Lynnwood, Washington Savings Rates - October 2026
Brian McKay
Brian McKay
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Lynnwood, Washington savings account rates range from 0.05% to 5.00% APY, verified by MonitorBankRates as of October 23, 2026. The best savings rates for Lynnwood, Washington and the surrounding area include WaFd BankWaFd Bank5809 196th St Sw, Lynnwood, WA 98036A+5.0 ★Texas Ratio: 4.48%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 22, 2026 Personal Start Savings Account at 5.00% APY, 1st Security Bank of Washington1st Security Bank of Washington19002 33rd Ave W, Lynnwood, WA 98036A+5.0 ★Texas Ratio: 4.31%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 23, 2026 Business Optimum Savings at 5.00% APY, Gesa Credit UnionGesa Credit Union3405 188th St SW Ste 201, Lynnwood, WA 98037 4744A5.0 ★Texas Ratio: 6.57%Real return: +1.30%APY minus 3.7% CPIRate verified Oct 19, 2026 Explorer Savings at 5.00% APY, Seattle Metropolitan Credit UnionSeattle Metropolitan Credit Union19718 Highway 99 Ste 101, Lynnwood, WA 98036 6046A+5.0 ★Texas Ratio: 4.30%Real return: +0.30%APY minus 3.7% CPIRate verified Oct 19, 2026 Youth Savings at 4.00% APY, and Verity Credit UnionVerity Credit Union18530 33rd Ave W, Lynnwood, WA 98037A-5.0 ★Texas Ratio: 14.33%Real return: +0.30%APY minus 3.7% CPIRate verified Oct 19, 2026 Max My Savings at 4.00% APY.
Lynnwood has 75 local institutions in our database, with savings rates as high as 5.00% APY from WaFd Bank at 5809 196th St Sw, Lynnwood, WA 98036. Use the table below to compare all available offers, including options from institutions serving the broader Washington area. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Lynnwood, Washington and the surrounding area. Last Updated and Verified: October 23, 2026
Compare the Best Savings Rates in Lynnwood, Washington & Surrounding Communities
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-$5,000; Relationship account required to open; Variable rate tier
Balance: $0-$5,000; Relationship account required
Balance: $0-$5,000; Must be opened at a branch; Must maintain an active 1st Gold Student Checking account
Balance: $0 - $500; Limits: On the first $0 - $500 balance.
Qualifications Required; Balance: $0.00 - $500.00; Balances over $500 earn 0.01% APY; No monthly fees; Limited to one SmartPlus Savings account per member
Published APY range: 4.00% - 4.07%. Balance: $0 - $499.99; Membership eligibility required
Balance: $0-$50,000; 4.00% APY on balances up to $50,000 subject to qualifying factors being met during each statement cycle; Opening Fee: $0; Limit one Max My Savings account per primary account holder
Balance: $5,000 and over
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%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: $25,000 or more; Rate for new savings customers only; requires $25,000 within 30 days; Bay Area CA counties only
Balance: $100,000 and greater; Minimum daily balance to avoid service charge: $2,500
Balance: $250,000.00 and over; No monthly fees; Dividends paid monthly
- Oct 10, 20263.00%▲ from 2.50%
- Sep 18, 20262.50%first recorded
Balance: $100,000.00 and over
Balance: $100,000.00 - $249,999.99; No monthly fees; Dividends paid monthly
- Oct 10, 20262.50%▼ from 3.00%
- Sep 18, 20263.00%first recorded
Balance: $1,000,000 and over; Savings & IRA
Relationship account required to open
Balance: $500,000 - $999,999; Savings & IRA
Balance: $250,000 - $499,999; Savings & IRA
Balance: $100,000 - $249,999; Savings & IRA
Balance: $50,000 and over; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $50,000-$99,999.99; Minimum daily balance to avoid service charge: $2,500
Balance: $150,000.00 or greater; Interest compounded monthly; Effective as of October 19th, 2026
Balance: $25,000 - $49,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $10,000 - $24,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $100,000.00.- $149,999.99; Interest compounded monthly; Effective as of October 19th, 2026
IRA; cannot open online, visit a branch or call
Balance: $10 +; No monthly service charge; Open Online
Balance: $10 +; Savings account for minors, managed by an adult; Open Online; No monthly service charge
Balance: $10,000+
Balance: $0-$49,999.99; Minimum daily balance to avoid service charge: $2,500
Balance: under $25,000; with monthly deposit of $100 or more
Balance: $2,500 - $9,999; Savings, IRA & ESA; Compounded and credited monthly; must maintain a minimum daily balance of $2,500 to earn dividends
Balance: $50,000.00 - $99,999.99; Interest compounded monthly; Effective as of October 19th, 2026
Balance: $25,000.00 - $49,999.99; Interest compounded monthly; Effective as of October 19th, 2026
Minimum monthly balance:
Minimum monthly balance $5, required to earn APY
IRA Savings Account; no minimum balance required to earn stated APY; rate may change after account opening
Balance: $1,000.00 - $24,999.99; Interest compounded monthly; Effective as of October 19th, 2026
Balance: under $25,000
Balance: $5,000.01 and greater; APY printed as 5.00% to 0.25%; Relationship account required to open; Variable rate tier
- Oct 23, 20260.25%▼ from 5.00%
- Sep 28, 20265.00%▲ from 0.25%
- Sep 20, 20260.25%▼ from 5.00%
- Sep 14, 20265.00%first recorded
Balance: under $25,000
Balance: under $5,000
Balance: up to $250,000
Compounded & Credited: Monthly
Balance: $0 - $99,999; Savings & IRA
Compounded & Credited: Monthly; Fees may reduce earnings
Balance: $25,000-$74,999; Effective dates: 10/1/26 - 10/31/26; IRA accounts available to Verity Credit Union members only; $5 membership fee required to join
Published APY range: 0.20% - 0.20%. Interest compounded and credited quarterly; Effective as of October 19th, 2026; Account transfer and withdrawal limitations apply
Balance: $1,000-$24,999; Effective dates: 10/1/26 - 10/31/26; IRA accounts available to Verity Credit Union members only; $5 membership fee required to join
Balance: $500,000+
