Highest Savings Account Rate in Indianapolis Found at Teachers Credit Union

By Clay Wyatt December 16, 2013 Savings Accounts 101

Savings rates across the United States are abysmal, including the 0.07% average in Indianapolis. Yet, low rates across the board simply underscore the need to find the best rate possible. In a quest to uncover the top rate in Indianapolis, we’ve discovered Teachers Credit Union‘s Regular Savings account.

With a 0.20% APY, this Indianapolis savings account isn’t your ticket to retirement. Yet, the idea is to compare it to the rest and choose the best. If you’re in the market for a savings account in Indianapolis, this account is the one to go with.

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The minimum opening balance of $5 is reasonable, and a minimum account balance of $10,000 is required to earn the 0.20% APY return. Note that by depositing the $5 minimum into the share savings account, depositors are able to say they are not only a customer, but a shareholder of the institution.

But Teachers Credit Union isn’t the only Indianapolis savings account residents can benefit from. The following are the rest of the top 10 savings accounts in Indianapolis available now.

10 Best Indianapolis Savings Accounts

Institution	Savings Account	Rate
Teachers Credit Union	Regular Savings	0.20% APY

Marine Bank	Bonus Savings	0.15% APY

Merchants Bank of Indiana	Regular Savings	0.15% APY

Centra Credit Union	Share Savings	0.12% APY

Forum Credit Union	Regular Share	0.10% APY

Indiana Members Credit Union	Savings	0.10% APY

Fifth Third Bank	Goal Setter Savings	0.05% APY

National Bank of Indianapolis	Circle Savings	0.05% APY

Old National Bank	Basic Savings	0.05% APY

Farmers Bank	Regular Savings	0.03% APY

About this Indianapolis Savings Account Study

Unless otherwise attributed, all data used in this study was sourced from Informa Research Services/GoBankingRates.com database, which contains interest rate information from more than 4,000 local, regional, nationwide and online banking and credit union institutions.

All Indianapolis interest rate and savings account information documented by financial institutions is accurate as of Nov. 25, 2013. Interest rates could change at any time, without notice, and are based upon the sole judgment of the bank or credit union. Interest rates could have changed since the publish date.

About the Author

Clay Wyatt

Clay Wyatt is a Freelance Writer who specializes in business and financial writings. He holds a BBA in Economics and has over seven years of business experience, which has fueled his passion for helping others make rational business and financial decisions.