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GRS TwitterBest Money Market Rates & Savings Account Interest Rates - Updated DAILY
Keeping track of the highest Savings Account & Money Market Account rates at banks by yourself is nearly impossible. I know because I tried it for a long while with my list of the High-Interest Savings Accounts & High-Yield Money Market Accounts. But in the end it simply took too much time and I could never stay on top of the constant rate changes.
The information below is collected every day from over 200 banks, and the top 50 earning savings & money market rates are displayed, making the job of finding the highest rates much easier. I thought this tool was great so now I've replaced my hand-updated list with this table.
Right now savings & money market rates are within close range of CD rates, and companies like Everbank are offering bonus introductory rates even higher than many CD rates - without locking you in for the term of the CD. As of December 3, 2009 the Everbank introductory rate is 2.51%.
You can also compare the money market rates & savings rates here with the highest cd rates at over 200 banks.
| Institution | Type | Rate | APY | Min. To Earn APY | Details |
|---|---|---|---|---|---|
| North Middlesex Savings Bank Rates as of Mar. 19th | Savings | 2.71% | 2.75% | $10 | Simply Save Account - must make $50 deposit in person during each interest cycle, balances up to $10,000 earn APY, must live within market area to open an account. |
| Ridgestone Bank Rates as of Mar. 19th | Savings | 2.47% | 2.50% | $2,500 | Momentum Savings and Checking - APY on savings for balances up to $49,999.99. Savings and checking combination. Checking account no minimum to open, 8 checking transactions, $100 auto transfer from checking to savings, electronic statements. Rate may vary by location. |
| Georgia Primary Bank Rates as of Mar. 19th | MMA | 2.27% | 2.30% | $100,000 | Available only to Georgia residents-limited check writing without fees, monthly maintenance fee of $10 waived with $2,500 daily balance. |
| Choice Financial Rates as of Mar. 19th | Savings | 2.06% | $0 | RateBuilder Savings - New money only, 2.26% APY is a 30-day introductory rate, then reverts to rate tiers. No more than six withdrawals or transfers per month. | |
| Ultima Bank Rates as of Mar. 19th | Savings | 2.00% | 2.02% | $0 | SMART Savings Account - for young adults 18 yrs or younger, withdrawals prior to 18th birthday may result in a penalty |
| SmartyPig Rates as of Mar. 19th | Savings | 2.01% | $25 | ||
| Geddes Federal Savings and Loan Association Rates as of Mar. 19th | MMA | 1.99% | 2.00% | $50,000 | Central New York market area only |
| AmericaNet Bank Rates as of Mar. 19th | MMA | 2.00% | $1 | Mega Money Market Checking Account - earn APY on balances up to $35,000, 6 free withdrawals per month | |
| Georgia Primary Bank Rates as of Mar. 19th | MMA | 1.93% | 1.95% | $50,000 | Available only to Georgia residents-limited check writing without fees, monthly maintenance fee of $10 waived with $2,500 daily balance. |
| SFGI Direct Rates as of Mar. 19th | Savings | 1.75% | $1 | Currently SFGI is not accepting new customers nor opening new accounts. | |
| Georgia Primary Bank Rates as of Mar. 19th | MMA | 1.64% | 1.65% | $25,000 | Available only to Georgia residents-limited check writing without fees, monthly maintenance fee of $10 waived with $2,500 daily balance. |
| Dime Savings Bank Rates as of Mar. 19th | MMA | 1.59% | 1.60% | $75,000 | Prime Rewards MMA Passbook |
| Quantum National Bank Rates as of Mar. 19th | MMA | 1.59% | 1.60% | $100,000 | Hi-Rate Money Market (Personal) |
| The Palladian Private Bank Rates as of Mar. 19th | Savings | 1.54% | 1.55% | $10,000 | |
| Peoples National Bank Rates as of Mar. 19th | Savings | 1.50% | 1.51% | $2,500 | Certificate Savings - hybrid savings and certificate account, one time withdrawal per quarter without penalty, transaction limitations - Limited to New York market area |
| Bank of Internet Rates as of Mar. 19th | Savings | 1.49% | 1.50% | $0 | High Yield Savings - Withdrawal limits apply |
| Acacia Federal Savings Bank Rates as of Mar. 19th | MMA | 1.49% | 1.50% | $125,000 | Tiered Money Market - Rates effective 03/22/2010 |
| H&R Block Bank Rates as of Mar. 19th | MMA | 1.49% | 1.50% | $50,000 | |
| Chesapeake Bank - Clear Sky Accounts Rates as of Mar. 19th | Savings | 1.49% | 1.50% | $1 | Online savings - Rate for balances up to $249,999 |
| First Trade Union Bank Rates as of Mar. 19th | Savings | 1.49% | 1.50% | $2,500 | High and Mighty Savings - Open account online, new money only |
