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Compare Savings Rates in Alabama – March 2026

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Current Alabama Savings Rates and MMA Rates

Current rates from Avadian Credit Union include a Centsible Savings2 at 7.00% APY. For those in Alabama, First US Bank (AL) lists a NextGEN Savings at 5.12%. For those in Alabama, Guardian Credit Union Montgomery, AL lists a Round-Up Savings at 5.10%. Current rates from Max Credit Union include a Elevate Money Market Account at 5.00% APY.

Find the best savings and money market rates in Alabama today. Our real-time rate table below compares offers from top lenders to help you grow your savings. Whether you are looking for a traditional savings account or a high-yield option in AL, comparing APYs is the best way to maximize your interest earnings.

The following rates reflect recent market quotes and representative offers available to Alabama depositors. Actual savings rates may vary by financial institution and market conditions.

Last Updated and Verified: March 5, 2026

Savings Rates in Alabama and Area

  • Centsible Savings2:
    7.00%
  • NextGEN Savings:
    5.12%
  • Round-Up Savings:
    5.10%
  • Elevate Money Market Account:
    5.00%
  • Incentive Savings:
    5.00%

Rates shown are recent market averages and representative quotes. Actual rates may vary.

Last Updated and Verified: March 5, 2026

Best Alabama and Area Savings Rates & Money Market Rates

Bank / Credit Union
Product
APY
Min Deposit
Avadian Credit Union Vernon, AL
Centsible Savings2
7.00%
$0
Rate 7.00%
Min Deposit $0
Last Updated 03/05/2026
Details

First US Bank (AL) Woodstock, VA
NextGEN Savings
5.12%
$5
Rate 5.12%
Min Deposit $5
Last Updated 03/05/2026
Details Earns 5.12% APY up to $500 and 0.05% APY on balances over $500‡

Guardian Credit Union Montgomery, AL Wetumpka, AL
Round-Up Savings
5.10%
$0
Rate 5.10%
Min Deposit $0
Last Updated 03/05/2026
Details

Max Credit Union Wetumpka, AL
Elevate Money Market Account
5.00%
$0
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Legacy Community Federal Credit Union Hoover, AL
Incentive Savings
5.00%
$0
Rate 5.00%
Min Deposit $0
Last Updated 03/05/2026
Details earn up to 5% APY* on the first $1,000

Redstone Federal Credit Union Tanner, TN
Brighter Day Savings Account
4.06%
$0
Rate 4.06%
Min Deposit $0
Last Updated 03/05/2026
Details

Max Credit Union Wetumpka, AL
Elevate Money Market Account
4.00%
$0
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Platinum Federal Credit Union Hoover, AL
High Yield Savings
4.00%
$0
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Platinum Federal Credit Union Hoover, AL
Youth Savings
4.00%
$0
Rate 4.00%
Min Deposit $0
Last Updated 03/05/2026
Details Up to $2,500

Northrop Grumman Federal Credit Union Huntsville, AL
IRA Savings 12 Month
3.79%
$0
Rate 3.79%
Min Deposit $0
Last Updated 03/05/2026
Details

Guardian Credit Union Montgomery, AL Wetumpka, AL
High Rate Savings
3.75%
$0
Rate 3.75%
Min Deposit $0
Last Updated 03/05/2026
Details $10,000 required average daily balance

Avadian Credit Union Vernon, AL
New Business Money Market
3.65%
$10,000
Rate 3.65%
Min Deposit $10,000
Last Updated 03/05/2026
Details New Money

Northrop Grumman Federal Credit Union Huntsville, AL
IRA Savings 48 Month
3.60%
$0
Rate 3.60%
Min Deposit $0
Last Updated 03/05/2026
Details

Northrop Grumman Federal Credit Union Huntsville, AL
IRA Savings 60 Month
3.60%
$0
Rate 3.60%
Min Deposit $0
Last Updated 03/05/2026
Details

