Savings Accounts
Highest Student Savings Account Rates
The highest student savings rate on Banksparency is 5.12% APY, advertised by Windsor Federal Bank on its Student Savings Account. The 5.12% applies to balances of $1,000 or less. A larger balance earns 0.25% on the whole amount. This page tracks 28 active student savings accounts from 27 banks.
By Aviel Fahl
|Student Savings Account Rate Summary
27 banks tracked in this category.
The mean of all tracked student savings account APYs is 0.74%. The FDIC national average for savings accounts is 0.38% as of Oct 2026. The effective federal funds rate is 3.88% as of Oct 30, 2026.
Market Snapshot
Top 10 Range
0.30%–5.12% APY
Average APY
0.74% APY
The mean of all tracked student savings accounts
FDIC National Average
0.38%
savings accounts, cap 4.63% · Oct 2026
Fed funds rate
3.88%
As of Oct 30, 2026
What a higher rate is worth
A year at the FDIC national average returns about $38 in interest on a $10,000 balance. The highest student savings accounts we track advertise 0.30%–5.12% APY (top rate: $1,000 or less only).
The neighbouring rankings, if this is not the account you want:
Highest Student Savings Account Rates Right Now
Ordered by highest APY. 28 products tracked.
Windsor Federal Bank leads at 5.12% APY ($1,000 or less only) on its Student Savings Account. The tenth-ranked student savings rate is 0.30%, so the top ten span 4.82 points. The FDIC national average is 0.38%.
Windsor Federal Bank
Student Savings Account
$1,000 or less only
Grand Rapids State Bank
Education Savings
Poppy Bank
Poppy Student Savings
| Institution | Product / Term | APY | Sponsored link |
|---|---|---|---|
| Windsor Federal Bank | Student Savings Account$1,000 or less only | Up to5.12% | |
| Grand Rapids State Bank | Education Savings | 4.59% | |
| Poppy Bank | Poppy Student Savings | 3.50% | |
| Northwest Community Bank | Student Savings Club Account$1,000 or less only | Up to2.53% | |
| StonehamBank, A Co-operative Bank | Optimum Student Savings | 1.00% | |
| The Corner Stone Bank | Special Student Savings | 0.60% | |
| Kentucky Farmers Bank Corporation | Student Savings | 0.50% | |
| Home Federal Bank of Tennessee | Smart Start Student Savings | 0.40% | |
| Fidelity Bank, National Association | Student Savingsneeds at least $1,000 | 0.30% | |
| Union Bank and Trust Company | Simply Savings Student | 0.30% | |
| The First National Bank of Pandora | Student Savings | 0.25% | |
| Northrim Bank | Education Savings | 0.22% | |
| Blue Ridge Bank and Trust Co. | Student Savings | 0.20% | |
| First Northern Bank and Trust Company | Student Savingsneeds a linked account at the bank | 0.15% | |
| Hatboro Federal Savings, FA | Student Statement Savings | 0.15% | |
| United Community Bank | United Student Savingsneeds at least $2,500 | 0.15% | |
| Community Bank Delaware | Sandpiper Student Savings | 0.10% | |
| Salem Co-operative Bank | Student Savings | 0.10% | |
| The Community Bank | Student Statement Savings | 0.10% | |
| Central Bank | Student Savings Account | 0.05% | |
| Fall River Five Cents Savings Bank | Student Savings | 0.05% | |
| Forward Bank | Student Savings | 0.05% | |
| Main Street Bank Corp. | Student Savings | 0.05% | |
| The Adirondack Trust Company | Student Statement Savings | 0.05% | |
| The Fidelity Deposit and Discount Bank | Scholar Savingsneeds at least $50 | 0.05% | |
| Armed Forces Bank, National Association | Student Savings | 0.03% | |
| Reading Co-operative Bank | Student Passbook Savings | 0.01% | |
| Reading Co-operative Bank | Student Statement Savings | 0.01% |
Rates are annual percentage yields (APY). A variable rate may change after the account is opened. Fees could reduce the earnings on the account.
Student Savings Account rate questions
What is the highest student savings rate right now?
Windsor Federal Bank advertises 5.12% APY ($1,000 or less only) on its Student Savings Account, the highest of 28 active student savings accounts tracked on Banksparency.
What is the average student savings rate?
The mean of all 28 tracked student savings account APYs is 0.74%. It is a plain mean across every tracked product.
How do the top student savings rates compare with the FDIC national average?
The ten highest advertised rates run from 0.30% to 5.12% APY (top rate: $1,000 or less only), against an FDIC national average of 0.38%. The FDIC national rate cap for savings accounts is 4.63%.
When were these student savings rates last observed?
The newest reading on this page is from Tuesday, November 3, 2026. Banksparency reads each institution's advertised rate on that institution's own website, and it records the date of each reading. Some rates on this page carry an earlier date. A rate can change at any time, so confirm it with the institution before you open an account.