The current stock market has become too volatile and risky for your money. The Certificate of Deposit (CD) rates are too low to lock up your money for a long period of time. If you to avoid risk and still maintain flexibility in your money, the best thing to do right now is to grow your money in a safe financial investment vehicle, like a high-yield savings account. Below are the top ten high yield savings accounts.
The current National Average interest yield is 0.75% APY according to Bankrate.com. Compared to the national average, these banks offer at least 80% higher interest yields.
Banking Terms
APR = Annual Percentage Rate
APY = Annual Percentage Yield
MMA = Money Market Account
High-Yield Savings Account #1
Evantage Bank Mega MMA
Savings Rate: 2.00% APY
Minimum: $0
Note: Funds receive 2.00% APY up to $35,000, thereafter, funds receive 1.00% APY.
Details:
- Monthly Statements are received electronically
- Includes 6 FREE withdrawals per month**
- FREE Evantage MasterCard® CheckCard
- FREE Account (No Monthly Maintenance Fee)
- FREE Online Banking
- FREE Customer Service
- Overdraft Privilege available.
- NO MINIMUM BALANCE
- Earns interest of 2.00% APY* calculated on your daily balance of up to $35,000. Amounts over $35,000 earn 1.00% APY*
- Includes 6 FREE withdrawals per month.
- $5 fee for each additional withdrawal
High-Yield Savings Account #2
AmericaNet Bank Mega MMA
Savings Rate: 2.00% APY
Minimum: $0
Note: Funds receive 2.00% APY up to $35,000, thereafter, funds receive 1.00% APY.
Details:
- Monthly Statements are received electronically
- FREE AmericaNet Bank® VISA® CheckCard
- FREE Account (No Monthly Maintenance Fee)
- FREE Online Banking
- FREE Customer Service
- FREE Daily Email Notification if Overdrawn
- NO MINIMUM BALANCE
- Earns interest of 2.00% APY* calculated on your daily balance of up to $35,000.
- Amounts over $35,000 earn 1.00% APY*
- Includes 6 FREE withdrawals per month**
- $5 fee for each additional withdrawal
High-Yield Savings Account #3
Redneck Bank Mega MMA
Savings Rate: 2.00% APY
Minimum: $0
Note: Funds receive 2.00% APY up to $35,000, thereafter, funds receive 1.00% APY.
Details:
- Monthly Statements are received electronically
- FREE Redneck Bank® VISA® CheckCard
- FREE Account (No Monthly Maintenance Fee)
- FREE Online Banking
- FREE Customer Service
- Overdraft Privilege available.
- NO MINIMUM BALANCE
- Earns interest of 2.00% APY* calculated on your daily balance of up to $35,000. Amounts over $35,000 earn 1.00% APY*
- Includes 6 FREE withdrawals per month**
- $5 fee for each additional withdrawal
High-Yield Savings Account #4
Incredible Bank
Savings Rate: 1.53% APY
Minimum: $1,000
Note: Funds receive 1.53% APY up to $250,001, thereafter, funds receive 1.00% APY.
Details:
- $0-$250,001 earns 1.53% APY. Above $250,001 earns 1.00% APY.
- Rate offered as of 5/3/10.
- $1,000 minimum deposit to open the account.
- Fees may reduce earnings. (Schedule of Fees)
- Rate subject to change without notice
High-Yield Savings Account #5
SFGI Direct Savings
Savings Rate: 1.51% APY
Minimum: $500
Note: $500 min to open, Closed for approximately 2 months to new customers. Only 1 external account
High-Yield Savings Account #6
Everbank YieldPledge MMA
Savings Rate: 1.51%
Minimum: $1,500
Note: 2.25% 3-month promo up to $50K and 1.51% first year, $8.95/mo < $6K
High-Yield Savings Account #7
Ready Saver
Savings Rate: 1.50%
Minimum: $0
Note:
Details:
- Earn a premium rate of 1.50% *Annual Percentage Yield.
- Deposits are FDIC insured up to $250,000. Your money is secure and protected!
- Southern Community is a real bank with over 20 brick-and-mortar locations and a history of solid management and performance.
- Make regular deposits with our free autodraft feature.
- Getting started is easy. Simply open your account, deposit funds and start watching your money grow.
High-Yield Savings Account #8
Alliant CU Savings
Savings Rate: 1.50%
Minimum: $5
Note: Rate requires paper statements opt-out & 1 monthly electronic deposit.
Details:
- 1.50% APY
- Over 5.8x higher than the bank industry average*
- High dividends paid monthly on average daily balances of $100 or more
- At least $250,000 in NCUA insurance through the National Credit Union Share Insurance Fund
- Convenience Card account access
- $5 deposit minimum
- No maximum balance limit
High-Yield Savings Account #9
Clear Sky Savings
Savings Rate: 1.40%
Minimum: $1
Note: Online Savings account. $1 min to open
High-Yield Savings Account #10
Capital One Costco IntPlus
Savings Rate: 1.40%
Minimum: $5,000
Note: 0% < 5k, 15k AVG monthly balance gives 10% quarterly bonus on interest
Click on the bank websites to apply and to see the definitions of the footnotes and asterisks. Do you know of a higher yield savings account? Share your information with us below.
Loading ...
