Austin, Texas Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Austin, Texas savings account rates range from 0.40% to 5.00% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Austin, Texas and the surrounding area include WaFd BankWaFd Bank3800 N Lamar Blvd, Austin, TX 78756A+5.0 ★Texas Ratio: 4.48%Real return: +2.20%APY minus 2.8% CPI (February 2026) Start Savings at 5.00% APY, Texas DPS Credit UnionTexas DPS Credit Union621 W Saint Johns Ave, Austin, TX 78752 2315A+5.0 ★Texas Ratio: 0.67%Real return: +2.20%APY minus 2.8% CPI (February 2026) Easy Save Savings at 5.00% APY, Nizari Progressive Federal Credit UnionNizari Progressive Federal Credit Union12730 Research Blvd, Austin, TX 78759A+5.0 ★Texas Ratio: 1.16%Real return: +1.20%APY minus 2.8% CPI (February 2026) Nizari Savings Plus at 4.00% APY, Capitol Credit UnionCapitol Credit Union11920 Alterra Pkwy, Austin, TX 78758A+5.0 ★Texas Ratio: 1.21%Real return: +1.20%APY minus 2.8% CPI (February 2026) Kasasa Saver Savings at 4.00% APY, and Technology Credit UnionTechnology Credit Union823 Congress Ave Ste 300, Austin, TX 78701 2448A+5.0 ★Texas Ratio: 3.57%Real return: +1.20%APY minus 2.8% CPI (February 2026) High-Yield Savings Account at 4.00% APY.
Austin has 75 local institutions in our database, with savings rates as high as 5.00% APY from WaFd Bank at 3800 N Lamar Blvd, Austin, TX 78756. Use the table below to compare all available offers, including options from institutions serving the broader Texas area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Austin, Texas and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Austin, Texas & Surrounding Communities
Balance: $0 - $500; No minimum to earn blended rate interest; No monthly service charge; Checking account required to open; Open Online
Balance: $0 - $500; Compounded Quarterly
Balance: $1,000.00 - $250,000.00
- Sep 29, 20264.00%▼ from 4.00%
- Sep 25, 20264.00%▼ from 4.00%
- Sep 21, 20264.00%▼ from 4.00%
- Sep 18, 20264.00%▼ from 4.00%
Balance: $0 - $100,000; Qualifying balance up to $100,000.00
Qualifications Required; Balance: $0.01 - $5,000.00; Requires accompanying Tech CU Checking Account; $100.00 minimum with new-to-Tech CU money to open; Qualified tier APY for balances up to $5,000.00
Annual Percentage Yield is variable and subject to change at any time; No minimum balance requirement and no account fees; Must fund within 15 business days of account opening
Balance: $7,500,000.01 and over
Only available in Texas; Qualifying balance up to $1,000,000.00
Balance: $500,000 and above
- Sep 18, 20263.85%▲ from 3.77%
- Sep 14, 20263.77%first recorded
Balance: >= $5,000
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
Balance: $100 - $25,000.00; No monthly service fee; Tiered base dividend; Dividend accrues from the date of deposit; Dividends are compounded and paid monthly
Balance: All Balances
Balance: $200,000.00 and over
Balance: $4,500,000.01 - $7,500,000.00
- Sep 29, 20263.56%▲ from 3.56%
- Sep 25, 20263.56%▼ from 3.56%
- Sep 21, 20263.56%▼ from 3.56%
- Sep 18, 20263.56%▼ from 3.56%
Balance: $2,500,000.01 - $3,500,000.00
- Sep 29, 20263.51%▲ from 3.51%
- Sep 25, 20263.51%▼ from 3.51%
- Sep 21, 20263.51%▼ from 3.51%
- Sep 18, 20263.51%first recorded
Balance: $250,000.01 - $500,000.00
- Sep 29, 20263.51%▲ from 3.51%
- Sep 25, 20263.51%▼ from 3.51%
- Sep 21, 20263.51%▼ from 3.51%
- Sep 18, 20263.51%▼ from 3.51%
Balance: $500,000.00 - $1,500,000.00
- Sep 29, 20263.45%▼ from 3.45%
- Sep 25, 20263.45%▼ from 3.45%
- Sep 21, 20263.45%▼ from 3.45%
- Sep 18, 20263.45%first recorded
Balance: $250,000 - $499,999
- Sep 18, 20263.35%▲ from 3.30%
- Sep 14, 20263.30%first recorded
Balance: $500,000.01 - $1,000,000.00
- Sep 25, 20263.35%▼ from 3.35%
