Best HYSA in Oregon (2026)
HYSA APYs are set at the national level — Oregon residents get the same top options as everyone else: Pibank Savings 5.50% APY, BrioDirect 5.30%, Varo 5.00%, EverBank 5.00%, Wealthfront 4.50%. What differs is after-tax yield: Oregon's 9.90% state income tax brings combined effective tax to ~34% for middle-class filers, netting ~3.64% after all taxes.
| Gross APY | Federal only (24%) | Combined (fed + OR) | On $20,000 |
|---|---|---|---|
| 5.50% | 4.18% | 3.64% | $727/yr |
| 5.00% | 3.80% | 3.31% | $661/yr |
| 4.50% | 3.42% | 2.97% | $595/yr |
| 4.00% | 3.04% | 2.64% | $529/yr |
| 3.50% | 2.66% | 2.31% | $463/yr |
Assumes 24% federal marginal bracket (middle-class default). Adjust up for higher earners.
How Oregon ranks for savers
Oregon is among the toughest states for savers — #17 of 20 covered states, with a top rate of 9.90% on interest income. A $50,000 balance at 5.50% APY hands roughly $272 a year to the state on top of federal tax. Two practical countermeasures: hold part of the cash cushion in Treasury bills or T-bill ladders (Treasury interest is exempt from state income tax — a direct advantage for OR residents), and make sure the account you do use is at the very top of the APY table, because the state takes its cut either way.
The honest answer about "state-specific" HYSA rates
HYSA APY is set by each bank at the national level; there is no state-by-state pricing. A savings account marketed to Oregon residents will pay the same APY as one marketed in any other state. The only meaningful state-level variables are:
- State income tax on interest. Oregon taxes HYSA interest at up to 9.90% state rate.
- Local credit unions. Small statewide credit unions occasionally run promotional first-tier APYs above the national online-HYSA average. Rarely competitive above $10K.
- Branch availability. Non-issue for online HYSAs but matters if you want in-person deposits.
Full HYSA ranking (national, 2026)
For the full comparison of top HYSA rates available to Oregon residents, see our national HYSA rate landscape. For projecting how much a specific balance will earn, use our HYSA calculator.
Other Oregon finance pages
- CD calculator — locked-in-term alternative to HYSA
- Emergency fund calculator — how much to keep liquid
- APY calculator — nominal-to-effective yield conversion