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Best Savings Rates | Get the Highest Savings Rates by Comparing Rates Below
 

Savings Rates | Find the Best Savings Rates Today

Best Savings Rates

| Get the Highest Savings Rates Below
Compare the highest savings account rates by using our savings account rates and money market rates list below. We maintain a list of the best savings account rates from local banks and national banks to make your search for the highest rates easier. There is no need to look anywhere else for current interest rates from many different banks.
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APY
Rate
Min. Deposit
Comments
FNBO Direct

  (4 out of 5)
Savings
0.950%
02/03/2016
0.950%
$1.00
Cashback savings where you shop with MyDeals on your check card 
Mutual of Omaha Bank

  (4 out of 5)
MMA
0.850%
02/03/2016
0.850%
$1,000.00
Easy to open, easy to fund, easy to manage. Open an account now. 
Silvergate Bank

  (4 out of 5)
MMA
1.110%
02/03/2016
1.100%
$1,000.00
 
Northeast Bank

  (4 out of 5)
MMA
1.100%
02/03/2016
1.090%
$5,000.00
 
iGObanking.com

  (3 out of 5)
MMA
1.100%
02/03/2016
1.090%
$25,000.00
12 month CD 1.25% APY*,FDIC insured, open online or by mail. 
GE Capital Bank

  (4 out of 5)
Savings
1.050%
02/03/2016
1.040%
$0.00
No transaction fees. FDIC Insured. Open in ten minutes or less. 
Synchrony Bank

  (5 out of 5)
Savings
1.050%
02/03/2016
1.040%
$0.00
Great Rates + Safety = Peace of Mind 
CIT Bank

  (5 out of 5)
Savings
1.000%
02/03/2016
0.990%
$100.00
Premium savings. Maximum returns. Member FDIC. 
My Savings Direct

  (4 out of 5)
Savings
1.000%
02/03/2016
1.000%
$1.00
No Fees! No Minimums! 
ableBanking, a division of Northeast Bank

  (4 out of 5)
MMA
1.000%
02/03/2016
1.000%
$250.00
$25 New Customer Gift to give to charity (501c3). FDIC insured. 
iGObanking.com

  (3 out of 5)
Savings
1.000%
02/03/2016
1.000%
$1.00
12 month CD 1.25% APY*,FDIC insured, open online or by mail. 
Discover Bank

  (5 out of 5)
Savings
0.950%
02/03/2016
0.950%
$500.00
Grow your savings faster with a rate 5x the National Savings Avg* 
Colorado Federal Savings Bank

  (3 out of 5)
Savings
0.850%
02/03/2016
0.850%
$2,500.00
 
Synchrony Bank

  (5 out of 5)
MMA
0.850%
02/03/2016
0.850%
$0.00
Great Rates + Safety = Peace of Mind 
MyCBB

  (2 out of 5)
MMA
0.830%
02/03/2016
0.830%
$100.00
Apply Online Now! 
Discover Bank

  (5 out of 5)
MMA
0.800%
02/03/2016
0.800%
$2,500.00
Easy cash access and always great rates. Open an account today! 
EH National Bank

  (2 out of 5)
MMA
0.800%
02/03/2016
0.800%
$1,000.00
 
First Internet Bank of Indiana

  (4 out of 5)
MMA
0.800%
02/03/2016
0.800%
$100.00
 
Capital One 360

  (5 out of 5)
Savings
0.750%
02/03/2016
0.750%
$0.00
 
VirtualBank

  (4 out of 5)
MMA
0.650%
02/03/2016
0.650%
$100.00
FDIC Insured 
First Internet Bank of Indiana