| Acacia Federal Savings Bank Online Rates as of Mar. 19th | MMA | 1.49% | 1.50% | $125,000 | Tiered Money Market |
| Bank of Internet Rates as of Mar. 19th | MMA | 1.44% | 1.45% | $1 | Money Market Savings Account |
| Georgia Primary Bank Rates as of Mar. 19th | MMA | 1.44% | 1.45% | $1 | Available only to Georgia residents-limited check writing without fees, monthly maintenance fee of $10 waived with $2,500 daily balance. |
| State Farm Bank Rates as of Mar. 19th | MMA | 1.44% | 1.45% | $100,000 | Rates may vary by market area, rate disclosed based on NY market area |
| Georgia Primary Bank Rates as of Mar. 19th | MMA | 1.44% | 1.45% | $10,000 | Available only to Georgia residents-limited check writing without fees, monthly maintenance fee of $10 waived with $2,500 daily balance. |
| Bank of Internet Rates as of Mar. 19th | Savings | 1.49% | 1.40% | $1 | Advantage Savings - Limited Bill Payment service access, account has withdrawal limitations |
| ADB Bank Rates as of Mar. 19th | MMA | 1.40% | $0 | Direct Wealth Money Market | |
| Discover Bank Rates as of Mar. 19th | MMA | 1.39% | 1.40% | $100,000 | |
| First East Side Savings Bank Rates as of Mar. 19th | MMA | 1.39% | 1.40% | $100,000 | |
| AIG Bank Rates as of Mar. 19th | MMA | 1.36% | 1.37% | $250,000 | High Yield Money Market - FDIC insured. Open an account online or by phone! |
| AIG Bank Rates as of Mar. 19th | MMA | 1.34% | 1.35% | $100,000 | High Yield Money Market - FDIC insured. Open an account online or by phone! |
| Discover Bank Rates as of Mar. 19th | Savings | 1.34% | 1.35% | $1 | Online Savings Account - Account can only be held in individual or joint ownership - Up to 6 preauthorized transfers from your Online Savings Account per statement cycle |
| Kirkpatrick Bank Rates as of Mar. 19th | Savings | 1.35% | $1 | ||
| Colorado Federal Savings Bank Rates as of Mar. 19th | Savings | 1.35% | 1.35% | $2,500 | Online Savings Account - up to 6 withdrawal transactions per month with no service fee |
| Nationwide Bank Rates as of Mar. 19th | MMA | 1.35% | $1,000 | ||
| TriState Capital Bank Rates as of Mar. 19th | MMA | 1.29% | 1.30% | $100,000 | Private MMDA |
| American Express Rates as of Mar. 19th | Savings | 1.30% | $0 | High-Yield Savings | |
| Dollar Savings Direct Rates as of Mar. 19th | Savings | 1.30% | $1 | ||
| Ultima Bank Rates as of Mar. 19th | Savings | 1.29% | 1.30% | $1,000 | UBM Direct Savings Account |
| Discover Bank Rates as of Mar. 19th | MMA | 1.29% | 1.30% | $10,000 | |
| Discover Bank Rates as of Mar. 19th | MMA | 1.29% | 1.30% | $50,000 | |
| AIG Bank Rates as of Mar. 19th | MMA | 1.28% | 1.30% | $50,000 | High Yield Money Market - FDIC insured. Open an account online or by phone! |
| Discover Bank Rates as of Mar. 19th | MMA | 1.29% | 1.30% | $25,000 | |
| Ally Bank Rates as of Mar. 19th | MMA | 1.28% | 1.29% | $0 | Money Market Savings Account |
| Ally Bank Rates as of Mar. 19th | Savings | 1.28% | 1.29% | $0 | Online Savings - Free online transactions, no monthly fees, no minimums |
| Weymouth Bank Rates as of Mar. 19th | MMA | 1.25% | 1.28% | $50,000 | Regular Money Market - South Shore Massachusetts market area |
| Giantbank Rates as of Mar. 19th | MMA | 1.26% | $1,000 | ||
| Greystone Bank Rates as of Mar. 19th | MMA | 1.25% | 1.26% | $750,000 | Money Market Savings Account |
| EverBank Rates as of Mar. 19th | MMA | 1.25% | 1.26% | $0 | New Account bonus rate for Yield Pledge Money Market Account - 2.25% for the first 3 months, 1.51% First Year APY for account balance $50K or less |
| Trustco Bank Rates as of Mar. 19th | MMA | 1.25% | $100,000 | Tiered interest rates, APY for balances up to 1,999,999. Rate based on New York market area, rate may vary by location, market areas FL, NY, MA, NJ, VT | |
| Acacia Federal Savings Bank Online Rates as of Mar. 19th | MMA | 1.24% | 1.25% | $75,000 | Tiered Money Market |
| AmTrust Direct Rates as of Mar. 19th | MMA | 1.25% | 1.25% | $10,000 | e-Money Market Account - Rate earned on balances up to $24,999.99 |
| OneWest Bank Rates as of Mar. 19th | MMA | 1.24% | 1.25% | $10,000 | Premium Money Market - Tiered interest rates, account available through branch or call center, Southern CA residents only, requires premium checking |
| OneWest Bank Rates as of Mar. 19th | MMA | 1.24% | 1.25% | $10,000 | E-Money Market only available by applying online |
| First National Community Bank (FNCB) Rates as of Mar. 19th | Savings | 1.24% | 1.25% | $1 | ME Savings - Maximum Earnings Online Savings Account, withdrawal limitations |
