Best Savings Accounts for January 2021
Certain savings accounts consistently offer the highest interest rates. Could you be earning more?
Savings account rates are on the move - and that makes finding a good one trickier.
Here's a tip, though:
Savings account rates can change at any time, but the banks with the best savings accounts consistently offer the highest interest rates year in and year out.
You heard that right.
Get in with one of these banks, and chasing rates becomes a thing you used to do.
MoneyRates.com makes it easy to start earning more money. We continually monitor the banking industry to identify consistency among the best savings accounts. And then we feature them here on this page.
Here's a quick list, but read on to learn how to take advantage of banking trends - even in a falling rate environment.
Which Banks Have the Best Savings Account Rates?
Savings accounts are so easy to get. What's not easy to find is a savings account rate that isn't next to nil.
If you're looking for an easy way to make more money, simply switching your savings account could make you several times more interest next year.
The MoneyRates rate-finder tool is a quick way to sort through the extensive list of savings accounts to find one that can support your financial situation and goals.
Select the type of account, deposit amount, and your credit rating. When you update the filters, the results show the top rates from our featured banks.
A second table below shows more savings account products that meet your specifications. (Rates in this table may be higher or lower than the featured-bank rates.) Click "Next Rates" below the table to see more offers.
Get more information about the banks that regularly appear on the America's Best Rates survey in the reviews below the table. These are the banks that consistently offer the best savings account rates according to our quarterly study.
Best Bank to Open a Savings Account - BankFive
During a period of serious economic headwinds, BankFive maintained the highest savings account interest rates over the entire quarter. BankFive is a small, regional bank based in Massachusetts and Rhode Island - but its eAccess Savings is an online savings account (not a branch-based account).
Funds are 100% insured
BankFive's offering doesn't stop at interest rates, though. Its real strength is that all BankFive accounts (checking, saving, money market and CDs) are 100% insured. BankFive is a member bank of both the FDIC and the Depositors Insurance Fund (DIF). So the FDIC insures deposits up to $250,000 and the DIF insures amounts beyond the FDIC limits. There is no limit to the amount of coverage above the FDIC's $250,000 limit. That's a huge perk if you have large sums of money to keep safe.
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Type of account: Online high-interest savings
About the bank: BankFive (also known as Fall River Five Cents Savings Bank) has locations in Massachusetts and Rhode Island, but also operates online. It is FDIC-insured and DIF-insured.
Key features: Simply put, consistently high interest rates and 100% protection are the best features of the BankFive eAccess Savings account.
Best High Interest Savings Account With Consistently High Savings Interest Rates in January 2021: Editorial Reviews
A high-interest rate is great - if you can count on it to stay high. These days, that's not a given - except among a group of banks that consistently offer high rates on savings accounts.
Earn Best Interest Rates
The latest survey of savings account rates showed a remarkable decline in the third quarter of 2020. Yet most bank customers can still earn much more interest on their savings just by opening an account at one of the banks with consistently high rates.
| Savings Account Rate Type | Average APY |
|---|---|
| 3rd Quarter 2020 Average | 0.19% |
| 3rd Quarter 2020 Top Rate | 0.99% |
| Average Online Rate | 0.59% |
| Average Branch-Based Rate | 0.04% |
The following select banks deserve your attention because you can earn over five times more in interest than with the average savings account. By moving your savings from an average, branch-based account like you'd find at a large, national bank to one with the top rate, you can earn 23 times more interest.
Each of the banks below rank on our America's Best Rates survey, which finds savings accounts that consistently offer the highest rates by averaging their APY over an entire quarter.
The winners are the banks that changed their interest rates the least of all in the industry, giving customers confidence that their deposits are earning the most they can day after day.
SFGI Direct
It's not a fluke that SFGI Direct places high on our list of best savings accounts. No matter how the economic tide turns, SFGI Direct manages to offer industry-leading rates. It's consistency that drives confidence - and SFGI Direct has it hands down.
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Type of account: Online high-interest savings
About the bank: SFGI Direct is the online division of Summit Community Bank, which has locations in West Virginia and Virginia. It is FDIC-insured.
Key features: Simply put, consistently high interest rates and low fees are the best features of the SFGI Direct Savings Account.
Read SFGI Direct Savings Account Review
UFB Direct
If you've got at least $10,000 to deposit, UFB Direct offers an interest rate on savings accounts that could keep you quite happy over the long haul. But until you reach that threshold, it's best to look at other options.
