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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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Institution
APY
Rate
Min. Deposit
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Colorado Federal Savings Bank

  (3 out of 5)
Savings
0.850%
09/04/2015
0.850%
$2,500.00
 
Mutual of Omaha Bank

  (4 out of 5)
MMA
0.850%
09/04/2015
0.850%
$1,000.00
Easy to open, easy to fund, easy to manage. Open an account now. 
FNBO Direct

  (4 out of 5)
Savings
0.750%
09/04/2015
0.750%
$1.00
Cashback savings where you shop with MyDeals on your check card 
Fultdirect.com

  (4 out of 5)
MMA
0.100%
09/04/2015
0.100%
$10,000.00
 
My Savings Direct

  (4 out of 5)
Savings
1.250%
09/04/2015
1.240%
$1.00
No Fees! No Minimums! 
EverBank

  (3 out of 5)
MMA
1.110%
09/04/2015
0.610%
$1,500.00
Earn a top 5% yield- always! Open an Account today. FDIC insured. 
The Palladian PrivateBank

  (4 out of 5)
Savings
1.100%
09/04/2015
0.900%
$10,000.00
Get started. Open an account today. Member FDIC. 
GE Capital Bank

  (5 out of 5)
Savings
1.050%
09/04/2015
1.040%
$0.00
No transaction fees. FDIC Insured. Open in ten minutes or less. 
Barclays

  (4 out of 5)
Savings
1.000%
09/04/2015
1.000%
$0.00
No Minimum Balance. No Monthly Maintenance Fees. FDIC Insured. 
Radius Bank

  (4 out of 5)
Savings
1.000%
09/04/2015
1.000%
$2,500.00
 
ableBanking, a division of Northeast Bank

  (4 out of 5)
MMA
1.000%
09/04/2015
1.000%
$250.00
$25 New Customer Gift to give to charity (501c3). FDIC insured. 
Discover Bank

  (5 out of 5)
Savings
0.950%
09/04/2015
0.950%
$500.00
Grow your savings faster with a rate 5x the National Savings Avg* 
MyCBB

  (2 out of 5)
MMA
0.830%
09/04/2015
0.830%
$1,000.00
Apply Online Now! 
EH National Bank

  (2 out of 5)
MMA
0.800%
09/04/2015
0.800%
$1,000.00
 
First Internet Bank of Indiana

  (4 out of 5)
MMA
0.800%
09/04/2015
0.800%
$100.00
 
Discover Bank

  (5 out of 5)
MMA
0.750%
09/04/2015
0.750%
$2,500.00
Easy cash access and always great rates. Open an account today! 
Silvergate Bank

  (3 out of 5)
MMA
0.750%
09/04/2015
0.750%
$1,000.00
Monthly Maint. Fee Waived w/estatements. 
VirtualBank

  (4 out of 5)
MMA
0.650%
09/04/2015
0.650%
$100.00
FDIC Insured 
First Internet Bank of Indiana

  (4 out of 5)
Savings
0.600%
09/04/2015
0.600%
$100.00
 
Lone Star Bank

  (3 out of 5)
MMA
0.600%
09/04/2015
0.600%
$2,500.00
 
EH National Bank

  (2 out of 5)
Savings
0.550%
09/04/2015
0.550%
$1,000.00
 
AloStar Bank of Commerce

  (5 out of 5)
Savings
0.500%
09/04/2015
0.500%
$50.00
 
AloStar Bank of Commerce

  (5 out of 5)
MMA
0.500%
09/04/2015
0.500%
$1,000.00
 
Lone Star Bank

  (3 out of 5)
Savings
0.500%
09/04/2015
0.500%
$200.00
 
giantbank.com

  (4 out of 5)
MMA
0.450%
09/04/2015
0.450%
$1,000.00
 
State Farm Bank

  (4 out of 5)
MMA
0.300%
09/04/2015
0.300%
$1,000.00
 
Goldwater Bank

  (2 out of 5)
MMA
0.260%
09/04/2015
0.260%
$1,000.00
 
Heritage Bank

  (4 out of 5)
Savings
0.250%
09/04/2015
0.250%
$1,000.00
 
5 Star Bank

  (5 out of 5)
Savings
0.200%
09/04/2015
0.200%
$100.00
 
E-LOAN

  (4 out of 5)
MMA
0.200%
09/04/2015
0.200%
$5,000.00
No Fees. Start earning interest now! 
NewDominion Bank

  (1 out of 5)
MMA
0.150%
09/04/2015
0.150%
$500.00
Achieve Rapid Growth Results w/Our Rates! Open Online-Member FDIC 
5 Star Bank

  (5 out of 5)
MMA
0.100%
09/04/2015
0.100%
$1,000.00
 
State Farm Bank

  (4 out of 5)
Savings
0.100%
09/04/2015
0.100%
$100.00
 
Astoria Bank

  (3 out of 5)
Savings
0.050%
09/04/2015
0.050%
$500.00
 
Astoria Bank

  (3 out of 5)
MMA
0.050%
09/04/2015
0.050%
$2,500.00
 
Citizens Trust Bank

  (3 out of 5)
MMA
0.050%
09/04/2015
0.050%
$100.00
 
Citizens Trust Bank

  (3 out of 5)
Savings
0.050%
09/04/2015
0.050%
$1,000.00
 

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.