- Sep 21, 20263.35%▼ from 3.35%
- Sep 18, 20263.35%▼ from 3.35%
- Sep 14, 20263.35%first recorded
Balance: $25,000 or more; Rates for New Savings Customers; Earn 3.25% APY as a new Wells Fargo savings customer; California Bay Area counties branches only
- Oct 14, 20263.25%▲ from 0.05%
- Oct 7, 20260.05%▲ from 0.01%
- Sep 14, 20260.01%first recorded
Balance: $1,000,000 - Up
- Sep 18, 20263.15%▲ from 3.00%
- Sep 14, 20263.00%first recorded
APY is variable and effective 10/14/2026; No fees; No minimums
- Oct 2, 20263.10%▲ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $50,000.00 and over
Balance: $1,000,000.01 & Over
- Sep 29, 20263.04%▼ from 3.04%
- Sep 25, 20263.04%▼ from 3.04%
- Sep 21, 20263.04%▼ from 3.04%
- Sep 18, 20263.04%▼ from 3.04%
Balance: $100,000.00 to $199,999.99
Qualifications Required; Balance: $0.01 - $24,999.99; Qualifying balance up to $24,999.99; Earn high-yield dividends with your qualifying Members Choice Complete Checking account
Balance: $100,000 - $249,999
- Sep 18, 20262.94%▲ from 2.86%
- Sep 14, 20262.86%first recorded
Balance: $100+; Dividends: Quarterly
Balance: $500.01 - $1000; No minimum to earn blended rate interest; No monthly service charge; Checking account required to open; Open Online
Balance: $100,000 - $999,999
- Sep 18, 20262.15%▲ from 2.00%
- Sep 14, 20262.00%first recorded
Balance: All Balances
Balance: All Balances
Balance: $25,000 - $99,999
Balance: $500.00 to $49,999.99
Balance: $100.00 to $99,999.99
Balance: $0.01 and over
- Oct 11, 20262.02%▲ from 1.00%
- Sep 14, 20261.00%first recorded
Balance: $0 - $500; Compounded Quarterly
Balance: $250,000.00 and over
Balance: $250,000 and over
Balance: $10,000 or more; Minimum opening deposit is $25; Account holder must have a new checking account with Broadway Bank; Existing checking account holders will be reviewed for eligibility; Fees may reduce earnings
Balance: $10,000 - $99,999
- Sep 18, 20261.55%▲ from 1.35%
- Sep 14, 20261.35%first recorded
Balance: $10,000 - $24,999
Balance: $250,000 and above
Balance: $250,000 and above
Balance: $0 - $9,999
- Sep 18, 20261.40%▲ from 1.20%
- Sep 14, 20261.20%first recorded
Balance: $100,000 - $249,999
- Sep 18, 20261.26%▲ from 0.90%
- Sep 14, 20260.90%first recorded
Balance: $100,000 - $249,999
- Sep 18, 20261.26%▲ from 0.90%
- Sep 14, 20260.90%first recorded
Balance: $150,000.00 - $249,999.99
Balance: $150,000 - $249,999.99
Balance: $100,000.00 - $149,999.99
Balance: $100,000 - $149,999.99
Balance: $2,500.00 - $49,999.99
Balance: $2,500 - $49,999.99
Balance: All Balances
Balance: $10 +; No monthly service charge; Open Online
Balance: >= $25,000
Balance: $25,000.01 and over; No monthly service fee; Tiered base dividend; Dividend accrues from the date of deposit; Dividends are compounded and paid monthly
- Sep 29, 20261.00%▼ from 1.01%
- Sep 25, 20261.01%▼ from 1.01%
- Sep 21, 20261.01%▼ from 1.01%
- Sep 18, 20261.01%▼ from 1.01%
Balance: $2,500 - $249,999; Compounded Monthly
Balance: $50,000 - $99,999
- Sep 18, 20260.90%▲ from 0.60%
- Sep 14, 20260.60%first recorded
Balance: $50,000 - $99,999
- Sep 18, 20260.90%▲ from 0.60%
- Sep 14, 20260.60%first recorded
Balance: $100,000.01 & Over
- Sep 29, 20260.80%▼ from 0.80%
- Sep 25, 20260.80%▼ from 0.80%
- Sep 21, 20260.80%▼ from 0.80%
- Sep 18, 20260.80%▼ from 0.80%
Balance: $100 - $100,000
- Sep 29, 20260.75%▼ from 0.75%
- Sep 14, 20260.75%first recorded
Balance: $25+; Dividends: Quarterly
Balance: $25,000 - $49,999
- Sep 18, 20260.60%▲ from 0.40%
- Sep 14, 20260.40%first recorded
Balance: $25,000 - $49,999
- Sep 18, 20260.60%▲ from 0.40%
- Sep 14, 20260.40%first recorded
A $1 minimum balance is required to open an IRA Savings account and earn the stated APY.
