Savings Account Rates/Money Market Rates October 4, 2012
Both the highest savings account rates available and the national average savings rates remained unchanged this week. The highest money market rates and average money market rates also remain unchanged this week. Though we did see one bank, Sallie Mae Bank, increase money market rates from 1.00 percent to 1.04 percent with an APY of 1.05 percent.
This increase puts Salle Mae Bank money market account rates at the top of our list along with Union Federal Savings Bank's money market rate. The top money market rate on our list is also tied the the best savings account rate on our list. The best rate is from CIT Bank at 1.04 percent with an APY of 1.05 percent.
Savings Account Rates October 4, 2012
CIT Bank Savings Account Rates 1.04% APY 1.05%
Barclays Savings Account Rates 1.00% APY 1.00%
Ally Bank Savings Account Rates 0.95% APY 0.95%
American Express Savings Account Rates 0.90% APY 0.90%
Colorado Federal Savings Bank Savings Account Rates 0.85% APY 0.85%
Discover Bank Savings Account Rates 0.80% APY 0.80%
Current Money Market Rates October 4, 2012
Union Federal Savings Bank Money Market Account Rates 1.04% APY 1.05%
Sallie Mae Bank Money Market Account Rates 1.04% APY 1.05%
EverBank Money Market Account APY 1.01%
Ally Bank Money Market Account Rates 0.95% APY 0.95%
The current national average savings account rate in this week's rate survey released by the Federal Deposit Insurance Coporation (FDIC) is at 0.08 percent. The curernt national average money market rate release by the FDIC is at 0.12 percent.