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Highest Savings Account Rates August 13, 2012: Best Savings Rate at 1.05%

Highest Savings Account Rates August 13, 2012: Best Savings Rate at 1.05%

There were no big changes in the highest savings rates or average bank savings rates this week. The highest savings account rates for August 13, 2012 are still just above 1.00 percent. The FDIC's national average regular savings account rates and jumbo savings account rates at banks is still at 0.09 percent.

CIT Bank savings account rates and Union Federal Savings Bank right now are the best on our list at 1.04 percent with an APY of 1.05 percent. The CIT Bank savings interest rate is for account balances of $25k or more.

Savings account rates at CIT Bank for account balances of less than $25k still earn a decent savings rate of 0.90 percent. More than 10 times the FDIC's average rates.

EverBank's promotional money market account rate is next on our list. The current promo EverBank money market rate is at 1.01 percent APY. This is figured out by calculating the 6 month promo rate of 1.25 percent and the current MMA rate of 0.76 percent.

Highest Savings Account Rates August 13, 2012

  1. Union Federal Savings Bank Rates 1.04% APY 1.05%

  2. CIT Bank Savings Account Rates 1.04% APY 1.05%

  3. EverBank Money Market Rate 1.01% APY

  4. Barclays Bank Savings Account Rates 1.00% APY 1.00%

  5. Sallie Mae Bank Money Market Rates 0.90% APY 0.90%

  6. Ally Bank Savings Account Rates 0.89% APY 0.89%

  7. American Express Bank Savings Rates 0.85% APY 0.85%

  8. Colorado Federal Savings Bank 0.85% APY 0.85%

  9. ableBanking MMA Rates 0.85% APY 0.85%

  10. MetLife Bank MMA Rates 0.85% APY 0.85%

  11. Discover Bank Savings Account Rates 0.80% APY 0.80%

All the savings account rates and money market account rates are well above the national average rates. All the banks listed here and all the banks on our rate list are FDIC insured. You can search for the best interest rates below:

Author: Robert Till
August 13th, 2012