| 1st Constitution Direct Rates as of Mar. 19th | Savings | 1.25% | $10,000 | Direct Super Savings Internet Special - Rate disclosed is special APY for three months | |
| Presidential Bank Rates as of Mar. 19th | Savings | 1.25% | $0 | Premier Savings - APY on balances up to $35,000 | |
| FNBO Direct Rates as of Mar. 19th | Savings | 1.25% | $1 | Online Savings Act - Rated Kiplinger's Best Online Savings Account, no minimums, no monthly fees, manage accounts securely online | |
| First Internet Bank Rates as of Mar. 19th | MMA | 1.24% | 1.25% | $50,000 | Money Market Savings - Rate earned on balances up to $99,999.99 |
| Salem Five Direct Rates as of Mar. 19th | Savings | 1.25% | $0 | eOneSavings - Online applicants only, who do not have existing deposit accounts with Salem Five. | |
| Capital One Direct Banking Rates as of Mar. 19th | Savings | 1.25% | $0 | InterestPlus Online Savings - 10% bonus on interest earned with $15,000 monthly balance or active Capital One credit card in good standing, transaction limitations, contact bank for details. | |
| Bank of the West Rates as of Mar. 19th | Savings | 1.24% | 1.25% | $10,000 | Online Savings Account - online only, must have a Bank of the West checking account |
| Acacia Federal Savings Bank Rates as of Mar. 19th | MMA | 1.24% | 1.25% | $75,000 | Tiered Money Market - Rates effective 03/22/2010 |
| Excel National Bank Rates as of Mar. 19th | MMA | 1.22% | 1.23% | $250,000 | Premium Money Market - interest rate tiers |
| iGOBanking Rates as of Mar. 19th | Savings | 1.20% | 1.21% | $0 | Online Savings - High Interest Savings iGOSavings |
| iGOBanking Rates as of Mar. 19th | MMA | 1.20% | 1.21% | $25,000 | |
| Earthstar Bank Rates as of Mar. 19th | MMA | 1.19% | 1.20% | $100,000 | StarLight Money Market |
| AIG Bank Rates as of Mar. 19th | MMA | 1.19% | 1.20% | $10,000 | High Yield Money Market - FDIC insured. Open an account online or by phone! |
| OneUnited Bank Rates as of Mar. 19th | MMA | 1.20% | 1.20% | $100,000 | UNITY GOLD E-Money Market - Available Online only |
| Marlborough Co-Operative, A Division of Butler Bank Rates as of Mar. 19th | MMA | 1.20% | $100,000 | ||
| Silvergate Bank Rates as of Mar. 19th | MMA | 1.20% | 1.20% | $100,000 | |
| Transportation Alliance Bank Rates as of Mar. 19th | MMA | 1.19% | 1.20% | $1 | |
| Virtual Bank Rates as of Mar. 19th | MMA | 1.15% | 1.16% | $100,000 | eMoney Market online account |
| Zions Bank Rates as of Mar. 19th | Savings | 1.15% | 1.16% | $1,000 | Internet Savings |
| WTDirect Rates as of Mar. 19th | Savings | 1.16% | $10,000 | WTDirect Savings Account | |
| Zions Bank Rates as of Mar. 19th | MMA | 1.15% | 1.16% | $2,500 | Internet Money Market |
| First Banking Center Rates as of Mar. 19th | MMA | 1.15% | 1.16% | $250,000 | Premium Money Market Savings |
| Principal Bank Rates as of Mar. 19th | MMA | 1.15% | 1.16% | $250,000 | |
| Evergreen Bank Group Rates as of Mar. 19th | MMA | 1.15% | $25,000 | Cornerstone Money Market | |
| Union Federal Savings Bank Rates as of Mar. 19th | MMA | 1.15% | $1 | Offering online banking services across the country | |
| Rhinebeck Savings Bank Rates as of Mar. 19th | MMA | 1.10% | 1.11% | $100,000 | Priority Money Market - APY for balances up to $499,999.99, open with a priority elite checking account and receive extra benefits |
| Heartland Bank Direct Rates as of Mar. 19th | Savings | 1.11% | $1 | Performance Savings | |
| California First National Bank Rates as of Mar. 19th | Savings | 1.09% | 1.10% | $1,000 | Premium Savings |
| California First National Bank Rates as of Mar. 19th | MMA | 1.09% | 1.10% | $15,000 | Money Market Checking |
| Emigrant Direct Rates as of Mar. 19th | Savings | 1.10% | $1 | AmericanDream Savings Account | |
| ING Direct Rates as of Mar. 19th | Savings | 1.10% | $1 | Orange Savings Account | |
| Third Federal S&L Rates as of Mar. 19th | Savings | 1.10% | 1.10% | $25,000 | High-Yield, Tier 3 Savings |
| HSBC Direct Rates as of Mar. 19th | Savings | 1.10% | $100 | Online only - No monthly fees and no minimums, other than $1 minimum deposit | |
| Stonebridge Bank Rates as of Mar. 19th | MMA | 1.10% | $1 | Premier Money Market Account | |
| Heritage Bank Rates as of Mar. 19th | MMA | 1.06% | 1.07% | $50,000 | Located in Arizona. Final paperwork needs to be signed in a branch before account can be opened. |
| ShoreBank Direct Rates as of Mar. 19th | Savings | 1.07% | $1 | Online Savings Account | |
| Virtual Bank Rates as of Mar. 19th | MMA | 1.05% | 1.06% | $50,000 | eMoney Market online account |
| Amboy Direct Rates as of Mar. 19th | MMA | 1.05% | 1.06% | $30,000 | Money Market Maximizer - 1.75% for 3 months, Must maintain $30,000 balance for 90 days. New NJ customers only. |
