Logan, Utah Savings Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Logan, Utah and the surrounding area include WaFd BankWaFd Bank399 N Main St, Logan, UT 84321A+5.0 ★Texas Ratio: 2.33%Real return: +2.20%APY minus 2.8% CPI (February 2026) Start Savings at 5.00% APY, Deseret First Federal Credit UnionDeseret First Federal Credit Union1610 N Main St, Logan, UT 84341 1920A5.0 ★Texas Ratio: 6.69%Real return: +1.20%APY minus 2.8% CPI (February 2026) Mission Savings Fund at 4.00% APY, Bank of UtahBank of Utah5 E 1400 N, Logan, UT 84341A+5.0 ★Texas Ratio: 0.00%Real return: -2.48%APY minus 2.8% CPI (February 2026) Health Savings Account at 0.32% APY, Logan Medical Federal Credit UnionLogan Medical Federal Credit Union500 E 1400 N, Logan, UT 84341A+5.0 ★Texas Ratio: 3.72%Real return: -2.59%APY minus 2.8% CPI (February 2026) IRA Shares (All Balances) at 0.21% APY, and Elevate Federal Credit UnionElevate Federal Credit Union740 S Main St, Logan, UT 84321 5403A+5.0 ★Texas Ratio: 0.36%Real return: -2.70%APY minus 2.8% CPI (February 2026) Traditional Savings at 0.10% APY.
Logan has 36 local institutions in our database, with savings rates as high as 5.00% APY from WaFd Bank at 399 N Main St, Logan, UT 84321. Use the table below to compare all available offers, including options from institutions serving the broader Utah area. Rates are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Logan, Utah and the surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Savings Rates in Logan, Utah & Surrounding Communities
No minimum to earn blended rate interest. No monthly service charge. Checking account required to open.
Loyalty Rate
No minimum to earn blended rate interest. No monthly service charge. Checking account required to open.
No monthly service charge.
$100 minimum to earn interest and waive $10 monthly service charge.
No minimum to earn blended rate interest. No monthly service charge. Checking account required to open.
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Insured by NCUA. Effective as of 8/25/2026. Minimum deposit required to open and maintain a primary savings account is $1. Balances of $100 or more will accrue dividends. Rates and terms are subject to change.
Insured by NCUA. Effective as of 8/25/2026. There is no minimum deposit required to open a secondary savings account and balances above $0 will accrue dividends. Rates and terms are subject to change.
When linked to Prime Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
How to avoid the $5 monthly service fee
Variable rates (compounded daily). Primary account owner is 24 years old or under to avoid the $5 monthly service fee.
Dividend rate applies to balances up to and including $1000.00. Balances of $1,000.01 and above will earn the same dividend rate as our Primary Share Savings account.
Qualifications Required: At least $250 in deposits during the Evaluation Period; LevelUp Rate is applied to the full balance of LevelUp Savings accounts that receive a total of at least $250 in deposits during the Evaluation Period. Otherwise, accounts will earn the Standard Rate. Interest payments, account bonuses, account credits and reversals or refunds from the bank are not considered deposits for rate evaluation purposes. All LevelUp Savings accounts earn the LevelUp Rate at account opening and continue to earn the LevelUp Rate until the First Evaluation Period, to provide an opportunity to set up deposits. While accounts will not move from the LevelUp Rate prior to the First Evaluation Period, the LevelUp Rate is variable and subject to change at any time, including prior to the First Evaluation Period. An Evaluation Period is a statement cycle. The First Evaluation Period will be the third statement cycle after you open your account, with any rate change becoming effective the next statement cycle. Any rate changes will take place at the end of the first business day of the month and will be based on deposits in the previous statement cycle. Fees may reduce earnings. $0 minimum opening deposit.
Interest is compounded daily then credited to your account monthly. No monthly maintenance fee. FDIC insured through Comenity Capital Bank with a coverage limit of $250,000 per depositor for each ownership category.
Qualifications Required: Receive deposits of at least $1,000; keep accounts positive by the end of each month; Qualifying balance up to $5,000.00; 1.00% APY on balances over $5,000
Qualifications Required: At least $1,000 in direct deposit a month; Maintain a positive balance in your bank and savings accounts; Get up to 3.75% APY on your first $5,000 and 1.00% APY on everything else. Quals apply.
