Best Savings Account Rates – National Rates
The current national average savings account rate is at 0.13% in this week's FDIC National Rate Report. Banks and credit unions are advertising savings rates many times the national average. Right now Discover Bank and Sallie Mae Bank are advertising online savings account rates at 1.09% with an online savings account yield of 1.10%. This rate is higher than most 12 month CD rates at banks right now.
Other bank savings rates that are much higher than the national average include Capital One Direct Banking which are offering their current rates at 1.01% with a savings yield of 1.01%. This rate is also better than the best CD rates these days on 12 month certificates of deposit.
American Express Bank's online savings account rates is currently at 1.00% with an online savings account yield of 1.00%. Ally Bank current online savings rate and yield is 0.99%
Aurora Bank is also advertising a savings rate well above the national average. Aurora Bank's current savings rate and yield is 0.93%. Aurora is also advertising mortgage rates today that are lower than most mortgage rates advertised right now.
RatesORama.com Average Mortgage Rates