| Sterling Bank Rates as of Mar. 19th | MMA | 1.04% | 1.05% | $1 | Sterling Select Personal Money Market (www.sterlingnj.com) |
| Sterling Bank Rates as of Mar. 19th | MMA | 1.04% | 1.05% | $50,000 | Sterling Personal Money Market (www.sterlingnj.com) |
| Silvergate Bank Rates as of Mar. 19th | MMA | 1.05% | 1.05% | $50,000 | |
| Capital One Direct Banking Rates as of Mar. 19th | MMA | 1.05% | $1 | High Yield Money Market - APY applies to account balances of $0.01 - $4,999.99 | |
| Kaiser Federal Bank Rates as of Mar. 19th | MMA | 1.05% | 1.05% | $75,000 | Money Market Saver V |
| Direct Huntington Rates as of Mar. 19th | Savings | 1.05% | $20,000 | Not available to California residents. | |
| Earthstar Bank Rates as of Mar. 19th | MMA | 1.05% | 1.05% | $75,000 | StarLight Money Market |
| UnivestDirect Rates as of Mar. 19th | Savings | 1.04% | 1.05% | $1 | Anytime Online Savings Account |
| FirstFedDirect, A Division of First Federal Bank Rates as of Mar. 19th | Savings | 1.05% | $0 | Internet Advantage Savings Account - California residents excluded from this offer | |
| Century Bank Direct Rates as of Mar. 19th | MMA | 1.05% | $1 | Online MM Rate | |
| Watertown Savings Bank Rates as of Mar. 19th | Savings | 1.00% | 1.02% | $10 | Limited to Jefferson County in New York |
| Weymouth Bank Rates as of Mar. 19th | MMA | 1.00% | 1.02% | $25,000 | Regular Money Market - South Shore Massachusetts market area |
| Capital One Direct Banking Rates as of Mar. 19th | MMA | 1.01% | 1.01% | $1 | Rewards Money Market - travel, cash and more |
| Greystone Bank Rates as of Mar. 19th | MMA | 1.00% | 1.01% | $100,000 | Money Market Savings Account |
| Intervest National Bank Rates as of Mar. 19th | Savings | 1.00% | 1.01% | $500 | Rate available with balances from $500.00 up to $24,999.99 |
| Intervest National Bank Rates as of Mar. 19th | MMA | 1.00% | 1.01% | $2,500 | Rate available with balances from $2500.00 up to $24,999.99 |
| Virtual Bank Rates as of Mar. 19th | MMA | 1.00% | 1.01% | $95,000 | Savings - Premium Money Market |
| Ascencia Bank Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $0 | |
| Amboy Direct Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $3,000 | eSavings - Apply online or by mail, offer not available at branches. New client offer $50 bonus after 90 days with minimum monthly balance of $3000 for 90 days. Offer good for NJ customers only. |
| AmTrust Direct Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $1 | e-Savings Account - Rate earned on balances up to $99,999.99. New money only, one account per customer. |
| First Internet Bank Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $1,000 | Regular Savings |
| 1st Constitution Direct Rates as of Mar. 19th | Savings | 1.00% | $3,000 | Direct Savings Internet | |
| Seacoast Commerce Bank Rates as of Mar. 19th | MMA | 1.00% | $25,000 | Investor Money Market accounts require $25,000 in New Money to open | |
| E-Loan Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $50,000 | Savings Plus, customers must make regular monthly deposits into their savings account of at least $100 |
| Acacia Federal Savings Bank Online Rates as of Mar. 19th | MMA | 1.00% | 1.00% | $25,000 | Tiered Money Market |
| E-Loan Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $10,000 | Savings Plus, customers must make regular monthly deposits into their savings account of at least $100 |
| E-Loan Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $25,000 | Savings Plus, customers must make regular monthly deposits into their savings account of at least $100 |
| E-Loan Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $100,000 | Savings Plus, customers must make regular monthly deposits into their savings account of at least $100 |
| Discover Bank Rates as of Mar. 19th | MMA | 1.00% | 1.00% | $2,500 | |
| Acacia Federal Savings Bank Rates as of Mar. 19th | MMA | 1.00% | 1.00% | $25,000 | Tiered Money Market - Rates effective 03/22/2010 |
| Ascencia Bank Rates as of Mar. 19th | MMA | 1.00% | 1.00% | $100,000 | Money Market Account Tier 3 |
| FultDirect.com Rates as of Mar. 19th | MMA | 1.00% | 1.00% | $10,000 | eMoney Market |
| Principal Bank Rates as of Mar. 19th | MMA | 1.00% | 1.00% | $100,000 | |
| Acacia Federal Savings Bank Online Rates as of Mar. 19th | Savings | 1.00% | 1.00% | $1 | Sensible Savings |
| Goldwater Bank Rates as of Mar. 19th | Savings | 0.96% | 0.96% | $100 | Goldwater Savings - limited transactions |