Northrop Grumman Federal Credit Union Huntsville, AL
IRA Savings 24 Month
3.59%
$0
Rate 3.59%
Min Deposit $0
Last Updated 03/05/2026
Details

Northrop Grumman Federal Credit Union Huntsville, AL
IRA Savings 36 Month
3.55%
$0
Rate 3.55%
Min Deposit $0
Last Updated 03/05/2026
Details

Avadian Credit Union Vernon, AL
High Yield Savings
3.50%
$0
Rate 3.50%
Min Deposit $0
Last Updated 03/05/2026
Details

Local Bank Red Level, AL Tuscaloosa, AL
Money Market
3.50%
$0
Rate 3.50%
Min Deposit $0
Last Updated 03/05/2026
Details

AOD Federal Credit Union Pell City, AL
Money Market Account
3.50%
$0
Rate 3.50%
Min Deposit $0
Last Updated 03/05/2026
Details $50,000.01 to $100,000.00

Local Bank Red Level, AL Tuscaloosa, AL
Money Market Accounts
3.50%
$0
Rate 3.50%
Min Deposit $0
Last Updated 03/05/2026
Details Annual Percentage Yield (APY) accurate as of 1/1/26. Rates may change at any time. Fees may reduce earnings. Member FDIC.

Truist Wetumpka, AL
Small Business Money Market Account
3.40%
$0
Rate 3.40%
Min Deposit $0
Last Updated 03/05/2026
Details Eligible clients can earn a 3.40% annual percentage yield (APY) with a new Truist Business Money Market account.

Northrop Grumman Federal Credit Union Huntsville, AL
IRA Savings 84 Month
3.35%
$0
Rate 3.35%
Min Deposit $0
Last Updated 03/05/2026
Details

PNC Bank Wetumpka, AL
PNC High Yield Savings®
3.30%
$1
Rate 3.30%
Min Deposit $1
Last Updated 03/05/2026
Details

Mutual Savings Credit Union Hoover, AL Selma, AL
Elite Money Market
3.25%
$0
Rate 3.25%
Min Deposit $0
Last Updated 03/05/2026
Details $200,000.00 +

UNIFY Financial Federal Credit Union Madison, AL
Money Market Plus Account
3.25%
$0
Rate 3.25%
Min Deposit $0
Last Updated 03/05/2026
Details as high as

New Horizons Credit Union Semmes, AL
Savings
3.25%
$0
Rate 3.25%
Min Deposit $0
Last Updated 03/05/2026
Details Earns 3.20% rate, 3.25% APY on balances $0.01 - $10,000; 0.25% rate, 3.25%- 0.53% APY on balances >$10,000

Riverfall Credit Union Tuscaloosa, AL
Money Market
3.04%
$0
Rate 3.04%
Min Deposit $0
Last Updated 03/05/2026
Details

Alabama Credit Union VERNON, FL
Daily Money Market
3.03%
$0
Rate 3.03%
Min Deposit $0
Last Updated 03/05/2026
Details The Daily Money Market Account requires a minimum opening deposit of $2,500 and a minimum balance of $2,500 to avoid incurring a fee. The higher the balance in the account, the higher the dividends will be each month.

Platinum Federal Credit Union Hoover, AL
College Savings Plan
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Max Credit Union Wetumpka, AL
Elevate Money Market Account
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Guardian Credit Union Montgomery, AL Wetumpka, AL
Money Market
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details ($2,500 daily balance required); $2,500 to $9,999.99

Red Oak Credit Union Tuscaloosa, AL
Money Market
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Red Oak Credit Union Tuscaloosa, AL
Money Market Account
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details

Navigator Credit Union Mobile, AL
Prime Money Market
3.00%
$0
Rate 3.00%
Min Deposit $0
Last Updated 03/05/2026
Details Variable: Prime-3.75%

Hancock Whitney Bank Saraland, AL
Freestyle Savings Account
2.75%
$0
Rate 2.75%
Min Deposit $0
Last Updated 03/05/2026
Details Minimum Collected Balance: $25,000.00 - $100,000.00

