Spokane Valley, Washington Savings Rates - September 2026
Brian McKay
Brian McKay
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Current savings account rates for Spokane Valley, Washington and the surrounding area range from 3.03% to 6.00% APY across the five banks and credit unions featured below, verified by MonitorBankRates as of September 28, 2026. The best savings rates for Spokane Valley, Washington and the surrounding area include Numerica Credit UnionNumerica Credit Union14610 E Sprague Ave, Spokane Valley, WA 99216A+5.0 ★Texas Ratio: 2.22%Real return: +3.20%APY minus 2.8% CPI (February 2026) SIX7 SAVINGS at 6.00% APY, Spokane Teachers Credit UnionSpokane Teachers Credit Union13501 E Sprague Ave, Spokane Valley, WA 99216A5.0 ★Texas Ratio: 10.05%Real return: +2.30%APY minus 2.8% CPI (February 2026) First5 Savings at 5.10% APY, Gesa Credit UnionGesa Credit Union509 N Sullivan Rd, Spokane Valley, WA 99037 8531A5.0 ★Texas Ratio: 6.57%Real return: +2.20%APY minus 2.8% CPI (February 2026) Health Savings Account at 5.00% APY, Idaho Central Credit UnionIdaho Central Credit Union16015 E Broadway Ave, Spokane Valley, WA 99037A+5.0 ★Texas Ratio: 4.55%Real return: +0.60%APY minus 2.8% CPI (February 2026) High-Yield Online Savings Account at 3.40% APY, and Horizon Credit UnionHorizon Credit Union201 N Mullan Rd, Spokane Valley, WA 99206 3790A+5.0 ★Texas Ratio: 1.61%Real return: +0.23%APY minus 2.8% CPI (February 2026) HomeStart Savings Account at 3.03% APY.
Spokane Valley has 52 local institutions in our database, with savings rates as high as 6.00% APY from Numerica Credit Union at 14610 E Sprague Ave, Spokane Valley, WA 99216. 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 Spokane Valley, Washington and the surrounding area. Last Updated and Verified: September 28, 2026
Compare the Best Savings Rates in Spokane Valley, Washington & Surrounding Communities
Base APY on balance of $700+; Earn 6.00% APY for your first $700. That's 16x the national average**
Balances above $500 earn 0.25 % APY. Rate is subject to change and may change after the account is opened. One First5 Savings Account per person.
Qualifying balance up to $500.00; You can use this account to establish membership (with a $5 deposit)
Balances over $500 earn 0.01% APY. Age Eligibility: 0-13 years. Gesa will match deposits up to $25, in $5 increments, within the first year that the account is opened. If less than $5 is deposited at one time, a savings match equaling the amount deposited will be made within one business day of the account deposit. Once the $25 maximum deposit match is met, no additional savings matches will be allowed on the account. Savings Match only eligible for deposits made at a Gesa branch or through mobile deposit. Limit of one savings match of $5, per member, per day. Once per season (Fall, Winter, Spring, Summer), Explorer Savings account holders can bring in their report card and Gesa will deposit $5 for each report card shown to a teller. Report card can be in paper or electronic format. In place of report card, documentation can consist of note from parent or guardian or item of schoolwork. Material presented must be dated within the past 90 days to be considered. Super Student Incentive deposit will be made within one business day of the presentation of a report card. Super Student incentive will be capped at $20 per calendar year, per member. Members will be limited to one Super Student Match per member, per season. The incentive payments may be subject to required IRS reporting.
Qualifying balance up to $500.00; Qualifications Required; a) provide and maintain a valid email address; and b) be enrolled to receive e-statements. If the requirements are not met during the monthly qualifying period, the "non-qualifying" 0.01% APY would apply to the entire balance.
Balance: 1,000-24,999; APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Rate may change after account opening. Fees may reduce earnings. Federally insured by the NCUA.
Qualifications Required: Log on to online banking at least one time each calendar month; Receive at least one direct deposit that successfully posts to an account in the membership each calendar month; Conduct a minimum of 15 debit card transactions via the checking account in each calendar month; Be enrolled in electronic statements.; Listed promotional APY paid on balances up to $50,000; 0.05% APY paid on balances above $50,000. Bundled with your choice of Summit or Replenish Checking. No withdrawal penalties.
Balance: $50.00 - $15,000.00
2.50% APY on a $100,000 - $249,999.99 balance
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. 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 .
There are no monthly fees
Balance: up to $50,000; APYs are accurate as of 1/1/2026. Rates may change after account opening. 1.00% APY on balances above $50,000. Subject to qualifying factors being met during each qualification cycle. Fees may reduce earnings.
- Sep 28, 20262.27%▲ from 1.00%
- Sep 21, 20261.00%first recorded
Health Savings Account ($25,000 and Over)
Balance: above $50,000; APYs are accurate as of 1/1/2026. Rates may change after account opening. 2.27% APY on balances up to $50,000. Subject to qualifying factors being met during each qualification cycle. Fees may reduce earnings.
- Sep 21, 20261.00%▼ from 2.27%
- Sep 14, 20262.27%first recorded
Balance: 100,000+
Balance: 100,000+
Balance: $0.01 to $2,000.00
Balance: 50,000-99,999
Balance: 50,000-99,999
Health Savings Account (Under $25,000)
Balance: 25,000-49,999
Balance: 25,000-49,999
Balance: 2,500-24,999
Balance: 2,500-24,999
Balance: 1,500+
APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Federally insured by the NCUA.
Balance: 0-2,499
Balance: 0-2,499
Balance: 300+
Balance: 1,500+
Balance: 0-1,499
APY = Annual Percentage Yield. The interest rate and annual percentage yield may change at any time. Federally insured by the NCUA.