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Type of account: Online high-interest savings
About the bank: UFB Direct is a division of Axos Bank, which was founded in 2000 and is located in San Diego, California. It is FDIC-insured.
Key features: Even though rates have dropped significantly, the UFB Direct Savings Account offered the highest APY in the America's Best Rates survey over the entire quarter. It offers the convenience of online banking, including access anywhere you can go online and 24/7 service.
Read UFB Direct Savings Account Review
Ally Savings Account
With online availability and no minimum to open an account, the Ally Online Savings account gives consumers around the country access to a top-10 America's Best Rates savings account.
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Type of account: Online high-yield savings
About the bank: Ally Bank operates out of Sandy, UT and has one physical location. It was established in 2004 and is FDIC-insured.
Key features: The highly competitive interest rate applies to all balances, and it has mobile deposit and other ways to manage your account efficiently online. Ally also offers money market accounts, CDs of varying lengths, and even an interest-bearing checking account.
Read Ally Online Savings Account Review
American Express High Yield Savings Account
Most people know American Express® for their personal and business credit cards, but they also have the American Express High Yield Savings Account which offers savers a solid return.
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Type of account: Online high-yield savings
About the bank: American Express National Bank (Member FDIC) was established in 1989 and has one domestic branch at its headquarters in Sandy, UT.
Key features: The American Express High Yield Savings Account helps savers with a high interest rate, no fees, and it can be linked to up to three external accounts to facilitate transfers in and out of your savings.
Read American Express High Yield Savings Account Review
Marcus Goldman Sachs
Goldman Sachs Bank USA offers the Marcus High-Yield Savings Account, which is consistently among the best of the online savings account offerings.
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Type of account: Online high-yield savings
About the bank: Goldman Sachs Bank USA was established in 1990. The FDIC shows six branches for the bank, but only three are full-service, brick-and-mortar branches.
Key features: The Marcus High-Yield Savings Account features a competitive interest rate, no fees, and it's easy to open and manage your account. Electronic funds transfer and direct deposit are available too.
Read Marcus High-Yield Savings Account Review
Synchrony High Yield Savings
Synchrony Bank USA offers another option for savers with its competitive interest rates. The Synchrony High-Yield Savings Account also keeps fees low, even refunding up to $5 in domestic ATM fees every month.
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Type of account: Online high-yield savings
About the bank: Synchrony Bank is based out of Draper, UT and has one full-service, brick-and-mortar branch there. It was established in 1988.
Key features: The Synchrony High-Yield Savings Account offers all of the common best features of those listed here - a competitive interest rate, no fees, and it's easy to open and manage your account. One feature that isn't common among these banks is you can get an ATM card that charges no fees (unless its from the owner of the ATM machine). But even then, Synchrony refunds up to $5 in ATM fees every statement cycle for eligible Synchrony savers.
Read Synchrony High-Yield Savings Account Review
Capital One 360 Performance Savings
The Capital One 360 Performance Savings account is not only offered online, but also at branches all over the nation. So the fact that its interest rate is consistently among the highest in the industry is rather unusual. It's easy to open an account and start saving, plus there are no fees to worry about.
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Type of account: Online high-interest savings
About the bank: Capital One Bank is based in McLean, VA, and was established in 1933.
Key features: The best features of the Capital One 360 Performance Savings account are the high interest rate, the fact that there are no fees, and it also has branches across the country.
Read Capital One 360 Performance Savings Review
Barclays Savings Account
Barclays Bank is another large bank that keeps its interest rate for online savings accounts in the competitive range. It offers the Barclays Online Savings Account, which maintains a low fee structure in addition to its higher interest rates.
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Type of account: Online high-yield savings
About the bank: Barclays Bank is headquartered in Wilmington, DE, with roots back to London that go back more than 300 years. It was established in 2001 in the U.S.
Key features: The Barclays Online Savings Account consistently offers one of the most competitive rates combined with no fees, and it's also easy to open and manage your account. Adding to your savings account is easy to do with online mobile apps and mobile deposit.
Read Barclays Online Savings Account Review
How We Picked
At any single point in time, it's fairly easy to identify the savings account with the highest interest rate. After all, MoneyRates regularly updates a large list of savings account rates.
The problem is that savings account rates can also change at any time. Thus, there is no guarantee that the bank with the best rate on the day you sign up for a bank account will continue to have the best rate in the months ahead.
