Bank · FDIC insured
Select Bank Savings Rates
Select Bank’s best savings rate is 1.05% APY, with its Free Kasasa Saver, with extra requirements. Rates checked October 22, 2026.
How Select Bank’s savings rates compare
Compared with banks and credit unions near Lynchburg, VA, where Select Bank has the most branches. $10,000, best rate first.
This bank’s best
Select Bank
1.05%APY
- Requires
- Monthly account activity
- Minimum
- $25
- Earns on $10,000 a year
- $105
Free Kasasa Saver
Top rate
Beacon Credit Union
4.00%APY
- Requires
- None
- Minimum
- $100
- Earns on $10,000 a year
- $400
2nd-highest rate
Freedom First
3.25%APY
- Requires
- None
- Minimum
- $5,000
- Earns on $10,000 a year
- $325
Select Bank savings score
68
Savings score
Higher than 21% of U.S. banks and credit unions
- $1,000 balance$1,0000.05%
- $10,000 balance$10,0000.05%
- $100,000 balance$100,0000.05%
- QualifiedQualified1.05%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Select Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Free Kasasa Saver
Up to 1.05%APY
Requires linking to a Kasasa Cash or Kasasa Cash Back checking account. Limit of one Kasasa Saver account per Social Security Number.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $250,000When linked Kasasa Cash or Kasasa Cash Back account qualifications are met during Monthly Qualification Cycle (at least 12 debit card purchases, enrolled in eStatements, and enrolled/logged into online banking). | 1.05% | $105 | When linked Kasasa Cash or Kasasa Cash Back account qualifications are met during Monthly Qualification Cycle (at least 12 debit card purchases, enrolled in eStatements, and enrolled/logged into online banking). |
| Any balanceBase rate when linked Kasasa Cash or Kasasa Cash Back account qualifications are not met. | 0.05% | $5 | Base rate when linked Kasasa Cash or Kasasa Cash Back account qualifications are not met. |
| $250,000 and upWhen linked Kasasa Cash or Kasasa Cash Back qualifications are met; earns 0.4789% interest rate on portion over $250,000, resulting in an APY range depending on balance (disclosed in text as 1.30% to 1.00% APY / 0.41% to 0.48% APY in disclosure). | 0.48% | — | When linked Kasasa Cash or Kasasa Cash Back qualifications are met; earns 0.4789% interest rate on portion over $250,000, resulting in an APY range depending on balance (disclosed in text as 1.30% to 1.00% APY / 0.41% to 0.48% APY in disclosure). |
Sources (1)
- myselectbank.com/personal/personal-savings · captured Sep 19, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.