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Washington Savings Rate Trends

Federal Way, Washington (WA) Savings Rates - March 2026

The best savings rates for Federal Way, Washington and the surrounding area include Red Canoe Credit UnionRed Canoe Credit Union33616 Pacific Hwy S, Federal Way, WA 98003 6810A+5.0 ★Texas Ratio: 3.75% Round Up Savings at 6.00% APY, Ukrainian Federal Credit UnionUkrainian Federal Credit Union716 S 348th St Bldg C, Federal Way, WA 98003 7000A5.0 ★Texas Ratio: 10.45% High Dividend Share Draft at 4.00% APY, Sound Credit UnionSound Credit Union2020 S 320th St Ste H, Federal Way, WA 98003A5.0 ★Texas Ratio: 10.49% High-Yield Business Savings at 3.04% APY, Banner BankBanner Bank34600 Pacific Hwy S, Federal Way, WA 98003A+5.0 ★Texas Ratio: 1.69% High Yield Relationship Savings at 2.63% APY, and Credit Human Federal Credit UnionCredit Human Federal Credit Union33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617A-5.0 ★Texas Ratio: 14.04% Money Market Savings at 2.16% APY. Savings rates as of March 27, 2026 according to verified data from MonitorBankRates.

To see how these savings rates in Federal Way, 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 Federal Way, Washington (WA) are continually updated — we recommend checking back frequently.

Savings rates reflect recent market quotes and representative offers available to depositors in Federal Way, Washington and the surrounding area. Last Updated and Verified: March 27, 2026

Compare the Best Savings Rates in Federal Way, Washington & Surrounding Communities

Source: Verified Savings Rate Data provided by MonitorBankRates
Institution
Product
APY
Min Deposit
Profile
Red Canoe Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 3.75%
33616 Pacific Hwy S, Federal Way, WA 98003 6810
Round Up Savings
6.00%
$0
Rate5.84%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
716 S 348th St Bldg C, Federal Way, WA 98003 7000
High Dividend Share Draft
4.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Qualifying balance up to $25,000.00

Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
716 S 348th St Bldg C, Federal Way, WA 98003 7000
Personal Share Draft
4.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Qualifying balance up to $25,000.00

Sound Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.49%
2020 S 320th St Ste H, Federal Way, WA 98003
High-Yield Business Savings
3.04%
$0
Rate3.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Sound Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.49%
2020 S 320th St Ste H, Federal Way, WA 98003
High Yield Business Savings
3.04%
$0
Rate3.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
2.63%
$25,000
Rate0.00%
Min Deposit$25,000
Min Balance
UpdatedMar 25, 2026
Details

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.

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
2.58%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
2.53%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
2.28%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Credit Human Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 14.04%
33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617
Money Market Savings
2.16%
$0
Rate2.14%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
2.02%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Bank of Hope
Institution Rating:
A+5.0 ★Texas Ratio: 3.52%
31827 Pacific Hwy S, Federal Way, WA 98003
Kids Savings
2.00%
$25
Rate0.00%
Min Deposit$25
Min Balance
UpdatedMar 25, 2026
Details

Complimentary Kids Savings stackable money bank and passbook at new account opening

Credit Human Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 14.04%
33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617
Money Market Savings
1.80%
$1,000
Rate0.00%
Min Deposit$1,000
Min Balance
UpdatedMar 25, 2026
Details

Get a 1.80% APY on balances of $10,000; Up to six free withdrawals per statement cycle

Credit Human Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 14.04%
33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617
Money Market Savings
1.55%
$0
Rate1.54%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
1.51%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Harborstone Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.16%
32210 Pacific Hwy S, Federal Way, WA 98003 6000
IRA Savings
1.01%
$100
Rate1.00%
Min Deposit$100
Min Balance
UpdatedMar 27, 2026
Details

Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.58%
32129 Weyerhaeuser Way S Ste 102, Federal Way, WA 98001 9801
Traditional/Roth IRA Savings
1.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

UniBank
Institution Rating:
A+5.0 ★Texas Ratio: 5.78%
31433 Pacific Hwy S, Federal Way, WA 98003
Health Savings Account (HSA)
1.00%
$0
Rate1.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.58%
32129 Weyerhaeuser Way S Ste 102, Federal Way, WA 98001 9801
Coverdell ESA Shares
1.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Qualstar Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.04%
1825 S 316th St, Federal Way, WA 98003
Savings
0.75%
$0
Rate0.75%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Qualstar Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 5.04%
1825 S 316th St, Federal Way, WA 98003
StarSavers & MyCash Savings
0.75%
$0
Rate0.75%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Credit Human Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 14.04%
33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617
Share Savings
0.55%
$0
Rate0.55%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Harborstone Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.16%
32210 Pacific Hwy S, Federal Way, WA 98003 6000
Minor Savings
0.50%
$5
Rate0.50%
Min Deposit$5
Min Balance
UpdatedMar 27, 2026
Details

Harborstone Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 7.16%
32210 Pacific Hwy S, Federal Way, WA 98003 6000
Holiday Savings
0.50%
$5
Rate0.50%
Min Deposit$5
Min Balance
UpdatedMar 27, 2026
Details

