Savings Rate Report for November 17, 2015

Savings rates will be moving higher in the coming months as a result of a higher federal funds rate. The strong employment report released this month makes it an almost certainty that the Fed will increase the fed funds rate in their December meeting.

This is welcome news for savers, particularly retirees who rely on interest income from savings accounts and certificates of deposit. This week's highest savings rate remains at 1.10 percent. The highest 1 year CD rate this week is 25 basis points higher at 1.35 percent. Listed below are the best savings account rates for November 17, 2015.

Best Savings Rates November 17, 2015

Savings Account Rates

• My Savings Direct Savings Rate 1.09% Yield 1.10%
• Radius Bank Savings Rate 1.09% Yield 1.10%
• The Palladian PrivateBank Savings Rate 0.90% Yield 1.10%
• Synchrony Bank Savings Rate 1.04% Yield 1.05%
• CIT Bank Savings Rate 1.04% Yield 1.05%
• GE Capital Bank Savings Rate 1.04% Yield 1.05%
• Barclays Bank Savings Rate 1.00% Yield 1.00%
• iGObanking.com Savings Rate 1.00% Yield 1.00%
• Ally Bank Savings Rate 1.00% Yield 1.00%
• Discover Bank Savings Rate 0.95% Yield 0.95%