  (4 out of 5)
Savings
0.600%
02/03/2016
0.600%
$100.00
 
Lone Star Bank

  (3 out of 5)
MMA
0.600%
02/03/2016
0.600%
$2,500.00
 
EH National Bank

  (2 out of 5)
Savings
0.550%
02/03/2016
0.550%
$1,000.00
 
AloStar Bank of Commerce

  (5 out of 5)
Savings
0.500%
02/03/2016
0.500%
$50.00
 
AloStar Bank of Commerce

  (5 out of 5)
MMA
0.500%
02/03/2016
0.500%
$1,000.00
 
Lone Star Bank

  (3 out of 5)
Savings
0.500%
02/03/2016
0.500%
$200.00
 
giantbank.com

  (4 out of 5)
MMA
0.450%
02/03/2016
0.450%
$1,000.00
 
Goldwater Bank

  (3 out of 5)
MMA
0.260%
02/03/2016
0.260%
$1,000.00
 
Heritage Bank

  (4 out of 5)
Savings
0.250%
02/03/2016
0.250%
$1,000.00
 
5 Star Bank

  (4 out of 5)
Savings
0.200%
02/03/2016
0.200%
$100.00
 
Third Federal Savings and Loan

  (4 out of 5)
Savings
0.200%
02/03/2016
0.200%
$25,000.00
 
NewDominion Bank

  (2 out of 5)
MMA
0.150%
02/03/2016
0.150%
$500.00
Achieve Rapid Growth Results w/Our Rates! Open Online-Member FDIC 
5 Star Bank

  (4 out of 5)
MMA
0.100%
02/03/2016
0.100%
$1,000.00
 
Astoria Bank

  (3 out of 5)
Savings
0.050%
02/03/2016
0.050%
$500.00
 
Astoria Bank

  (3 out of 5)
MMA
0.050%
02/03/2016
0.050%
$2,500.00
 
Citizens Trust Bank

  (3 out of 5)
MMA
0.050%
02/03/2016
0.050%
$100.00
 
Citizens Trust Bank

  (3 out of 5)
Savings
0.050%
02/03/2016
0.050%
$1,000.00
 
USAA

  (5 out of 5)
Savings
0.050%
02/03/2016
0.050%
$25.00
 
USAA

  (5 out of 5)
MMA
0.050%
02/03/2016
0.050%
$10,000.00
 
State Farm Bank

  (4 out of 5)
MMA
0.300%
02/02/2016
0.300%
$1,000.00
 
Applied Bank

  (5 out of 5)
Savings
0.100%
02/02/2016
0.100%
$100.00
 
State Farm Bank

  (4 out of 5)
Savings
0.100%
02/02/2016
0.100%
$100.00
 
Applied Bank

  (5 out of 5)
MMA
0.020%
02/02/2016
0.020%
$500.00
 

Data Provided by Bankrate.com Rates were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Bankrate.com National APY Average and Bankrate.com Site APY Average are only available for MMA products in any denomination exclusively. For Savings products, neither national nor Bankrate APY averages are tabulated. For MMA & Savings products in any denomination, the presented Bankrate.com National APY Average and Bankrate.com Site APY Average are averages of the MMA products only, and are not inclusive of Savings products APY rates.

These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site, where you can find additional information. Bank and thift deposits are insured by the Federal Deposit Insurance Corp. Credit Union deposits are insured by the National Credit Union Administration. Many institutions have different rates on their own Websites than those posted on Bankrate.com. Please identify yourself as a Bankrate consumer to lenders to ensure you get the Bankrate.com rate. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please let us know.

Bankrate.com's Safe & Sound® service provides ratings information on the relative financial strength and stability of U.S. commercial banks, savings institutions and credit unions. Five stars is superior, one star is lowest rated. For more information click here.



The highest money market account rate on our rate list this week is from EverBank at 1.11 percent APY. EverBank’s rate is a promotional rate, that has a bonus rate of 1.60 percent for the first six months and an ongoing rate of 0.61 percent. These two rates give the combined first year APY of 1.11 percent.

The highest savings account rates this week are at 1.04 percent with a yield of 1.05 percent. Two banks, Synchrony Bank and GE Capital Bank are currently offering the highest savings rate and yield. The top savings rate in the prior rate report was from My Savings Direct at 1.10 percent with a yield of 1.11 percent. The bank lowered their rate to 1.00 percent with a yield of 1.00 percent.