| Goldwater Bank Rates as of Mar. 19th | Savings | 0.96% | 0.96% | $100 | Arizona Savings - limited to local Arizona market area, limited transactions |
| Rome Savings Bank Rates as of Mar. 19th | MMA | 0.95% | 0.95% | $25,000 | Money Market Savings - Limited transactions |
| Valley Community Bank (IL) Rates as of Mar. 19th | Savings | 0.95% | 0.95% | $100,000 | |
| Hanmi Bank Rates as of Mar. 19th | Savings | 0.95% | $500 | Internet Savings - California only | |
| Sterling Bank Rates as of Mar. 19th | Savings | 0.95% | 0.95% | $5,000 | Sterling Platinum Savings (www.sterlingnj.com) |
| Ridgestone Bank Rates as of Mar. 19th | MMA | 0.95% | 0.95% | $40,000 | Personal Money Market Account - limited transfers and check writing, rates may vary by location |
| GCF Bank Rates as of Mar. 19th | Savings | 0.95% | 0.95% | $100 | CyberSaver Promo - Introductory rate for first 90 day |
| Ravenswood Bank Rates as of Mar. 19th | MMA | 0.92% | 0.92% | $50,000 | Investor Money Market |
| Citibank Rates as of Mar. 19th | MMA | 0.90% | 0.90% | $1 | Ultimate Money Account - Requires a checking account in an eligible relationship package. Must make at least two online bill payments each month. Apply online or by phone. |
| Century Bank Direct Rates as of Mar. 19th | Savings | 0.90% | $1 | Online Savings Rates | |
| Ascencia Bank Rates as of Mar. 19th | MMA | 0.90% | 0.90% | $7,500 | Money Marker Account Tier 2 |
| Heritage Bank Rates as of Mar. 19th | Savings | 0.90% | 0.90% | $1,000 | Heritage Direct Savings. (Located in MN) |
| Sovereign Bank Rates as of Mar. 19th | MMA | 0.90% | $75,000 | Money Market Savings with Premier Checking | |
| MetLife Bank Rates as of Mar. 19th | Savings | 0.90% | $25,000 | High Yield Savings Account | |
| Excel National Bank Rates as of Mar. 19th | Savings | 0.90% | 0.90% | $1,000 | Personal Savings |
| MetLife Bank Rates as of Mar. 19th | MMA | 0.90% | $25,000 | Limited check writing privileges | |
| First Niagara Rates as of Mar. 19th | MMA | 0.90% | 0.90% | $150,000 | Relationship Builder Money Market - Tiered Rates, up to 3 checks per month. Rate listed is available for new accounts opened at branch locations. Rate may vary by market area. |
| Citibank Rates as of Mar. 19th | Savings | 0.90% | 0.90% | $1 | Ultimate Savings Account - Must apply online or by phone |
| Virtual Bank Rates as of Mar. 19th | MMA | 0.85% | 0.85% | $50,000 | Savings - Premium Money Market |
| Virtual Bank Rates as of Mar. 19th | MMA | 0.85% | 0.85% | $25,000 | eMoney Market online account |
| Zions Bank Rates as of Mar. 19th | MMA | 0.80% | 0.80% | $1,000,000 | Gold Money Market Account |
| Zions Bank Rates as of Mar. 19th | MMA | 0.80% | 0.80% | $250,000 | Gold Money Market Account |
| Amegy Bank of Texas Rates as of Mar. 19th | MMA | 0.80% | 0.80% | $100,000 | Personal Internet MM Savings |
| First East Side Savings Bank Rates as of Mar. 19th | MMA | 0.80% | 0.80% | $25,000 | |
| Tompkins Trust Company Rates as of Mar. 19th | Savings | 0.75% | $50,000 | True Advantage Statement Savings - Requires True Advantage Checking or Checking Plus Account, limited to local New York market area | |
| Genesee Regional Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $50,000 | Limited to New York market area |
| MetLife Bank Rates as of Mar. 19th | MMA | 0.75% | $10,000 | Limited check writing privileges | |
| Citizens Bank Rates as of Mar. 19th | MMA | 0.75% | $25,000 | Circle Gold Money Market - rate for balances up to $2,999,999, rate applies to new accounts, NY - Albany region. Rate may vary by region. Market area - NY, CT, DE, IL, MA, MI, NH, NJ, OH, PA, RI, VT. | |
| Alliance Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $50,000 | Transaction limitations |
| TD Bank Rates as of Mar. 19th | Savings | 0.75% | $10,000 | Elite Savings - Tiered interest rate, rate for balances up to $24,999. Rate may vary by location. Market area from Maine to Florida. | |
| MetLife Bank Rates as of Mar. 19th | Savings | 0.75% | $10,000 | High Yield Savings Account | |
| NBT Bank Rates as of Mar. 19th | MMA | 0.75% | $50,000 | Premium Money Market - Tier 2 rate, account must be linked to a Star Privilege Premium Checking Account, limited to local New York market area | |
| AIG Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $2,500 | High Yield Money Market - FDIC insured. Open an account online or by phone! |
| Bank of America Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $50,000 | Growth Money Market Savings with Bonus Rate - Tiered interest rates, open online. Bonus Rate with minimum of $250 in direct deposit or automatic transfer from your Bank of America checking account. Rate stated is Bonus Rate based on New York Consumer Rate, contact Bank of America for rates in your area. Some products may not be available in all states. |
