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January 20, 2016 Savings and Money Market Rate Report
 

January 20, 2016 Savings and Money Market Rate Report

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The highest money market account rate on our rate list this week is from EverBank at 1.11 percent APY. EverBank's rate is a promotional rate, that has a bonus rate of 1.60 percent for the first six months and an ongoing rate of 0.61 percent. These two rates give the combined first year APY of 1.11 percent.

The highest savings account rates this week are at 1.04 percent with a yield of 1.05 percent. Two banks, Synchrony Bank and GE Capital Bank are currently offering the highest savings rate and yield. The top savings rate in the prior rate report was from My Savings Direct at 1.10 percent with a yield of 1.11 percent. The bank lowered their rate to 1.00 percent with a yield of 1.00 percent.

Listed below are the highest savings and money market account rates on our rate list for January 20, 2016:

Jan 20, 2016  Savings Rates

  • Synchrony Bank Rates 1.04% APY 1.05%
  • GE Capital Bank Rates 1.04% APY 1.05%
  • Barclays Bank Rates 1.00% APY 1.00%
  • Ally Bank Rates 1.00% APY 1.00%
  • iGObanking.com Rate 1.00% APY 1.00%
  • My Savings Direct Rate 1.00% APY 1.00% (new lower rate)
  • CIT Bank Rate 0.99% APY 1.00%
  • Discover Bank Rate 0.95% APY 0.95%

Jan 20, 2016 Money Market Rates

  • EverBank Rates 0.61% APY 1.11%
  • Dime Rates 1.09% APY 1.10%
  • Northeast Bank Rates 1.09% APY 1.10%
  • iGObanking.com Rates 1.09% APY 1.10%
  • ableBanking Rates 1.00% APY 1.00%
  • Ally Bank Rates 0.85% APY 0.85%
  • Mutual of Omaha Bank Rates 0.85% APY 0.85%
  • Synchrony Bank Rates 0.85% APY 0.85%
  • MyCBB Rates 0.83% APY 0.83%
  • Discover Bank Rates 0.80% APY 0.80%

Interest rates change daily, to ensure you’re getting the most current interest rates, view our rate lists at RatesORama.com.

 


Author: Brian McKay
January 20th, 2016