Oak Harbor, Washington Savings Rates - October 2026
Brian McKay
Brian McKay
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Oak Harbor, Washington savings account rates range from 0.05% to 7.00% APY, verified by MonitorBankRates as of October 14, 2026. The best savings rates for Oak Harbor, Washington and the surrounding area include Navy Federal Credit UnionNavy Federal Credit Union32885 State Route 20, Oak Harbor, WA 98277A5.0 ★Texas Ratio: 8.14%Real return: -2.55%APY minus 2.8% CPI (February 2026) IRA Share Accounts (ESA, Roth, SEP And Traditional) at 0.25% APY, Global Federal Credit UnionGlobal Federal Credit Union650 NE Midway Blvd, Oak Harbor, WA 98277A5.0 ★Texas Ratio: 10.82%Real return: -2.72%APY minus 2.8% CPI (February 2026) Business Savings at 0.08% APY, Key BankKey Bank90 Se Pioneer Way, Oak Harbor, WA 98277A+5.0 ★Texas Ratio: 4.81%Real return: -2.75%APY minus 2.8% CPI (February 2026) Key Select Money Market Savings - Offer One at 0.05% APY, Whatcom Educational Credit UnionWhatcom Educational Credit UnionA+5.0 ★Texas Ratio: 4.66%Real return: +4.20%APY minus 2.8% CPI (February 2026) First Step (Youth) Savings at 7.00% APY, and Alaska Air Group Federal Credit UnionAlaska Air Group Federal Credit UnionA+5.0 ★Texas Ratio: 1.06%Real return: +3.34%APY minus 2.8% CPI (February 2026) Youth Savings at 6.14% APY.
Oak Harbor has 6 local institutions in our database, with savings rates as high as 0.25% APY from Navy Federal Credit Union at 32885 State Route 20, Oak Harbor, WA 98277. 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 Oak Harbor, Washington and the surrounding area. Last Updated and Verified: October 14, 2026
Compare the Best Savings Rates in Oak Harbor, Washington & Surrounding Communities
Compounded & Credited: Monthly
Compounded & Credited: Monthly
Minimum Balance to Earn: $50
Balance: $0.00 - $2,499.99; 6-month bonus rate; Offer Code VRMA0926; Apply online or contact KeyBank by 11/4/2026; Requires $5,000 balance growth; Bring at least $5,000 to Key
Balance: $0.00 - $2,499.99; 6-month bonus rate; Bring at least $25,000 to Key; Offer Code VRMB0926; Apply online with this code or contact us to apply to existing account by 11/4/2026; Rate may vary by booking location; Standard or relationship rates apply after bonus period
Earns 7.00% APY on balances up to $500; Regular savings rate applies to balances above $500; Youth account for ages 0-19 with parent/guardian joint signer; Dividends compounded and credited quarterly
Ages: 0-19; Parent/guardian joint signer required; Balance: $0.00 - $500.00 earns 7.00% APY; Balance above $500.00 earns 0.25% APY (dividend rate 0.25%); No monthly fee or minimum balance
Balance: $5 - $500
Qualifying balance up to $750.00
Balance: up to $2,500; balances over $2,500 earn 0.01% APY on remaining balance; One Stash Savings account per member; Dividends compounded and credited monthly
Balance: $0.00 - $2,500.00; Balance over $2,500.00 earns 0.01% APY; One Stash Savings account per member; Stash (Emergency) Savings; Rate and minimum opening deposit as stated on page
Balance: $0.01 to $700.00; Earn 6.00% APY on the first $700 deposited; Limit one Six7 savings account per person; Online or mobile eStatement enrollment avoids paper statement fee
Balance: $0 - $1,000
Balance: $0.00 - $500.00; Premium rate on first $500; Balances above $500 earn 0.25% APY; APY effective 07/01/2026; No minimum balance required to earn APY; STCU membership required
on the first $5,000
Balance: $0-$5,000
Balance: $0-$5,000; 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.
Balance: $0-$5,000; Must be opened at a branch. To open this account the customer must maintain an active 1st Gold Student Checking account with 1st Security Bank.
