Oak City, Utah Savings Rates for October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Oak City, Utah savings account rates range from 1.00% to 6.00% APY, verified by MonitorBankRates as of October 31, 2026. The best savings rates for Oak City, Utah and the surrounding area include Goldenwest Federal Credit UnionGoldenwest Federal Credit UnionA+5.0 ★Texas Ratio: 2.69%Real return: +2.30%APY minus 3.7% CPIRate verified Oct 29, 2026 Gold Account Share at 6.00% APY, Quill BankQuill BankA-5.0 ★Texas Ratio: 14.58%Real return: +1.40%APY minus 3.7% CPIRate verified Oct 31, 2026 High Yield Savings at 5.10% APY, Axos BankAxos BankA+5.0 ★Texas Ratio: 3.94%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 31, 2026 Axos ONE Savings at 5.00% APY, WaFd BankWaFd BankA+5.0 ★Texas Ratio: 4.48%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 31, 2026 Personal Start Savings Account at 5.00% APY, and Cyprus Federal Credit UnionCyprus Federal Credit UnionA+5.0 ★Texas Ratio: 2.73%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 29, 2026 Teen Learn & Earn Savings at 5.00% APY.
Oak City is a smaller community with no bank or credit union branches currently in our database. 75 institutions serving the Utah area are available to Oak City residents, with savings rates as high as 6.00% APY from Goldenwest Federal Credit Union. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Oak City, Utah and the surrounding area. Last Updated and Verified: October 31, 2026
Compare the Best Savings Rates in Oak City, Utah & Surrounding Communities
Dividends begin to accrue the first banking day after a deposit is made
Utah residents only; 4.10% variable base APY plus 1.00% Rebrand Boost through January 31, 2027; Rebrand Boost applies to daily balance up to and including $500,000; balance above $500,000 earns 4.10%
- Oct 7, 20265.10%▲ from 4.00%
- Oct 2, 20264.00%▼ from 5.00%
- Sep 18, 20265.00%first recorded
Earn 5.00% APY on savings as part of the Axos ONE checking and savings bundle; up to $2.5 MM in expanded coverage under Axos Insured deposit program
Up to 5.00% APY on savings; part of Axos ONE savings and checking bundle; no monthly maintenance, balance, opening, or overdraft fees; early payday up to 2 days early; up to $2.5 MM expanded coverage under Axos Insured deposit program
- Oct 14, 20265.00%▲ from 4.21%
- Sep 30, 20264.21%first recorded
Balance: $0 - $500; Open Online; No minimum to earn blended rate interest; No monthly service charge; Checking account required to open
Balance: $0 - $500; No minimum to earn blended rate interest; No monthly service charge; Checking account required to open; Open Online
Balance: $0.00 to $1,000.00; Qualifying balance up to $1,000.00
Balance: <$2,000; APY applied to balances up to $1,000; balances over $1,000 earn the standard savings rate
Balance up to $1,000.00; balances over $1,000 revert to the standard savings rate
Qualifications Required: Paid SoFi Plus subscription ($10/month); Balance: up to $20,000 in one SoFi Savings account; Requires paid SoFi Plus subscription ($10/month); No minimum balance requirement
Balance: $0.00 - $2,499.99; Promotional APY of 5.00% applies during the first 6 months to the first tier up to $2,499.99; Limited to personal accounts; one account per member
Balance: $10,000.00 and over; Earned when total savings balance (all folders) is at least $10,000; Business savings account; no monthly fees; no minimum to open
- Sep 28, 20264.25%▲ from 3.50%
- Sep 20, 20263.50%first recorded
Balance: $250 in deposits per Evaluation Period; Qualifications Required: Deposit at least $250 per Evaluation Period (statement cycle); LevelUp Rate applies when at least $250 in deposits is received during the Evaluation Period; Fees may reduce earnings
Balance: $0-$15,000
Interest compounded daily and credited monthly; APYs accurate as of 10/30/2026 and subject to change; minimum of $100 deposited in a single transaction; rate may change after account is opened
- Oct 14, 20264.05%▲ from 4.00%
- Sep 27, 20264.00%▲ from 3.95%
- Sep 18, 20263.95%first recorded
Rate may change after the account is opened; Minimum of $100 deposited in a single transaction
Traditional or Roth IRA
- Oct 10, 20264.05%▲ from 4.00%
- Sep 27, 20264.00%▲ from 3.95%
- Sep 24, 20263.95%first recorded
Up to 4.01% APY for up to 6 months; no minimum balance for APY; no monthly maintenance fees; no minimum initial deposit
- Oct 6, 20264.01%▲ from 3.75%
- Sep 30, 20263.75%first recorded
Balance: All Balances; Interest compounded daily; Open online; $5 monthly fee if paper statements received; rates effective as of 10/23/2026
Balance: $0
- Oct 21, 20264.00%▲ from 3.85%
- Sep 18, 20263.85%first recorded
Balance: $2,000-$5,000; APY applied to balances up to $1,000; balances over $1,000 earn the standard savings rate