Balance: 0-299
Balance: 300-1,499
Balance: $100,000+
Balance: $5000.00 or more
Balance: 300+
Balance: 300+
Balance: 0-299
Balance: $50,000 to $74,999.99
APY effective 07/01/2026. Rate is variable and may change after account is open. A $2 fee is charged any month that your average monthly balance goes below $250. One health savings account is allowed per person. No minimum balance to open an STCU health savings account. Fees may reduce earnings. Consult your tax advisor. See all rates and disclosures .
APY effective 07/01/2026. Dividends calculated on daily balance. No fees, service charges, or minimum balance. Every transaction recorded on your statement. Auto save. Schedule automatic transfers on payday to your savings account. 24-hour access. Free online , mobile , and ATM access. Federally insured up to $250,000. No minimum balance required to earn the APY and no penalty for withdrawals. Rate is subject to change and may change after the account is opened. STCU membership is required to open account and fees may reduce earnings.
For ages 18-25. WSECU deposits $1 to open account. Accessible with Online and Mobile Banking. Accounts automatically convert to general membership account at age 26.
Balance requirement: $1.00
Balance requirement: $1.00
Balance: $0.01 - $5,000
Balance: $10,000 to $24,999.99
Balance: $1500.00 to $4999.99
Balance: $0 - $500. Checking account required to open. Open Online
Balance: $0-$5,000
Balance: $0-$5,000
Must be opened at a branch; Balance: $0-$5,000
$5,000
Balance: $100,000 and greater
Standard APY of 0.05% APY on balances of $1 or more.
Balance: $100,000.00 Plus
Balance: $500.01 - $1000. Checking account required to open. Open Online
Balance: Any balance
Co-owned with parent or guardian Complimentary Kids Savings stackable money bank and passbook at new account opening
Balance: $100,000 - $249,999.99
Balance: $50,000.00 - $99,999.99
Balance: $250,000 and above
Balance: $100,000 - $249,999.99
Balance: $250,000 and above
Balance: $50,000-$99,999.99
Balance: $1,000,000 and above
Balance: $500,000 - $999,999
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.
Spokane Valley, WA Savings Rate Trends
Compare local Spokane Valley, 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 0.003 points over the past 7 days to 1.965% APY, down from 1.968%.
Washington standard savings rates fell 0.002 points over the past 7 days to 0.812% APY, down from 0.814%.
Spokane Valley, 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 1.965% 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 60–90 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 Spokane Valley, Washington.
Savings Account Earnings in Spokane Valley, 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 (1.965% APY) | Monthly Earnings | Standard Savings (0.812% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.26 / year | $8.19 | $40.60 / year | $3.38 |
| $10,000 | $196.52 / year | $16.38 | $81.20 / year | $6.77 |
| $25,000 | $491.30 / year | $40.94 | $203.00 / year | $16.92 |
| $50,000 | $982.60 / year | $81.88 | $406.00 / year | $33.83 |
| 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: Spokane Valley, Washington savings rate averages as of September 28, 2026. | ||||
About Our Spokane Valley, Washington Savings Rate Database
MonitorBankRates found 9 institutions with branches in Spokane Valley (1 bank, 8 credit unions), plus 11 additional state-chartered and national online institutions available to Spokane Valley 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 (1–5), 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: Numerica Credit Union offers a savings account at 6.00% APY with a minimum deposit of $25. Use the rate table above to compare all current offers in Spokane Valley, Washington.
How to Find the Best Savings Rates in Spokane Valley, Washington
What to compare when shopping for a savings account in Spokane Valley, Washington
To find the best savings APYs in Spokane Valley, Washington, start with credit unions and online-only banks: Spokane Valley, Washington has 8 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 1.965% but top local institutions are offering as high as 6.00%, 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. Spokane Valley, Washington high-yield savings rates currently average 1.965% 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 Spokane Valley, Washington institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 20 institutions in Spokane Valley, 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 → Spokane Valley, Washington CD rates
- You want check-writing flexibility → Spokane Valley, Washington money market rates
- You need daily transaction access → Spokane Valley, Washington checking rates
Spokane Valley, Washington Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
17.6% of residents are 65 or older, in line with the national average of 17.3%. At today’s WA high-yield savings average of 1.965%, saving 10% of the local median salary ($4,123/year) would earn an additional $81 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Spokane Valley, Washington Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Spokane Valley, Washington.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current WA Avg APY | 1.965% | 0.812% | 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 | 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 Spokane Valley, Washington averages tracked in our database as of September 28, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Spokane Valley, Washington
At WA’s top rate of 6.00% from Numerica Credit Union, a $10,000 deposit earns $600 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Spokane Valley, Washington earner is roughly $10,300. At 1.965% APY, saving $860/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 1.965% 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 Spokane Valley, Washington earner makes $41,230/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 1.965% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.965% APY grows to roughly $36,896 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 Spokane Valley, 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 Spokane Valley, 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 Spokane Valley, 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 Spokane Valley, Washington
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Spokane Valley, Washington safe?
How often do savings rates change in Spokane Valley, 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 Spokane Valley, Washington?
How do I open a savings account in Spokane Valley, Washington?
Best Savings Rates in Spokane Valley, Washington
- Numerica Credit Union
SIX7 SAVINGS: 6.00% APY - Spokane Teachers Credit Union
First5 Savings: 5.10% APY - Gesa Credit Union
Health Savings Account: 5.00% APY - Idaho Central Credit Union
High-Yield Online Savings Account: 3.40% APY - Horizon Credit Union
HomeStart Savings Account: 3.03% APY
Spokane Valley, Washington Rates & Resources