However, what a series of rate studies by MoneyRates has shown over the years is that most of the banks that are near the top in savings account rates tend to stay there quarter after quarter, year after year. Sure, some newcomers enter the scene and occasionally one of the leaders drops back, but most of the strong performers continue to offer competitive rates consistently.
For this reason, MoneyRates.com continuously monitors rates from hundreds of banks, and tracks banking trends by measuring rates in a representative cross-section of the banking industry through its America's Best Rates survey. This cross-section includes 50 of the largest deposit institutions in the United States and represents nearly three-quarters of all deposits in U.S. banks.
The best savings accounts with consistently high rates are chosen from the top ten banks in the America's Best Rates survey every quarter.
Taking Advantage of Savings Account Trends
Despite clear economic headwinds, there is a potential way for smart consumers to improve miniscule interest earnings on their savings balances now.
A clear trend that the America's Best Rates survey has identified is a large gap between the average savings account rate and the rates offered by the most competitive banks. That gap varies, but it has been as much as 1% in recent months.
Why is that important?
This wide gap between the best rate and the average means there is plenty of room for most savings account customers to improve their interest rate, since most savers earn something closer to the average than to the top rate.
If you're among those whose savings earn next to nothing, this means you could actually raise your rate while most people earn less and less. And all you have to do is find one of the higher-yielding savings accounts and transfer your funds. It's one of the simplest ways you can make more money this year.
The online-banking trend pays
You can take advantage of another savings account trend by switching from a traditional bank to an online bank.
A good place to find one of the highest earning savings accounts is in online accounts. Throughout the entire history of the America's Best Rates study, online savings accounts have earned more than traditional, branch-based accounts. As of the most recent study online accounts were earning 17 times more than branch-based accounts.
Consistency is the trend that counts
While savings account rates change all the time, the list of banks with the highest rates stays remarkably consistent. This consistency means that shopping for rates does not mean you have to change banks constantly. If you switch to one of the higher-yielding savings accounts, chances are you'll be near the top for some time to come.
What to Consider Before Opening a Savings Account
You might find accounts with attractive yields through either online savings accounts or your local bank branch. Naturally, the idea of a high-interest savings account sounds good, but here are four things you should check on before you open one:
Legitimacy of the financial institution
Is your bank or credit union well-established and does it have a great reputation for customer service?
Extent of FDIC insurance coverage
Make sure the institution is covered; and if you qualify for a high-yield savings account because you are making a very large deposit, ensure it does not put you over the FDIC insurance limit, which is currently $250,000 per depositor, per institution.
Any restrictions on your access to the money
A high-interest savings account may limit how often you can access your money. If you can live with those limitations, take advantage of that strong yield. But if not, look for a savings account that offers looser restrictions.
Should you get an ATM card?
Some accounts also offer the option for an ATM card, including online savings accounts. This may sound like a nice perk; but before you opt for one, ask a couple of questions:
- Would easier access result in more spending?
If this account is for savings, is having easier access to your money going to hurt your savings habits?
Are you sacrificing a higher interest rate for the ATM card?
If so, you might be better off with a conventional checking account for your short-term funds, while finding a high interest savings account or money market account for your long-term savings.
Frequently Asked Questions
A savings account is money on deposit that earns interest. Savings accounts may be offered by banks or credit unions. Savings accounts are not designed for frequent transactions like bill payments, but represent a way to keep your money safely earning interest and available when you need it.
While you may use a checking account for paying regular expenses, a savings account is a good place to start accumulating money for future needs.
The advantage of having a savings account is that they typically earn more interest than checking accounts. Also, when you are trying to save money, it can help to have your savings kept separate from an account you are accessing regularly for living expenses.
Savings accounts are guaranteed by an insurance fund operated by the Federal Deposit Insurance Corporation (FDIC), an agency of the U.S. government. Credit unions are also federally insured by the National Credit Union Administration (NCUA), not by the FDIC.
In each case, the insurance limit for each depositor at a given bank is $250,000 for individual accounts and $500,000 for joint accounts. You can increase your deposit insurance coverage above these amounts by having money on deposit at multiple banks.
You can take money out of a savings account at any time, but you are limited to six withdrawals per month.
A savings account is a good place to set aside money for needs you expect to arise within the next year or so, such as buying a car or making a down payment on a house. For long-term needs, you may want to consider a long-term CD because they typically offer more interest. For very long-term goals like saving for retirement, an investment account may be more appropriate because the opportunity for investment growth gives you a better chance of staying ahead of inflation.
