Cheney, Washington (WA) Savings Rates - March 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Cheney, Washington and the surrounding area include Spokane Teachers Credit UnionSpokane Teachers Credit Union2718 1st St, Cheney, WA 99004 2032A+5.0 ★Texas Ratio: 3.44% First5 savings at 5.10% APY, Cheney Federal Credit UnionCheney Federal Credit Union520 1ST ST, Cheney, WA 99004 1603A+5.0 ★Texas Ratio: 1.30% Youth Savings at 3.00% APY, Banner BankBanner Bank5 Cheney Spokane Rd, Cheney, WA 99004A+5.0 ★Texas Ratio: 1.69% High Yield Relationship Savings at 2.63% APY, Responders Emergency Services Credit UnionResponders Emergency Services Credit Union924 W Sinto Ave, Spokane, WA 99201 2531A+5.0 ★Texas Ratio: 0.00% Savings Account at 12.00% APY, and Whatcom Educational Credit UnionWhatcom Educational Credit Union600 E Holly St, Bellingham, WA 98225A+5.0 ★Texas Ratio: 4.98% First Step (Youth) Savings at 7.00% APY.
To see how these savings rates in Cheney, Washington, and the surrounding area, compare, use our comprehensive tables below for side-by-side comparisons to find the best savings rates available. Rates in Cheney, Washington (WA) are continually updated — we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Cheney, Washington and the surrounding area. Last Updated and Verified: March 20, 2026
Cheney, WA Savings Rate Trends
Compare local Cheney, WA savings rate quotes against the statewide average
Weekly savings rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Washington high-yield savings rates currently average 0.955% APY based on data from institutions in our monitoring network.
Washington standard savings rates fell 0.020 points this week to 0.430% APY, down from 0.450% last week.
Compare the Best Savings Rates in Cheney, Washington & Surrounding Communities
Qualifying balance up to $500.01
Earn a bonus 3% APY (annual percentage yield) dividend on the first $200 in all types of CFCU Youth Accounts.
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.
Balances above $500 earn 0.25% APY
Monthly service charge of $10 is waived when you meet one of the following criteria during that monthly statement cycle: $5,000 minimum daily balance or $10,000 average daily combined balance for checking and savings deposit relationship. If relationship balance is below $25,000, Annual Percentage Yield (APY) is 0.25%. Public fund accounts not eligible. Additional restrictions may apply.
APY effective 7/21/25
Maximum Balance $1,200
Qualifying balance up to $500
Qualifying balance up to $500.00
Qualifying balance up to $2500
Qualifying balance up to $1,000.00
Qualifying balance up to $1,000.00
Qualifying balance up to $1,000.00
Full Balance
Qualifying balance up to $500.00; Learn More
Qualifying balance up to $500.00
Must be opened at a branch; Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
Qualifying balance up to $5,000.00
Qualifying balance up to $50,000
Qualifying balances** less than $50,000
$100,000 and greater
Any balance below $250,000.01
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.
Methodology & Data Sources
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Cheney, 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 Cheney, 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 Cheney, Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Cheney, Washington safe?
How often do savings rates change in Cheney, 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 Cheney, Washington?
How do I open a savings account in Cheney, Washington?
Best Savings Rates in Cheney, Washington
- Spokane Teachers Credit Union
First5 savings — 5.10% APY - Cheney Federal Credit Union
Youth Savings — 3.00% APY - Banner Bank
High Yield Relationship Savings — 2.63% APY - Responders Emergency Services Credit Union
Savings Account — 12.00% APY - Whatcom Educational Credit Union
First Step (Youth) Savings — 7.00% APY
