Carmel 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 Carmel savings account. Of course, only one financial institution in the city 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 Carmel, IN, split up by credit unions and banks. Did your financial institution make the list?

Carmel Banks with the Highest Savings Rates

• SCB BANK: 0.5%
• Hoosier Heartland State Bank: 0.35%
• Community Bank Indiana: 0.25%
• The Home National Bank of Thorntown: 0.25%
• Lafayette Savings Bank, FSB: 0.25%

Credit Unions in Carmel with the Best Savings Interest Rates

• Charles St. Community Credit Union: 1.26%
• Encompass Credit Union: 0.5%
• Indiana United Methodist Credit Union: 0.5%
• Eli Lilly Credit Union: 0.3%
• City Of Firsts Community Credit Union: 0.25%

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