Credit Human Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 14.04%
33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617
Money Market Savings
0.50%
$0
Rate0.50%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
716 S 348th St Bldg C, Federal Way, WA 98003 7000
High Dividend Share Draft
0.50%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Credit Human Federal Credit Union
Institution Rating:
A-5.0 ★Texas Ratio: 14.04%
33820 Weyerhaeuser Way S Ste 110, Federal Way, WA 98001 8617
Money Market Savings
0.30%
$0
Rate0.30%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

Banner Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.69%
34600 Pacific Hwy S, Federal Way, WA 98003
High Yield Relationship Savings
0.25%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 25, 2026
Details

If relationship balance is below $25,000, Annual Percentage Yield (APY) is 0.25%.

Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.58%
32129 Weyerhaeuser Way S Ste 102, Federal Way, WA 98001 9801
Regular Share Account
0.25%
$5
Rate0.00%
Min Deposit$5
Min Balance
UpdatedMar 26, 2026
Details

$5 minimum balance is required to maintain a Regular Savings account.

Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.58%
32129 Weyerhaeuser Way S Ste 102, Federal Way, WA 98001 9801
Regular Shares
0.25%
$5
Rate0.25%
Min Deposit$5
Min Balance
UpdatedMar 26, 2026
Details

$5 minimum balance is required to maintain a Regular Savings account.

Firefighters First Federal Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 1.58%
32129 Weyerhaeuser Way S Ste 102, Federal Way, WA 98001 9801
Regular Shares (Secondary)
0.25%
$0
Rate0.25%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Washington State Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.71%
34024 Hoyt Rd SW Ste H, Federal Way, WA 98023
Classic Savings Account
0.15%
$1
Rate0.00%
Min Deposit$1
Min Balance
UpdatedMar 24, 2026
Details

Washington State Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.71%
34024 Hoyt Rd SW Ste H, Federal Way, WA 98023
JustU Savings
0.15%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Washington State Employees Credit Union
Institution Rating:
A+5.0 ★Texas Ratio: 4.71%
34024 Hoyt Rd SW Ste H, Federal Way, WA 98023
Minor Savings Account
0.15%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Ukrainian Federal Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.45%
716 S 348th St Bldg C, Federal Way, WA 98003 7000
IRA (Traditional, ROTH, & Coverdell) Shares
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 24, 2026
Details

Sound Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.49%
2020 S 320th St Ste H, Federal Way, WA 98003
High Yield Business Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Sound Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.49%
2020 S 320th St Ste H, Federal Way, WA 98003
High-Yield Business Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Sound Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.49%
2020 S 320th St Ste H, Federal Way, WA 98003
Business Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Sound Credit Union
Institution Rating:
A5.0 ★Texas Ratio: 10.49%
2020 S 320th St Ste H, Federal Way, WA 98003
Secondary Business Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1424 S 320th St, Federal Way, WA 98003
Platinum Savings
0.05%
$25
Rate0.05%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1424 S 320th St, Federal Way, WA 98003
Retirement High Yield Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UniBank
Institution Rating:
A+5.0 ★Texas Ratio: 5.78%
31433 Pacific Hwy S, Federal Way, WA 98003
Business Regular Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UniBank
Institution Rating:
A+5.0 ★Texas Ratio: 5.78%
31433 Pacific Hwy S, Federal Way, WA 98003
IRA Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UniBank
Institution Rating:
A+5.0 ★Texas Ratio: 5.78%
31433 Pacific Hwy S, Federal Way, WA 98003
Junior Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

UniBank
Institution Rating:
A+5.0 ★Texas Ratio: 5.78%
31433 Pacific Hwy S, Federal Way, WA 98003
Personal Regular Savings
0.05%
$0
Rate0.05%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1424 S 320th St, Federal Way, WA 98003
Platinum Savings
0.02%
$25
Rate0.02%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1424 S 320th St, Federal Way, WA 98003
Way2Save® Savings
0.01%
$25
Rate0.01%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

$25 minimum opening deposit

Wells Fargo
Institution Rating:
A5.0 ★Texas Ratio: 7.44%
1424 S 320th St, Federal Way, WA 98003
Platinum Savings
0.01%
$25
Rate0.01%
Min Deposit$25
Min Balance
UpdatedMar 22, 2026
Details

Avoid the $12 monthly service fee with a $3,500 minimum daily balance each fee period.; $25 minimum opening deposit

Peoples Bank (WA)
Institution Rating:
A+5.0 ★Texas Ratio: 0.39%
3100 Woburn St, Bellingham, WA 98226
Youth Savings
5.50%
$0
Rate5.35%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Qualifying balance up to $1,000.00

1st Security Bank of Washington
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
734 Water St, Port Townsend, WA 98368
Optimum Student Savings
5.00%
$25
Rate0.00%
Min Deposit$25
Min Balance
UpdatedMar 26, 2026
Details

