason, your Accelerate It Savings account will convert to a Regular Savings account. You must be 22 years or older to open an Accelerate It Savings account. Rate offers accurate as of 06/01/2025. APY is accurate as of the last dividend declaration date. Other rates and terms available. Fees may reduce earnings on the account. Membership eligibility required.
- Sep 18, 20265.00%▼ from 5.00%
- Sep 14, 20265.00%first recorded
Interest is compounded and credited monthly. Available in eligible markets only.
Earn 4.00% APY* on balances up to $25,000; Earn 0.500% APY* on balances over $25,000; No minimum balance required; No monthly maintenance fees; Sync to digital wallet like Apple Pay for contactless, cashless purchases; Mobile App for Apple and Android devices - deposit checks, apply for a loan, open a new account, send money to family and friends with Zelle; Visa Debit Card with EMV chip technology; CO-OP Nationwide ATM & Shared Branch Network with nearly 30,000 surcharge free ATMs, 5,000 branches; Overdraft line-of-credit up to $20,000 available; Enroll in VISA Debit Card purchase alerts Click here
Balance: $25,000+; Compounding: Monthly
Balance: $1
Balance: $100,000 and greater
Additional Deposits: Any Amount
Balance: $500,000+
Waive $20.00 monthly service fee by maintaining a $10,000 minimum daily balance; Free online banking; Free mobile banking; Free e-statements
Balance: $5,000-$99,999
Balance: $25,000 +
Balance: $25.00+
Balance: $250,000 - $499,999.99
Balance: $1,000-$4,999
On Balances $100,000-$499,999; Rate based on average daily balance; Higher balances earn higher rates; No monthly maintenance fees or statement fee; Free online banking; Free mobile banking; Free e-statements
Balance: $10,000 - $24,999
Balance: $500,000 & Greater; $10.00 if ADB <$2,500
Balance: $200,000 - Over
Balance: $100,000 - $249,999.99
Rate based on current balance
Balance: $50,000 and over
- Sep 24, 20263.04%▼ from 3.10%
- Sep 7, 20263.10%first recorded
Available in-branch only. You must maintain an average daily balance of $100,000 to earn the annual percentage yield stated; on a balance below $100,000 you would earn the Personal Statement Savings annual percentage yield.
Balance: $0.01 to $999.99
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.
Parma, OH Savings Rate Trends
Compare local Parma, 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 0.003 points over the past 7 days to 1.965% APY, down from 1.968%.
Ohio standard savings rates fell 0.002 points over the past 7 days to 0.812% APY, down from 0.814%.
Parma, 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 2026–2027.
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 1.965% 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 60–90 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 Parma, Ohio.
Savings Account Earnings in Parma, 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 (1.965% APY) | Monthly Earnings | Standard Savings (0.812% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.26 / year | $8.19 | $40.60 / year | $3.38 |
| $10,000 | $196.52 / year | $16.38 | $81.20 / year | $6.77 |
| $25,000 | $491.30 / year | $40.94 | $203.00 / year | $16.92 |
| $50,000 | $982.60 / year | $81.88 | $406.00 / year | $33.83 |
| 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: Parma, Ohio savings rate averages as of September 28, 2026. | ||||
About Our Parma, Ohio Savings Rate Database
MonitorBankRates found 11 institutions with branches in Parma (5 banks, 6 credit unions), plus 30 additional state-chartered and national online institutions available to Parma 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 (1–5), 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: Flagstar Bank, National Association offers a savings account at 3.75% APY with a minimum deposit of $1. Use the rate table above to compare all current offers in Parma, Ohio.
How to Find the Best Savings Rates in Parma, Ohio
What to compare when shopping for a savings account in Parma, Ohio
To find the best savings APYs in Parma, Ohio, start with credit unions and online-only banks: Parma, Ohio has 20 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 1.965% but top local institutions are offering as high as 3.75%, 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 3–6 months of expenses in a liquid, FDIC-insured account. Parma, Ohio high-yield savings rates currently average 1.965% APY, far above a typical checking account.
- Short-term savings goals (6–24 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 Parma, Ohio institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 41 institutions in Parma, Ohio report savings rates to our database.
- You’re among Parma, 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 → Parma, Ohio CD rates
- You want check-writing flexibility → Parma, Ohio money market rates
- You need daily transaction access → Parma, Ohio checking rates
Parma, 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%; an unemployment rate of 6.4% (vs. 4.8% nationally) underscores the value of keeping liquid emergency savings. At today’s OH high-yield savings average of 1.965%, saving 10% of the local median salary ($4,132/year) would earn an additional $81 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Parma, Ohio Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Parma, Ohio.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current OH Avg APY | 1.965% | 0.812% | 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 – $100 | $25 – $100 | $0 – $2,500 | $500 – $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 Parma, Ohio averages tracked in our database as of September 28, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Parma, Ohio
At OH’s top rate of 3.75% from Flagstar Bank, National Association, a $10,000 deposit earns $375 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Parma, Ohio earner is roughly $10,300. At 1.965% APY, saving $860/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 1.965% 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 Parma, Ohio earner makes $41,323/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.965% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.965% APY grows to roughly $36,896 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 Parma, 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 Parma, 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 Parma, 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 Parma, Ohio
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Parma, Ohio safe?
How often do savings rates change in Parma, 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 Parma, Ohio?
How do I open a savings account in Parma, Ohio?
Best Savings Rates in Parma, Ohio
- Flagstar Bank, National Association
Flagstar Ready Savings: 3.75% APY - Citizens Access
Savings account: 2.80% APY - The Huntington National Bank
High-Yield Savings: 2.40% APY - All Saints Federal Credit Union
Money Market Savings Accounts: 2.27% APY - Dollar Bank, Federal Savings Bank
Business Relationship Savings: 1.50% APY
Parma, Ohio Rates & Resources