Balance: 0-$500
Available only with Unitus Checking; Rate effective 12/12/25; 5 deposited for each debit purchase of $5.00 and up; opt-in round-up available
Balance: $0.01 - $5,000.00; One Thrive Savings account per member
Balance: $0 - $500
Qualifications Required; Qualifying balance up to $500.00; Rate may change after account is opened; No monthly fees; Limited to one SmartPlus Savings account per member
Savings Account for Members under 18 years old; Balance: $0.00 - $1,000.00; Balances above $1,000 earn the regular savings rate; No monthly service fees
- Oct 14, 20265.00%▲ from 0.75%
- Sep 22, 20260.75%▼ from 5.00%
- Sep 14, 20265.00%first recorded
One Per Member (Primary SD Checking only); $50 Minimum Balance for Dividends; Qualifying balance up to $500.00; Personal Checking Accounts receive dividends as shown; Business Checking Accounts do not receive any dividends
One Per Member (Primary RS Savings only); $50 Minimum Balance for Dividends; Qualifying balance up to $500.00
Balance: $0.00 - $500.00; Earn 5% on the first $500, primary share savings account only (one per member); $50 minimum balance to receive dividends; Standard dividends apply to balances exceeding $500
Balance: $100 to $10,000; Available only to new members during the first thirty (30) days from the date of opening a membership; APYs assume a $100,000 minimum average daily balance
Published rate range: 2.50% - 4.00%. Qualifications Required; Minimum balance $5,000; APY as high as 4.07%
Balance: $5 - $500
- Sep 25, 20264.06%▲ from 0.15%
- Sep 12, 20260.15%first recorded
Qualifications Required; Balance: $0.00 - $25,000.00; Qualifying balance up to $25,000.00; Non-qualifying rate 0.00% APY; New accounts receive qualifying rate for first statement cycle
Balance: $0.01 - $25,000
- Sep 18, 20264.00%▲ from 0.05%
- Sep 14, 20260.05%first recorded
Published APY range: 4.00% - 4.07%. Balance: $0 - $499.99; Membership eligibility required; Blended APY range calculated on an assumed sample deposit of $10,000.00 for Youth Savings
Qualifications Required; Balance: $0-$50,000; Qualifying balance up to $50,000.00; Opening Fee: $0; Limit one Max My Savings account per primary account holder
Balance: >= $5,000
- Oct 14, 20263.75%▲ from 0.25%
- Sep 24, 20260.25%first recorded
Balance: $0 - $1,000; Minimum balance: $5; Monthly service fee if below minimum balance: No monthly fee
- Oct 9, 20263.75%▲ from 3.50%
- Sep 29, 20263.50%▲ from 3.45%
- Sep 18, 20263.45%first recorded
Qualifications Required; Balance: $0 - $100,000; Sweep account, Maximum Program Deposit Amount $250,000.00; One account per member/TIN
- Oct 9, 20263.75%▲ from 3.50%
- Sep 18, 20263.50%first recorded
Balance: $0.01 - $4,999.99
Balance: $500,000.01 and over; Requires Spend Plus Checking; Dividends compounded and credited monthly
Balance: 1,000-24,999
Balance: $100,000 and greater
Qualifications Required; Qualifying balance up to $10,000.00; Earn 4x the national average; Balance: $0.01 - $10,000.00; If qualifications aren't met, all balances earn 0.05% APY; Limit of one Bonus Savings per checking account
Qualifications Required; Balance up to $50,000.00; Bundle with Summit or Replenish Checking to earn bonus dividends; Member must complete a homebuyer education program; Member must qualify for and close mortgage with Horizon by Dec 31, 2030; Offer includes $2,000 lender credit for first-time homebuyers (HomeStart account open and in good standing 12+ months)
Qualifications Required; Balance: $0.01 - $15,000.00; Qualifying balance up to $15,000.00; Balances above $15,000.00 earn the standard dividend rate; Bundled with Tether Checking; electronic statements required
Bonus APY on the first $200 in all types of CFCU Youth Accounts
Balance: $0 - $2,499.99; APY Range: 3.00%
Balance: $0-$2,4999; Highest rate on balances up to $2,499.99; Rate effective 12/12/25; Available to consumer, trust, and business accounts only; Limit one Go Savings per Unitus membership
- Sep 18, 20263.00%▲ from 2.96%
- Sep 14, 20262.96%first recorded
Balance: $100,000.01 - $500,000.00; Requires Spend Plus Checking; Dividends compounded and credited monthly
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: $0 - $2,499.99
Balance: $100,000.00 and over; Minimum Balance to Earn APY: $100,000.00
Balance: $50,000.01 - $100,000.00; Requires Spend Plus Checking; Dividends compounded and credited monthly
Balance: $1,000,000+
Contact OlyFed; Variable rate account. Interest rate of 2.50% and 2.57% Annual Percentage Yield (APY) is effective as of February 28, 2025, and is subject to change anytime without notice. Initial deposits into the Companion Savings Account cannot exceed the deposits into any new or renewing Certificate of Deposit (CD). Deposits into Companion Savings Accounts can only be made when a new CD is opened, a deposit is made into an existing Certificate or an existing CD account is renewed at time of maturity. When a CD matures, up to the entire balance of the maturing CD may be deposited into a Companion account. Deposits must be made the same day as the deposits into the CD or at time of maturity. Companion Savings Accounts are compatible with any CD (including IRA's). All balances receive the stated APY. Fees may reduce earnings and rate may change after account opening. Terms and conditions apply. See Truth in Savings disclosure for details.
Variable rate account. Interest rate of 2.50% and 2.57% Annual Percentage Yield (APY) is effective as of January 3, 2025, and is subject to change anytime without notice. Initial deposits into the Companion Savings Account cannot exceed the deposits into any new or renewing Certificate of Deposit (CD). Deposits into Companion Savings Accounts can only be made when a new CD is opened, a deposit is made into an existing Certificate or an existing CD account is renewed at time of maturity. When a CD matures, up to the entire balance of the maturing CD may be deposited into a Companion account. Deposits must be made the same day as the deposits into the CD or at time of maturity. Companion Savings Accounts are compatible with any CD (including IRA's). Minimum opening deposit of $100. All balances receive the stated APY. Fees may reduce earnings and rate may change after account opening. Terms and conditions apply. See Truth in Savings disclosure for details.
