This Week’s Top Savings Rate is from The Palladian PrivateBank at 1.00 Percent
The Palladian PrivateBank has come in with the best savings rate available. The Palladian PrivateBank's current savings account rate is at 1.00 percent with an APY of 1.00 percent. This bank's savings rate is many times the current national average savings rate of 0.07 percent.
Last week, the highest savings rate on our list was from Barclays Bank at 0.90 percent with an APY of 0.90 percent. The Palladian PrivateBank's rate also beats the best money market rate on our list from EverBank at 0.89 percent with an APY of 0.89 percent.
The minimum opening balance to open an account at the The Palladian PrivateBank savings account is $10,000. You also have to maintain a balance of at least $10k to avoid $10 a month in account fees.
The third highest savings rate in our database is at 0.85 percent offered by FNBO Direct and Colorado Federal Savings Bank. The minimum opening deposit at FNBO is $1 while Colorado FSB's minimum opening balance is $2,500. Ally Bank has the fourth highest savings rate in our database this week at 0.84 percent with an APY of 0.84 percent. Ally Bank has no minimum balance to open a savings account.
The fifth best savings account rate on our list is from Discover Bank at 0.75 percent with an APY of 0.75 percent. Discover's minimum opening balance on a savings account is $500. The sixth highest rate on our list is from Capital One 360 at 0.75 percent with an APY of 0.75 percent. The minimum opening balance on a Capital One 360 savings account is $1.
Top Money Market Rates
Moving onto money market rates in our database, the second best rate is from two different banks Mutual of Omaha Bank and GE Capital Retail Bank. Both banks are offering money market account rates at 0.85 percent with an APY of 0.85 percent. Mutual of Omaha Bank's minimum opening balance is $5,000 and GE Capital Retail Bank's minimum opening balance is $25,000.
The third highest money market rate is from ableBanking, a division of Northeast Bank, and First Internet Bank of Indiana at 0.80 percent with an APY of .080 percent. AbleBanking's minimum opening deposit for a money market account is $250 and First Internet Bank of Indiana's minimum opening deposit is $100.
Interest rates change constantly so be sure to check our rate tables for a list of the most current savings rates and money market rates. Our database of rates is updated many times daily to ensure you always receive the most current and accurate information on rates at RatesORama.com.
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