Family Savings Credit Union Scottsboro, GA
Money Market
2.75%
$0
Rate 2.75%
Min Deposit $0
Last Updated 03/05/2026
Details Balances $50,000 and up

Winsouth Credit Union RAINSVILLE, AL
Money Market Accounts
2.75%
$0
Rate 2.75%
Min Deposit $0
Last Updated 03/05/2026
Details

Winsouth Credit Union RAINSVILLE, AL
Money Market Special
2.75%
$100,000
Rate 2.75%
Min Deposit $100,000
Last Updated 03/05/2026
Details Earn 2.75% APY* when you deposit $100,000 or more in your money market account.

First Bank Wadley, AL Wadley, AL
Money Market
2.63%
$0
Rate 2.63%
Min Deposit $0
Last Updated 03/05/2026
Details

Guardian Credit Union Montgomery, AL Wetumpka, AL
Business Money Market+
2.55%
$0
Rate 2.55%
Min Deposit $0
Last Updated 03/05/2026
Details ($2,500 daily balance required); $250,000 to $499,999.99

MTC Federal Credit Union Midland City, AL
Money Market Account Plus
2.52%
$0
Rate 2.52%
Min Deposit $0
Last Updated 03/05/2026
Details Money Market Plus accounts are limited to six withdrawals per month. The account is subject to a $10 fee per excessive withdrawal.

Hancock Whitney Bank Saraland, AL
Freestyle Savings Account
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details Minimum Collected Balance: $10,000.00 - $24,999.99

Family Savings Credit Union Scottsboro, GA
Money Market
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details Balances $25,000.00 - $49,999.99

Winsouth Credit Union RAINSVILLE, AL
Money Market Accounts
2.50%
$0
Rate 2.50%
Min Deposit $0
Last Updated 03/05/2026
Details

Avadian Credit Union Vernon, AL
Premium Money Market
2.50%
$10,000
Rate 2.50%
Min Deposit $10,000
Last Updated 03/05/2026
Details Earns 2.50% APY on balances $100,000.00 -$249,999.99; Interest Paid Monthly

FirstBank (TN) Wedowee, AL
FirstRate Money Market
2.48%
$5,000
Rate 2.48%
Min Deposit $5,000
Last Updated 03/05/2026
Details The interest rate on your account is 2.45% with an annual percentage yield of 2.48%. Your interest rate and annual percentage yield may change.

Guardian Credit Union Montgomery, AL Wetumpka, AL
Business Money Market+
2.45%
$0
Rate 2.45%
Min Deposit $0
Last Updated 03/05/2026
Details ($2,500 daily balance required); $100,000 to $249,999.99

MTC Federal Credit Union Midland City, AL
Money Market Account Plus
2.27%
$0
Rate 2.27%
Min Deposit $0
Last Updated 03/05/2026
Details Money Market Plus accounts are limited to six withdrawals per month. The account is subject to a $10 fee per excessive withdrawal.

Max Credit Union Wetumpka, AL
Performance Money Market Account
2.27%
$0
Rate 2.27%
Min Deposit $0
Last Updated 03/05/2026
Details $500,000

Mutual Savings Credit Union Hoover, AL Selma, AL
Elite Money Market
2.25%
$0
Rate 2.25%
Min Deposit $0
Last Updated 03/05/2026
Details $100,000.01 - $199,999.99

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. The "Min. Balance" indicates the minimum amount required to earn the stated APY. Please note that some of the offers presented on this site are from advertisers, who provide compensation for their inclusion. However, these advertised offers do not encompass all available deposit accounts.

Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Alabama directly from the official websites of banks and credit unions using a combination of our proprietary rate aggregation technology and a dedicated team of rate updaters. By pulling this data straight from the institutions' own digital properties and manually verifying the yields daily, we ensure that every savings rate displayed on savingsaccount.monitorbankrates.com is highly accurate and trustworthy.

