Online Savings Accounts & Current Rates

[poundwise]

Last Update: 10/06/2009


2.01% Simple Smart Savings (1) No min to open | $25 to start a savings goal | No fees

2.00% Mega Money Market No min to open | No min to earn APY | No min balance fee

1.95% High Yield Savings $1 to open | $1 to earn APY | No min balance fee

1.81% Express Money Market Account No min to open | No min to earn APY | No min balance fee

1.75% High Yield Savings $100 to open | No min to earn APY | No min balance fee

1.75% Discover Online Savings $500 to open | No min to earn APY | No min balance fee

1.70% Money Market Savings $100 to open | No min to earn APY | No min balance fee

1.70% High Yield Savings $1 min to open | No min to earn APY | No min balance fee

1.70% AMEX High-Yield SavingsNo min to open | No min to earn APY | No min balance fee

1.65% Advantage Savings $100 to open | $1 to earn APY | No min balance fee

1.65% Online Money Market $1 to open | No min to earn APY | No min balance fee

1.65% Performance Savings $500 to open | No min to earn APY | No min balance fee

1.60% High Yield Money Market $1000 to open | No min to earn APY | $1000 or $8 fee

1.60% Dollar Savings $1000 to open | $1000 to earn APY | No min balance fee

1.55% Online Savings $1 to open | No min to earn APY | No min balance fee

1.55% Square Savings No min to open | No min to earn APY | No min balance fees

1.55% Money Market Savings $1 to open | No min to earn APY | No min balance fee

1.50% Online Savings $1 to open | No min to earn APY | No min balance fee

1.50% Savings $1000 to open | $1000 to earn APY | $1000 or $10 fee

1.50% Grand Yield Direct $2500 to open | $1 to earn APY | No min balance fee

1.49% High Interest Money Market $1000 to open | No min to earn APY | No min balance fee

1.41% iGOSavings $1 to open | $1 to earn APY | No min balance fee

1.38% High Interest Online Savings $100 to open | No min to earn APY | No min balance fee

1.35% Online Savings $1 to open | $1 to earn APY | No min balance fee

1.30% AmericanDream Savings $1 to open | No min to earn APY | No min balance fee

1.30% Orange Savings No min to open | No min to earn APY | No min balance fee

1.25% Pot O' Gold Money Market $1000 min to open | No min to earn APY | $1000 or $10 fee


NOTES:

(1) SmartyPig operates differently than a traditional savings account. Accounts are held by West Bank, an FDIC insured institution. The SmartyPig site and interface is based on setting savings goals and establishing regular monthly contributions to the account. Please see the SmartyPig site for more information.


METHODOLOGY:

This listing is comprised of known online savings/money market savings accounts from FDIC insured banks. Additional general criteria for this listing are: [1] The account must not require more than $1K to open, to earn the stated APY, or to avoid a minimum balance fee; [2] The APY offered must be within a reasonable range of the top rates offered. The process of determining the lower limit for inclusion will 'float' from time to time but, typically, it will be required that an offering must be (a) within two points of the top rate offered and/or (b) within one point of the average rate on the listing.


DISCLAIMER:

Institution and account names and logos are the trade and/or service marks of their respective owners. Not liable for any errors in values, terms, or other details as listed here. This listing is not intended to serve as a comprehensive guide to all terms on each of the listed accounts. Banks may change offers and/or terms at any time. Read each offer, account details, and terms of service on the institution's web site carefully when considering a new account. No statement is made or implied regarding the financial strength of any institution listed.

[sweeps]

Excellent! Suggestion: May want to add links for convenience.

[poundwise]

Good suggestion. Will do.

[Done! Links added.]

[Ima saver]

Thanks I needed that. I want to open a high interest account as soon as I sell my spec house. If you could put up links, I promise to write them all down and not keep asking for them. Thanks again, poundwise!!

[Ima saver]

Thanks so much for the links!!

[JoyJoy]

Yes Poundwise thanks for all the links and the information on each bank. That took a lot of compiling and you did it expertly and neatly too!

Definitely a keeper. Will help with going to the banks individually to see if rates have changed. Again great job!!!

[Ima saver]

It sure was a great job and we all really appreciate it. [Automated by GetSmile]

[Duchesse]

Citibank 5.00%

[Ima saver]

Is citibank paying 5%? Is there a link?

[poundwise]

Originally Posted by Duchesse

Citibank 5.00%

Thanks for bringing this omission to my attention. I've added it now.

I didn't keep them in mind because of the stipulation that you have to have a checking account with them in order to get the savings rate. And, the EZ Checking that they offer has account maint fees unless you have a balance of $1500 or meet some other qualifications. However, it seems that if you have the 'package' of both the EZ Checking and the e-Savings, then you do not have any fees to worry about.

[disneysteve]

Great list. Would you mind if I shared it at another discussion site?

[poundwise]

Originally Posted by disneysteve

Great list. Would you mind if I shared it at another discussion site?

I don't mind at all.

[Ima saver]

I wish more banks would let you use the phone or mail to open an account. I have no idea how to use a printer and mine has no paper or ink in it!

[Ima saver]

I thought I would bring this to the top again, I think it is important!

[Broken Arrow]

I was originally thinking GMAC, but HSBC is looking mighty enticing!

Great job on the list!

[sweeps]

Rumors are that Emigrant will be going up to 5% starting tomorrow (7/4). Source: Bank Deals.

[BTC]

Originally Posted by Ima saver

I wish more banks would let you use the phone or mail to open an account. I have no idea how to use a printer and mine has no paper or ink in it!

I know it's none of my business, but I'm curious how old you are. I'm going to be in Dalton, GA later this week. For a cold glass of lemonade, I would be happy to stop by and show you how to use your computer if you're anywhere in the vicinity. But, you'll have to buy the ink and paper. Unless you have a relatively new printer, you should probably expect a case of sticker shock when you purchase the ink. I hate to see anyone miss out on banking in the 21st century because they're afraid of their PC.

[Ima saver]

What a nice thing to do. My last job was in 1980 and we did not have a computer there. When I moved here, the only job I could get was a waitress job, so that is what I did for a living for a while. My husband has never used a computer either. He bought me one for christmas a year and a half ago and I know nothing about it. (I am over 60) But Dalton is too far away, I am up in the mountains in Blairsville, by the N.C. line. Thanks anyway!!

[poundwise]

I updated the yields today: Saturday, July 8, 2006

[Ima saver]

Thanks so much poundwise, it is really hard to keep track of!!