Listed below are the highest savings and money market account rates on our rate list for January 20, 2016:

Jan 20, 2016  Savings Rates

  • Synchrony Bank Rates 1.04% APY 1.05%
  • GE Capital Bank Rates 1.04% APY 1.05%
  • Barclays Bank Rates 1.00% APY 1.00%
  • Ally Bank Rates 1.00% APY 1.00%
  • iGObanking.com Rate 1.00% APY 1.00%
  • My Savings Direct Rate 1.00% APY 1.00% (new lower rate)
  • CIT Bank Rate 0.99% APY 1.00%
  • Discover Bank Rate 0.95% APY 0.95%

Jan 20, 2016 Money Market Rates

  • EverBank Rates 0.61% APY 1.11%
  • Dime Rates 1.09% APY 1.10%
  • Northeast Bank Rates 1.09% APY 1.10%
  • iGObanking.com Rates 1.09% APY 1.10%
  • ableBanking Rates 1.00% APY 1.00%
  • Ally Bank Rates 0.85% APY 0.85%
  • Mutual of Omaha Bank Rates 0.85% APY 0.85%
  • Synchrony Bank Rates 0.85% APY 0.85%
  • MyCBB Rates 0.83% APY 0.83%
  • Discover Bank Rates 0.80% APY 0.80%

Interest rates change daily, to ensure you’re getting the most current interest rates, view our rate lists at RatesORama.com.

 

Author: Brian McKay
January 20th, 2016

We have a new high for variable deposit rates on this week’s deposit rate report. North American Savings Bank now has the best overall deposit rate on the rate list at 1.11 percent with an APY of 1.12 percent.

The former highest rate was from EverBank at 0.61 percent with an APY of 1.11 percent. The EverBank rate has a six month bonus rate of 1.60 percent with an ongoing rate of 0.61 percent, which is why the APY for the first year is 1.11 percent.

Below are this week’s best savings and money market rates on our rate list. Deposit rates change daily, to ensure you’re getting the most current deposit rates, view our rate lists at RatesORama.com.

January 10, 2016 Deposit Rates

Best Money Market Account Rates

  • EverBank Rate 0.61% APY 1.11%
  • Dime Rate 1.09% APY 1.10%
  • Northeast Bank Rate 1.09% APY 1.10%
  • iGObanking.com Rate 1.09% APY 1.10%
  • ableBanking Rate 1.00% APY 1.00%
  • Ally Bank Rate 0.85% APY 0.85%
  • Mutual of Omaha Bank Rate 0.85% APY 0.85%
  • Synchrony Bank Rate 0.85% APY 0.85%
  • MyCBB Rate 0.83% APY 0.83%
  • Discover Bank 0.80% APY 0.80%

Best Savings Account Rates

  • North American Savings Bank Rate 1.11% APY 1.12% (New Overall Top Rate)
  • Synchrony Bank Rate 1.04% APY 1.05%
  • GE Capital Bank Rate 1.04% APY 1.05%
  • Barclays Bank Rate 1.00% APY 1.00%
  • Ally Bank Rate 1.00% APY 1.00%
  • iGObanking.com Rate 1.00% APY 1.00%
  • My Savings Direct Rate 1.00% APY 1.00%
  • CIT Bank Rate 0.99% APY 1.00%
  • Discover Bank Rate 0.95% APY 0.95%
Author: Brian McKay
January 11th, 2016

While we haven’t seen any new highs for deposit rates since the Fed increased the fed funds rate last month, that may change. The Fed is scheduled to meet again at the end of January and might hike the federal funds rate again.

The current fed funds rate is set between 0.25 percent and 0.50 percent. The next hike will bring the rate into a range between 0.50 percent and 0.75 percent. When the increase happens, hopefully financial institutions will increase variable deposit rates. Listed below all current savings rates and MMA rates for the first week of 2016.