Local, Regional, and National Coverage: Our systems and team constantly monitor the market to provide a complete picture of available yields in Alabama. We feature a comprehensive mix of financial institutions, allowing you to easily compare localized savings rates from neighborhood credit unions, competitive offers from mid-sized regional banks, and high-yield savings accounts from large national institutions available to savers in AL.

Daily Updates & Time-Stamped Accuracy: To maintain the highest level of data integrity, our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly based on market conditions, every single savings product listed on our platform features its own specific "last updated" date. This gives you absolute transparency into exactly when that specific yield was confirmed.

Disclaimer: Savings rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions in Alabama. It is always advisable to check with the specific financial institution's official website for the most current offers and terms. Last Updated and Verified: March 5, 2026

How to Find the Best Savings Account in Alabama

  1. Compare APY (Annual Percentage Yield) The APY determines how much interest you will earn in a year. Unlike simple interest, APY includes compound interest. Always look for the highest APY to maximize your earnings.
  2. Check Minimum Deposit Requirements Some high-yield savings accounts require a large initial deposit (e.g., $5,000 or $10,000) to earn the advertised rate. Ensure you can meet these minimums before applying.
  3. Review Monthly Fees Avoid accounts that charge monthly maintenance fees, as these can eat into your interest earnings. Many online banks and credit unions offer no-fee savings accounts.
  4. Verify FDIC or NCUA Insurance Ensure your money is safe. Banks should be FDIC insured, and Credit Unions should be NCUA insured. This protects your deposits up to $250,000 per depositor.

Frequently Asked Questions for Alabama

What are the current savings rates in Alabama and the surrounding area
Below is a list of current savings and money market rates available for Alabama. We track lenders daily to provide the most up-to-date APY and term information.

Lender / Product
APY
Min Dep
Avadian Credit Union
Centsible Savings2
7.00%
$0
First US Bank (AL)
NextGEN Savings
5.12%
$5
Guardian Credit Union Montgomery, AL
Round-Up Savings
5.10%
$0
Max Credit Union
Elevate Money Market Account
5.00%
$0
Legacy Community Federal Credit Union
Incentive Savings
5.00%
$0
Lender / Product
APY
Min Dep
Redstone Federal Credit Union
Brighter Day Savings Account
4.06%
$0
Max Credit Union
Elevate Money Market Account
4.00%
$0
Platinum Federal Credit Union
High Yield Savings
4.00%
$0
Platinum Federal Credit Union
Youth Savings
4.00%
$0
Northrop Grumman Federal Credit Union
IRA Savings 12 Month
3.79%
$0
Last Updated and Verified: March 5, 2026
What is a High-Yield Savings Account?
A high-yield savings account is a type of savings account that pays a significantly higher interest rate (APY) than standard savings accounts. These are often offered by online banks that have lower overhead costs than traditional brick-and-mortar banks.
Are online savings accounts safe?
Yes, as long as the online bank is FDIC insured. This provides the same level of protection (up to $250,000 per depositor) as a traditional bank. Always check for the FDIC logo on the bank's website.
Can I withdraw money from a savings account anytime?
Yes, but there are limits. Federal Regulation D used to limit certain withdrawals to 6 per month, though this has been suspended. However, individual banks may still enforce transaction limits or charge fees for excessive withdrawals.
Do savings rates change?
Yes, savings rates are variable and can change at any time based on the Federal Reserve's benchmark interest rates and market conditions. Unlike a CD (Certificate of Deposit), your savings rate is not locked in.