Variable deposit rates remained unchanged this week but CD rates moved higher. We won’t see any across the board rate hikes until the Federal Reserve increases the federal funds rate. The best savings rate this week remains at 1.25 percent and the best money market rate remains at 1.11 percent.

Over the past month, the highest savings rate hasn’t changed, but the highest MMA rate has increased. Last month the top MMA rate was at 1.10 percent, this month the top rate is 1 basis point higher. Again, there won’t be any big changes in rates until the Fed increases rates. Over the past month, several banks  made small CD rate increases. The most recent increase was E-Loan’s 1 year rate increase to 1.29 percent with an APY of 1.30%.

We have waited for the Fed to increase interest rates for many years now. In fact, the last federal funds rate increase was almost a decade ago back in 2006. The good news is we don’t have to wait much longer. There is a really good chance the rate will be increased during the Fed’s mid September meeting.

Best Variable Deposit Rates August 10, 2015

Savings Account Rates

  • MY Savings Direct Rate 1.24% APY 1.25%
  • The Palladian Private Bank Rate 1.09% APY 1.10%
  • 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%
  • CIT Bank Rate 1.00% APY 1.00%
  • Ally Bank Rate 0.99% APY 0.99%
  • Discover Bank Rate 0.95% APY 0.95%
  • Amex Bank Rate 0.90% APY 0.90%

Money Market Rates

  • EverBank 1.11% APY (increased 0.10)
  • ableBanking Rate 1.00% APY 1.00%
  • Sallie Mae Bank Rate 0.90% APY 0.90%
  • Ally Bank Rate 0.85% APY 0.85%
  • Synchrony Bank Rate 0.85% APY 0.85%
  • MyCBB Rate 0.83% APY 0.83%

Check on the highest variable deposit account rates by searching the rate list at RatesORama.com

Author: Brian McKay
August 10th, 2015

The best online savings rate this week is at 1.25 percent and the best money market rate is at 1.10 percent. The highest variable deposit rates haven’t changed from last week’s top rates. We will continue to see banks increase their rates in the coming months, before the Federal Open Market Committee increases the federal funds rate. The only increase this week is a 0.05 percent increase in Discover Bank’s savings rate.

The increases will be small, just like recent increase from Discover Bank. Overall, the highest savings rate might go up 5 basis points to 1.30 percent. The top money market rate will probably go up towards 1.15 percent. Larger increases will have to wait until the FOMC increases the federal funds rate.

The first fed funds increase, in almost a decade, will be a 25 basis point increase. The highest savings rates and money market rates will also increase 0.25 percent. There will probably be 2 or 3 increases in 2015. By the end of the year, variable deposit rates will be around 2.00 percent.

You can see the best variable deposit rates for this week below. To search for current rates go to Savings.RatesORama.com

Highest Variable Deposit Rates July 18, 2015

Savings Rates

  • MY Savings Direct 1.24% APY 1.25%
  • The Palladian Private Bank 1.09% APY 1.10%
  • Synchrony Bank 1.04% APY 1.05%
  • GE Capital Bank 1.04% APY 1.05%
  • Barclays Bank 1.00% APY 1.00%
  • CIT Bank 1.00% APY 1.00%
  • iGObanking 1.00% APY 1.00%
  • Ally Bank 0.99% APY 0.99%
  • Discover Bank Rate 0.95% APY 0.95% (up 0.05%)
  • Colorado Federal Savings Bank 0.85% APY 0.85%
  • Radius Bank 0.85% APY 0.85%

MMA Rates

  • iGObanking.com 1.09% APY 1.10%
  • EverBank 1.01% APY
  • ableBanking 1.00% APY 1.00%
  • Sallie Mae Bank 0.90% APY 0.90%
  • Ally Bank 0.85% APY 0.85%
  • Synchrony Rate 0.85% APY 0.85%
  • Mutual of Omaha Bank 0.85% APY 0.85%
  • MyCBB 0.83% APY 0.83%

 

Author: Brian McKay
July 18th, 2015

The Federal Open Market Committee still hasn’t increased the federal funds rate but that hasn’t stopped banks from increasing deposit rates. There is a new best savings account rate on the rate list at 1.24 percent with an APY of 1.25 percent from My Savings Direct.