| Independence Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $75,000 | Super Money Market - Account only available in California |
| Excel National Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $10,000 | Premium Money Market - interest rate tiers, APY up to $49,999.99 |
| Citibank Rates as of Mar. 19th | Savings | 0.75% | 0.75% | $1 | e-Savings. Must apply online or by phone. Requires a checking account in an eligible relationship package. |
| Acacia Federal Savings Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $10,000 | Tiered Money Market - Rates effective 03/22/2010 |
| E-Loan Rates as of Mar. 19th | Savings | 0.75% | 0.75% | $5,000 | Savings Plus, customers must make regular monthly deposits into their savings account of at least $100 |
| Sterling Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $25,000 | Sterling Personal Money Market (www.sterlingnj.com) |
| Greystone Bank Rates as of Mar. 19th | MMA | 0.75% | 0.75% | $50,000 | Money Market Savings Account |
| Zions Bank Rates as of Mar. 19th | MMA | 0.70% | 0.70% | $100,000 | Gold Money Market Account |
| Amegy Bank of Texas Rates as of Mar. 19th | MMA | 0.70% | 0.70% | $25,000 | Personal Internet MM Savings |
| Virtual Bank Rates as of Mar. 19th | MMA | 0.65% | 0.65% | $25,000 | Savings - Premium Money Market |
| Amegy Bank of Texas Rates as of Mar. 19th | MMA | 0.60% | 0.60% | $1,000 | Personal Internet MM Savings |
| PNC Bank Rates as of Mar. 19th | MMA | 0.60% | 0.60% | $100,000 | Rate based on New York market area, rate may vary by location |
| Pioneer Bank Rates as of Mar. 19th | MMA | 0.60% | $50,000 | Pinnacle Money Market Tier V - Tiered interest rate for up to $99,999.99. Contact bank to see how you can earn an additional 0.25%. Limited to New York market area. | |
| Northwest Savings Bank Rates as of Mar. 19th | Savings | 0.50% | $100 | Statement Savings - Limited to local western New York market area | |
| Carthage Savings and Loan Association Rates as of Mar. 19th | Savings | 0.49% | 0.50% | $10 | Limited to local New York market area |
| Virtual Bank Rates as of Mar. 19th | MMA | 0.50% | 0.50% | $5,000 | Savings - Premium Money Market |
| Doral Bank Direct Rates as of Mar. 19th | Savings | 0.50% | $1,000 | Doral Direct Savings | |
| M and T Bank Rates as of Mar. 19th | MMA | 0.50% | 0.50% | $1 | e-Money Market - Online only, geographic restrictions, rate and products may vary by location, rate disclosed is based on NY market area |
| AmTrust Direct Rates as of Mar. 19th | MMA | 0.50% | 0.50% | $1 | e -Money Market Account - Rate earned on balances up to $999.99 |
| Community Bank, NA Rates as of Mar. 19th | Savings | 0.45% | $500 | Premium Savings - Limited to New York and Pennsylvania market area | |
| Astoria Federal Savings Bank Rates as of Mar. 19th | Savings | 0.40% | 0.40% | $0 | Regular Passbook Savings Account |
| Wells Fargo Bank Rates as of Mar. 21st | Savings | 0.30% | 0.40% | $25 | High Yield Savings |
| Independence Bank Rates as of Mar. 19th | Savings | 0.35% | 0.35% | $0 | Independence Savings - Account only available in California |
| Solvay Bank Rates as of Mar. 19th | Savings | 0.35% | 0.35% | $1 | Statement Savings Account |
| Genesee Regional Bank Rates as of Mar. 19th | Savings | 0.35% | $100 | Statement Savings - Limited to New York market area | |
| PNC Bank Rates as of Mar. 19th | Savings | 0.30% | 0.30% | $10,000 | Savings Max - tiered interest rate, rate based on New York market area, rate may vary by location |
| First National Bank of Groton Rates as of Mar. 19th | Savings | 0.25% | 0.25% | $1 | Limited to local New York market area |
| JPMorgan Chase Rates as of Mar. 19th | Savings | 0.25% | 0.25% | $50,000 | Chase Plus Savings Standard Rate - APY for balances up to $499,999, rate may vary by location |
| The Adirondack Trust Company Rates as of Mar. 19th | Savings | 0.25% | 0.25% | $50 | Regular Passbook |
| KeyBank Rates as of Mar. 19th | MMA | 0.25% | 0.25% | $2,500 | Key Silver Money Market Savings - Rates may vary by location. Available in AK, CO, CT, ID, IN, KY, ME, MI, NY, OH, OR, UT, VT, WA |
| Union Bank Rates as of Mar. 21st | MMA | 0.15% | 0.15% | $10 | High Rate MoneyMarket Account - A linked Tiered Interest Checking account is required to qualify for this account |
| Citizens Bank Rates as of Mar. 19th | Savings | 0.15% | $0 | Circle Gold Savings - rate applies to new accounts, NY - Albany region. Rate may vary by region. Market area - NY, CT, DE, IL, MA, MI, NH, NJ, OH, PA, RI, VT. | |
