Best Savings Account Rates

blr-editor | April 26, 2011 | Comments (0)

Savings accounts provide liquidity while earning interest

Savings accounts are regarded as conservative accounts by most financial experts, but they have their place in most people’s mix of investments. In uncertain times, you are prudent to have cash. In addition, most workers should have 3-6 months worth of savings in ready cash, for emergency situations.

The returns from savings accounts are usually comparable to those from CDs. However, savings can be withdrawn at any time – the consumer is not locked in.

Below are among the best current rates for savings accounts around the country.

Best Rates for Savings Accounts

Institution	APY	Rate	Min. Deposit
Discover Bank	1.15%	1.14%	$500
Everbank	1.01%	1.01%	$1,500
Ally Bank	1.00%	1.00%	$0
ING Bank	1.00%	1.00%	$1
Aurora Bank	0.90%	0.90%	$1,000
Goldwater Bank	0.90%	0.90%	$100
Ascencia Bank	0.75%	0.75%	$50
Bank of Internet USA	0.71%	0.71%	$1
First Internet Bank of Indiana	0.70%	0.70%	$100
New Dominion Bank	0.70%	0.69%	$50
Intervest National Bank	0.65%	0.65%	$500
Heritage Bank N.A.	0.65%	0.65%	$1,000
OneWest Bank	0.45%	0.45%	$1,000
First NB of Baldwin County	0.25%	0.25%	$100
USAA	0.25%	0.25%	$25
Nova Bank	0.20%	0.20%	$1
Metlife Bank	0.15%	0.15%	$50
State Farm Bank	0.12%	0.12%	$100
American Bank	0.10%	0.10%	$200