Because you can access money in a savings account at any time, they are also a good place to put an emergency fund. An emergency fund is money you have set aside for unexpected needs.
Money market accounts have many of the same features as savings accounts, so it is a good idea to compare interest rates between savings and money market accounts to see which offers the highest rates. Another alternative is a CD, which could pay higher interest if you are confident you won't need to access your money for a specific period of time.
United Bank is offering 1.25% APY on money markets.
I have been with Ridgewood Savings Bank for 5 years .The customer service in this bank has exceeded my expectations. Manager helped me get organized in a way that has helped me grow my business. I recommend that any young entrepreneur or start up to get signed up with their business banking services as it can be difficult for an artist/creative person to get organized. I also have an account here and I am very satisfied with this bank. Incidentally, if you are searching information aboutRidgewood Savings Bank you can find it here http://www.usbankinginfo.com/bank/ridgewood-savings-bank/
Hey, RICH NG,How about telling us where BECU is, because the BECU in Washington State is almost as low in their rates as the CU's in SC, under half a percent.
Don't see credit unions either... Maybe not considered banks? BECU offers 2% interest for their premium no fee checking...
I do not see Wells-Fargo in the 148 pages of banks listed. Did I miss it?
Clayton Bank and Trust is offering a new Prime-Based Money Market Account with no minimum balance to open the account or earn the APY, which is currently 0.75%. The rate is WSJ Prime minus 2.5, so you won't need to rate shop when prime moves. There are also no fees or complicated requirements.
MySavingsDirect.com has 1.00% with no minimum and no fees!
FSG Bank in East Tennessee has a great rate of .75% on $10,000 I was looking for somewhere to park some liquid cash for awhile and they were great and easy to deal with.
I was looking around for a higher interest savings account so i had been purusing sites looking for the best deal. I ultimately found mine beause my mother in law saw an ad in the korean newspaper. I opened my account today at First Choice Bank, my experience was pleasant nothing negative to report, its their high yield savings account, minimum: $10000, 1.00%, this rate will not change for a year, and you have to open the account by 11/30/2013, I think you have to go into the branch to open though which was fine with me since I happen to live closeby to one of their branches. I think their website has a list of all their locations (www.firstchoicebankca.com). They are only in southern california so if you live nearby its pretty convienient.
We opened a M.M. account with Amtrust Direct which pays 1.05%. Take it from me its not worth the difference between other internet banks. We sent the application in 7-11-13 and today its 8-23-13 and all issues have not been addressed. Its been a absolute nightmare dealing with a staff that doesn't know whats going on. The time ive been on the phone with the bank has been a total WASTE. Richard Rosenberg
Barclays has now dropped to .90% and didn't notify me of the rate change. Salem Five is a mess. They offered a great rate, and I set up an account only to be informed after the whole process that the rate was for new money only.
I'm a big fan of Barclays as I have been with them since June, 2012 and their interest rate has remained 1% the whole time.
Salem Five is offering 1.25%, but setting up an account with them is very tedious and we just learned they have very low limits for making deposits and withdrawals on line. First deposit has to be by mailed check. We set up an account and ended up closing it after having to repeatedly call them for clarification of their policies and procedures. Opened an account with CITbank(1.00%) that went very smoothly. Much better experience.
TIAA Direct's savings account APY went down to 1.00% for all balance amounts.
Hi Doug, My apologies for the oversight and not responding to your earlier email. Barclays is included in our list. Take a look at our Best Savings Accounts page http://www.money-rates.com/savings.htm. Barclays Online Savings Account is currently listed on the fifth page of our financial institutions list. According to Barclays website they have over 300 years of banking history and currently have banking operations in over 50 countries including the U.S. Barclays Bank Delaware is FDIC insured. Thank you for contacting us!
I am checking rates and also comments on institutions. I note that none of the comments posted here are past September 2012. It is now January 14 - are there any more current comments?
Salem Bank 1.25%
Be sure to check credit union accounts. I make my living through a Fortune 500 company that has their own credit union available for us. The regular savings account that I have with them has been earning around 2.4% APY for the past 2 or 3 years. It also has very easy and favorable terms for the everyday common man. Be sure to look into this sort of thing at your workplace if you work for a large company.
I will ask it again: What is the reason that Barclays is not included on your list?
UFB Direct now at the great low rate of .80. I moved money from American Express back in July to UFB when they were at 1.30. Now American Express is higher.