Last month the top rate was 0.20 percent lower at 1.04 percent with an APY of 1.05 percent. My Savings Direct had been offering that rate and Synchrony Bank continues to do so. You can view the top variable rates on savings accounts and money market accounts below.

Best Variable Rates July 10, 2015

Savings Account Rates

  • MY Savings Direct Rate 1.24% APY 1.25% (up 0.20%)
  • The Palladian Private Bank Rate 1.09% APY 1.10% (new to list)
  • Synchrony Bank Rate 1.04% APY 1.05%
  • GE Capital Bank Rate 1.04% APY 1.05%
  • Barclays Bank 1.00% APY 1.00%
  • CIT Bank 1.00% APY 1.00%
  • iGObanking 1.00% APY 1.00%
  • Ally Bank 0.99% APY 0.99%
  • American Express 0.90% APY 0.90%
  • Discover Bank Rate 0.90% APY 0.90%
  • Colorado Federal Savings Bank Rate 0.85% APY 0.85%
  • Radius Bank Rate 0.85% APY 0.85%

Money Market Account Rates

  • iGObanking.com Rate 1.09% APY 1.10%
  • EverBank Rate 1.01% APY
  • ableBanking Rate 1.00% APY 1.00%
  • Sallie Mae Bank Rate 0.90% APY 0.90%
  • Ally Bank Rate 0.85% APY 0.85%
  • Synchrony Rate 0.85% APY 0.85%
  • Mutual of Omaha Bank Rate 0.85% APY 0.85%
  • MyCBB Rate 0.83% APY 0.83%

Variable deposit rates change all the time. You can view a current list of rates here: Variable Deposit Rates

Author: Brian McKay
July 10th, 2015

Current variable deposit rates remained stable this past week, there were no new highs to report. Listed below are the highest savings account rates and money market rates for June 2, 2015.

Best Savings Rates

  • Synchrony Bank 1.04% APY 1.05%
  • MY Savings Direct 1.04% APY 1.05%
  • Barclays Bank 1.00% APY 1.00%
  • CIT Bank 1.00% APY 1.00%
  • iGObanking 1.00% APY 1.00%
  • Ally Bank 0.99% APY 0.99%
  • American Express 0.90% APY 0.90%
  • Discover Bank Rate 0.90% APY 0.90%

Best Money Market Account Rates

  • iGObanking.com 1.09% APY 1.10%
  • EverBank Rates 1.01% APY
  • ableBanking Rates 1.00% APY 1.00%
  • Sallie Mae Bank Rates 0.90% APY 0.90%
  • Ally Bank Rates 0.85% APY 0.85%
  • Synchrony Rates 0.85% APY 0.85%
Author: Brian McKay
June 2nd, 2015

The best savings rates available this week on rate list are at 1.05 percent, unchanged from last week’s best rate. The best money market rate available is also unchanged at 1.01 percent APY. We don’t anticipate banks and credit unions increasing rates to new highs until the Federal Reserve increases the federal funds rate. This could happen as soon as June or as late as September 2015.

Listed here are the top deposit rates for May 16, 2015:

Top Savings Rates

  • Synchrony Bank Rate 1.04% APY 1.05%
  • MY Savings Direct Rate 1.04% APY 1.05%
  • Barclays Bank Rate 1.00% APY 1.00%
  • CIT Bank Rate 1.00% APY 1.00%
  • iGObanking Rate 1.00% APY 1.00%
  • Ally Bank Rate 0.99% APY 0.99%
  • American Express Rate 0.90% APY 0.90%
  • Discover Bank Rate 0.90% APY 0.90%
  • Colorado FSB Rate 0.85% APY 0.85%
  • Radius Bank Rate 0.85% APY 0.85%
  • Capital One 360 Rate 0.75% APY 0.75%
  • FNBO Direct Rate 0.75% APY 0.75%

Weekly Deposit Account Rates May 16 2015Top Money Market Account Rates

  • EverBank Rates 1.01% APY
  • ableBanking Rates 1.00% APY 1.00%
  • iGObanking.com Rates 0.90% APY 0.90%
  • Sallie Mae Bank Rates 0.90% APY 0.90%
  • Ally Bank Rates 0.85% APY 0.85%
  • Mutual of Omaha Bank Rates 0.85% APY 0.85%
  • Synchrony Rates 0.85% APY 0.85%
  • MyCCB Money Market Rates 0.83% APY 0.83%
  • EH National Bank Rates 0.80% APY 0.80%
  • First Internet Bank of Indiana Rates 0.80% APY 0.80%
  • Lone Star Bank Rates 0.80% APY 0.80%
  • Bank of Internet Rates 0.75% APY 0.75%
  • Discover Bank MMA Rates 0.75% APY 0.75%
  • Silvergate Bank Rates 0.75% APY 0.75%

 

Author: Brian McKay
May 16th, 2015