Banner checking account required. 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. Annual Percentage Yield (APY) accurate as of 8/20/2026. Rates may change. The interest rate tier is determined by the actual daily account balance. 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.
Balance: $0.00 to $25,000
Balance: $500,000.01 and over; Dividends compounded and credited monthly
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: $0.00 - $500.00; Dividends compounded/credited monthly; Promotional account funded only through Credit Union-approved rewards and savings programs
Balance: $5 and up*
- Sep 18, 20262.27%▲ from 2.01%
- Sep 12, 20262.01%first recorded
Balance: $500.01+
- Sep 18, 20262.27%▲ from 2.01%
- Sep 12, 20262.01%first recorded
Qualifications Required; Balance up to $50,000; Balance tier: Up to $50,000; Links to Kasasa Cash checking account
- Oct 13, 20262.27%▲ from 0.01%
- Oct 9, 20260.01%first recorded
Qualifications Required: Must meet Kasasa Cash checking qualifications; Balance: Up to $50,000; Must meet Kasasa Cash checking qualifications
Qualifications Required; Balance: $100,000.01 and higher; Sweep account, Maximum Program Deposit Amount $250,000.00; One account per member/TIN
- Oct 9, 20262.25%▲ from 2.00%
- Sep 18, 20262.00%first recorded
Balance: $100,000.01 - $500,000.00; Dividends compounded and credited monthly
Effective July 1st, 2025
Balance: $50,000-$99,999.99
Balance: $100 +
Balance: $0-$49,999.99
Balance: >= $25,000
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 Harbor, WA Savings Rate Trends
Compare local Oak Harbor, 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 0.056 points over the past 7 days to 2.052% APY, up from 1.996%.
Washington standard savings rates rose 0.091 points over the past 7 days to 0.670% APY, up from 0.579%.
Oak Harbor, 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 2.052% 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 Harbor, Washington.
Savings Account Earnings in Oak Harbor, 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 (2.052% APY) | Monthly Earnings | Standard Savings (0.670% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $102.58 / year | $8.55 | $33.51 / year | $2.79 |
| $10,000 | $205.17 / year | $17.10 | $67.01 / year | $5.58 |
| $25,000 | $512.93 / year | $42.74 | $167.53 / year | $13.96 |
| $50,000 | $1,025.85 / year | $85.49 | $335.05 / year | $27.92 |
| 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 Harbor, Washington savings rate averages as of October 14, 2026. | ||||
About Our Oak Harbor, Washington Savings Rate Database
MonitorBankRates found 3 institutions with branches in Oak Harbor (1 bank, 2 credit unions), plus 37 additional state-chartered and national online institutions available to Oak Harbor residents. 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: Navy Federal Credit Union offers a savings account at 0.25% APY. Use the rate table above to compare all current offers in Oak Harbor, Washington.
How to Find the Best Savings Rates in Oak Harbor, Washington
What to compare when shopping for a savings account in Oak Harbor, Washington
To find the best savings APYs in Oak Harbor, Washington, start with credit unions and online-only banks: Oak Harbor, Washington has 31 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 2.052% Use the table above to find the best available offer.
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 Harbor, Washington high-yield savings rates currently average 2.052% 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 Harbor, Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 40 institutions in Oak Harbor, 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 Oak Harbor, Washington CD rates
- You want check-writing flexibility Oak Harbor, Washington money market rates
- You need daily transaction access Oak Harbor, Washington checking rates
Oak Harbor, Washington Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
12.8% of residents are 65 or older, below the national average of 17.3%. At today’s WA high-yield savings average of 2.052%, saving 10% of the local median salary ($4,415/year) would earn an additional $91 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Oak Harbor, Washington Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Oak Harbor, Washington.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WA Avg APY | 2.052% | 0.670% | 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 Harbor, Washington averages tracked in our database as of October 14, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Oak Harbor, Washington
At WA’s top rate of 0.25% from Navy Federal Credit Union, a $10,000 deposit earns $25 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Oak Harbor, Washington earner is roughly $11,000. At 2.052% APY, saving $920/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 2.052% 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 Harbor, Washington earner makes $44,154/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.052% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.052% APY grows to roughly $37,527 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 Harbor, 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 Oak Harbor, 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 Oak Harbor, 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 Oak Harbor, Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Oak Harbor, Washington safe?
How often do savings rates change in Oak Harbor, 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 Oak Harbor, Washington?
How do I open a savings account in Oak Harbor, Washington?
Best Savings Rates in Oak Harbor, Washington
- Navy Federal Credit Union
IRA Share Accounts (ESA, Roth, SEP And Traditional): 0.25% APY - Global Federal Credit Union
Business Savings: 0.08% APY - Key Bank
Key Select Money Market Savings - Offer One: 0.05% APY - Whatcom Educational Credit Union
First Step (Youth) Savings: 7.00% APY - Alaska Air Group Federal Credit Union
Youth Savings: 6.14% APY
Oak Harbor, Washington Rates & Resources