Careful with Sallie Mae. They may have a good rate now and then but they can actually "set off" money from any SM account you have if you owe money on student loans from them(which most students are not aware of); banks are not legally required to inform you if they take your money from an account you have with them, only after they have already done so. Technically, if you have a loan from them, you owe them money, but if you have priority payments e.g., rent, utilities, insurance, etc., this can be a pain in the ass. If you have an unpaid loan from Sallie Mae, DO NOT bank with them! Simple rule: "Don't bank where you've got debts."
Don't forget Sallie Mae Bank. Paying 1.05% on savings as of 10/02/12
American Express lowered the interest rate after I opened my account and has never paid the advertised rate again. Currently they are advertising .90%. My last statement dated September 1 paid .87%. Shopping now for better rates.
I have a pre-paid credit card with a savings account option paying 5% APR. Is that good?
Why isn't Barclays listed? They have been paying 1% for some time now.
Hi Tim, Thank you for letting us know that UFB Direct has lowered their MMA rate to 1.10% APY. Deposits for UFB Direct are FDIC insured through BofI Federal Bank. Thanks again!
Looks like UFB Direct has lowered their MMA rate to 1.10% APY now.
ufbdirect.com currently offering FDIC insured MMA @ $1.30% APY
Hannah: Thanks for your comment. Regulation D applies only to certain types of electronic and telephone transactions. Unless otherwise prohibited by the bank, customers should be able to make as many withdrawals as they like from their savings account via in-person transactions such as branch and ATM withdrawals. But to avoid any confusion, I've amended the article slightly to reflect this distinction. You can also find more specifics on Regulation D as it pertains to savings accounts on page 3 of this document from the Federal Reserve: http://www.federalreserve.gov/boarddocs/supmanual/cch/int_depos.pdf Thanks again, Maria
It appears that TIAA Direct is currently not taking on any new accounts.
Hi Julie - isn't it a bit misleading to say "There are no limits to the frequency or amount of money you can remove from typical savings accounts."? Regulation D limits the number of withdrawals made per calendar month from US savings accounts to 6. Many customers are confused by this, and it might be helpful to make a note of this in your otherwise excellent overview.
I am currently earning 2.01% on my checking account at Cardinal Bank. They have 27 locatons in VA, DC and MD. There are some stipulations, but who doesn't have them? I could not be happier. Great people to work with and a great rate on balances up to $100K.
I recently spoke with a capital one banker, they have a checking account that offers 1% for the first year provided that you have a minimum balance of 5k. I think I'm going to open one.
Hi Jim,Thanks for the tip about TIAA Direct which is a division of TIAA-CREF Trust Co, FSB, Member FDIC. We added their products to our rate list. And currently the products are available nationwide. If anyone has any experience with TIAA Direct please submit a comment, we would appreciate hearing about your experience. Thanks!
Hi Elvis,We often respond directly to the individual who contacts us, however point well taken and we will do our best to respond in our comment section. Thanks for the valuable feedback!
What a great comparison of savings account rates!! Had to share this. It's important everyone knows the value of shopping around even when it comes to your bank accounts. Every penny counts these days, why not keep more of your money in your own pocket!
Can the focals at Moneyrate verify the top rates suggested by the readers AND give stability information on the bank??????Summary: cardinal - 2.1% upto $100,000 FDIC insured Washington Saving Bank - 1.5%, Massachusettes ONLY ING Direct - 0.9% Electric Orange checking Acct Provident Credit Union(CA) - 2.06% Super Rewards Checking upto $25,000
tiaadirect.com 1.25 % mma
I see Washington Savings Bank has a 1.50% rate. Can anyone tell me where this bank is located and its contact information.Thanks.
Is AmTrust really capped at $100,000? Their customer service says they pay 1.15% from 5K through 250K. Please call them and verify.
consumers credit union @ 4 % rewards checking as / of 01 / 21 / 2012
I received this message from Smarty Pig on December 2:Effective Friday, December 9, 2011, the interest rate paid on SmartyPig savings accounts will be adjusted. The interest rate earned on balances* $0.00 - $50,000.00 will be 0.698% (0.70% APY). The interest rate earned on balances* above $50,000.00 will be 0.499% (0.50% APY). *Balances: For purposes of calculating balances for determination of the rate tier that applies, total balances of all goals within your SmartyPig profile will be aggregated.
Discover (the credit card company) has an interest rate of 1.00%, minimum to open is $500, no minimum to earn interest or avoid fees, and is accessed via ACH transfers. I might go with this one because I already have a credit card through them and love them. Their transfers always clear by the same business day.
