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Best Savings Account Rates This Week at 1.05%
 

Best Savings Account Rates This Week at 1.05%

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The FDIC's current national average savings rate is still at 0.09 percent. The best savings account rates this week are also unchanged at 1.05 percent. CIT Bank is the lone bank on our list offering current online savings account rates at 1.04 percent with an APY of 1.05 percent. There is no minimum opening account balance for CIT Bank's online savings account.

Other rates at banks that are more than 10 times the FDIC's national average savings rate include EverBank's money market account rate. Everbank currently has a promotional money market account rate of 1.25 percent for six months. The regular money market account rate is 0.76 percent which makes the overall first year account APY of 1.01 percent.

Barclays Bank which is a relatively new entry into the U.S. online savings account market is next on our list. Barclays Bank savings rates are at 1.00 percent with an APY of 1.00 percent. This account is also more than 10 times the FDIC's average rate.

SallieMae Bank, the banking arm of the student loan company Sallie Mae is next on our list. SallieMae's money market rates are currently at 0.90 percent with an APY of 0.90 percent. There are no account minimums or fees on SallieMae's smoney market account.

Ally Bank savings account rates are next on our list. Ally Bank savings rates are currently at 0.89 percent with an APY of 0.89 percent. Ally savings account rates are almost 10 times the national average rate.

Discover Bank savings rates are next on the list. Current Discover Bank savings account rates are currently at .80 percent with an APY of 0.80 percent.

You can compare bank savings rates from many different banks right here at ratesorama.com.

The FDIC's current national average savings rate is still at 0.09 percent. The best savings account rates this week are also unchanged at 1.05 percent. CIT Bank is the lone bank on our list offering current online savings account rates at 1.04 percent with an APY of 1.05 percent. There is no minimum opening account balance for CIT Bank's online savings accoun

Author: Monica Harris
August 1st, 2012