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High Yield Online Savings Accounts

Find the best online savings rates available.

What is a High Yield Savings Account?

High Yield Savings Accounts are savings accounts--typically only available online--that provide higher interest rates than your typical savings account from a brick and mortar bank. They usually have a $1 minimum and can only be opened online. You can usually transfer money in directly. Interest is usually compounded daily and paid monthly.

Top High Yield Savings Rates

How does a high yield savings account work?

The reason banks can offer higher savings rates on these online accounts is because the overhead required to maintain and manage these accounts is a lot lower than your brick and mortar savings account. Unlike high yield checking accounts, high yield savings accounts don't have many requirements. You can usually make as many withdrawals as you want, and with a minimum balance of only $1 and online transfers available, it is very easy to move your money around.

Important information about high yield savings accounts

Some things to keep in mind: there are some savings accounts have higher minimum balances, so it is important to research this before applying for an account. With these accounts, the savings rate is usually significantly lower if you don't meet the minimum balance requirements. In addition, the rates on these savings accounts can change quickly as the market changes, because banks aren't obligated to lock in a rate. So we see a bit of quid pro quo--while you can maintain a lot of flexibility and liquidity, the bank can as well. Make sure you do your research and find the best savings rate before signing up!

*EverBank's bonus rate applys for 3 months, and then the rate reverts to 2.15% for the first year on balances up to $50,000

Top MMA Rates at Huntington Bank

Huntington bank currently has a Premium Plus Money Market that offers 1.25% APY on balances above 20k. To qualify for this account you must also open a checking account and maintain a 1500 balance. Huntington Bank is available to people nationwide, except for residents in California and Massachusetts. They have over 600 branches in the [...]

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Dime Savings Bank Prime Rewards Money Market Account

Dime Savings Bank has a Prime Rewards Money Market Account earning 1.01 percent annual percentage yield (APY) on balances of $75,000 and up. The money market rate is available for passbook and statement accounts. The money market has tiered interest rates that are currently at: 0.2 percent APY for balances of less than $1,000 0.45 percent APY [...]

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Salem Five Direct – 1.25% APY Guaranteed

Traditional savings accounts feature variable APYs that can be changed at any time. Salem Five Direct is bucking this trend by offering a guaranteed 1.25% APY on their eOneSavings account, which has a minimum of $100. If you apply by June 1, the rate will be guaranteed for one year until April 1, 2012. The [...]

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Ally Bank Review – CD Rates, Savings, Money Market

Ally Bank is the online subisdary of Ally financial services. Ally has always had competitive interest rates on all their deposit products, along with no minimum balances, 24/7 customer support, and no monthly fees. I’ve found Ally’s interface to be intuitive and easy to use, and their customer service has also been excellent when I [...]

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FirstMerit Savings Account Tops Rates for Users in Ohio

FirstMerit Bank has a Reality Savings Account with a 1.25% APY. The savings rate is available as of 3/12/2011. You must have a FirstMerit Bank checking account to qualify for the savings rate. Details of the checking account offer include: Open with as little as $1.00 Competitive interest rates Earn interest on all balances No [...]

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CNB Bank Direct High Yield Savings, CD

CNBBankDirect currently has a high-yield savings account with a minimum opening deposit of $1. This savings account’s APY is 1.2%. The interest rate is variable and can change after an account is opened. Details of the high-yield savings account include: Minimum opening deposit of $1 No monthly maintenance fee Open account online Insured by the [...]

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AIG Bank Signature Money Market Account

AIG Bank’s Signature Money Market Account with interest rates higher than the average. This high yield MM account can be opened online. The current MMA rates for this account are: 0.5 percent annual percentage yield (APY) for balances of $2,500 to $9,999 1 percent APY for $10,000 to $49,000 1.03 percent APY for $50,000 to $99,999 1.06 [...]

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ING Direct $175 in Bank Bonuses

ING Direct has the opportunity to earn up to $175 in bonuses for opening various accounts. If you aren’t a current ING Direct savings account member, email me at ratestracker at to get a referral link. This will start you off with $25. The ING Direct savings account has a pretty decent savings yield [...]

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Aurora Bank CD Rates, Savings, Checking Accounts

Aurora Bank currently has competitive certificate of deposit rates available. Checking and savings account are also available, but the rates are not as high. Aurora bank CDs have different yields based on term to maturity and deposit amount. CD rates range from 1.10% APY for a 6 month CD with 1000 minimum deposit to 2.32% [...]

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Kasasa Rewards Checking & Savings – First National Bank

First National Bank is offering a reward checking and savings account called Kasasa Cash and Kasasa Saver. The savings and checking accounts feature the following rates if certain monthly requirements are met. Kasasa Cash (Checking) 3.55% APY on balances up to $15,000 0.55% APY on portion of balances over $15,000 0.05% base rate if requirements [...]

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Top Savings Account Rates – 11/8/10

Sallie Mae Bank also the lender of student loans is amongst top for the best savings account at 1.30% APY. This matches the savings rate of Capital One and American Express. All other major banks and institutions have been cutting their rates and offering less than Sallie’s 1.40%. paid a nice 2.00% APY in March, [...]

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Sallie Mae Bank – CDs & Savings Accounts

Sallie Mae bank is currently offering some top CD rates and savings account rates via their online bank. Sallie Mae CDs have the following features: No minimum balance No monthly charges No hidden fees FDIC insured Current Sallie Mae CD rates as of 7/14/2010: 12 month CD – 1.50% APY 3 Year CD – 2.20% [...]

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Acacia Federal Savings Bank

Acacia Federal Savings Bank currently offers a tiered money market account that offers money market rates from .25% to 1.5% depending on your balance. The rate on your account changes automatically as your balances change. The current Acacia bank money market rates are: 1.5% APY for balances of $125,000 and up 1.25% APY for $75,000 [...]

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Citibank Ultimate Savings Account Bonus

This isn’t the best bank bonus, but for anyone looking to open a Citibank Savings Account you might as well get a free $25 out of it, right? All you have to do is open a Citibank Ultimate savings account and deposit a minimum of $1,000 by 2/28. You have to maintain a minimum of [...]

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US Bank Certificates of Deposit

US Bank has some competitive online certificate of deposits that are nationally available. Their CDs require a minimum deposit of $1000 and you can apply online instantly. The current CD rates (as of 12/23/2009) are as follows: 23 month CD – 1.75% APY 42 month CD – 2.00% APY 59 month CD – 3.00% APY [...]

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