ING rates have dropped again. They are now at .79
A Credit Union in California ... check out Provident CU which offers approx 2.06% on it's Super Reward Checking a/c - look in 'search function.
Linda Thanks for the tip. Just what I was looking for. As a side note, I could not find the special program on their website, but when I chatted with representative and inquired about the special 4 month promotion I was given a link. Thanks again.
FlagStar Bank offers an on-line savings account interest rate of 1.25% APR guaranteed for 4 months
I agree with Susan about Capital One in that Interest rate keeps going down for Interest Plus Online Savings. Was 1% on 9/9 and 0.95% on 9/30 and 0.85% on 10/8. The HIgh Yield Money Market is now down to 0.65%. I am beginning to look elsewhere although no matter whom you go with, your initial "too good to be true" rate will quickly drift. The truth is the banks do not want us to store our cash with them,.All of this depends on how much time and aggravation one is willing to settle for in constantly changing banks.
WSFS in Wilmington,De. has a 90 day promotion of 1.24 percent interest
Capital One slashed its interest rates on September 21, 2011. Its APY on money market accounts plunged to 0.65%. Its APY on Interest Plus Savings Accounts plummeted to 0.85%.
I found a 43 year old federal government employees credit union in Panama offering 4% on regular savings accounts in US dollars. It is called COACECSS, they are the Social Security Employees credit union (over 15,000 members), and they generally do not open accounts for foreigners (non Panamanians), but through this law firm POLS (www.pos-inc.com) I got an introduction and they helped me setup an account.
CapitalOne has not failed me. I keep coming here hoping to find something better, but other banks have high minimum balances, require additional accounts, rates that drop off quickly, etc. CapitalOne only requires $1,000 and you earn one of the most competitive rates at any given time. They are always right near the top. That's why I have been with them for 3 years and haven't switched to anyone else.
Capital One has 1.10% APY for InterestPlus Online Savings Account, $1000 min, no fees plus 10% quarterly bonus on interest
First Choice Bank, tiered MMK $2500-$99,999, APY 0.90%; $100,000-$499,999, APY: 1.00%
Cinco Credit Union or Kemba Credit Union 3.75% for a checking account, much better rate than these savings accounts listed!
Everyone would like the best savings interest rates. Why not cover off-shore banks?I understand you can get 6% - 8% interest in India or other countries. Perhaps even China offered 5% recently since it's key lending rate went up to slow down it's economy.Seriously, we all know about off-shoring. There are just some tricks to get an account or international and legal access (US Laws and Regulations some what interefer).
Hudson City Savings Bank, NJ...1.05%
Capital One is paying 1.14% to Costco members in a savings account.
Money market insured 6/11 bayside NY branch only, 25 k min 1.75% fixed til 12/31/11. six withdrawals per month permitted
you can get 4%/year at communication federal credit union up to 30,000.00 rules are 1.bill paid by draft,2.debit card used 12 times a month,3. 500.00 sent to credit union once a month.phone number for the branch i go to is (918) 665-3760 i forgot to say that the 500.00 has to be sent to the credit union by electronic means.anything over 30000.00 only gets 1%/year.the branch i go to is in tulsa but i believe they have other locations across oklahoma and also in kansas and missouri
SmartyPig is going down to 1.09% from June 15
Smarty pig is about to reduce their APY to 1.10% as of June 15th 2011
SAC Federal Credit Union in Sarpy and Douglas County, Nebraska offers 3.00% interest to shareholders owning a checking account with a debit/credit card and making at least 12 debit/credit transactions a month. The 3% APY is paid monthly for checking account balances up to $25,000. I believe only residents of the 2 counties qualify for membership.
Oops, Treasure State Banks Money Market account yields 1.95% APY
Treasure State Bank, Missoula, MT Terms: $1000 Min., 6 free withdrawals per month Opened Jan 2011 Can be opened by phone, mail, or in bank
The Palladian Private Bank has not offered online deposits for some time. Their name should be removed from this list.
Discover bank rates are also good.
what is the current rate of interest for a 1 year, 1 1/2 year, and 2 year cd at US Bank
Presidential Bank has dropped their savings rate from .63 to .50. Second drop this month. Chg acct rates also dropped again from .50 to .38
salliemae has reduced to 1.10% smartypig seems to be the best bet right now
Hello - the 1.75% rate listed for the AmericaNet Bank MMA acount is no longer available. When you go to their website and click on the MMA account it is showing "Sorry Sold Out" and has shown that for awhile.Thanks for the great website!-Tim
Sallie Mae Bank Online, APY 1.25% Savings Account (variable) opened November 2010, minimum to apply $0
Many thanks for sharing this helpful information here.
