Compare Savings Rates in Alaska – February 2026

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Best Savings Rates in Alaska

Content reviewed by

Brian McKay

Current Alaska Savings Rates and MMA Rates

Nuvision Federal Credit Union is offering a High Yield Money Market in Alaska with an APY of 0.60%. First Bank Ketchikan, AK has a Money Market available at 0.15% APY (min deposit $0). Current rates from Northrim Bank include a Classic Savings at 0.10% APY. For those in Alaska, First Bank Ketchikan, AK lists a First Premium Savings at 0.10%.

Find the best savings and money market rates in Alaska 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 AK, comparing APYs is the best way to maximize your interest earnings.

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

Savings Rates in Alaska and Area

• High Yield Money Market:
0.60%
• Money Market:
0.15%
• Classic Savings:
0.10%
• First Premium Savings:
0.10%
• Primary Savings:
0.10%

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

Best Savings Rates and Money Market Rates in Alaska & Region February, 2026

First Bank Ketchikan, AK
331 Dock St
Ketchikan, AK 99901

Money Market

0.15%

First Bank Ketchikan, AK
331 Dock St
Ketchikan, AK 99901

First Premium Savings

0.10%

Northrim Bank
517 W 7th Ave
Anchorage, AK 99501

Classic Savings

0.10%

$100

Northrim Bank
517 W 7th Ave
Anchorage, AK 99501

Money Market

0.07%

$500

Disclaimer

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.

Methodology & Data Sources

Local Savings Rate Aggregation: MonitorBankRates tracks savings account rates for Alaska by aggregating data from local banks, local credit unions, and national online institutions. Our proprietary technology scans daily to ensure you see the most competitive high-yield savings accounts (HYSAs) and money market accounts available in your area.

Data Accuracy & Safety: The APYs displayed for Alaska reflect current market offers. We prioritize data from institutions that are FDIC or NCUA insured to ensure your deposits are protected, and we verify these figures against the institution's published terms to maintain high reliability for savers in AK.

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 Alaska. It is always advisable to check with the specific financial institution's official website for the most current offers and terms.

How to Find the Best Savings Account in Alaska

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.
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.
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.
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 Alaska

What are the current savings rates in Alaska? ▼

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

Lender / Product

APY

Min Dep

Nuvision Federal Credit Union

High Yield Money Market

0.60%

$50,000

First Bank Ketchikan, AK

Money Market

0.15%

First Bank Ketchikan, AK

First Premium Savings

0.10%

Northrim Bank

Classic Savings

0.10%

$100

Lender / Product

APY

Min Dep

Nuvision Federal Credit Union

Primary Savings

0.10%

Northrim Bank

Money Market

0.07%

$500

Wells Fargo

Platinum Savings

0.05%

Wells Fargo

Way2Save Savings

0.01%

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.