Cities in Alabama

Abbeville
Abernant
Adamsville
Addison
Adger
Akron
Alabaster
Alberta
Albertville
Alexander City
Alexandria
Aliceville
Allgood
Alma
Alpine
Alton
Altoona
Andalusia
Anderson
Annemanie
Anniston
Arab
Ardmore
Ariton
Arley
Arlington
Ashford
Ashland
Ashville
Athens
Atmore
Attalla
Auburn
Auburn University
Autaugaville
Axis
Baileyton
Banks
Bankston
Bay Minette
Bayou La Batre
Bear Creek
Beatrice
Beaverton
Belk
Bellamy
Belle Mina
Bellwood
Berry
Bessemer
Billingsley
Birmingham
Black
Blountsville
Boaz
Boligee
Bon Air
Bon Secour
Booth
Boykin
Brantley
Bremen
Brent
Brewton
Bridgeport
Brierfield
Brilliant
Brooklyn
Brookside
Brookwood
Brownsboro
Brundidge
Bryant
Bucks
Buhl
Burnt Corn
Burnwell
Butler
Bynum
Calera
Calvert
Camden
Camp Hill
Campbell
Capshaw
Carbon Hill
Cardiff
Carlton
Carrollton
Castleberry
Catherine
Cecil
Cedar Bluff
Centre
Centreville
Chancellor
Chapman
Chatom
Chelsea
Cherokee
Childersburg
Choccolocco
Chunchula
Citronelle
Clanton
Clay
Clayton
Cleveland
Clinton
Clio
Clopton
Cloverdale
Coaling
Coden
Coffee Springs
Coffeeville
Coker
Collinsville
Columbia
Columbiana
Cook Springs
Coosada
Cordova
Cottondale
Cottonton
Cottonwood
Courtland
Cowarts
Coy
Cragford
Crane Hill
Creola
Cromwell
Cropwell
Crossville
Cuba
Cullman
Cusseta
Dadeville
Daleville
Danville
Daphne
Dauphin Island
Daviston
Dawson
De Armanville
Deatsville
Decatur
Deer Park
Delmar
Delta
Demopolis
Detroit
Dickinson
Dixons Mills
Docena
Dolomite
Dora
Dothan
Double Springs
Douglas
Dozier
Duncanville
Dutton
East Tallassee
Eastaboga
Echola
Eclectic
Edwardsville
Eight Mile
Elba
Elberta
Eldridge
Elkmont
Elmore
Elrod
Emelle
Empire
Enterprise
Epes
Equality
Estillfork
Ethelsville
Eufaula
Eutaw
Eva
Evergreen
Excel
Fackler
Fairfield
Fairhope
Falkville
Faunsdale
Fayette
Fitzpatrick
Five Points
Flat Rock
Flomaton
Florala
Florence
Foley
Forest Home
Forkland
Fort Davis
Fort Deposit
Fort Mitchell
Fort Payne
Fort Rucker
Fosters
Franklin
Frankville
Frisco City
Fruitdale
Fruithurst
Fulton
Fultondale
Furman
Fyffe
Gadsden
Gainestown
Gainesville
Gallant
Gallion
Gantt
Garden City
Gardendale
Gaylesville
Geneva
Georgiana
Geraldine
Gilbertown
Glen Allen
Glenwood
Goodsprings
Goodwater
Goodway
Gordo
Gordon
Goshen
Grady
Graham
Grand Bay
Grant
Graysville
Green Pond
Greensboro
Greenville
Grove Hill
Groveoak
Guin
Gulf Shores
Guntersville
Gurley
Hackleburg
Haleyville
Hamilton
Hanceville
Hardaway
Harpersville
Hartford
Hartselle
Harvest
Hatchechubbee
Hayden
Hayneville
Hazel Green
Headland
Heflin
Helena
Henagar
Higdon
Highland Home
Hillsboro
Hodges
Hollins
Holly Pond
Hollytree
Hollywood
Holy Trinity
Honoraville
Hoover
Hope Hull
Horton
Houston
Huntsville
Hurtsboro
Huxford
Ider
Irvington
Iuka
Jachin
Jack
Jackson
Jacksons Gap
Jacksonville