Promotional rate on all balances for up to 6 months; open with a Basic Business Checking account; promo code BOOST41; Earn up to 3.91% APY on all balances
Balance: All balances; Interest paid monthly; Rate and APY are variable and may change without notice
Balance: $1,000,000 and over
Learn more about HYS; Non-IRA personal account rates; APYs accurate as of 10/28/2026
Qualifications Required: $800 in direct deposit a month; maintain a positive balance in bank and savings accounts; Balance: $0.00 - $5,000.00; 1.00% APY on balances above $5,000; Quals apply
Qualifying Cash only; available exclusively to clients with an eligible Morgan Stanley brokerage account; maximum deposit $20,000,000; APY as advertised as of 9/17/26; interest accrues daily and pays monthly
Balance: $0-$15,000
No minimum balance; Maximum balance limits apply; APY as of October 30, 2026
- Sep 18, 20263.50%▲ from 3.40%
- Sep 14, 20263.40%first recorded
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: $0.01 - $250,000.00; Dividend Frequency: Monthly
Balance: $250,000 - $999,999.99
Balance: $0.01 - $2,500
Balance: All Balances; Interest compounded daily; Only $100 minimum to open; No monthly fee; $5 monthly fee if you receive paper statements; Online account opening
Qualifications Required; Earn APY by meeting one of the following criteria: Eligible Direct Deposit (monthly direct deposits to your account) or Qualifying Deposits of $5,000 or more every 31 days; No minimum balance requirement
Balance: $0-$9,999.99
California counties only; Balance: $25,000 or more; Rate is variable; requires deposit and maintenance of $25,000 or more in new Platinum Savings within 30 days; new savings customers only
On balances of $25,000+; APY has deposit balance requirements to earn highest rate available
- Oct 13, 20263.25%▲ from 3.10%
- Sep 14, 20263.10%first recorded
Balance: $750,000 and up
No minimum balance and no monthly fees; Online account
Competitive APY, 6x higher than the national rate; interest compounded daily and credited monthly; no monthly fees; no minimum balance required; APY as advertised accurate as of 10/30/2026; subject to change
Compounded daily & deposited monthly; no minimum balance requirement and no monthly maintenance fees
Minimum account balance of $1,000; Savings accounts are variable rate accounts; Rates as of 10/23/2026
- Oct 26, 20263.00%▲ from 0.25%
- Oct 14, 20260.25%first recorded
Balance: $5000.01-$10,000; APY applied to balances up to $1,000; balances over $1,000 earn the standard savings rate
Balance: $250,000-$749,999
Balance: $100,000-$1,000,000
Balance: $100,000 - $249,999.99
- Oct 9, 20262.70%▲ from 2.60%
- Sep 14, 20262.60%first recorded
- Oct 9, 20262.70%▲ from 2.60%
- Sep 14, 20262.60%first recorded
Balance: $100,000-$249,000
Balance: $50,000 and above
Ages: 0-18; Balance: Up to $10,000.00
Balance: $100+; Dividends: Quarterly
Qualifying balance up to $10,000.00; Eligibility: up to 18 years old; Interest paid quarterly; Opening deposit matched up to $20; $1 deposited for every A or A- on report card (Grades 6-12), up to $32 per school year; Pick a prize from Central Bank Treasure Chest; Service charge free; Free ATM card available
Promotional rate effective as of 1/31/24; dividends paid quarterly; available to new and existing members; must be funded completely with new money (funds not currently on deposit with Chartway); IRA transfers not eligible; not available to Chartway senior leadership (VP and above), Board of Directors, or volunteers
Paid Monthly
Withdrawals: IRA Restrictions
Balance: $1,000,000.00 and above
- Oct 9, 20262.15%▲ from 2.00%
- Sep 14, 20262.00%first recorded
Balance: $50,000 - $99,999.99
Balance: $25,000 - $49,999.99
Balance: $50,000.00 and over; Declared, paid and compounded monthly
Balance: $10,000-$99,999
Share rates (except Money Markets) are determined at the end of each calendar quarter
Balance: above $25,000 and up to $50,000
Balance: $25,000 - $49,999.99
Balance: $5,000 - $24,999.99
- Oct 9, 20261.75%▲ from 1.65%
- Sep 14, 20261.65%first recorded
Balance: $250,000 & over
- Oct 3, 20261.45%▲ from 1.35%
- Sep 14, 20261.35%first recorded
Published APY range: 1.07% - 0.64%; Published rate range: 1.06% - 0.64%. Balance: above $25,000
- Oct 23, 20261.07%▲ from 0.64%
- Oct 15, 20260.64%▼ from 1.07%
- Sep 14, 20261.07%first recorded
Balance: $10 +; No monthly service charge; Open Online
Balance: $10 +; Savings account for minors, managed by an adult; Open Online; No monthly service charge
Instant 1.00% APY on every dollar when opened online; no minimum balance, savings limit, or monthly/annual fees
Balance: $0.00 - $9,999.99; Business savings account; no monthly fees; no minimum to open
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.