| First Niagara Rates as of Mar. 19th | Savings | 0.10% | 0.10% | $200 | Statement Savings - Rate listed is available for new accounts opened at branch locations. Rate may vary by market area. |
High-interest savings accounts and money market accounts are excellent tools for managing your money. They allow you to save for goals — both short-term and long. When shopping for the best bank, it’s important to look for high interest rates, but it’s also important to double-check that the bank is FDIC insured. You can use the EDIE calculator to check on which types of accounts at which banks and for which amounts are FDIC insured. Do your homework and choose an online savings account that works for you.
Have you been able to find savings or money market account rates that are even better than the ones listed here? If so, please let us know. Don’t forget to include all the details: name of the bank, state, rate, when you opened this account with this rate and whether one can you open an account online or have to come in person. I’d like to find the best possible savings account rates and money market rates to share with Get Rich Slowly readers.
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[There are 36 comments on this post.]
Note: Everbank charges a $9/month fee for balances under $5,000.
What about high interest checking accounts? How can some banks offer over 4% interest on amounts up to $50,000 and should I be concerned about using them? The one in particular I have an account with is FDIC insured.
Has anyone done business with smartypig?
If so, what has been your experience?
Thanks.
I have used Smartypig recently. I am not happy with duration between removing the amount from my checking account to the time it is available to earn interest in Smartypig account. I also had some trouble with the initial setup and had to mail in paperwork to activate an account. Also if you just want to take advantage of their interest rates and not setup a savings goal it is not possible.
I’ve been with SmartyPig for several months now. Opening an account was straightforward and I had no problems with setting it up. I agree with Darrin about the long wait from crediting transfers to my SP account (it takes 3 days), but that has more to do with banking laws. Seeing the progress I’m making in my savings goal is very motivating especially when you don’t need the money for many months. The best way to view a SmartyPig account is as a certificate of deposit without the early withdrawal penalty. A savings account elsewhere is more liquid, but doesn’t give you a very good interest rate.
Has anyone had any experience with AmeX High-Yield Savings? I want to begin an account but I was just trying to get some info. Thanks.
Just opened an account with Shorebank Direct, seems to be the highest interest rate with low minimum, etc. Anyone have any experience with SBD?
I was wondering how often these high interest online savings accounts vary their interest rates? Are these very high rates just teaser rates?
I’ve had online accounts with Shorebank Direct since Nov. Took a bit to clear the glitches (transfer limits were more complicated than I saw at first, can’t have >2 accounts connected, money seems to be nowhere for 1-2 days before it arrives). Have been highly satisfied since. Interest rate did drop a few times, recently rose–each time they emailed me a notice. Besides the financial benefits, I love that they do good in communities I care about.
Initial review of Shorebank Direct was “This is a complete pain and not worth it.” The phone support is absolutely miserable, but their customer service available through email is competant and helpful. Guess who I talked to first?
User interface (what you see on the screen/ navigate through to do this or that) is pretty disgusting compared to what I am used to with my old ING account and bank accounts on line.
But, it pays better than the rest at my level and that is why I am there; for now.
Bauer Financial (http://www.bauerfinancial.com/btc_ratings.asp) gives ShoreBank a rating of ZERO which is right below their ONE STAR RATING (TROUBLED) so it may only be a matter of time before federal regulators seize this bank just like they just did with Corus Bank?
http://www.bloomberg.com/apps/news?pid=20601208&sid=aCLSKgrl2pOM
To Gayle: 4.01% APY is what I’m getting on checking. It is FDIC so you should not fret on loosing your money
I’m wondering what bank Gayle has her 4.01% APY checking account with and what the accounts requirements are (minimum deposit, debit transactions/month etc.)?
