High Yield Savings Account Rates – Updated Nov. 25, 2009
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 (All rates updated 1/8/2010 unless noted otherwise).
| Bank | Interest Rate (APY) | Min. Deposit | Account Details |
|---|---|---|---|
| EverBank Yield Savings Account | 1.51% | $1,500 | $1,500 initial-deposit requirement. Features 2.51% 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: https://www.everbank.com. |
| Discover Bank Online Savings Account | 1.60% | $500 | $500 opening deposit plus no minimum balance. Also available: money market account, certificates of deposit (CD) and an IRA CD. For more information visit: http://www.discoverbank.com/savings. |
| WT Direct Savings Account | 1.41% | $10,000 | No minimum deposit required to open account, but the interest rate drops to 0.15% APY after 60 days if your balance drops below $10,000. Great account for those with the cash to maintain minimum deposit. WTDirect Savings Account Review. |
| Bank Of Internet | 1.65% | $100 | Open with $100, free ATM card available. For more details, visit: http://www.bankofinternet.com/. |
| Ally Bank Savings Account | Click for current rates | $1 | Ally Bank offers savings accounts and CDs, including a no penalty CD. Ally Bank also offers the ability to create subaccounts for targeted savings. Ally Bank Review. |
| FNBO Direct Online Savings | 1.40% | $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: https://www.fnbo.com. |
| HSBC Direct Online Savings Account | 1.35% | $1 | Open a account with as little as $1. Over 450 brick and mortar branches and 350,000 ATM machines in the US. Over 10,000 branches worldwide. HSBC Direct Savings Account Review. |
| ING Direct Orange Savings Account | 1.25% | $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: http://home.ingdirect.com/. |
| E*Trade Complete Savings Account | 0.50% | $1 | E*Trade offers a complete financial services package with savings, checking, CDs, IRAs, and a full service brokerage account. For more information, visit: http://www.etrade.com. |