Compare Bank & Credit Union Rates
Best savings rates in Alabama
Compare published savings yields, money market accounts included, with minimums, requirements, collection dates and original sources.
Top savings rates
Showing 181–195 results in Alabama
- Bank IndependentIndependent Money MarketIndependent Money Market · $1 min · 0.11%–0.25% by balance
Bank · 32 branches
0.13%APY$13 a year on $10,000Requirements
Product: Open with as little as $1. Monthly fee of $15 waived with a minimum $2,500 balance or at least one transfer from another Bank Independent account per month.
Offer: Avoid a $15 monthly fee with a minimum $2,500 balance or at least one transfer from another Bank Independent account per month.
0.11% interest rate · $15 monthly fee · Effective May 13, 2026
Rate by balance
Rate by balance for Independent Money Market Balance APY Up to $10,000 0.11% $10,000 – $50,000Your amount 0.13% $100,000 – $250,000 0.17% $500,000 and up 0.25% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Variable-rate account; rates may change after the account is opened. Rates apply when qualifications are met.
Offer: When qualifications not met.
0.10% interest rate · Effective Oct 1, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Includes Regular Savings & Secondary Savings for savings goals and emergencies. Interest compounded daily, paid monthly.
0.10% interest rate · Compounded daily · No monthly fee · Effective Oct 12, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Six debit transactions per monthly statement cycle with no fee ($10.00 per item charge for additional debits over six). Prime Interest compounded monthly and paid monthly. Currently, US Prime is 7.00%.
Offer: Tier 1: If average daily balance is $34,999.99 or less, interest rate paid on entire balance is Exchange Savings Rate of 0.10% with APY of 0.10%. $25.00 service charge if average daily balance falls below $2,500.00.
0.10% interest rate · Compounded monthly · Effective Sep 16, 2026
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Also referred to as Regular Share. Basic share account required for membership with ASE Credit Union. Pays dividends quarterly.
Offer: Requires minimum balance of $5; interest compounded and paid quarterly.
0.10% interest rate
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Initial minimum deposit of $5 required to establish account and membership. Share account rates are variable and subject to change. Fees may reduce earnings.
0.10% interest rate · Effective Oct 1, 2026
Rate checked
More details - MTC Federal Credit UnionShare Savings AccountSavings · $50 min · 0.05%–0.40% by balance
Credit union · 1 branch
0.10%APY$10 a year on $10,000Requirements
Product: Initial deposit of $50 required to open and establishes MTC Federal Credit Union membership.
0.05% interest rate
Rate by balance
Rate by balance for Share Savings Account Balance APY Up to $1,000 0.05% $1,000 – $7,500 0.10% $7,500 – $15,000Your amount 0.10% $15,000 – $50,000 0.10% $50,000 – $75,000 0.20% $75,000 – $100,000 0.30% $100,000 and up 0.40% Rate checked
More details - MTC Federal Credit UnionCustom Savings AccountSavings · $5 min · 0.05%–0.20% by balance
Credit union · 1 branch
0.10%APY$10 a year on $10,000Requirements
Product: No minimum deposit required to open. Set up as many Custom Savings accounts as desired.
0.05% interest rate
Rate by balance
Rate by balance for Custom Savings Account Balance APY Up to $1,000 0.05% $1,000 – $7,500 0.10% $7,500 – $15,000Your amount 0.10% $15,000 – $50,000 0.10% $50,000 and up 0.20% Rate checked
More details - First Horizon BankMoney Market SavingsMoney Market Savings · $50 min · 0.10%–0.15% by balance
Bank · 13 branches
0.10%APY$10 a year on $10,000Requirements
Product: $50 minimum opening deposit. The monthly service charge is refunded within 3 business days when the primary or joint account holder has an active Elite Checking account, or if the total combined balance in consumer deposit accounts is at least $5,000. Otherwise, a $9 monthly service charge applies. Tiered interest at money market rates based on daily balance compounded and credited monthly.
Offer: Monthly service charge refunded within 3 business days when linked to an active Elite Checking account or with $5,000+ total combined balance in consumer deposit accounts. Otherwise $9/month.
$9 monthly fee · Effective Sep 28, 2026
Rate by balance
Rate by balance for Money Market Savings Balance APY Up to $24,999Your amount 0.10% $25,000 – $49,999 0.10% $50,000 – $99,999 0.15% $100,000 – $249,999 0.15% $250,000 and up 0.15% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: All members open a Regular Savings account upon joining Kinetic Credit Union. Minimum deposit serves as share ownership in the credit union.
0.10% interest rate
Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Dividends calculated by monthly average daily balance method of $100 or more and paid and compounded quarterly. $5.00 minimum opening deposit.
Offer: Dividends paid quarterly.
Compounded quarterly · Effective Aug 1, 2026
Rate by balance
Rate by balance for Savings Balance APY $100 – $2,500 0.05% $2,500 – $25,000Your amount 0.10% $25,000 – $75,000 0.25% $75,000 and up 0.30% Rate checked
More details - Avadian Credit UnionU Name It SavingsSavings · $100 min · 0.05%–0.30% by balance
Credit union · 19 branches
0.10%APY$10 a year on $10,000Requirements
Product: Goal-oriented savings account. $5.00 minimum opening deposit.
Offer: Dividends paid quarterly.
Effective Aug 1, 2026
Rate by balance
Rate by balance for U Name It Savings Balance APY $100 – $2,500 0.05% $2,500 – $25,000Your amount 0.10% $25,000 – $75,000 0.25% $75,000 and up 0.30% Rate checked
More details - 0.10%APY$10 a year on $10,000
Requirements
Product: Required for membership with ASE Credit Union. Pays dividends quarterly.
0.10% interest rate
Rate checked
More details - 0.10%APY$10 a year on $10,000with conditions
Requirements
Product: Links to Noble Interest Checking. Automatic transfers of Noble Interest earnings.
Offer: Base interest rate if qualifications are not met on Noble Interest Checking. Free eStatements ($3.00 for paper statement).
Qualified rate · No monthly fee · Effective Mar 1, 2022
Rate checked
More details - 0.10%APY$10 a year on $10,000with conditions
Requirements
Product: Links to Noble Cash Back Checking. Automatic transfers of Noble Interest earnings.
Offer: Base interest rate if qualifications are not met on Noble Cash Back Checking. Free eStatements ($3.00 for paper statement).
Qualified rate · No monthly fee · Effective Mar 1, 2022
Rate checked
More details
Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates, not just the account shown. How we rank
What savings accounts pay in Alabama
266 accounts at 101 banks and credit unions · checked Oct 22–23
- Typical
- 0.25%
- Top 10% from
- 2.00%
- Banks, typical
- 0.13%
- Credit unions, typical
- 0.30%
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Alabama
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Auburn University Credit UnionCredit union · 3 branches
- ASE Credit UnionCredit union · 9 branches
- AOD Federal Credit UnionCredit union · 6 branches