Oak City, UT Savings Rate Trends
Compare local Oak City, 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 0.041 points over the past 7 days to 3.244% APY, down from 3.285%.
Utah standard savings rates rose 0.156 points over the past 7 days to 1.351% APY, up from 1.195%.
Oak City, 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 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 UT high-yield savings average of 3.244% 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 Oak City, Utah.
Savings Account Earnings in Oak City, 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 (3.244% APY) | Monthly Earnings | Standard Savings (1.351% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $162.19 / year | $13.52 | $67.56 / year | $5.63 |
| $10,000 | $324.38 / year | $27.03 | $135.11 / year | $11.26 |
| $25,000 | $810.95 / year | $67.58 | $337.78 / year | $28.15 |
| $50,000 | $1,621.90 / year | $135.16 | $675.55 / year | $56.30 |
| 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: Oak City, Utah savings rate averages as of October 31, 2026. | ||||
About Our Oak City, Utah Savings Rate Database
MonitorBankRates tracks savings rate offers from 40 banks and credit unions available to Oak City, Utah residents via statewide and national offers. No branch locations physically in Oak City are currently in our database, but all listed offers are open to Oak City depositors. 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: Goldenwest Federal Credit Union offers a savings account at 6.00% APY. Use the rate table above to compare all current offers in Oak City, Utah.
How to Find the Best Savings Rates in Oak City, Utah
What to compare when shopping for a savings account in Oak City, Utah
To find the best savings APYs in Oak City, Utah, start with credit unions and online-only banks: Oak City, Utah has 17 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 3.244% but top local institutions are offering as high as 6.00%, 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. Oak City, Utah high-yield savings rates currently average 3.244% 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 Oak City, Utah institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 40 institutions in Oak City, 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 Oak City, Utah CD rates
- You want check-writing flexibility Oak City, Utah money market rates
- You need daily transaction access Oak City, Utah checking rates
Utah Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau (state-level data shown; city data not available)
11.9% of residents are 65 or older, below the national average of 17.3%; a low unemployment rate of 3.5% reflects a strong local economy with solid savings capacity. At today’s UT high-yield savings average of 3.244%, saving 10% of the local median salary ($4,371/year) would earn an additional $142 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Oak City, Utah Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Oak City, Utah.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current UT Avg APY | 3.244% | 1.351% | 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 Oak City, Utah 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 Oak City, Utah
At UT’s top rate of 6.00% from Goldenwest Federal Credit Union, a $10,000 deposit earns $600 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Oak City, Utah earner is roughly $10,900. At 3.244% APY, saving $910/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 3.244% 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 Oak City, Utah earner makes $43,714/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 3.244% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 3.244% APY grows to roughly $47,339 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 Oak City, 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 Oak City, 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 Oak City, 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 Oak City, Utah
What are savings account rates in Oak City, Utah today?
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Oak City, Utah safe?
How often do savings rates change in Oak City, 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 Oak City, Utah?
How do I open a savings account in Oak City, Utah?
Best Savings Rates in Oak City, Utah
- Goldenwest Federal Credit Union
Gold Account Share: 6.00% APY - Quill Bank
High Yield Savings: 5.10% APY - Axos Bank
Axos ONE Savings: 5.00% APY - WaFd Bank
Personal Start Savings Account: 5.00% APY - Cyprus Federal Credit Union
Teen Learn & Earn Savings: 5.00% APY
Oak City, Utah Rates & Resources
