Highest Savings Account Rate in Indianapolis Found at Teachers Credit Union

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.

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

InstitutionSavings Account   Rate
Teachers Credit UnionRegular Savings

0.20% APY

Marine BankBonus Savings

0.15% APY

Merchants Bank of IndianaRegular Savings

0.15% APY

Centra Credit UnionShare Savings

0.12% APY

Forum Credit UnionRegular Share

0.10% APY

Indiana Members Credit UnionSavings

0.10% APY

Fifth Third BankGoal Setter Savings

0.05% APY

National Bank of IndianapolisCircle Savings

0.05% APY

Old National BankBasic Savings

0.05% APY

Farmers BankRegular 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.