Current Savings Rates

  • Radius Bank 1.09% APY 1.10%
  • The Palladian PrivateBank 0.90% APY 1.10%
  • Synchrony Bank 1.04% APY 1.05%
  • GE Capital Bank1.04% APY 1.05%
  • Barclays Bank 1.00% APY 1.00%
  • Ally Bank 1.00% APY 1.00%
  • iGObanking.com 1.00% APY 1.00%
  • My Savings Direct 1.00% APY 1.00%
  • CIT Bank 0.99% APY 1.00%

Current Money Market Rates

  • EverBank 0.61% APY 1.11%
  • Dime Savings Bank of Williamsburgh 1.09% APY 1.10%
  • Northeast Bank 1.09% APY 1.10%
  • iGObanking.com 1.09% APY 1.10%
  • ableBanking 1.00% APY 1.00%
  • Sallie Mae Bank 0.90% APY 0.90%
  • Ally Bank 0.85% APY 0.85%
  • Mutual of Omaha Bank 0.85% APY 0.85%
  • Synchrony Bank 0.85% APY 0.85%
  • MyCBB 0.83% APY 0.83%

You can check on the most up to date rates by searching our variable deposit rate lists at Savings/MMA Rates.

 

Author: Brian McKay
January 3rd, 2016

We are just over a week away from the Federal Reserve meeting and higher interest rates. It’s hard to believe it’s been almost a decade since the Fed last increased the fed funds rate. While the increase is expected to be small, 25 basis points, at least the rate is finally moving higher.

When the rate is increased we expect some banks to increase their savings rates, money market rates, and short term CD rates right away. This increases will also be around 25 basis points. The top savings rates and money market rates currently around 1.10 percent will head towards 1.35 percent and possibly as high 1.50 percent.

The big unknown is whether there will be more rate hikes in subsequent Fed meetings in 2016. The answer remains to be seen, as any future rate hikes will be data dependent. Strong job growth, a lower unemployment rate, and higher wage inflation will be the keys to higher rates.

There are four scheduled FOMC meetings for the first 6 months of 2016. If the rate is increased 25 basis points at each meeting, the fed funds rate could be at 1.25 percent by the end of June. A 1.25 percent rate will drive variable deposit rates up near 2.50 percent. 1 year CD rates could move as high as 1.75 percent.

Regardless of where deposit rates end up in 2016, rates are moving higher. For a current list of variable deposit rates use our rate table at RatesORama.com/Savings-Accounts.

Author: Brian McKay
December 8th, 2015

Savings rates will be moving higher in the coming months as a result of a higher federal funds rate. The strong employment report released this month makes it an almost certainty that the Fed will increase the fed funds rate in their December meeting.

This is welcome news for savers, particularly retirees who rely on interest income from savings accounts and certificates of deposit. This week’s highest savings rate remains at 1.10 percent. The highest 1 year CD rate this week is 25 basis points higher at 1.35 percent. Listed below are the best savings account rates for November 17, 2015.

Best Savings Rates November 17, 2015

Savings Account Rates

  • My Savings Direct Savings Rate 1.09% Yield 1.10%
  • Radius Bank Savings Rate 1.09% Yield 1.10%
  • The Palladian PrivateBank Savings Rate 0.90% Yield 1.10%
  • Synchrony Bank Savings Rate 1.04% Yield 1.05%
  • CIT Bank Savings Rate 1.04% Yield 1.05%
  • GE Capital Bank Savings Rate 1.04% Yield 1.05%
  • Barclays Bank Savings Rate 1.00% Yield 1.00%
  • iGObanking.com Savings Rate 1.00% Yield 1.00%
  • Ally Bank Savings Rate 1.00% Yield 1.00%
  • Discover Bank Savings Rate 0.95% Yield 0.95%
Author: Brian McKay
November 18th, 2015