Leonor: Re NetSpend debit card. You do receive 5% up to a maximum of $10,200, but it will cost you more than that to ever get the money out of the account. That is the trick. My advice: AVOID.
Would anyone recommend Customers Bank in PA for the MMA????Thanks.
I have a netspend visa debit card that offers a savings account plan that pays 5.00% APY, How is this bank able to offer a higher return than the more recognized banks? Or am I reading the numbers wrong?
CapitalOne Bank is offering 1.25% interest on Direct Banking Savings accounts. This is an increase from 1.01%. No checking link is required and may be opened with $1.00. A 10% bonus on earned interest is offered if your balance remains above $10,000.00 for the previous three months, and is deposited to your account for the next quarter. In an age where interest rates are extremely low, I find CapitalOne to be consistantly above the rest of its competitors.
I am looking for the best savings rates for those with Trust Accounts (living trust). Many of the online savings institutions with FDIC insurance so not authorize trust account applications. Is there a listing of which ones will take trust accounts? Can you add information to your rate listings indicating if they take trust accounts? TUVM
smartypig dropped to 1.35% today
Soopers Credit Union in Denver Colorado has a Rewards checking account which yields 3.75% APY. The three stipulations are 1. you must have one direct deposit account set up, 2. you must sign up for e-statements, 3. you must use your check card 15 times per month. I think the hard part will be to keep an invisible line between what is to be saved and what is available for spending with keeping your savings in a checking account. But I'm trying at that rate.
American Express Bank has a savings account that is simple yet high yielding (currently 1.3%). No minimum balance required. No fees. They do not require you to open a checking account, mortgage, car loan nor direct deposit. Literally no strings attached. It's ideal for out-of-state use because of the internet. You will need a checking account at whatever bank or credit union that is most convenient for you (probably a credit union because most don't charge to maintain a checking account). You then transfer funds to and from this account as needed via the internet (very easy, convenient and fast). Six (6) withdrawals per month are allowed (this is the same for every savings and money market account in the country mandated by the Federal Government). Then just pay your bills or financial dealings using this checking account which allows unlimited transactions and addition benifits such as free Bill Pay. This is the best deal I could find and even competes very favorably with certificates of deposit without tieing up your funds. CHECK IT OUT
from FirstMerit bank on Orchard ave, they have a savings acct at 1.25% the min. bal required to open is 1.00 for real 1.00 call them 630.907.4500 they are so nice they are 2430 w Indian trail rd in aurora IL
Wachovia offers the way 2 save account. 3% for 1 year, you can put up to $100 a month in the account and you can put additional money in the account every time you buy something with your debit/check card.
Capital One is saying that they will give me 1.3%APY for an online savings account - plus a bonus for depositing. Sounds pretty good to me - am I missing something?
ing direct's orange savings account has 1.10% APY with no minumum to open.
Hello,There is a bank that has a new money market rate of 2.1 % for deposits under $10,000.00. My Bank First UnitedWalt
Evantage Bank's Rewards Checking has been giving me 4.0% for over a year now.... the "catch" is that I need to make 10 checkcard transactions per month (though there is no minimum transaction size, and I can make the transactions over the internet).
Huntington Bank is currently paying 1.51%.
High-Yield Savings Account by Sallie Mae is giving 1.40% interest, which is higher than all the other banks shown here.
SSallie Mae BankHigh-Yield Savings Account by SallieMae Current Rate 1.40 % No minimums No monthly feesSallie Mae Bank at this web address:https://banking.salliemae.com/login.do?_flowExecutionKey=_cF277682F-81DE-3A65-F33C-C8B2FE1D2B48_kA48AE3A9-7840-B5C5-C827-2B9ACB627A17
security bank offers 1.51% on rewards checking w/10 debits and free atm fees
ing direct (https://secure.ingdirect.com) has 1.1% savings and an electronic internet only checking account that is very convenient
CNBBankDirect is offering 1.25 APY with only a $1 opening minimum balance to earn that rate.
Dollar Bank of Pittsburgh and local branches in Cleveland, OH offer 2.50% for free money savings.
