Bellevue, Washington 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 Bellevue, Washington and the surrounding area include WaFd BankWaFd Bank15635 Ne 8th St, Bellevue, WA 98008A+5.0 ★Texas Ratio: 2.33%Real return: +2.20%APY minus 2.8% CPI (February 2026) Start Savings at 5.00% APY, 1st Security Bank of Washington1st Security Bank of Washington1320 156th Ave Ne, Bellevue, WA 98007A+5.0 ★Texas Ratio: 2.12%Real return: +2.20%APY minus 2.8% CPI (February 2026) Business Optimum Savings at 5.00% APY, First Fed BankFirst Fed Bank1100 Bellevue Way Ne, Bellevue, WA 98004A+5.0 ★Texas Ratio: 1.40%Real return: +0.55%APY minus 2.8% CPI (February 2026) Rewards Savings at 3.35% APY, Salal Credit UnionSalal Credit Union1048 116th Ave NE, Bellevue, WA 98004 4640A+5.0 ★Texas Ratio: 4.66%Real return: +0.20%APY minus 2.8% CPI (February 2026) Statement Savings at 3.00% APY, and Sound Credit UnionSound Credit Union40 148th Ave SE, Bellevue, WA 98007 5147A5.0 ★Texas Ratio: 9.84%Real return: +0.05%APY minus 2.8% CPI (February 2026) High-Yield Business Savings at 2.85% APY.
Bellevue has 60 local institutions in our database, with savings rates as high as 5.00% APY from WaFd Bank at 15635 Ne 8th St, Bellevue, WA 98008. Use the table below to compare all available offers, including options from institutions serving the broader Washington area. Rates are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Bellevue, Washington and the surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Savings Rates in Bellevue, Washington & Surrounding Communities
No minimum to earn blended rate interest. No monthly service charge. Checking account required to open.
APY (ANNUAL PERCENTAGE YIELD) IS EFFECTIVE AS OF NOVEMBER 3, 2025. APY IS SUBJECT TO CHANGES DAILY. FEES MAY REDUCE EARNINGS ON YOUR ACCOUNT. TO OPEN THIS ACCOUNT, THE BANK REQUIRES A RELATIONSHIP ACCOUNT. RELATIONSHIP IS DEFINED AS OPENING AND USING A CONSUMER OR BUSINESS CHECKING ACCOUNT WITH 1ST SECURITY BANK. VARIABLE RATE INFORMATION. THE INTEREST RATE OF THE TIER WILL BE PAID ONLY FOR THAT PORTION OF YOUR DAILY BALANCE THAT FALLS WITHIN THE TIER MINIMUM AND MAXIMUM. THE ANNUAL PERCENTAGE YIELD FOR EACH TIER WILL VARY, DEPENDING ON THE BALANCE IN THE ACCOUNT. FOR EXAMPLE, A BUSINESS OPTIMUM SAVINGS ACCOUNT WITH A DAILY BALANCE OF $150,000 WOULD EARN AN INTEREST RATE OF 4.89% ON THE FIRST $5,000. THE ACCOUNT WOULD EARN AN INTEREST RATE OF 0.25% ON THE REMAINING $145,000.; $0-$5,000
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. for example, an Optimum Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.; $0 maintenance service charge requirements: Transfer $100+ from your 1st Security Bank personal checking account to your Optimum Savings account at least once per month
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. for example, an Optimum Student Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.; $0 maintenance service charge requirements: Maintain an active 1st Gold Student Checking account and transfer $25+ from your 1st Gold Student checking account to your Optimum Student Savings account at least once per month
Qualifying balances** less than $50,000
$100,000 and greater
Online Savings w/Direct Deposit into Checking.
Banner checking account required. Public fund accounts not eligible. Minimum opening balance of $25,000 must be new money to Banner Bank. A Banner Bank checking account is required to open a High Yield Relationship Savings account. Additional restrictions may apply. View current rates .
No minimum to earn blended rate interest. No monthly service charge. Checking account required to open.
Co-owned with parent or guardian; Complimentary Kids Savings stackable money bank and passbook at new account opening
Interest earning savings account eligible for 1.75% APY interest on balances up to $2,000 and 0.10% APY on balances over $2,000 when funded via recurring ACH deposit or other qualifying external funds. This account is limited to two withdrawals per calendar year, each withdrawal in excess of this amount will incur a $20 excessive withdrawal fee that must be paid at the time of the withdrawal. This account does not qualify for withdrawal access via debit or check and does not support transactions originating via VRU, online banking, mobile banking, or ATMs. Withdrawals can be made in person at a Credit Union branch or by calling us at 800.877.2345. This account does not qualify for overdraft protection. Account holder must be a member with a regular share account who is in good standing. Current interest rates and the annual percentage yield may be found at the Credit Union's website, may be verified at a Credit Union Branch or by calling 800.877.2345. Interest rates earned and qualifying dollar amounts for interest earned are subject to change at any time. APRs and eligibility criteria are subject to change at any time. Fees may reduce earnings. Limit one Rainy Day Account per qualified membership.
$50,000-$99,999.99
Consult your tax advisor or refer to IRS Publication 502. Contribution limitations and other restrictions apply to HSAs. To have a Federally Qualified HSA, you must purchase and maintain a HDHP with minimum deductibles of $1,300 (individual) and $2,600 (family), and maximum out of pocket expenses less than $6,850 (individual) and $13,700 (family). Generally you cannot be covered by another low-deductible health insurance policy. The tax treatment of HSA contributions and distributions under your state's income tax laws may differ from the referenced federal tax treatment, and from state to state. Consult with your financial or tax advisor for more information. This Credit Union is federally-insured by the National Credit Union Administration. Qualified medical expenses are tax-free. Refer to section 213 (d) of the IRS Tax Code. Visit the U.S. Department of Treasury website for up-to-date contribution limits and more detailed information on plans and taxes.
