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Best Bank Deposit Rates June 9, 2014
 

Best Bank Deposit Rates June 9, 2014

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We are finally seeing some banks increase savings account rates and money market account rates. This trend of higher rates started late in 2013 when several banks increased their long term CD rates. Banks were eager to lock in long term deposits at lower rates before rates moved higher.

The increase in rates has been small but at least the trend is higher. After almost 6 years of watching banks lower rates seeing rates move higher is welcome news. Listed below are the best savings rates and money market rates for June 9, 2014.

Best Savings Rates

  • Synchrony Bank Rate 0.95%

  • CIT Bank Rate 0.95%

  • GE Capital Bank Rate 0.90%

  • Barclays Bank Rate 0.90%

  • The Palladian PrivateBank Rate 0.90%

  • Ally Bank Rate 0.87%

  • Colorado Federal Savings Bank 0.85%

  • FNBO Direct 0.85%

  • Discover Bank Rate 0.85%

  • American Express Bank Rate 0.80%


Best Money Market Rates

  • EverBank APY 1.01%

  • Sallie Mae Rate 0.90%

  • Synchrony Bank Rate 0.85%

  • Ally Bank Rate 0.85%

  • Mutual of Omaha Bank Rate 0.85%

  • Union Federal Savings Bank 0.85%

  • First Internet Bank of Indiana Rate 0.80%

  • Bank of Internet USA Rate 0.75%


 
Author: Brian McKay
June 9th, 2014