Jasper
Jefferson
Jemison
Jones
Joppa
Kansas
Kellerman
Kellyton
Kennedy
Kent
Killen
Kimberly
Kinston
Knoxville
Laceys Spring
Lafayette
Lanett
Langston
Lapine
Lawley
Leeds
Leesburg
Leighton
Lenox
Leroy
Lester
Letohatchee
Lexington
Lillian
Lincoln
Linden
Lineville
Lisman
Little River
Livingston
Loachapoka
Lockhart
Locust Fork
Logan
Louisville
Lower Peach Tree
Lowndesboro
Loxley
Luverne
Lynn
Madison
Magnolia
Magnolia Springs
Malcolm
Malvern
Maplesville
Marbury
Margaret
Marion
Marion Junction
Mathews
Maylene
McCalla
McIntosh
McKenzie
McShan
McWilliams
Megargel
Melvin
Mentone
Meridianville
Mexia
Midland City
Midway
Millbrook
Millerville
Millport
Millry
Minter
Mobile
Monroeville
Montevallo
Montgomery
Montrose
Moody
Mooresville
Morris
Morvin
Moulton
Moundville
Mount Hope
Mount Meigs
Mount Olive
Mount Vernon
Mulga
Munford
Muscadine
Muscle Shoals
Myrtlewood
Nanafalia
Natural Bridge
Nauvoo
Needham
New Brockton
New Castle
New Hope
New Market
Newbern
Newell
Newton
Newville
Normal
Northport
Notasulga
Oak Hill
Oakman
Odenville
Ohatchee
Oneonta
Opelika
Opp
Orange Beach
Orrville
Owens Cross Roads
Ozark
Paint Rock
Palmerdale
Panola
Pansey
Parrish
Pelham
Pell City
Pennington
Perdido
Perdue Hill
Perote
Peterman
Peterson
Petrey
Phenix City
Phil Campbell
Piedmont
Pike Road
Pinckard
Pine Apple
Pine Hill
Pine Level
Pinson
Pisgah
Pittsview
Plantersville
Pleasant Grove
Point Clear
Prattville
Princeton
Quinton
Ragland
Rainbow City
Rainsville
Ralph
Ramer
Ranburne
Randolph
Range
Red Bay
Red Level
Reform
Remlap
Repton
River Falls
Riverside
Roanoke
Robertsdale
Rockford
Rogersville
Russellville
Rutledge
Ryland
Safford
Saginaw
Saint Elmo
Saint Stephens
Salem
Salitpa
Samantha
Samson
Saraland
Sardis
Satsuma
Sawyerville
Sayre
Scottsboro
Seale
Section
Selma
Seminole
Semmes
Shannon
Sheffield
Shelby
Shorter
Shorterville
Silas
Siluria
Silverhill
Sipsey
Skipperville
Slocomb
Smiths
Snow Hill
Somerville
Spanish Fort
Spring Garden
Springville
Sprott
Spruce Pine
Stanton
Stapleton
Steele
Sterrett
Stevenson
Stockton
Sulligent
Sumiton
Summerdale
Sunflower
Sweet Water
Sycamore
Sylacauga
Sylvania
Talladega
Tallassee
Tanner
Theodore
Thomaston
Thomasville
Thorsby
Tibbie
Titus
Toney
Town Creek
Townley
Toxey
Trafford
Trenton
Trinity
Troy
Trussville
Tuscaloosa
Tuscumbia
Tuskegee
Tuskegee Institute
Tyler
Union Grove
Union Springs
Uniontown
Uriah
Valhermoso Springs
Valley
Valley Head
Vance
Vandiver
Verbena
Vernon
Vina
Vincent
Vinegar Bend
Vinemont
Vredenburgh
Wadley
Wagarville
Walker Springs
Walnut Grove
Ward
Warrior
Waterloo
Watson
Wattsville
Waverly
Weaver
Webb
Wedowee
Wellington
Weogufka
West Blocton
West Greene
Westover
Wetumpka
Whatley
Wilmer
Wilsonville
Wilton
Winfield
Wing
Woodland
Woodstock
Woodville
York