Compare the Best Local Rates

Kentucky Savings Account Rates: Banks Versus Credit Unions

Both community banks and credit unions have garnered reputations as sources of excellent interest rates, which is great to know when you’re looking for the highest rate on your Kentucky savings account. Of course, only one financial institution in the state can have the very best interest rate of all, and you probably want to know where that is. Is it the nearby bank or your community credit union? You’re about to find out.

Below is a list of the best savings account rates in Kentucky, split up by credit unions and banks. Did your financial institution make the list?

Kentucky Banks with the Highest Savings Rates

  • First Federal Savings Bank of Frankfort: 1.01%
  • Commonwealth Community Bank, Inc.: 1%
  • The Peoples Bank of Bullitt County: 1%
  • Citizens First Bank - Kentucky: 0.75%
  • The Farmers Bank - Nicholasville KY: 0.5%

Credit Unions in Kentucky with the Best Savings Interest Rates

  • Shawnee Tva Employees Credit Union: 0.76%
  • W B H Employees Credit Union: 0.5%
  • Morehead Community Credit Union: 0.5%
  • Labor Management Credit Union: 0.5%
  • Kemba Louisville Credit Union: 0.5%

Please note that these rates are accurate as of 6/17/11, but are subject to change at any time.