Balance: $25,000.01 - $100,000
Balance: $10,000+; Dividends: Quarterly
Balance: $2,500.01 and above; Tiered Earnings; $0.01 minimum balance to maintain account and earn dividends
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.
Austin, TX Savings Rate Trends
Compare local Austin, TX 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.
Texas high-yield savings rates rose 0.034 points over the past 7 days to 2.321% APY, up from 2.287%.
Texas standard savings rates fell 0.004 points over the past 7 days to 0.484% APY, down from 0.488%.
Austin, Texas Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current TX 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 TX high-yield savings average of 2.321% 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 Austin, Texas.
Savings Account Earnings in Austin, Texas
Annual interest earnings at current TX average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.321% APY) | Monthly Earnings | Standard Savings (0.484% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $116.05 / year | $9.67 | $24.19 / year | $2.02 |
| $10,000 | $232.10 / year | $19.34 | $48.39 / year | $4.03 |
| $25,000 | $580.25 / year | $48.35 | $120.98 / year | $10.08 |
| $50,000 | $1,160.50 / year | $96.71 | $241.95 / year | $20.16 |
| 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: Austin, Texas savings rate averages as of October 14, 2026. | ||||
About Our Austin, Texas Savings Rate Database
MonitorBankRates found 20 institutions with branches in Austin (10 banks, 10 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: WaFd Bank offers a savings account at 5.00% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in Austin, Texas.
How to Find the Best Savings Rates in Austin, Texas
What to compare when shopping for a savings account in Austin, Texas
To find the best savings APYs in Austin, Texas, start with credit unions and online-only banks: Austin, Texas has 10 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 TX high-yield savings average is 2.321% but top local institutions are offering as high as 5.00%, 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. Austin, Texas high-yield savings rates currently average 2.321% 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 Austin, Texas institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 20 institutions in Austin, Texas 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 Austin, Texas CD rates
- You want check-writing flexibility Austin, Texas money market rates
- You need daily transaction access Austin, Texas checking rates
Austin, Texas Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
10.4% of residents are 65 or older, below the national average of 17.3%. At today’s TX high-yield savings average of 2.321%, saving 10% of the local median salary ($5,428/year) would earn an additional $126 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Austin, Texas Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Austin, Texas.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current TX Avg APY | 2.321% | 0.484% | 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 Austin, Texas 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 Austin, Texas
At TX’s top rate of 5.00% from WaFd Bank, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Austin, Texas earner is roughly $13,600. At 2.321% APY, saving $1,130/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsTexas’s high-yield savings average is 2.321% 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 Austin, Texas earner makes $54,283/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.321% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.321% APY grows to roughly $39,558 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 Austin, Texas 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 Austin, Texas 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 Austin, Texas. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in TX.
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 Austin, Texas
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Austin, Texas safe?
How often do savings rates change in Austin, Texas?
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 Austin, Texas?
How do I open a savings account in Austin, Texas?
Best Savings Rates in Austin, Texas
- WaFd Bank
Start Savings: 5.00% APY - Texas DPS Credit Union
Easy Save Savings: 5.00% APY - Nizari Progressive Federal Credit Union
Nizari Savings Plus: 4.00% APY - Capitol Credit Union
Kasasa Saver Savings: 4.00% APY - Technology Credit Union
High-Yield Savings Account: 4.00% APY
Austin, Texas Rates & Resources