Balance: $0-$999; Effective dates: 10/1/26 - 10/31/26; IRA accounts available to Verity Credit Union members only; $5 membership fee required to join
Balance: $100 +; Open Online; $100 minimum to earn interest; $100 minimum balance to waive $3 monthly service charge
Balance: $100 Plus; $100 minimum to earn interest; $100 minimum balance to waive $10 monthly service charge; Open Online
Balance: $100,000-$499,999.99
Business & Consumer (Personal) Savings Account; Minimum Daily Balance to Earn Stated APY: $0.01
Must be opened at a branch
Effective as of October 19th, 2026; Interest compounded monthly; Balance to avoid fees: n/a; Transfer and withdrawal limitations apply
Balance: $0.00 - $999.99; Interest compounded monthly; Effective as of October 19th, 2026
Effective as of October 19th, 2026; Interest compounded and credited monthly; Balance to avoid fees: n/a; Transfer and withdrawal limitations apply
Interest compounded quarterly; interest credited quarterly; Balance to avoid service fee: Not applicable; Balance to earn stated APY: Not applicable; Transfer and withdrawal limitations apply; Effective as of October 19th, 2026
Effective as of October 19th, 2026; Interest Compounded: Quarterly; Interest Credited: Quarterly
Balance: $500 or greater; Blended APY range calculated on an assumed sample deposit of $10,000.00; Membership eligibility required; APY range: 0.10% - 4.07% to 0.30%
Balance: $5,000-$9,999.99
Balance: $50,000-$74,999.99
Standard rate on balances under $5,000 (outside the bonus offer); rates for ZIP 06897
Balance: $0 or more; Relationship rate when linked to Premier Checking or Checking; Bay Area CA counties only
Balance: Up to $999.99
Balance: $500 and over
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.
Lynnwood, WA Savings Rate Trends
Compare local Lynnwood, 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 fell 0.092 points over the past 7 days to 2.308% APY, down from 2.399%.
Washington standard savings rates fell 0.050 points over the past 7 days to 0.732% APY, down from 0.782%.
Lynnwood, 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 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 WA high-yield savings average of 2.308% 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 Lynnwood, Washington.
Savings Account Earnings in Lynnwood, 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 (2.308% APY) | Monthly Earnings | Standard Savings (0.732% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $115.38 / year | $9.62 | $36.62 / year | $3.05 |
| $10,000 | $230.75 / year | $19.23 | $73.24 / year | $6.10 |
| $25,000 | $576.88 / year | $48.07 | $183.10 / year | $15.26 |
| $50,000 | $1,153.75 / year | $96.15 | $366.20 / year | $30.52 |
| 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: Lynnwood, Washington savings rate averages as of October 25, 2026. | ||||
About Our Lynnwood, Washington Savings Rate Database
MonitorBankRates found 15 institutions with branches in Lynnwood (9 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 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: 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 Lynnwood, Washington.
How to Find the Best Savings Rates in Lynnwood, Washington
What to compare when shopping for a savings account in Lynnwood, Washington
To find the best savings APYs in Lynnwood, Washington, start with credit unions and online-only banks: Lynnwood, 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 2.308% 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 to 6 months of expenses in a liquid, FDIC-insured account. Lynnwood, Washington high-yield savings rates currently average 2.308% 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 Lynnwood, Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 15 institutions in Lynnwood, 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 Lynnwood, Washington CD rates
- You want check-writing flexibility Lynnwood, Washington money market rates
- You need daily transaction access Lynnwood, Washington checking rates
Lynnwood, Washington Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
16.7% of residents are 65 or older, below the national average of 17.3%. At today’s WA high-yield savings average of 2.308%, saving 10% of the local median salary ($4,743/year) would earn an additional $109 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Lynnwood, Washington Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Lynnwood, Washington.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WA Avg APY | 2.308% | 0.732% | 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 Lynnwood, Washington averages tracked in our database as of October 25, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Lynnwood, 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 Lynnwood, Washington earner is roughly $11,900. At 2.308% APY, saving $990/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 2.308% 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 Lynnwood, Washington earner makes $47,434/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.308% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.308% APY grows to roughly $39,454 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 Lynnwood, 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 Lynnwood, 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 Lynnwood, 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 Lynnwood, Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Lynnwood, Washington safe?
How often do savings rates change in Lynnwood, 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 Lynnwood, Washington?
How do I open a savings account in Lynnwood, Washington?
Best Savings Rates in Lynnwood, Washington
- WaFd Bank
Personal Start Savings Account: 5.00% APY - 1st Security Bank of Washington
Business Optimum Savings: 5.00% APY - Gesa Credit Union
Explorer Savings: 5.00% APY - Seattle Metropolitan Credit Union
Youth Savings: 4.00% APY - Verity Credit Union
Max My Savings: 4.00% APY
Lynnwood, Washington Rates & Resources