Thanks
Frances
I’ve opened an account at American Express, good rate, but they are bozos. They are clueless about how to run a bank. For example, they insist on sending each statement addressed not just to me, but addressed to each beneficiary listed on the account. For another example, to set up a telephone access PIN, they made me create my own challenge question and answer, and then USPS mail them both the question and the answer. That took more than 6 weeks to get registered in their system. For another example, the form to set the beneficiary did not have room for cascading beneficiaries (wife first, then kids) or for proportions (50% to the youngest, 25% to the other two).
Please tell me about Ing Direct -
Does anyone have a preference to ING Direct online savings vs. ALLY online savings?? Are they both reputible? My son has $500.00. Would this be the best bet for the money?
ing pays 1.29 ally 1.55 is it safe to transfer money to ally
I’ve had Ally/GMAC for several years. No problems, competitive rates..
I just opened a checking account with a local bank that pays 4.98% and compounds monthly, account balance has to be $100.00. It is a variable rate but has remained constant for the last 11 months.
Gayle, there’s a useful article here about high interest checking accounts
My credit union has been giving me a competitive 2% on my savings for some time now with no maximum balance. In order for them not to get flooded with new customers and therefore lower rates, I will not be divulging their name. Sorry.
I’ve been using kasasa which gets me about 4%. It has no costs, but the catch is you have to have 10 debit transactions and 1 electronic deposit/withdrawal each month and electronic statements in order to get the high yield. I’ve been happy with it. It’s a program through various banks, so you don’t need a bank that’s nearby. Oh, and FDIC insured
I had dollar savings for awhile, but then that tanked down to about 2%.
Capital One’s InterestPlus Online Savings requires $2500 or more to earn interest.
I have been a fan of Ing Direct, and Emigrant direct banks….service is fast and they are reputable. I have been with Ing for 5 years now and Emigrant for 3-1/2 years. I schedule my deposit ahead of time and the rate is comparable, no min. deposit and the w/site is simple and not tricky. I can also download real time transactions in my Quicken… I also tried HSBC in which the first online bank that sent me a debit card…so it was helpful when I needed Emer. $. Ing also offers checking account with a debit card/credit which gives you a set overdraft amount. Banking at Ing makes banking online hassle free.
I have been with ING for 5 years now. Unfortunately the interest rate has dropped from my initial rate of over 5% APY to 1.25%. I haven’t had any problems with them at all. Easy setup online, had to mail them a check as the initial deposit. It is really easy to have linked or shared accounts with different owners(and to unlink if needed). Also your 1099 is available online. Transfers do take a couple of days but they also have direct deposit and their own mortgage and checking accounts. Free $ for referals for both parties.
I would like to know why HSBC Direct never makes any of these bank rating polls? I mean I feel honored that they are like my hidden gem, but seriously, they’re a pretty big bank. Their motto “The World’s Local Bank”.
I’ve been with HSBCdirect for a number of years and they have consistently offered some of the highest rates. For example, right now their Online Savings Account is 1.35% only surpassed by Ally (who we all know is the failed GMAC bank). Plus there is no min…well if there is it’s $1. Their Online Payment Account (their checking with debit card) offers 0.85% yield.
So really, why does HSBC Direct never make the cut on anyone’s lists?
Does anyone know of a good online savings bank that will allow downloaded transactions into QuickBooks? Seriously. I haven’t found one yet.
Has anyone tried using GE Interest Plus? It’s not FDIC insured but it works just like a bank account and their rate is currently 1.75%.
I was about to try GE until I read that it wasn’t insured. My 2% savings account is better. No rate tiers, it is insured to $250,000, and has a history of competitively high rates. I suggest you keep looking for better deals.
I have $4100 an iwant to open a high interest saving account but i dont really now what bank to use ani kind of dont understand how all this works kind anyone help
State Farm bank has a 1.45% saving account. That is one of the highest I’ve seen.
I wonder, if nobody ever tried international online money markt acounts. I think that banks in kuwait, qatar, monaco or macao could have interesting high yields.
Has anyone tried Everbank? Since they are offering bonus introductory rates even higher than many CD rates - without locking you in for the term of the CD. As of December 3, 2009 the Everbank introductory rate is 2.51%.
how does rhonda get 4.98%- why are some people saying th ehighest is 1.45%- 2% whats up??? I need to put several k, somewhere safe,soon. thanks
i see capitol one as highest (above text on THIS page) 1.44%- is there something better? thanks all
Henry, I agree with you, they are bozos. It took AMEX five days to credit the account (that is three days after debiting my bank account. This a late response as I just found out that Amex switch the original APY offer 1.5 to 1.3 (I opened the account on January 9, 2010). When I called to ask for an explanation, the customer service told me that the change took place because that is what other banks were paying. The answer should have been: the government requires that if we are using TARP money(transitional Assistance Recovery….) the bank cannot pay an apy higher than banks that did not receive TARP money. I’m searching for a bank that pays an APY of 105 or higher. I found but it requires that I deposit $25.00 monthly in person. Amex played a dirty trick and I do not appreciate it. As soon as I find a bank that will keep their word, I will transfer my money.