Provident Community Savings Bank, 2700 Celanese Road, in Rock Hill, South Carolina offers their Dream Checking account at an over 4% monthly interest rate with balances up to $30,000, There are a few stipulations, like making so many ATM purchases, having one direct deposit and using electronic banking, but this is easy to manage. You can also link a Dream Savings account to this for a 2% rate on savings. Best one I've found so far in this crummy economy! You do have to apply in person, though, so living near the area is a bit of a must.
Charter Bank in GA and AL offer 5.01%APY on checking no min dep. Required: 1 ACH Debit/Deposit, 10 MC Debit Purch, eStatement,. Also refund ATM fees. Think goos thru Sept.
Elsie, can you provide more details regarding this 2% from 5th 3rd. My banker is telling me the highest offered is 1.6%.
Fifth Third Bank is paying 2% APY on a savings, min $5000
Check out Grand Bank in NJ. Offering 3.20% money market with $50,000 deposit.
i would like to compare and see which bank in brooklyn has the highest rate on interest
best money market rates
Through Costco online if you are a member there is a 1.75% through Capital One and an incentive for $60 and $40 depending on what membership you hold.
Freedom Bank (branches in Vienna and Fairfax) has 14-month CD yielding 2.00% APY, minimum $2500, rate current as of 8/18/2009.
First National Bank in Oneida, Tn is offering 3.56% on a money market
Shore Bank Direct Rates as of Aug. 25th Savings Rate 2.15%This bank makes it very easy to sign up online just completed opening my account.
SmartyPig's rate just went down to 2.01%.
Smartypig is lowering their interest rate on its online savings account from 2.75 to 2.01 on August 17th. That's quite a drop, but I guess we all knew they couldn't keep paying more then 1 point interest then their closest competitors.
Please take a look at the 2 yr CD rates on this page: http://www.money-rates.com/cdrates.htm
I opened saving account online with (Bank of Internet) that I funded with local checking account (100.00) min. to find out that new account is not linked for online transfers. What good is a Bank of Internet account if you have to use snail mail to transfer funds! Beware there is also a $25.00 fee if you withdraw funds before 90 days.
Please provide me with the best savings or less than 2 year cd rate. Thanks.
Need to know checking account intrest and MMA account rate
I opened a MMA and Savings account @ Discover Bank from their online signup. Then registered to be able to access the accounts and was provided a screen that said it would be 2-3 business days before I would be provided an e-mail with the access info. I called their support number and was told they had to manually process every application and they were several days behind and there was nothing they could do. Advice... if you open an account with Discover Bank make SURE you only fund the minimum amount to open the account and expect it to take a while to really have the account setup.
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Try CapitalOne online savings 1.75% 10K min, or MM 1.40% any amount. I opened last year and yes I observe everybody is lowering rates lately. Still better than local banks offering less than 0.5% for savings. Aloha :D
Could not get a straight answer from SMARTY PIG on POD for account. Had to call their bank in the Mdwest directly and they informed me no PODs are allowed on SMARTY PIG CDs because they are not considered regular CD's but transaction accounts instead.
How come Darby Direct can restrict it's higher-interest rate (2.5 %) "available to Georgia residents only? Isn't that inconsistent with Article IV, Section 2 of the Constitution?Section 2 - State citizens, ExtraditionThe Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.
Timberland Savings Bank offers a rate of 4% on a balance of up to 25,000 dollars. The minimum to earn this apy is one dollar. The terms required e-statements instead of paper statements, and you must use your debit card at least ten times every month. They have 22 branches in Southwest Washington State.
wher,e,s my highest rate bank.
Just found out that you can't withdraw from a Smartypig.com account unless you close it. Not good.
I would like to know who has the best interst rate on Money market accounts in my area. Sun Trust drop from 2% to .92% and continuing to drop. If anyone has good infromation I would love to hear from you.Thank you, Donna
Give us the 10 highest rates avialiable now?????? Leo Marks`
Please advise of the best money market rates in the local banks.
3.51% on firsst $25000 in checking then 1.01% after. Requires electronic banking w/ 10 debit card purchases and once/month check account on line w/ online statements. Website www.farmersstatebankmn.com
amtrustdirect.com still has 2% on their Premium e-MMA
SmartyPig has an online savings account program that pays 2.75% with FDIC coverage
LOOKING FOR A SAFE PLACE TO INVEST $50,000.
Need Best Interest Rate for Moneymarket Account for a Closing Trust Account $500,000 to $1,000,000 ave bal app.