Otherwise earn 1.00% APY.
Earn unlimited 1.5% cash back on Square Credit Card. Deposit it into Square Savings to earn 3.50% APY on qualifying balances, redeem as a statement credit, or as free processing.
If your daily balance is more than $0 but $2,500 or less the interest rate paid on the entire balance in your account will be 3.34% with an annual percentage yield of 3.40%. Variable rate; may change after account opening.
Qualifying Cash; The Annual Percentage Yield (APY) as advertised is quoted as of 12/16/25. APY is subject to change at any time without notice, including during the availability period (rates can be found on your monthly account statement). Preferred Savings Program interest accrues daily and pays monthly.
Standard Rate of 3.00% APY. Rates are variable and subject to change at any time without notice.
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.
Logan, UT Savings Rate Trends
Compare local Logan, UT 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.
Utah high-yield savings rates fell 0.028 points over the past 7 days to 0.336% APY, down from 0.364%.
Utah standard savings rates fell 0.574 points over the past 7 days to 1.458% APY, down from 2.032%.
Logan, Utah Savings Rate Forecast — Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current UT 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 UT high-yield savings average of 0.336% 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: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; savings institutions typically pass through 70–90% of rate cuts to deposit rates 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 Logan, Utah.
Savings Account Earnings in Logan, Utah
Annual interest earnings at current UT average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (0.336% APY) | Monthly Earnings | Standard Savings (1.458% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $16.79 / year | $1.40 | $72.89 / year | $6.07 |
| $10,000 | $33.59 / year | $2.80 | $145.77 / year | $12.15 |
| $25,000 | $83.98 / year | $7.00 | $364.43 / year | $30.37 |
| $50,000 | $167.95 / year | $14.00 | $728.85 / year | $60.74 |
| 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: Logan, Utah savings rate averages as of August 29, 2026. | ||||
About Our Logan, Utah Savings Rate Database
MonitorBankRates found 9 institutions with branches in Logan (3 banks, 6 credit unions), plus 15 additional state-chartered and national online institutions available to Logan 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: 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 Logan, Utah.
How to Find the Best Savings Rates in Logan, Utah
What to compare when shopping for a savings account in Logan, Utah
To find the best savings APYs in Logan, Utah, start with credit unions and online-only banks — Logan, Utah 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 UT high-yield savings average is 0.336% — 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 3–6 months of expenses in a liquid, FDIC-insured account. Logan, Utah high-yield savings rates currently average 0.336% 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 Logan, Utah institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 24 institutions in Logan, Utah 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 → Logan, Utah CD rates
- You want check-writing flexibility → Logan, Utah money market rates
- You need daily transaction access → Logan, Utah checking rates
Logan, Utah Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
6.5% of residents are 65 or older — below 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 UT high-yield savings average of 0.336%, saving 10% of the local median salary ($2,219/year) would earn an additional $7 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Logan, Utah Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Logan, Utah.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current UT Avg APY | 0.336% | 1.458% | 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 | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | 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 Logan, Utah averages tracked in our database as of August 29, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Logan, Utah
At UT’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 Logan, Utah earner is roughly $5,500. At 0.336% APY, saving $460/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsUtah’s high-yield savings average is 0.336% 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 Logan, Utah earner makes $22,192/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 0.336% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 0.336% APY grows to roughly $26,734 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 Logan, Utah 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 Logan, Utah 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 Logan, Utah. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in UT.
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 Logan, Utah
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Logan, Utah safe?
How often do savings rates change in Logan, Utah?
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 Logan, Utah?
How do I open a savings account in Logan, Utah?
Best Savings Rates in Logan, Utah
- WaFd Bank
Start Savings — 5.00% APY - Deseret First Federal Credit Union
Mission Savings Fund — 4.00% APY - Bank of Utah
Health Savings Account — 0.32% APY - Logan Medical Federal Credit Union
IRA Shares (All Balances) — 0.21% APY - Elevate Federal Credit Union
Traditional Savings — 0.10% APY
