High Yield Savings Account Interest Rates
Are you looking for a high interest savings account where you can stash your cash to earn a better return on your money than you could at your local bank? Then check out this list of bank accounts below. We will keep this list up to date with the current rates and links to reviews of some of the best high yield savings accounts in the nation. Simply enter the appropriate information such as the amount of your initial deposit and the type of account you are seeking and click “Update Results.” You will then have a list of great online and brick and mortar banks to choose from. They are all covered by the FDIC and have no fees or minimum balances unless noted.
More High Interest Savings Account Rates
All of these banks offer online savings accounts for easy access to your money wherever you are. They are all covered by the FDIC and have no fees or minimum balances unless noted. The following products represent both savings accounts and money market accounts, as noted. (All rates updated 5/3/2012 and are subject to change daily).
| Online Bank | Interest Rate (APY) | Min. Deposit | Account Details |
|---|---|---|---|
 | 0.84% | $1 | Ally Bank offers savings accounts and CDs, including a no penalty CD. Ally Bank also offers the ability to create sub-accounts for targeted savings. - Ally Bank Review. - Official Ally Bank website |
 | 0.80% | $500 | The Discover Bank Online Savings Account has a $500 opening deposit plus no minimum balance. Also available: money market accounts, certificates of deposit (CD) and an IRA CD. For more information visit: - Discover Bank Review - Official Discover Bank website. |
| 0.80% | $1 | Create up to 30 sub-accounts. ING Direct also offers CDs, a high interest checking account, and the ability to link your account to ShareBuilder, an online brokerage. For more information, visit: - Official ING Direct Website. |
|
 | 0.75% | $1 | American Express Personal Savings Accounts currently offer high interest rates on savings accounts, checking accounts, money market accounts, and CDs.For more information, visit: - American Express Personal Savings Website. |
 | 0.76% | $1,500 | $1,500 initial-deposit requirement. Features 1.51% Bonus Rate for first three months. No-fees for online banking with minimum account balance of $5,000. Also available: CD's high interest checking, Money market account, more. For more information visit: - Official Everbank website. |
 | 0.65% | $1 | Rated the top online bank in 2008 by Kiplinger’s and has a 4 out of 5 star rating from Bankrate’s Safe and Sound Ratings. for more information, visit: - Official FNBO Direct website. |
 | 0.60% | $1 | Aurora Bank currently offers high interest rates on savings accounts, checking accounts, money market accounts, and CDs. Though several banks have a higher interest rate, the interest bearing checking account is worth looking into. For more information visit: - Aurora Bank Review |
Other high interest savings account options:
SmartyPig. SmartyPig is a high interest savings account that offers account holders the opportunity to select savings goals and redeem their savings for the cash in their account, or exchange it for discounted gift cards, some with savings up to 14% off face value. It is easy to set up an account with SmartyPig, but the highest interest rates are reserved for balances less than $50,000. If your balance exceeds this limit, the entire account earns a lower interest rate, making this account only good for balances less than $50,000. FDIC insured. No minimum balance, no fees. For more information, please see our Smarty Pig review.
Sallie Mae. Sallie Mae is well known for their student loans and other loan options, but they also run a top notch savings account, with very competitive interest rates and a few bonus features not found elsewhere. One of the more attractive features which sets Sallie Mae apart from the pack is their bonus for Upromise accounts. The consumer banking section is a new addition to the Sallie Mae lineup, but they bring a long history of financial management and are FDIC insured. No minimum balance, no fees, and a 10% annual match on Upromise® earnings make Sallie Mae a winner. For more information, visit our
Sallie Mae Review.
WT Direct. WT Direct currently offers a 0.25% APY on savings. There is no minimum deposit required to open a savings account, but those who maintain a balance of less than $10,000 may receive a lower interest rate. While this interest rate isn’t the highest out there, WT Direct is worth a look if you are a high net worth customer. WT Direct is a very stable bank which seeks out individuals with large deposits. They also make it easy to transfer large sums of money, which is good for those who are planning major purchases, or spend large amounts of money. For more information, view our WTDirect Savings Account Review.
HSBC Advance. Known as the “international bank,” HSBC Advance has over 10,000 branches located worldwide, including an extensive ATM network both here in the States and overseas. There are over 450 brick and mortar branches and 350,000 ATM machines in the US. Over 10,000 branches worldwide. This is a great option for world travelers due to its convenience and low minimum opening balance ($1). For more information, view our HSBC Advance Savings Account Review.
Zion’s Bank. Zion’s Bank is a full banking suite with online savings, checking and money market accounts, business savings and checking accounts, credit cards loans and mortgages, and more. You can view our Zions Bank Savings Account Review for more detailed information about Zion’s Bank and their products.
See our top rated online savings accounts for more reviews and ratings.