Qualifying balance up to $5,000.00

1st Security Bank of Washington
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
734 Water St, Port Townsend, WA 98368
Optimum Savings
5.00%
$100
Rate0.00%
Min Deposit$100
Min Balance
UpdatedMar 26, 2026
Details

Qualifying balance up to $5,000.00

1st Security Bank of Washington
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
734 Water St, Port Townsend, WA 98368
Business Optimum Savings
5.00%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 26, 2026
Details

Qualifying balance up to $5,000.00

Seattle Bank
Institution Rating:
C-3.7 ★Texas Ratio: 30.78%
401 Union Street, Seattle, WA 98101
Private Client Savings
3.40%
$0
Rate3.34%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Seattle Bank
Institution Rating:
C-3.7 ★Texas Ratio: 30.78%
401 Union Street, Seattle, WA 98101
Private Business Savings
3.40%
$0
Rate3.34%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

First Fed Bank
Institution Rating:
A+5.0 ★Texas Ratio: 1.40%
105 W 8th St, Port Angeles, WA 98362
Rewards Savings
3.35%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 21, 2026
Details

Cornerstone Capital Bank, SSB
Institution Rating:
B+4.8 ★Texas Ratio: 17.74%
26830 Maple Valley Black Diamond Rd Se, Maple Valley, WA 98038
Digital High-Yield Savings
3.30%
$50
Rate3.25%
Min Deposit$50
Min Balance
UpdatedMar 25, 2026
Details

1st Security Bank of Washington
Institution Rating:
A+5.0 ★Texas Ratio: 2.12%
734 Water St, Port Townsend, WA 98368
Nonprofit Savings
3.25%
$2,500
Rate0.00%
Min Deposit$2,500
Min Balance
UpdatedMar 26, 2026
Details

$100,000 and greater

HSBC Bank USA
Institution Rating:
A+5.0 ★Texas Ratio: 3.89%
920 5th Ave, Seattle, WA 98104
Premier Relationship Savings
3.20%
$0
Rate0.00%
Min Deposit$0
Min Balance
UpdatedMar 22, 2026
Details

RELATIONSHIP

The Annual Percentage Yields (APYs) displayed are based on the highest APY offered for the specified deposit amount or less. Rates may change without prior 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.

Federal Way, WA Savings Rate Trends

Compare local Federal Way, 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.

View Full Washington Savings Trends →
High-Yield Savings — WA Avg
0.766%
▼ 1.033 from last week

Washington high-yield savings rates fell 1.033 points this week to 0.766% APY, down from 1.799% last week.

Standard Savings — WA Avg
0.307%
▲ 0.096 from last week

Washington standard savings rates rose 0.096 points this week to 0.307% APY, up from 0.211% last week.

As of Mar 28, 2026 • Rate data sourced from 8,500+ monitored institutions Powered by MonitorBankRates

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Federal Way, 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 Federal Way, 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 Federal Way, Washington

What is a High-Yield Savings Account (HYSA)?

A High-Yield Savings Account (HYSA) typically pays significantly higher interest than standard accounts at national brick-and-mortar banks. These accounts, often found at online banks or local credit unions in Washington, help your money grow faster through a higher APY.

Are savings accounts in Federal Way, Washington safe?

Yes, as long as the institution is FDIC insured (for banks) or NCUA insured (for credit unions). This provides federal protection for your deposits in Washington up to $250,000 per depositor, per institution.

How often do savings rates change in Federal Way, Washington?

Savings rates are variable and can change at any time based on market conditions and Federal Reserve decisions. We update our local Washington rate tables daily to ensure you see the most current high-yield options.

Do I need a minimum deposit to open a savings account?

It depends on the bank. Many online high-yield savings accounts have no minimum deposit requirement, while some traditional banks in Federal Way, Washington may require $25–$100 to open an account.

What is the difference between a Savings Account and a Money Market Account?

Both pay interest and are federally insured. Money Market Accounts (MMAs) often come with check-writing privileges or a debit card, making them more flexible, whereas standard savings accounts typically do not.

Are online banks better than local banks in Federal Way, Washington?

Online banks often offer higher APYs because they have lower overhead costs. However, local banks in Federal Way, Washington offer in-person customer service, which some customers prefer.

How do I open a savings account in Federal Way, Washington?

You can open a savings account online or in-person. You will generally need a government-issued ID, your Social Security number, and an initial deposit to get started.

Best Savings Rates in Federal Way, Washington

Here are recent savings rates observed in Federal Way, Washington and the surrounding area:
  • Red Canoe Credit Union
    Round Up Savings — 6.00% APY
  • Ukrainian Federal Credit Union
    High Dividend Share Draft — 4.00% APY
  • Sound Credit Union
    High-Yield Business Savings — 3.04% APY
  • Banner Bank
    High Yield Relationship Savings — 2.63% APY
  • Credit Human Federal Credit Union
    Money Market Savings — 2.16% APY
Savings Rates reflect actual verified offers from banks and credit unions actively accepting deposits in Federal Way, Washington. Your final available rate may depend on deposit amount and daily market movements. Last Updated and Verified: March 27, 2026