Help take the sting out, by giving you tax-free savings on qualifying medical expenses. No minimum balance to open your account. Click here to learn more about how an HSA works.
No monthly service charge.
$0-$49,999.99
If relationship balance is below $25,000, Annual Percentage Yield (APY) is 0.25%.
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. for example, an Optimum Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.; $0 maintenance service charge requirements: Transfer $100+ from your 1st Security Bank personal checking account to your Optimum Savings account at least once per month
Variable Rate Information. The interest rate of the tier will be paid only for that portion of your daily balance that falls within the tier minimum and maximum. The annual percentage yield for each tier will vary, depending on the balance in the account. for example, an Optimum Student Savings account with a daily balance of $50,000 would earn an interest rate of 4.89% on the first $5,000. The account would earn an interest rate of 0.25% on the remaining $45,000.; $0 maintenance service charge requirements: Maintain an active 1st Gold Student Checking account and transfer $25+ from your 1st Gold Student checking account to your Optimum Student Savings account at least once per month
Annual Percentage Yields (APYs) are variable and subject to change after opening. Charges and fees may reduce earnings.
Annual Percentage Yields (APYs) are variable and subject to change after opening. Charges and fees may reduce earnings.
$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.
Must be opened at a branch
Interest earning savings account eligible for 1.75% APY interest on balances up to $2,000 and 0.10% APY on balances over $2,000 when funded via recurring ACH deposit or other qualifying external funds. This account is limited to two withdrawals per calendar year, each withdrawal in excess of this amount will incur a $20 excessive withdrawal fee that must be paid at the time of the withdrawal. This account does not qualify for withdrawal access via debit or check and does not support transactions originating via VRU, online banking, mobile banking, or ATMs. Withdrawals can be made in person at a Credit Union branch or by calling us at 800.877.2345. This account does not qualify for overdraft protection. Account holder must be a member with a regular share account who is in good standing. Current interest rates and the annual percentage yield may be found at the Credit Union's website, may be verified at a Credit Union Branch or by calling 800.877.2345. Interest rates earned and qualifying dollar amounts for interest earned are subject to change at any time. APRs and eligibility criteria are subject to change at any time. Fees may reduce earnings. Limit one Rainy Day Account per qualified membership.
When linked to Premier Checking. Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.
Non-Qualifying balances**
This account is required for membership and is your ownership into the Credit Union. Just $5 will open your Credit Union membership. Unlimited withdrawals and transfers.
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.
Bellevue, WA Savings Rate Trends
Compare local Bellevue, WA 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.
Washington high-yield savings rates rose 0.644 points over the past 7 days to 0.906% APY, up from 0.261%.
Washington standard savings rates rose 0.070 points over the past 7 days to 1.300% APY, up from 1.230%.
Bellevue, Washington Savings Rate Forecast — Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current WA 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 WA high-yield savings average of 0.906% 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 Bellevue, Washington.
Savings Account Earnings in Bellevue, Washington
Annual interest earnings at current WA average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (0.906% APY) | Monthly Earnings | Standard Savings (1.300% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $45.29 / year | $3.77 | $64.99 / year | $5.42 |
| $10,000 | $90.58 / year | $7.55 | $129.98 / year | $10.83 |
| $25,000 | $226.45 / year | $18.87 | $324.95 / year | $27.08 |
| $50,000 | $452.90 / year | $37.74 | $649.90 / year | $54.16 |
| 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: Bellevue, Washington savings rate averages as of August 29, 2026. | ||||
About Our Bellevue, Washington Savings Rate Database
MonitorBankRates found 14 institutions with branches in Bellevue (8 banks, 6 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 (1–5), 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 Bellevue, Washington.
How to Find the Best Savings Rates in Bellevue, Washington
What to compare when shopping for a savings account in Bellevue, Washington
To find the best savings APYs in Bellevue, Washington, start with credit unions and online-only banks — Bellevue, Washington has 6 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 WA high-yield savings average is 0.906% — 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. Bellevue, Washington high-yield savings rates currently average 0.906% 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 Bellevue, Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 14 institutions in Bellevue, Washington 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 → Bellevue, Washington CD rates
- You want check-writing flexibility → Bellevue, Washington money market rates
- You need daily transaction access → Bellevue, Washington checking rates
Bellevue, Washington Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
14.8% of residents are 65 or older — below the national average of 17.3%. At today’s WA high-yield savings average of 0.906%, saving 10% of the local median salary ($9,521/year) would earn an additional $86 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Bellevue, Washington Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Bellevue, Washington.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WA Avg APY | 0.906% | 1.300% | 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 Bellevue, Washington 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 Bellevue, Washington
At WA’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 Bellevue, Washington earner is roughly $23,800. At 0.906% APY, saving $1,980/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsWashington’s high-yield savings average is 0.906% 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 Bellevue, Washington earner makes $95,216/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 0.906% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 0.906% APY grows to roughly $29,941 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 Bellevue, Washington 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 Bellevue, Washington 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 Bellevue, Washington. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national institutions available to savers in WA.
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 Bellevue, Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Bellevue, Washington safe?
How often do savings rates change in Bellevue, Washington?
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 Bellevue, Washington?
How do I open a savings account in Bellevue, Washington?
Best Savings Rates in Bellevue, Washington
- WaFd Bank
Start Savings — 5.00% APY - 1st Security Bank of Washington
Business Optimum Savings — 5.00% APY - First Fed Bank
Rewards Savings — 3.35% APY - Salal Credit Union
Statement Savings — 3.00% APY - Sound Credit Union
High-Yield Business Savings — 2.85% APY
Bellevue, Washington Rates & Resources
